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Crypto & Web3CoinDesk ·

VanEck: Bitcoin Shows 8 of 12 Capitulation Signals, But Bottom May Not Be In

Asset manager VanEck has identified eight out of twelve capitulation signals currently flashing for Bitcoin, suggesting the market is under significant stress. However, the firm cautions that these conditions do not confirm a market bottom has been reached. Historical data shows that similar market setups have typically led to below-average Bitcoin returns over both 90-day and 180-day periods. Investors are being warned that further downside may still be possible despite the elevated number of distress indicators.

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Crypto & Web3CoinDesk ·

Bybit credits AI tools with saving $700M, one year after $1.46B hack

Crypto exchange Bybit has reported that artificial intelligence helped it recover and protect approximately $700 million in the year following a massive $1.46 billion security breach. The hack, attributed to North Korean cybercriminals, remains one of the largest thefts in cryptocurrency history. Bybit is now the first major centralized exchange to quantify AI's financial impact on its recovery and security operations. The claim aligns with broader assertions bitcoin developers have been making about AI's role in strengthening crypto security.

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Crypto & Web3CoinDesk ·

China expands digital yuan network with 20 new operators added in 2026

The People's Bank of China has significantly expanded its digital yuan infrastructure in 2026, adding 20 new operators across two separate rounds of expansion. Eight of these new participants joined the e-CNY network this week alone. The additions represent a tripling of the CBDC's operator network, signaling an accelerated push by Chinese authorities to broaden adoption of the digital currency. The expansion reflects China's continued commitment to developing one of the world's most advanced central bank digital currency systems.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Tight Range as Global Bond Yields Surge to Multi-Decade Highs

Bitcoin has remained confined to a narrow trading range for approximately six weeks, with its volatility falling to multi-year lows. Rising global bond yields, particularly U.S. Treasury yields, have been unsettling equity markets during this period. Traders appear to be in a wait-and-see mode ahead of the release of the Federal Reserve's July meeting minutes. Investors are closely watching the minutes for signals on the future direction of interest rates. The combination of macro uncertainty and reduced crypto volatility has left Bitcoin largely directionless for now.