In the hushed corridors of modern finance, Michael Saylor’s enterprise, “Strategy,” embarks on yet another odyssey of digital gold, acquiring 592 BTC at a price that would make a medieval king blush-39.8 million dollars, a sum that could buy a small kingdom, or perhaps a few more coins. This latest venture, a testament to the … Read more
Armani Ferrante, the founder & CEO of Backpack and MadLab, announced on X that users who stake Backpack tokens for at least a year will be able to exchange them for a share of the company. In his post, he talked about his experience in crypto and the problems many tokens face with real-world use and value. One wonders if he’s addressing the issues or merely rebranding them as “challenges.”
In that peculiar moment, Bitcoin, the so‑called golden calf of our grids, slipped from its respectable $70,000‑high into the deep porches of the 64.5‑thousand gulf. It took a plunge of a full four‑grand in a mere hour, ice‑cold enough to extinguish hopes and freeze markets, here. Yet, like Hannah in one of Chekhov’s theatres, it stared at the drop, sighed, and clinked back up to a tidy $66,000‑plus, hardly more precious today than the indolent morning light.
Pre-market trading is like a game of Whack-a-Mole, showing signs of stabilization with bitcoin bouncing back to above $66,000 after a brief tumble to $64,400 on Sunday. It’s like watching a cat fall off a table only to land on its feet!
According to the ever-so-reliable crypto.news, Bitcoin-that bellwether of the digital age-has plummeted 5%, from a rather respectable $68,000 to a most unbecoming $64,435. Losing the $65,000 mark? How dreadfully embarrassing.
This Canadian prodigy, who probably has more ideas than socks, has discovered that the age-old barriers between “security” and “user experience” (or UX, if you’re feeling particularly trendy) are about as solid as a chocolate teapot.
Investors, in their infinite wisdom, have just pulled nearly $3.8 billion from U.S.-listed spot bitcoin exchange-traded funds over five straight weeks, the longest outflow streak since February 2025. One might say they have abandoned their investments with the same fervor one might abandon a poorly attended social gathering.
Concerns about federal intervention in cryptocurrency markets, already a topic as contentious as a heated debate about the correct way to make a cup of tea, intensified when U.S. Senator Elizabeth Warren (D-Mass.) sent a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell on Feb. 18. In it, she requested-very politely, almost apologetically-that they confirm taxpayer funds would not be used to “bail out cryptocurrency billionaires and other highly leveraged crypto investors.” Her tone was one of urgent concern, as though the very fabric of fiscal responsibility might unravel if such a thing were allowed to happen.
Bitcoin ETFs saw $315.9 million in outflows this week, with $303.5 million coming from BlackRock’s IBIT. Meanwhile, Grayscale’s BTC Mini ETF attracted $36 million, offering lower-cost Bitcoin exposure for cautious investors. Because nothing says “confidence” like hiding in a mini.
His latest brainchild? Closing the gap between what users think they’re doing and what the blockchain actually does. Spoiler alert: it’s wider than the Grand Canyon.