Bitcoin balance sheet adoption could hit 20% of BTC supply by 2026
Nation-states top the list with a $161.7 billion allocation built on a 5% swap of existing gold reserves into Bitcoin, equal to 1.62 million BTC.
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Big moves are reshaping the crypto landscape. Bitcoin could soon see up to 20% of its supply held on institutional balance sheets, with nation-states leading the charge. Pi Network grabs the spotlight as it launches 20x leveraged futures on Kraken, fueling debate over its true decentralization. Meanwhile, justice catches up with SafeMoon’s former CEO, who’s been convicted in a $200 million fraud scheme. Get the details on today’s most important stories below.
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The global crypto market cap is $3.43 trillion, with a 24-hour volume of $115.69 billion. The price of Bitcoin is $109,075.88, and BTC market dominance is 63.2%. The price of Ethereum is $2,556.43, and ETH market dominance is 9.0%. The best-performing sector is Fan, which gained 1%. The Crypto Fear & Greed Index is currently Greed (66).
📰 Top News
Bitcoin balance sheet adoption could hit 20% of BTC supply by 2026
Nation-states top the list with a $161.7 billion allocation built on a 5% swap of existing gold reserves into Bitcoin, equal to 1.62 million BTC.
Pi Network token makes derivatives debut on Kraken with perpetual futures offering 20x leverage
The derivatives debut on signals growing institutional interest despite unresolved questions about Pi's decentralization and distribution.
Former SafeMoon CEO Braden Karony convicted on all charges in $200M crypto fraud scheme
SafeMoon CEO Braden Karony built a pipeline for theft, funneling investor funds through a web of pseudonymous wallets and laundering proceeds.
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