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'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000

Backed by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as 'Dr. Doom,' the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term.
Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward

The industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.
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Zcash plummets 30% as Shielded Labs reveals a major bug that went undetected for four years

Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token's supply and its value.
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%

Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC

AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets.
Here's what could happen if bitcoin breaks below $60,000

A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.
Bitcoin and ether ETFs end record multi-billion outflow streak

U.S. spot bitcoin ETFs pulled $3.05 million in net inflows on Wednesday after 13 straight sessions of redemptions totaling roughly $4.4 billion, while ether ETFs ended a 17-day outflow streak with $19.30 million led entirely by BlackRock's ETHA.
JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network

American's biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their deposits.
Crypto's worst week since July 2024 deepens as bitcoin, ether near critical price levels

Crypto is on course for its worst week since July 2024, with the ether price approaching a critical support as a zcash exploit and AI capital rotation pile on the pressure.
Arthur Hayes dumps zcash holdings after Orchard Pool vulnerability revealed

Hayes said he would reconsider his stance if his assumptions that an exploit is still possible prove to be incorrect.
U.S. job growth blows past forecasts, setting stage for Fed rate hikes

Bitcoin is now facing another headwind — the prospect of higher interest rates.
CoinDesk 20 performance update: Bitcoin (BTC) price drops 2.8% as index declines

All twenty constituents in the CoinDesk 20 index were trading lower since yesterday.
Bearish zcash bets hit record high as privacy token's price crashes

Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side.
XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows

XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.
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Alsobrooks says Clarity Act needs ethics deal before Senate vote

The Maryland Democrat says bipartisan crypto legislation is close, but ethics and illicit finance concerns remain unresolved.
U.S. House tax committee weighs crypto bills, including relief for small transactions

Seven draft bills are being circulated by the House Ways and Means Committee ahead of a hearing next week, including proposals to ease small-gain, mining and staking burdens.
Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000

Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets.
BlackRock-backed tokenization firm Securitize clears key hurdle to go public on NYSE

The tokenization specialist behind BlackRock's BUIDL fund could begin trading on the NYSE as SEC approves merger registration.
AI exposed a massive flaw in top crypto network and experts warn banks could be next

After an AI model helped uncover a four-year-old flaw in Zcash, security researchers warn that similar bugs may be hiding across crypto and traditional financial systems.
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