Here is what happened yesterday in the crypto market:
Unbacked Crypto Loans Issued with World ID
San Francisco-based Divine Research has issued approximately 30,000 unbacked short-term crypto loans since December, utilizing OpenAI CEO Sam Altman’s World ID for borrower verification. This raises concerns about the nature of these loans and the use of biometric verification for such financial products.
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Bitcoin’s Four-Year Cycle Questioned by Bitwise CIO
Matt Hougan, Bitwise’s Chief Investment Officer, suggests that Bitcoin’s next significant price surge may occur in 2026, challenging the long-held belief in a rigid four-year market cycle for the cryptocurrency. This perspective offers a different outlook on Bitcoin’s future price movements.
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Bitcoin OGs’ Faith Shaken by Institutional Adoption Debate
A prominent crypto analyst’s claim that early Bitcoin adopters are losing faith as institutional adoption grows has ignited a significant debate within the Bitcoin community. This discussion highlights the evolving dynamics and potential ideological shifts among long-term Bitcoin holders.
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Tether Gold Benefits from Bullion Boom
Tether Gold (XAUT) is experiencing increased demand amidst a global bullion boom, driven by central banks and ETFs accumulating gold. This trend reflects a broader institutional interest in safe-haven assets in a volatile macroeconomic environment, extending to gold-backed cryptocurrencies.
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Bitcoin Nears $120K Midst Predictions of Larger Price Swings
Bitcoin is making a late rally towards the weekly close, approaching key liquidation zones, with analysts predicting larger price swings ahead. Traders are closely watching specific price points as the cryptocurrency continues its volatile trajectory.
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