crypto

Yaël Bizouati-Kennedy7/10/25

Bitcoin hits another milestone, passing $113,000 for new high

Fresh off yesterday’s new record, Bitcoin set a new all-time high today, crossing $113,00 less than 24 hours later.

Alexander Blume, CEO of Two Prime, told Sherwood News that bitcoin momentum has been quietly building for weeks, culminating in the milestone.

“Rather than a single spark, this move reflects growing adoption: public companies committing eight- and nine-figure sums to BTC, regulators easing their stance, and short sellers flushed out at the 110k/111k levels. With volatility at historic lows, the market was ready for a breakout,” he said.

Bitcoin hits new all-time high, passing $112,000

Bitcoin hits new all-time high, passing $112,000

“Rather than a single spark, this move reflects growing adoption: public companies committing eight- and nine-figure sums to BTC, regulators easing their stance, and short sellers flushed out at the 110k/111k levels. With volatility at historic lows, the market was ready for a breakout,” he said.

More Crypto

Ethereum stays range-bound as daily ETF inflows spike to highest since January

On Wednesday, spot ethereum ETFs recorded $169.4 million worth of inflows.

Man Getting Drink from Water Cooler

Yaël Bizouati-Kennedy

Despite the recent rally, bitcoin faces a triple threat of resistance

While bitcoin broke out of “$60K purgatory,” an “important psychological achievement,” the Iran conflict is just one headwind the asset faces.

Bitcoin symbol

crypto

Sage D. Young3/4/26

Solana rises amid crypto rally after “breakout month” for solana stablecoins

Stablecoin transaction volume on solana climbed to a record $650 billion last month, more than double the network’s previous record. It also saw the highest volume of any blockchain last month, according to a Wednesday note published by Grayscale Head of Research Zach Pandl.

“Stablecoins are one of the megatrends driving adoption of blockchain technology, and Solana is well positioned to compete in this category,” Pandl wrote.

The research note comes as the supply of stablecoins on solana has jumped to $15.4 billion, a substantial leap since the start of 2025, when the figure sat at $5.1 billion, data from open-source analytics platform DefiLlama shows.

The price of solana has increased 7.3% in the last 24 hours to return above the $90 level, outpacing bitcoin, ethereum, and dogecoin, per CoinGecko.

International banking group Standard Chartered has predicted solana will grow to $250 by the end of 2026, pointing to a shift in activity from meme coins to solana-stablecoin pairs, aided by AI-driven micropayments.

Meanwhile, the prediction market-implied odds of solana sliding below $60 in 2026 stands at 68% on Wednesday morning, and on the bullish side, traders are pricing in a 48% chance the token will rise higher than $150 in the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Meanwhile, the prediction market-implied odds of solana sliding below $60 in 2026 stands at 68% on Wednesday morning, and on the bullish side, traders are pricing in a 48% chance the token will rise higher than $150 in the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Yaël Bizouati-Kennedy

Bitcoin crosses $72,000 for first time in a month but caution remains

Open interest points to the market viewing bitcoin in a more positive light this week.

HONG KONG-LIFESTYLE-BITCOIN

crypto

Sage D. Young3/4/26

Kraken receives approval for “master account” from the Kansas City Fed in first for crypto companies

The Federal Reserve Bank of Kansas City approved a limited purpose account for Kraken Financial, making the exchange the first cryptocurrency company to gain access to the Fed’s payment infrastructure, according to a Wednesday report from The Wall Street Journal.

The approval “marks the convergence of crypto infrastructure and sovereign financial rails,” according to Kraken co-CEO Arjun Sethi. With a Federal Reserve master account, Kraken can directly connect to core US payment systems used by traditional banks and credit unions, enabling faster and more efficient fiat movement for Kraken’s institutional clients.

Sethi continued, “This creates a uniquely resilient foundation. It gives us the ability to settle directly on Fedwire, reduce dependency on correspondent banks, and integrate regulated fiat liquidity directly into digital asset markets.”

The approval of a Fed master account comes as Kraken, which was founded in 2011, is preparing for an initial public offering.

Kansas City Fed President Jeff Schmid in a press release said the payments landscape is actively evolving. “Throughout this transformation, the integrity and stability of the U.S. payments system remain our priority,” Schmid said.

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