What Determines the Price of Bitcoin (BTC)? Coinbase CEO Explains, Putting an End to the Debate!

As tensions between the US and Iran continue to cause volatility in the leading cryptocurrency Bitcoin, Coinbase CEO Brian Armstrong has made new statements.  In new assessments made from account X, Coinbase CEO Brian Armstrong stated that the key factor determining Bitcoin‘s long-term price is not mining activity or network energy consumption, but investors’ expectations regarding inflation.  At this point, the Coinbase CEO argued that the $BTC price was driven by inflation fears, not mining, saying the price moved in parallel with inflation concerns.  Armstrong, drawing attention to how the Bitcoin network works, stated that the hash power used for mining does not directly determine the price of $BTC.  He stated that the hash power or energy allocated to mining does not determine the price of $BTC, and that even if miners leave the market, the network difficulty is adjusted to maintain block production at the same rate.  Armstrong argued that, in the long term, the $BTC price is an indicator of how concerned people are about inflation, noting that inflation concerns are unlikely to disappear in the short term, especially given the continued budget deficits in democratic countries, which could support long-term demand for Bitcoin.  Armstrongs remarks come at a time when debates about energy

07-20

Crypto institutions look beyond audits as trust signals falter: Hacken

Institutional investors are looking beyond smart contract audits after traditional trust signals such as prior audits and operating history failed to predict which crypto projects would be exploited, according to Hacken.  In its Q2 2026 Security & Compliance Report, Hacken said that only 9% of 1,427 tracked projects had third-party monitoring, while 4% combined monitoring with an active bug bounty and a security audit. The report highlighted that compromised keys, signers and infrastructure accounted for 88.3% of the roughly $764 million stolen during the quarter.  Hacken said projects unable to provide ongoing evidence of operational security may face higher perceived risk, reduced investment and more difficult access to insurance or counterparties.  Contributors to the report included Federico Bagiotti, group head of risk management at Abraxas Capital, who said “inadequate security relative to the capital at risk” was the signal that most often led the firm to reject an otherwise attractive position. Rajeev Bamra, Moody‘s Ratings’ head of digital economy strategy, said that operational resilience had become “the practical lens” through which institutions evaluated security, compliance and governance.Security controls among those reviewed. Source: Hacken  Operational security becomes an allocation test  The report said institutional due diligence is beginning to include signer-set changes, collateral backing, third-party dependencies,

07-20انڈسٹری

Ethereum co-founder Vitalik Buterin 'vibe-codes' anonymous billboard demo with onchain moderation on Aztec

Quick TakeVitalik Buterin has built a working demo of an anonymous message board on Aztec where users deposit ETH, post without revealing any link to their address, and withdraw their funds.The demo bakes in a censor role that can flag posts as “immoral,” backed by a local LLM daemon that reads an onchain moderation policy and auto-flags violations.  Vitalik Buterin has released a working demo of an anonymous message board on Aztec, pairing fully private posting with an onchain moderation layer.  The Ethereum co-founder shared the project Sunday on Farcaster, calling it a “vibe-coded” toy version of the “anon billboard with moderation” concept he outlined in a 2022 blog post. The code is public on GitHub under his vbuterin account.  Buterins onchain message board  The billboard is built on Aztec. Users deposit ETH on Ethereums (ETH) base layer, post messages anonymously on Layer 2, and later withdraw their ETH back to Layer 1, according to the repository. Posts carry no sender address in public call data and no link to the original deposit.  Buterin also noted that Aztec had reached stage 2 — the most decentralized tier on the Layer 2 maturity scale — in a follow-up cast, otherwise known as a post on the

07-20انڈسٹری

TD Cowen cuts Smarter Web Company price target 36% on revised bitcoin outlook

Quick TakeTD Cowen cut its price target on The Smarter Web Company to £0.64 from £1 while maintaining a Buy rating.  Investment bank TD Cowen lowered its price target on The Smarter Web Company PLC to £0.64 ($0.86) from £1.00 ($1.35), while reaffirming a Buy rating on the UK-based bitcoin treasury company.  Smarter Web shares traded at £0.287 ($0.39) on Monday morning, according to London Stock Exchange data. TD Cowens £0.64 price target implies about 123% upside from that level.  In a note to clients, TD Cowen analysts led by Lance Vitanza said the revised price target incorporates bitcoin forecast assumptions published last month, as well as updated treasury activity and dilution projections.  Their valuation framework assigns £63 million to treasury operations and values projected year-end 2026 bitcoin holdings at £229 million. After factoring in projected net debt of £18 million, the analysts derived a target equity value of £274 million, equivalent to £0.64 per share based on 426 million fully diluted shares.  The analysts also reiterated their broader investment thesis for Smarter Web, describing the company as a public bitcoin treasury company focused on accumulating bitcoin and increasing bitcoin holdings on a fully diluted per-share basis through equity, debt, and other financing tools. The

07-20انڈسٹری

Ethereum bridge users have 24 hours to exit before chain shuts down after just 5 week warning

Powerloom, a blockchain network built for decentralized data infrastructure, is scheduled to halt permanently at 6:00 AM UTC on July 21. Users with POWER or other transferable assets still held on the network have under 24 hours to move them to Ethereum as of press time.  Currently, Powerlooms official wind-down page lists the bridge as active. The projects final reminder directed users to initiate a withdrawal through the official bridge and complete the claim on Ethereum before the cutoff.  The bridge only covers balances already available for transfer on Powerloom. Reward claims, unstaking, and node burns closed when mint.powerloom.network went offline at 6:00 AM UTC on July 16.  Powerloom says unclaimed rewards, staked POWER, or node-slot funds that still depended on those dashboard workflows can no longer be recovered. The remaining eligible group is holders with liquid on-chain balances; users waiting on claims or unstaking have no recovery path.  What disappears after the deadline  Powerloom says the chain will stop producing blocks at shutdown. Contracts and state on the network will become inaccessible, and the Arbitrum-based bridge will stop functioning because it will no longer have an operating source chain to connect to.  That dependency is the wider risk behind the deadline. A bridge works only

07-20انڈسٹری

Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms

SummaryThe GENIUS Act that governs U.S. stablecoin issuers is complicated and a work-in-progress, but now that its first anniversary is reached, Tether and other non-U.S. issuers have two years left to figure out their compliance strategies.The one-year mark was supposed to see the federal financial regulators finishing their stablecoin rules, but none have done so, yet, leaving some compliance uncertainty.The basic outlines of the U.S. standards, though, would force the most widely circulated coin — Tethers USDT — to make a lot of major changes before it could satisfy the law.  The worlds leading stablecoin by volume, Tethers USDT, could be shoved out of the U.S. markets if the company doesnt revamp dramatically in the next two years.  Despite assurances last year from CEO Paolo Ardoino that the stablecoin giant would achieve U.S. compliance for USDT, the company hasnt yet revealed a sharp turn toward the demands of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which became law one year ago.  With that consequential anniversary of President Donald Trumps signing of the law passing on Saturday, the industry has marked a surge in stablecoin interest and issuance, plus a wide array of crypto and traditional financial firms pursuing U.S.

07-20انڈسٹری

Kraken says simpler options can unlock crypto's next derivatives market

Derivatives account for the vast majority of crypto trading volumes, but options remain a relatively small corner of the market, dominated by a handful of established venues including Deribit, CME Group and Binance. New entrants are increasingly betting that broader adoption of options will follow the institutionalization of digital assets.  The move is the latest step in Krakens transformation from a crypto exchange into a broader financial platform offering trading, payments and other digital asset services.  Growing the market, not just market share  Rather than focusing solely on taking market share from incumbent venues, Theodorou believes the larger opportunity is expanding the addressable market by making options easier to use.  “The existing options market in crypto has been built for a narrow slice of the trader base,” Theodorou said.  “Our offering broadens access through a straightforward, dollar-settled contract in the same account clients already use for spot and futures,” she added.  A retail-first approach  According to Theodorou, the slow growth of crypto options is less a demand problem than a product design problem.  “The gap in crypto options isnt demand, its design,” Theodorou said.  She notes that existing crypto options platforms have largely catered to institutional traders and market makers, while retail traders instead have gravitated toward perpetual futures,

07-20انڈسٹری

Crypto executives say digital native generations may never need a bank account

Jan said many Binance employees, including himself, already keep most of their assets on the exchange. “I could make payments, I could use my debit card to spend whatever I need wherever I want,” he said.  Lines are blurring  Eneko Knorr, co-founder and CEO of Dubai-based stablecoin company Stabolut, said the line between banks and crypto companies is becoming harder to see.  “Today, you see regular banks offering crypto, and crypto platforms offering real bank accounts and normal banking services,” Knorr told CoinDesk. “Of course, the world still runs on regular money, so we all have to make a standard bank transfer to pay rent or the utility bills.”  Knorr said younger customers may choose an app that combines stablecoins with daily banking services.  Rohan Misra, head of the Gulf Cooperation Council region and SEO of AMINA Bank ADGM, said stablecoins are increasingly used for payments and settlement but still need regulated banking infrastructure.  “The wallet alone isnt the bank account,” Misra said. “The regulated infrastructure around it is.”  Misra also questioned whether self-custody, where users control their private keys, would become the default.  “Self-custody means if someone accesses your private key, your assets are gone with no recourse, no recovery and no insurance,” he said. “Thats cash

07-20انڈسٹری

Here is why a massive $1.6 billion in crypto liquidity is sitting idle and wasting away

Around 54% of liquidity in positions below $1,000 was out of range, compared with 26% for positions above $1 million. Yet positions worth more than $1 million accounted for 47% of all idle capital, or roughly $260 million.  While contract-managed positions stayed within a more consistent range, individual wallets accounted for between 82% and 94% of the attributed idle capital on Uniswap v3, depending on the chain. That suggests liquidity deposited directly by users and requiring manual adjustments is more likely to go unattended and fall out of range.  Dune estimated that these out-of-range providers, that are sitting idle, could be missing roughly $150 million in fees each year, based on a blended in-range fee APR of about 35%.  Liquidity providers deposit token pairs that decentralized exchanges use to complete swaps. They earn a share of the fees paid for trades using that liquidity pool while their positions remain in the range they set.  However, the research said that the figure is not guaranteed recoverable income. Keeping positions active can add transaction costs, execution risk and exposure to unfavorable price movements.  1inch commissioned the research ahead of the planned launch of , a new liquidity protocol. Dune said it developed the methodology and reached its

07-20انڈسٹری

Massive bitcoin call spreads target $72,000 by month end, right when the Fed meets

SummaryTraders have bought $2.5 billion in notional bitcoin call spreads on Deribit, targeting $72,000 by July 31.The timing aligns with the Feds July 29 interest rate decision, with markets currently favoring a hold.  Bitcoin traders are betting billions that the cryptocurrencys spot price will climb to $72,000 by the months end, a timeline that lines up with the July Federal Reserve meeting.  They have done so this week with the help of Deribit-listed bitcoin call options, or derivative contracts that pay off when BTCs spot price surges beyond specific price levels by a certain date.  According to Deribit, a total of 20,000 contracts of the $70,000 call expiring July 31 were purchased alongside a sale of 20,000 contracts of the $72,000 call of the same expiry. That amounts to $2.5 billion in notional value, the dollar value of 40,000 contracts, each representing 1 bitcoin.  This is known as a bull call spread, a strategy initiated when expecting a moderate rise in the price of the underlying asset.  Think of it as buying a ticket that pays out if bitcoin rises to $70,000, while selling away the gains above $72,000 to lower the cost of that ticket. The trade-off: a lower entry cost and lower maximum

07-20انڈسٹری
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