1h ago
Fed Governor Christopher Waller shrugs off Bitcoin’s 50% slide and outlines 2026 payment account plan
On Monday, Federal Reserve Governor Christopher Waller told a symposium in La Jolla, California that Bitcoin’s drop from a late-2025 peak of $125,000 to about $60,000–$70,000 is a normal correction, not a systemic failure. He attributed much of the selloff to institutional investors adjusting risk and noted that uncertainty around the stalled CLARITY Act is weighing on sentiment. Waller also said the Fed aims to roll out restricted "payment accounts" for tech and crypto firms by the end of 2026, offering limited access to the central banking system without interest or overdrafts.
BTC
BTC-0.77%
1h ago
1h ago
BitMine Adds 40,000 ETH and Holds 4.32M Coins Despite $7.8B Unrealized Losses
Ethereum-focused treasury firm BitMine, chaired by Tom Lee, bought about $83 million worth of ETH in two 20,000-coin deals as the asset traded near multi‑month lows. The company now holds roughly 4.32 million ETH at an average cost of $3,850, leaving it more than $7.8 billion down on paper with prices around $2,040. While some large holders have sold heavily in recent weeks, BitMine is maintaining a long‑term stance and has no debt obligations forcing sales.
ETH
ETH-2.20%
1h ago