Organizers cite severe market downturn as NFT capitalization falls nearly 70% year over year NFT Paris and RWA Paris have canceled their 2026 conferences, pointing to prolonged weakness in the nonfungible token market. The decision reflects broader structural challenges across the NFT ecosystem as falling valuations and reduced activity strain event organizers, platforms, and creators alike. Conference Cancellations Reflect Market Pressure The events, originally scheduled for February in Paris, were called off with roughly one month’s notice. Organizers stated that “the market collapse hit us hard”, adding that despite significant cost reductions and months of effort, the conferences were no…
Author: Bitxjournal Team
Cheaper energy could improve miner profitability, though benefits may take years to materialize Potential US access to Venezuela’s vast oil reserves could reduce electricity costs for Bitcoin mining, improving profitability across the sector, according to analysts. While the long-term implications are significant, experts caution that any meaningful impact will take time due to infrastructure and political challenges. Cheaper Energy Could Boost Bitcoin Mining Margins Lower power prices would help offset pressures from higher mining difficulty, rising energy expenses, and Bitcoin’s recent pullback from all-time highs. Even tapping a small portion of Venezuela’s estimated 303 billion barrels of crude oil reserves…
Crypto-related equities climb sharply as digital asset prices reach multi-week highs US-listed crypto stocks posted strong double-digit gains as the broader crypto market rebounded, pushing major tokens to multi-week highs. The rally reflects improving market sentiment at the start of 2026 following a period of subdued holiday trading and cautious positioning. Top-Performing US Crypto Stocks Crypto infrastructure firm Bakkt led the rally, soaring nearly 31.5% during regular trading and extending gains after hours to trade around $15.52. Bitcoin treasury-focused company Kindly MD also ranked among the top performers, closing the session up more than 24%. Crypto mining stocks followed suit.…
Investment bank raises price target as crypto infrastructure and tokenization fuel growth outlook Coinbase shares surged 8% following a major upgrade from Goldman Sachs, signaling renewed confidence in the company’s long-term growth strategy. The investment bank raised its rating on COIN from neutral to buy, citing expanding diversification beyond trading and increasing exposure to crypto infrastructure. Goldman Sachs lifted its 12-month price target from $294 to $303 per share, implying an 18% upside from current levels. Coinbase closed the trading session at $254.92, with limited movement in after-hours trading. The firm described its outlook as “selective optimism,” favoring crypto businesses…
Rising support and descending resistance keep Binance Coin locked in a tight trading range BNB is trading in a narrow consolidation range as price action shows growing compression near the $900 level. The token has edged higher in recent sessions, reflecting steady demand, but technical indicators suggest the market remains balanced rather than directional as 2026 begins. BNB recently rose around 1.7% to trade near $906, pushing through the psychological $900 level before consolidating between $890 and $910. Trading volume expanded during the move above $900, signaling participation from both buyers and sellers rather than a low-liquidity drift. From a…
NY-listed miner boosts production in December, maintains long-term holding strategy Bitcoin miner Cango Inc. closed 2025 with total holdings exceeding 7,500 BTC, reflecting increased production and stable operations. The company continues to hold its mined bitcoin, signaling a long-term accumulation strategy despite market volatility. December Production and Holdings In December, Cango produced 569 BTC, up from 546.7 BTC in November, lifting average daily production to 18.35 BTC per day. Total reserves reached 7,528.3 BTC, valued at over $700 million at current prices above $93,000. The miner emphasized it has no plans to sell its holdings in the near term. Hashrate…
Move expands adviser-led Bitcoin exposure across Merrill and private banking platforms From January 5, Bank of America has formally expanded Bitcoin access across its US wealth management business, allowing financial advisers to proactively recommend spot Bitcoin exchange-traded funds (ETFs). The change marks a shift from client-initiated crypto exposure to adviser-led portfolio discussions, signaling deeper institutional acceptance of Bitcoin. Approved Spot Bitcoin ETFs for Wealth Clients The bank’s chief investment office has approved four US-listed spot Bitcoin ETFs for use across Merrill, the Bank of America Private Bank, and Merrill Edge. These include products from BlackRock, Fidelity, Bitwise, and Grayscale. All…
Tom Lee-chaired firm lifts total crypto and cash reserves above $14 billion Ethereum treasury company BitMine Immersion has significantly expanded its digital asset holdings, adding nearly 33,000 ETH in its latest acquisition. The move cements BitMine’s position as the largest corporate holder of Ethereum as it enters 2026 amid renewed market momentum. Latest Ethereum Acquisition and Holdings BitMine added 32,977 ETH since its last update, bringing total Ethereum holdings to 4,143,502 ETH, valued at roughly $13 billion at current prices. While the firm did not disclose its average purchase price, the newly acquired ETH alone is worth about $104 million.…
World’s largest corporate Bitcoin holder expands reserves as late-2025 price decline weighs on results Strategy opened 2026 with a fresh $116 million Bitcoin purchase, reinforcing its long-term accumulation strategy even as it disclosed a significant unrealized loss from the final quarter of 2025. The move highlights the company’s continued conviction in Bitcoin despite short-term market volatility. The company acquired 1,283 BTC at an average price of around $90,000 per coin, using proceeds from its at-the-market stock offering. This purchase lifted total holdings to 673,783 BTC, acquired at an average cost basis of $75,026 per Bitcoin. At current prices, Strategy’s Bitcoin…
Large cliff and linear unlocks concentrate market attention on four major crypto projects this month More than $5.5 billion worth of crypto tokens are scheduled to enter circulation in January marking one of the most concentrated monthly unlock periods in recent cycles. The majority of this supply comes from just four projects ONDO, BGB, HYPE, and TRUMP which together represent over one-third of the total value unlocked. January Token Unlock Breakdown According to vesting schedules, approximately $2.5 billion will be released through cliff unlocks, where tokens enter circulation all at once. Another $3 billion will unlock via linear releases, spreading…