Bitcoin News Today TheBitTimes.com

On Monday, thousands of investors joined a social audio space on X to discuss the worst day since David Bailey took Nakamoto (NAKA) public. Its title, NAKA -60%: Is the Bitcoin Treasury Trend Over? , highlighted the stock’s 60% weekend price drop to an all-time low of $1.16. From its all-time high of $34.77 on May 22, its crash to $1.16 this morning marked a 96% decline . Bailey once cheered as his bitcoin (BTC) treasury company traded up to 23 times the value of its BTC holdings. Today, his company’s multiple-to-Net Asset Value or mNAV multiplier has declined 96% — mirroring its share price decline — to 0.82x. Not content with simply becoming another BTC treasury company like Michael Saylor’s Strategy, Bailey promoted Nakamoto as a treasury company of BTC treasury companies . Although early speculators were excited about the multiplying spin of Bailey’s meta-strategy, excitement has evaporated since May. In an increasingly emotional series of tweet...

According to $10 trillion asset manager BlackRock’s CEO Larry Fink, leading cryptocurrency Bitcoin (BTC) could reach $700,000 amid economic instability. In a Davos interview, the CEO praised Bitcoin as a reliable alternative in an economy plagued by fear and uncertainty. JUST IN: BlackRock CEO Larry Fink says he is a "big believer" in Bitcoin and predicts it could rise to $700,000. pic.twitter.com/AHDkfWr4gK — Watcher.Guru (@WatcherGuru) January 22, 2025 Fink says that Bitcoin is a hedge against currency debasement and political instability. He said that if sovereign wealth funds worldwide allocate just 2 to 5 percent to Bitcoin, its price could reach $700,000. “If you’re frightened about debasement or local political instability, you have an international instrument called Bitcoin to overcome those fears.” “We could see $500K, $600K, $700K per BTC” the BlackRock CEO noted. He also made sure to mention that he wasn’t “endorsing” Bitcoin, simply predicting its po...

1. Scroll: First Airdrop to Distribute 7% of SCR Total Supply link Scroll has announced its first token airdrop plan, allocating 7% of the total SCR token supply to ecosystem contributors. This airdrop is designed to reward those who have contributed to the development of the Scroll protocol, ecosystem, and community. The airdrop will be distributed across four categories: community airdrop, ecosystem projects, industry contributors, and the global community. Of these, the community airdrop will distribute 55 million SCR tokens (5.5% of the total supply) to users who have actively participated in the Scroll ecosystem through on-chain activities. Additionally, Scroll announced the upcoming launch of the “Sessions 2” program, which will feature an improved Marks system and a new dashboard to reward more participants within the ecosystem. Scroll will also introduce “Scroll Open,” aimed at incentivizing ecosystem development and builders, with winning projects eligible for additional SCR t...