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Tony Paquette will reportedly assume the chief financial officer position as Alex Loffe transitions into a new role.
Bitcoin could reach $180,000 by the end of 2025, the asset manager said.
According to Morpho Labs co-founder Merlin Egalite, Polygon could collect a 7% yield on its stablecoin holdings at current rates.
The purchase came amid reports that the Bitcoin mining company was under pressure from activist investor Starboard Value.
The transaction involved tokenized bonds issued on the Ethereum blockchain as collateral in exchange for CBDC issued by the Banque de France.
BTC miners have reaped the benefits in 2024, but their earnings are tiny compared to Bitcoin’s giant market cap.
Bitcoin could reach a cycle top of over $160,000 on continued interest rate cuts and macroeconomic improvements in 2025, analysts have predicted.
Hardware wallet provider Ledger has linked a recent loss of funds by one of its users to a phishing attack in February 2022.
An interest rate cut by the Federal Reserve could help Bitcoin finish the year at “record-breaking levels,” according to Bitfinex’s head of derivatives.
Dogecoin repeats its bullish 2021 fractal, with whales piling in and Elon Musk’s influence sparking speculation of an 85% rally next.
