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| Plus, oil futures and Saylor's strategy. |
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Your weekly roundup of the ๐ฅhottest news in crypto: |
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A Week in Review: Kevin Warsh sworn in as Fed chair, Bitcoin ‘Pizza Day’ was 16 years ago, and other news |
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#1Kevin Warsh sworn in as Fed chair, as traders forecast rate hikes in 2026Kevin Warsh was sworn in on Friday as the chairman of the United States Federal Reserve, but investors and traders still forecast no interest rate cuts for the rest of 2026. Speaking at the ceremony, US President Donald Trump said that Warsh will remain “independent” of the Executive Branch regarding interest rate policy, and claimed that employment numbers are at record levels. “Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that’s a good thing,” Trump said. He added: “We do have some debt we would like to take care of, and the way you do that is through growth. We are going to grow our way out of it so fast.”
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#2Bitcoin ‘Pizza Day’ was 16 years ago, here’s how much that BTC is worth todayThe Bitcoin community celebrated the 16th anniversary of “Pizza Day” on Friday, marking the first recorded commercial Bitcoin transaction, in which real-world goods were purchased with Bitcoin. In May 2010, software developer Laszlo Hanyecz published an online post offering 10,000 BTC, which was valued at about $41 at the time, in exchange for two Papa John’s pizzas. At current market prices, the BTC is worth more than $767 million, and at the all-time high of about $126,000 reached in October 2025, the 10,000 BTC was valued at more than $1.2 billion. Nischal Shetty, the founder of crypto exchange WazirX, said: “Bitcoin Pizza Day is one of the most important moments in crypto history because it transformed Bitcoin from an internet experiment into a real economic network. It was actually the first proof that a decentralized digital asset could facilitate real-world commerce.”
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#3
NYSE owner ICE to launch oil-linked futures with OKXIntercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), is working with crypto exchange OKX to launch trading of oil-linked perpetual futures. OKX said Friday it plans to introduce perpetual futures based on ICE’s Brent crude and West Texas Intermediate (WTI) crude benchmarks, two of the world’s most widely used oil price indicators, according to a release shared with Cointelegraph. “These new OKX perpetual contracts, based on ICE’s deep, liquid, transparent, and global oil markets, allow OKX’s customer base […] to access energy benchmark products,” said Trabue Bland, ICE’s senior vice president of futures exchanges.
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Prediction of the week
‘Not unlikely’ Strategy will sell Bitcoin in 2026: Michael SaylorStrategy chairman Michael Saylor has not ruled out the company offloading some Bitcoin as early as this year, after recently softening his long-held “never sell” stance. “I think it’s not unlikely that we’ll sell some Bitcoin between now and the end of the year,” Saylor said during an interview with Natalie Brunell published to YouTube on Friday. Saylor said it is “also likely” that the company will sell a mix of equity and credit and manage its USD and cash holdings. “We do it in a very thoughtful programmatic fashion where we’re running our multivariate models, and we’re literally running them,” Saylor said, noting the company is focused on long-term outcomes out to 2033: “Ultimately, the way to think of it is seven years out, we would like to have maximized our Bitcoin per share,” Saylor said.
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FUD of the week
Galaxy’s Novogratz speaks in court over failed $1.2B BitGo deal: ReportGalaxy Digital founder Mike Novogratz appeared in court on Tuesday to face off against BitGo CEO Mike Belshe in a long-running legal fight over a failed proposed $1.2 billion merger in 2021. The planned deal was the largest-ever crypto merger at the time, set to create a massive conglomerate offering a suite of services at a time when investor interest in crypto was high. Galaxy called off the deal in August 2022 as the crypto market was reeling from the collapse of the Terra ecosystem. BitGo has asked Galaxy to pay a $100 million fee for pulling out of the deal and also hid it was being probed by US authorities, while Galaxy has claimed BitGo failed to provide financial information on time.
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FUD of the week
Accused attackers of Sandbox exec’s wife tried to flee via UberTwo of the six men accused of attempting to kidnap the wife of Sรฉbastien Borget, the co-founder of The Sandbox, were arrested after calling an Uber to flee the scene, according to local reports. One of the attackers, disguised as a delivery driver, allegedly convinced Borget’s wife to open the gate at their home in the รle-de-France region in northern France. Then five masked accomplices rushed into the courtyard and tried to force her into a nearby car, Le Journal du Dimanche reported Thursday. Neighbors intervened, forcing the attackers to flee. Four escaped in the vehicle, while two others fled on foot and ordered an Uber, which was then intercepted by the Meaux Anti-Crime Brigade, according to Le Journal du Dimanche. The two suspects were allegedly found with a replica handgun, cable ties and balaclavas.
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