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Key takeaways:Spot Bitcoin ETF inflows and low leverage suggest the BTC rally has room to grow.US Federal Reserve liquidity and weak bond sales support a Bitcoin push beyond $110,000.Bitcoin was unable to sustain its bullish momentum after reaching a new all-time high of $109,827 on May 21, which l…
Strive Asset Management has announced an initiative to build a 75,000 Bitcoin (BTC) treasury by buying claims from the bankrupt crypto exchange Mt. Gox.These claims, valued at about $8 billion at current market prices, have been legally approved but have yet to be distributed.Mt. Gox’s Bankruptcy Cl…
Vivek Ramaswamy’s Strive is attempting to buy Bitcoin at a discount from sources like Mt. Gox’s estate. This deal is still in its earliest stages, and the exact price and quantities of BTC involved are not certain.Mt. Gox has roughly 75,000 Bitcoins in its holdings, but is planning to reimburse its …
Key takeaways:An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, proving the bull market continues at a rapid pace.Over $3 billion in Bitcoin short positions are vulnerable above $107,000, creating a “liquidation magnet” that could send BTC price to new high…
The recent bitcoin (BTC) rally has been characterised by a series of impulsive moves and well-defined consolidation phases. However, one thing that stood out during the surge was the active participation of spot traders.According to the latest edition of the Bitfinex Alpha report, BTC has been throu…
CME Group, the largest derivatives marketplace in the U.S., debuted XRP futures for trading on Sunday, the group's fourth cryptocurrency product following the launches of BTC, ETH, and SOL futures. More than $19 million in notional volume traded on the first day, CME Group said Tuesday.CME Group XRP…
The $330 million attack: A stark reminder of social engineering’s power A major crypto theft has sent shockwaves through the industry, with $330 million worth of Bitcoin stolen. Experts say this was a social engineering attack and not a technical hack. Investigations led by blockchain analyst Zac…
Indonesian fintech firm DigiAsia saw its Nasdaq-listed stock jump 90% after the company announced plans to raise up to $100 million to purchase Bitcoin.In a statement released Monday, DigiAsia said its board of directors approved its decision to establish a Bitcoin treasury reserve, which the compan…
Key points:Bitcoin gained 3% to above $105,000 on May 20, fueled by high open interest in the futures market and increasing institutional demand.A classic bullish pattern is in play, targeting BTC price at $138,000 and beyond.Bitcoin is up today, rising over 3% in the last 24 hours to over $105,500…
A recent survey by the Nakamoto Project, a nonprofit Bitcoin education and advocacy group, has revealed that four out of five Americans want some US gold reserves converted to BTC.The survey of 3,345 respondents asked: “Assuming the United States was thinking of converting some of their gold reserve…
Key points:Bitcoin is not in line to cancel its attack on all-time highs, says the Bitcoin Fundamental Index (BFI).BTC price strength remains “intact,” says Swissblock Technologies, removing the risk of a double top.Historically, a return to within 10% of all-time highs delivers price discovery almo…
TL;DRThe Deal’s SpecificsThe popular cryptocurrency exchange Crypto.com shook hands with the investment management firm Canary Capital to establish the Canary CRO Trust.The financial vehicle is designed explicitly for eligible individual and institutional accredited investors in the United States an…