Day: February 10, 2025

Japan Wants to Classify Crypto Assets As Financial Products and Lift Ban on Bitcoin ETFs

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Japan is mulling over presenting cryptocurrencies as securities-like financial products to mandate companies to reveal more details and safeguard investors. Crypto Assets to be Classified as Financial Products to Protect Investors Japan’s Financial Services Agency (FSA) is considering significant reforms to its crypto regulations, aiming to classify crypto assets as financial products akin to securities. […] Original

Strategy resumes Bitcoin plan with $742m buy

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Strategy executes its first Bitcoin purchase since rebrand and 2024 Q4 earnings report Business intelligence firm Strategy has allocated an additional $742.4 million to Bitcoin (BTC) after issuing more shares through its at-the-market stock program, according to a filing with the U.S. Securities and Exchange Commission. The company acquired 7,633 BTC for an average spot price of $97,255, increasing its total Bitcoin holdings to 478,740 tokens, valued at over $46 billion. While Strategy has spent $31.1 billion on its BTC acquisition plan since 2020, this marks the first time the…

Bitcoin Turns Bearish Before U.S. Economic Data Release: What’s next?

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Bitcoin’s first bearish signal since October is here. With key U.S. data ahead, traders are on edge — will BTC hold support or break lower? Bitcoin faces uncertainty Bitcoin (BTC) is treading on shaky ground as it struggles to reclaim six figures, with investors bracing for key economic data that could dictate the market’s next move. On Jan. 20, Bitcoin soared to a record $109,114, coinciding with Donald Trump’s inauguration as the 47th U.S. president. Since then, it has dropped about 11%, trading at $97,300 as of Feb. 10. Trump’s…

How High Can Dogecoin Go If Bitcoin Hits $1 Million?

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Este artículo también está disponible en español. Long a wild card in the crypto scene, Dogecoin (DOGE) has been riding the waves of excitement, community passion, and even Bitcoin’s price swings. Related Reading Speculation on the potential price pinnacle of Dogecoin is growing given Bitcoin’s present price hovering at $96,000-97k, and some analysts predicting a whopping $1 million valuation over the next decade. The Course Of Bitcoin Towards $1 Million Several business analysts, including Jack Dorsey and Robert Kiyosaki, have noted Bitcoin’s possible price ascent to $1 million by 2030.…

Microstrategy Resumes Buying Bitcoin, Pushing Total Holdings to 478,740 BTC

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Microstrategy, now Strategy, is doubling down on bitcoin, amassing 478,740 BTC after a bold 7,633 BTC purchase using $742.4 million from stock sales and a preferred stock offering. Microstrategy Now Owns Nearly 500K BTC—Here’s How They’re Paying for It Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR), operating as Strategy, announced updates on its capital markets […] Original

Ethereum faces unprecedented short positioning as short interest spikes 500% since November 2024

Short interest in Ethereum has skyrocketed by 500% since Nov. 2024, raising questions about whether a looming short squeeze could close the widening performance gap with Bitcoin, despite regulatory support. In the past week, short interest in Ethereum has surged by an eye-watering 40%, bringing the total increase to a staggering 500% since November 2024, according to The Kobeissi Letter, an industry leading commentary on the global capital markets. What is happening with Ethereum? Short positioning in Ethereum is now up +40% in ONE WEEK and +500% since November 2024.…

5 Meme Coins to Explode as ETH’s Record-Breaking $883M Inflow Ignites Bull Run

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Word on the street is that Ethereum is ready for an early Christmas. The cryptocurrency’s accumulation addresses received a whopping $883M on February 7 – the highest daily inflow ever. Moreover, long-term holders are now holding over $19.24M worth of $ETH, which is also a record. This number, by the way, has jumped 20.55% in 2025, which, combined with the fact that $ETH’s price has dropped by 20.75% this year, reflects investors’ confidence in Ethereum. Simply put, an increasing number of investors are HODLing Ethereum, expecting a big move in…

University Endowments Join Crypto Rush, Boosting Meme Coins like Meme Index

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Este artículo también está disponible en español. It’s hardly news that among the promises President Donald Trump made in the run-up to his election was to make the US a Bitcoin superpower, igniting the US crypto rush and the resurgence of meme coins. ‘I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,’ Trump said in his keynote address at the Bitcoin 2024 conference held in Nashville, Tennessee. ‘And we’ll get it done.’ What’s…

Meme Coin Hype Mounts as University Endowments Join US Crypto Rush University endowments join crypto rush, boosting meme coins

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It’s hardly news that among the promises President Donald Trump made in the run-up to his election was to make the US a Bitcoin superpower, igniting the US crypto rush. ‘I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,’ Trump said in his keynote address at the Bitcoin 2024 conference held in Nashville, Tennessee. ‘And we’ll get it done.’ Trump has since appointed David Sacks as the White House AI and crypto czar,…