Day: April 24, 2025

Metaplanet Hits 5K BTC as Price Steadies

Key Notes Japanese investment company Metaplanet Inc added 145 BTC, pushing total holdings past 5,000 coins. The firm aims to reach 10,000 BTC by the end of 2025. Despite the buy-up, the Bitcoin market shows signs of consolidation, with traders split in direction. Tokyo-listed investment firm Metaplanet has surpassed 5,000 Bitcoin BTC $92 491 24h volatility: 1.2% Market cap: $1.84 T Vol. 24h: $36.92 B in its portfolio, marking an essential step in its long-term strategy for digital assets. This latest purchase brings the company halfway to its goal of…

Bitcoin exchange outflows mimic 2023 as whales buy retail ‘panic’

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Key points: Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows. Whales are particularly active buyers this month, while retail shows classic “panic selling.” Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear market as user inflows dry up this year. Data from onchain analytics platform CryptoQuant reveals exchanges’ average net flows hitting two-year records. Bitcoin analysis eyes “reaccumulation of assets” Bitcoin may be trading significantly higher than…

Revolut profits hit £1B in 2024.

Key Notes Revolut doubled profits from £438 million in 2023 to £1 billion in 2024. The fintech company secured its UK banking licence in 2024. The growth in profit is linked to new users, a banking licence, and a growth in crypto trading. Revolut, a fintech company, has doubled its profit to £1 billion ($1.3 billion) in the fiscal year of 2024. The company reported that this rise in profit was linked to tremendous growth in the crypto trading activities, an increase in new users, as well as securing the…

Bitcoin Must Weekly Close Above This Level, Analyst Warns

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. This week’s market recovery has seen Bitcoin (BTC) surge over 10% to retest a key barrier for the first time in weeks. Amid this performance, some analysts suggest that…

Coinbase Provides $100 Million Credit Facility to Bitcoin Mining Company Riot Platforms

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Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives and […] Original

Bitcoin Buyers Take Control on Binance, But Funding Rates Flash a Warning

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

New Hampshire Bitcoin Reserve Bill passed Senate committee

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New Hampshire’s move toward integrating digital assets into its financial strategy took a step forward this week as House Bill 302, which would enable the state to invest in Bitcoin and precious metals, passed its second Senate committee. The bill, first introduced in January, has now cleared four major legislative stages. HB302 began with a 16–1 vote in the House Commerce and Consumer Affairs Committee, followed by passage in the full House on April 10 by a narrow 192–179 margin. After being referred to the Senate, the bill was reviewed…

Trump Meme to Host White House Dinner and Lightchain AI Presale Nearing Completion

This content is provided by a sponsor. PRESS RELEASE. Cryptocurrencies, meme coins, and artificial intelligence are at the center of a buzzing intersection, creating businesses and amusing stories that are captivating worldwide audiences. Two recent developments have stirred significant excitement among crypto enthusiasts, meme lovers, and AI followers alike. Donald Trump, in conjunction with the […] Source CryptoX Portal

DeFi platform KiloEx to compensate users impacted by $7.5M hack

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Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April. In an April 24 announcement, KiloEx said traders who had positions open while the platform was suspended would get full compensation if their losses increased or profits decreased. The platform said it would pay the difference.  KiloEx urged traders to close their positions immediately once the platform resumes operations, as delaying could affect their profit and losses, which may then impact the compensation amount.…