3 Clues Big Money is Favoring Ether Over Bitcoin

The futures and options market, a proxy for big money, is increasingly backing ether over bitcoin in a major market shift. Bitcoin, the leading cryptocurrency by market capitalization, recently reached record highs of over $ 110,000. According to CoinDesk data, the cryptocurrency has gained over 16% this year, drawing strength from the macroeconomic factors and persistent inflows into the spot bitcoin exchange-traded funds. Meanwhile, ether has dropped 20% this year despite its parent blockchain, Ethereum, maintaining its pole position in the decentralized finance (DeFi) and tokenization markets. The performance gap,…

US Eyes More Bitcoin as ETFs Hit 6-Month High

Key Notes The US government may explore Bitcoin purchases under a budget-neutral mandate. Bitcoin ETFs have recorded over $5.7 billion in inflows in May, the best performance since November 2024. Despite record highs, retail investors remain largely inactive, and long-term holders are increasing BTC outflows. David Sacks, the White House’s designated crypto and AI czar, revealed during a fireside chat at the Bitcoin 2025 conference that the US government could explore additional Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B purchases, provided the…

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Australian Regulator Sues Blockchain Global Ex-Director

Key Notes ASIC sues former Blockchain Global director for breaching director duties. Allegations include misuse of ACX Exchange customer funds. Guo left Australia after the travel ban expired and hasn’t returned. The Australian Securities and Investments Commission (ASIC) has filed civil proceedings against Blockchain Global’s former director, Mr Liang “Allan” Guo. The filing states that Guo allegedly committed “multiple breaches of his directors’ duties.” ASIC disclosed in a press release dated May 28 that Mr. Guo had breached his duties as a director by conducting transactions involving ACX Exchange customer…

Trump Media’s Stock Drops Despite $2.5 Billion Bitcoin Treasury Announcement

Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking one of the largest allocations of Bitcoin treasury assets by a public company. However, the announcement was met with a mixed market response, as shares of Trump Media closed 10% lower on the same day. Trump Media Secures $2.5 Billion For Bitcoin Treasury The substantial funding includes $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds designated for the purchase of bitcoin, which will now be a core asset in…

Metaplanet to Buy More Bitcoin via 0% Bond Issuance

Japanese financial firm Metaplanet is preparing to acquire another batch of Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B with a new debt offering. The company plans to raise $50 million through zero-interest bonds to boost its Bitcoin holdings. Notably, the firm said it has secured Evo Fund as the sole subscriber to the proposed bond issuance. Terms of Metaplanet’s Latest Bond Issuance The company announced the private placement of bonds on May 28, stating that the bonds are issued in $1.25 million…

El Salvador Secures $120M IMF Payment Amid BTC Buys

Key Notes The IMF emphasized that government-owned Bitcoin holdings must remain unchanged. Despite IMF conditions, El Salvador’s Bitcoin Office revealed the purchase of 30 BTC in the past month, bringing its reserves to 6,190.18 BTC. While adhering to the IMF performance criteria, El Salvador may explore non-governmental entities for Bitcoin acquisition. El Salvador, the first country to make Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B a legal tender, has successfully secured a $120 million payment from the International Monetary Fund (IMF), following…

Inverse James Wynn Nets $9M — BTC’s Top Signal?

Key Notes An anonymous trader has been making profits by inverting James Wynn’s trades. The trader has made $9 million in the past week. Wynn is already down $4.5 million on his latest trade. Betting against billionaire trader James Wynn might not seem logical to most, but an anonymous trader has been making huge profits from it. According to data from HyperDash, the “0x2258” address has made a $9 million profit while betting against Wynn’s moves over the past seven days. When Wynn went long, trader 0x2258 placed a short…

AMINA Bank Posts Record $40.4M Revenue in 2024

Swiss crypto bank AMINA Bank AG, formerly SEBA Bank AG, reported record financial results for 2024, with revenue climbing 69% year-over-year to $40.4 million. The bank also saw its assets under management (AUM) rise by 136% to $4.2 billion, driven by institutional demand and strategic expansion, according to a May 28 news release. The Zurich-based bank credited the growth to its multi-jurisdictional footprint, 24/7 trading capabilities and a lending book that has maintained zero defaults over five years. “I’m incredibly proud of our team’s tenacity and focus, which led to…