Recent price movements, which have seen the top cryptocurrency drop despite tangible positive market action amid the current geopolitical headwinds, have given rise to allegations regarding the presence of paper bitcoin in the market. Paper Bitcoin Allegations Surge Again as Price Falls The concept of paper bitcoin, which encompasses the existence of bitcoin held by […] Original
Bitcoin treasury adoption by public companies has become the new altcoin season for cryptocurrency speculators, Adam Back said on Monday. Bitcoin (BTC) treasury season “is the new ALT SZN for speculators,” said Back, co-founder and CEO of Blockstream and the inventor of Hashcash. “Time to dump ALTs into BTC or BTC treasuries,” he added. Bitcoin treasury firms are buying BTC “on repeat to increase Bitcoin per share,” tapping into different funding methods such as convertible note offerings to accumulate more of the world’s first cryptocurrency, making them attractive for investors,…
Norwegian firm Green Minerals announced its ambitious target of raising $1.2 billion with the help of its corporate partners. The goal behind the capital raise is to establish a Bitcoin treasury. According to a recently published press release, the Norwegian mining firm has decided to adopt a Bitcoin (BTC) treasury strategy in addition to its overall blockchain strategy. The company aims to raise enough funds to establish its own Bitcoin strategy with the help of its corporate partners. According to the release, the company has set its target at $1.2…
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Metaplanet, Japan’s top Bitcoin corporate treasury company, announced Monday that it has purchased an additional 1,111 Bitcoin, bringing its total holdings to 11,111 BTC. According to a Monday regulatory filing, Metaplanet’s total holdings have reached 11,111 Bitcoin (BTC), putting the company’s BTC holdings within striking distance of Tesla’s current Bitcoin stash of 11,509 BTC. Source: Metaplanet Metaplanet spent 17.26 billion Japanese yen (about $117 million) on the purchase, paying an average of just under $105,500 per coin. As of Monday, Bitcoin was trading just under $102,000 — about 3.3% below…
Key Notes Two whales recently dumped over $5.5 million worth of AAVE, fueling the downturn. AAVE’s market cap dropped by nearly $900 million over the past week. Analyst forecasts a +168% breakout if its long-term wedge pattern plays out. AAVE $231.0 24h volatility: 1.1% Market cap: $3.50 B Vol. 24h: $581.68 M has seen a sharp 20% price drop over the past week, currently trading near $232.6. The downturn has wiped nearly $900 million off its market cap, which now stands at around $3.52 billion. The sudden sell-off has been…
Cryptocurrency investment products continued to attract strong investor interest last week despite major crypto assets like Bitcoin and Ether posting notable price drops. Global crypto exchange-traded products (ETPs) recorded $1.24 billion of inflows for the trading week ending Friday, CoinShares reported on Monday. With the latest inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historic high at $15.1 billion, said CoinShares’ head of research, James Butterfill. Total assets under management (AUM) in crypto ETPs also edged up to $176.3 billion from last week’s $175.9 billion. Bitcoin…
Ether whales are betting hundreds of millions of dollars on the price recovery of the world’s second-largest cryptocurrency despite geopolitical tensions that are sidelining investors and dampening risk appetite. One whale (a large cryptocurrency investor) has opened an Ether (ETH) long position of over $101 million with 25x leverage at the entry price of $2,247, according to blockchain data from Hypurrscan. The investor generated over $900,000 in unrealized profit, but paid over $2.5 million in funding fees. His position stands to be liquidated if Ether’s price falls below $2,196. Whale…
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. With Bitcoin precariously recovering above the $100,000 mark and altcoins bleeding momentum, traders are asking the obvious: Is the crypto bull run over? According to systematic trader Adam Bakay (@abetrade), the answer is not so clear-cut.…
Bitcoin (BTC) enters the last week of June with geopolitics at a key crossroads and macro volatility to match — where will BTC head next? Bitcoin traders are bracing for new lows as exchange order book liquidity shifts toward the $90,000 mark. The latest developments in the Middle East sparked knee-jerk reactions on crypto, oil and stocks futures, but analysis notes that no “long-term conflict” is being priced in. A big week for the US Federal Reserve sees its “preferred” inflation gauge follow two days’ testimony to lawmakers by Chair…