Singapore-based crypto firm BTC Digital Ltd. (Nasdaq: BTCT), launched its strategic bitcoin ( BTC) and ether ( ETH) reserve programs on Monday, according to a press release. The company says it finished setting up its $1 million ether reserve last week and has now completed the set up for its bitcoin reserve, also worth $1 […] Original
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SUI is attempting to reclaim a crucial resistance level after its massive performance over the past few weeks. As it breaks out of a triangle formation, some analysts suggest that a rally to a new all-time high (ATH) could be around the corner. Related Reading SUI Breaks Out Of Multi-Month Pattern On Tuesday, SUI broke above the $4.00 resistance for the first time since May, hitting a two-month high of $4.10. The altcoin has seen an 81% surge over the past three weeks, recovering from the June retracement and setting…
Welcome to Latam Insights Encore, a deep dive into Latin Americaโs most relevant economic and crypto news from the past week. This edition explores how the U.S. Senate is weaponizing bitcoin against El Salvador in a politicized attempt to sanction Bukele’s administration on alleged human rights violations. Latam Insights Encore: U.S. Senate Weaponizes Bitcoin Against […] Original
President Donald Trump ignites new momentum for the GENIUS Act with a last-minute comeback deal, reigniting hopes for sweeping digital asset regulation amid GOP internal upheaval. Trump Announces Breakthrough on GENIUS Act President Donald Trump announced on social media platform Truth Social on July 15 that after a failed procedural vote on the GENIUS Act [โฆ] Source CryptoX Portal
Shares in crypto mining service provider BitMine Immersion Technologies rallied 12.5% after the bell on Tuesday as billionaire venture capitalist Peter Thiel scooped up an over 9% stake in the firm. Thiel bought 5.09 million shares in BitMine through various arms of his venture capital firm Founders Fund amounting to a 9.1% stake, according to a regulatory filing on Tuesday. Thiel is best known for co-founding payments giant PayPal and software firm and defence contractor Palantir Technologies. His estimated net worth stands at $22.7 billion, making him the 92nd richest…
Bitcoin has retraced slightly after hitting a new all-time high near $123,000 as miners appear to be locking in profits. Bitcoin (BTC) has dropped roughly 5% from its most recent peak and is trading at about $117,538 as of press… Original
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Cantor Fitzgerald is reportedly in talks with Adam Back co-founded blockchain company Blockstream, to acquire over $3 billion in Bitcoin through a SPAC deal. According to multiple news reports citing unnamed sources, Blockstream is expected to contribute up to 30,000… Original
Bitcoin’s recent price momentum has encountered a pause following the latest US Consumer Price Index (CPI) release, which showed inflation rising to 2.7% in June. The inflation increase appears to have affected investor sentiment. After reaching a new high above $123,000 on Monday, Bitcoin has since declined by roughly 5.4% from that peak, with its price currently trading just above $116,000. The broader crypto market also reacted to the news, with the global crypto market cap valuation dropping by nearly 7% in the past day amid renewed uncertainty about future…