A recent social media post by President Santiago Peña announcing the enactment of bitcoin as Paraguay’s legal tender, shook the crypto community. Nonetheless, this turned out to be a scheme by attackers who gained control of the account and tried to take advantage. Attackers Compromise Paraguay’s President X Account, Announce Bitcoin as Legal Tender Paraguay […] Original
The Trump-affiliated firm American Bitcoin disclosed in a recent U.S. Securities and Exchange Commission (SEC) filing that it has acquired “approximately 215 bitcoin” to bolster its reserves. American Bitcoin’s Crypto Bet Grows American Bitcoin, a mining venture established in early 2025, emerged through a collaboration between Hut 8—a North American digital asset mining firm—Eric Trump, […] Original
American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr., has accumulated 215 Bitcoin, worth nearly $24 million, since launching operations on April 1, according to a June 6 SEC filing. The company, known formally as ABTC, intends to go public later this year through a stock-for-stock merger with Gryphon Digital Mining. The filing outlines ABTC’s unconventional approach: Bitcoin (BTC) ownership isn’t a byproduct of mining—it is the business. The firm describes its strategy as “layered,” focusing on producing Bitcoin below market cost, leveraging capital to expand…
Trump administration officials met with the Chinese delegation in London for the second day on Tuesday, as the two countries seek to strike a trade deal in the aftermath of a contentious tariff war. Will US-China Trade Talks Be the Catalyst for Bitcoin’s $110K Breakthrough? The world’s two largest economies have been locked in a […] Original
A newly confirmed bearish shark harmonic pattern has formed on Bitcoin’s intraday chart, pointing to a potential retracement in the short term. With the value area high now under pressure and volume metrics signaling a lack of strong buyer commitment, Bitcoin may be setting up for a healthy pullback into deeper volume-supported zones. Bitcoin’s (BTC) latest move higher has brought it into technically significant territory, but not without warning signs. A bearish shark harmonic has emerged, suggesting a possible reversal following the recent grind to local highs. As price tests…
Ethereum is gaining momentum as institutional investors begin to diversify away from Bitcoin, according to analysts at B2BINPAY. Ethereum (ETH) is showing signs of a potential bull run, as institutions prepare to diversify from Bitcoin (BTC). On June 10, B2BINPAY analysts shared their insights with crypto.news, the same day Ethereum reached a record level of staking balance. According to data from beaconcha.in, the amount of staked Ethereum hit an ATH of 34.65 million ETH, accounting for 28.7% of the total circulating supply. This milestone coincided with an 8% increase in…
Mortgage-backed securities massively contributed to the 2008 financial crisis. According to some observers, Bitcoin, created as a response to this crisis, started to resemble MBS as a large part of the Bitcoin market is now represented by “paper” Bitcoin or sophisticated Bitcoin derivatives. How accurate is that? Should we get ready for another fundamental shakeout? Crisis of 2008 The 2008 financial crisis was a product of several simultaneous misfortunes and disproportions. One of the factors that made it possible was the development of extremely complex trading instruments. Securitization is the…
Bitcoin is trading at $109,748 to $109,818 at 9:15 a.m. ET as of Tuesday, June 10, 2025, with a market capitalization of $2.18 trillion and a 24-hour trade volume of $38.10 billion. The cryptocurrency’s intraday price range has fluctuated between $107,115 and $110,282, suggesting continued volatility amid key resistance levels. Bitcoin On the daily chart, […] Original
Bitcoin price could be on the cusp of a strong bullish breakout, potentially reaching $143,000 after forming a cup-and-handle pattern, as market participants anticipate a supply squeeze. Bitcoin (BTC) was trading at $109,860 on Tuesday, up nearly 10% from its lowest point this month and 50% above its April low. Santiment data indicates that Bitcoin could face a supply squeeze as demand rises. The supply of Bitcoin on exchanges has dropped to 1.18 million, its lowest level since December 2017. This supply peaked at 3.25 million in March 2020 and…
Bitcoin ETFs reversed course with a powerful $386 million inflow, breaking a two-day outflow streak and pushing net assets back over $130 billion. Meanwhile, ether ETFs extended their historic streak with a 16th consecutive day of net inflows, adding another $52.71 million. Crypto ETF Momentum Returns: Bitcoin Reclaims $130 Billion AuM As Ether Keeps Surging […] Original