Tag: 1.1B

Bitcoin ETFs Bleed $1.1B, Analysts Call ‘Mini’ Bear Market, Pivotal Moment

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US spot Bitcoin exchange-traded funds (ETFs) closed a third straight week in the red, deepening concerns that one of Bitcoin’s biggest institutional demand engines is stalling. Spot Bitcoin (BTC) ETFs saw $1.1 billion in net negative outflows during the past trading week, marking their fourth-largest week of outflows on record, according to Farside Investors data. The ETF outflows occurred during a significant correction, as Bitcoin’s price fell by over 9.9% during the past week, to trade at $95,740 at the time of writing, Cointelegraph data shows. Bitcoin ETF flows (in…

US Bitcoin ETFs Post $1.1B Outflows As BTC Price Struggles Below $100K

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

CleanSpark To Raise $1.1B For BTC mining, AI Data Center Expansion

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Nasdaq-listed Bitcoin mining company CleanSpark is raising capital to expand its mining and data center operations, as major miners pivot toward artificial intelligence (AI) infrastructure. CleanSpark announced a $1.15 billion senior convertible note offering on Tuesday, aiming to raise more capital to expand its Bitcoin (BTC) mining operations. The miner estimates it will raise about $1.13 billion in net proceeds, or $1.28 billion if the initial purchasers exercise their full options to purchase additional convertible notes. The offering is expected to close on Nov. 13, subject to satisfactory closing conditions.…

Satoshi-Era Bitcoin Whale Shorted $1.1B Before Tariff News — Insider Tip?

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Bitcoin and the general crypto market have witnessed another significant downturn this year, with prices falling by double digits in the late hours of Friday, October 10. This bearish pressure started when rumors of a trade war between the United States and China emerged in the early hours of Friday. The downward pressure intensified after US President Donald Trump declared that the US would impose a 100% tariff on Chinese goods. As a result of this announcement, over $5.5 billion was liquidated from the crypto market in less than an…

Bhutan Transfers $107M Bitcoin, With $1.1B BTC Left

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The Royal Government of Bhutan transferred more than $100 million worth of Bitcoin this week, raising concerns about potential sell pressure in the market just as the US Federal Reserve delivered its first interest rate cut of 2025. The Bhutan government-labelled wallet moved 913 Bitcoin (BTC) worth about $107 million into two newly created cryptocurrency wallets on Thursday. The original wallet still holds 9,652 Bitcoin worth over $1.1 billion, according to blockchain data platform Lookonchain. The transfers may indicate Bhutan is preparing to sell a portion of its holdings. If…

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets…

Pantera Unveils $1.1B Solana Treasury — Is Rally Just Beginning?

Key Notes Morehead called Solana the fastest and best-performing blockchain, outperforming Bitcoin over the past four years. Morehead stressed that the Solana blockchain can do a total of 9 billion transactions a day, more than the capital markets. SOL price has gained 22% in the past month, with analysts pointing to a possible breakout above $250 that could trigger a mega rally. Dan Morehead, the founder of Pantera Capital, said in a recent CNBC interview that the firm holds $1.1 billion in Solana SOL $235.4 24h volatility: 0.5% Market cap:…

Philippine Lawmaker Proposes $1.1B Strategic Bitcoin Reserve Act

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The Congress of the Philippines is weighing a proposal that could see the country’s central bank establish a strategic reserve of 10,000 Bitcoin, positioning the country among the first in Southeast Asia to adopt Bitcoin as a strategic asset.  A House of Representatives bill filed by Camarines Sur Representative Migz Villafuerte in June made headlines on Thursday, as it aims to mandate the Banko Sentral ng Pilipinas (BSP), the country’s central bank, to purchase 2,000 Bitcoin (BTC) annually over a five-year period.  The bill, called the “Strategic Bitcoin Reserve Act,”…

Digital Currency Group Sues Subsidiaries Over $1.1B Promissory Note

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Update (Aug. 15 at 11:40 pm UTC): This article has been updated to include a statement from Genesis’ counsel. Venture capital firm Digital Currency Group (DCG), the parent company of many entities tied to cryptocurrency and blockchain, has filed a complaint against two of its subsidiaries over a promissory note to guard against the 2022 default of Three Arrows Capital (3AC). In a Thursday filing in the US Bankruptcy Court for the Southern District of New York, DCG alleged that Genesis Global Capital and Genesis Asia Pacific, both under the…

Galaxy moves another $1.1B to Exchanges

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A long-dormant Bitcoin whale from the Satoshi era has transferred more than $1.1 billion worth of Bitcoin to centralized exchanges in recent hours, raising concerns of a possible market correction during a typically low-liquidity weekend. After holding their stash since 2011, the Satoshi-era whale, or large cryptocurrency investor, first transferred 40,000 Bitcoin (BTC) worth over $4.6 billion on July 15, followed by a second transaction of 40,000 BTC on July 18 to Galaxy Digital, Cointelegraph previously reported. According to blockchain intelligence platform Lookonchain, Galaxy Digital has since moved more than…