Tag: Report

Bitcoin HODLers book profits post-$100k ATH: report

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Long-term Bitcoin holders took profits following BTC’s rally to a $104,000 all-time high, CryptoQuant data showed. According to the analytics provider, the long-term holder spent output profit ratio, which tracks entry price versus selling price, increased after Bitcoin (BTC) crossed $100,000. The LTH-SOPR hit four on CryptoQuant’s chart, indicating that sellers made four times the amount spent on initially acquiring their Bitcoin. This suggests that recent sellers invested around the $20,000 level. BTC has not traded at this price since the market doldrums of 2022. LTH-SOPR metric as BTC investors…

Bitcoin exchange holdings decline to multi-year low: report

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Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin (BTC) from leading crypto exchanges since Donald Trump’s victory in the U.S. presidential election. Mass withdrawals shorten the supply available for sell-offs, often signaling a long-term investment plan adopted by holders. While data showed staggering Bitcoin exchange outflows after President Trump’s victory, the trend extends back to 2021. Bitcoin exchange reserves steadily dwindled since crypto’s previous peak, marking…

Crypto firms in Norway’s wealth fund face ethics probe in 2025: report

Norway’s sovereign wealth fund’s ethics council will reportedly conduct investigations into crypto and gambling firms listed in the fund’s portfolio, including Binance and Marathon Digital, over money laundering risks. According to an exclusive Reuters report, crypto firms are included among the companies listed in the Norwegian sovereign wealth fund subject to an investigation by the fund’s ethics council. The Norwegian sovereign wealth fund is the largest sovereign wealth fund in the world, with $1.8 trillion in investments. It owns 1.5% of listed shares in 8,700 companies across the globe. This…

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week. Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January. Key…

US Imposes Import Restrictions on Bitmain ASICs: Report

The U.S. Customs and Border Protection Agency has halted imports of certain Antminer ASICs produced by Bitmain. Bitmain Rivals Spared The U.S. Customs and Border Protection Agency (CBP) has reportedly been blocking imports of Bitmain made Antminer ASICs. The border agency, which has not provided reasons for the blockade, is believed to be acting on […] Source CryptoX Portal

US detaining Bitcoin mining equipment at border: report

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U.S. Customs and Border Protection, at the request of the Federal Communications Commission, has been detaining imports of Bitmain’s Antminer ASIC miners at ports nationwide for up to two months. The delays have impacted seven U.S.-based Bitcoin (BTC) mining companies without answers, according to a report from Blockspace. The detained models include the S21 and T21 series miners. CBP has not disclosed the reason for the detentions or provided a timeline for resolution. Some affected companies have reported daily holding fees exceeding $200,000. The holds do not appear to target…

Bybit and Block Scholes Report Hail Donald Trump as America’s Crypto President

Donald Trump’s victory signaled a vital shift in crypto sentiment, moving from cynicism to a defiant belief in the growth of cryptocurrencies in the U.S. Crypto to Witness Massive Gains Under Trump Presidency Bybit, a cryptocurrency exchange, and Blocks Scholes published their latest institutional report with key takeaways from the U.S. election and the crypto […] Source CryptoX Portal

Donald Trump’s Media Company in Advanced Talks To Buy Crypto Trading Exchange Bakkt: Report

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A social media company that’s majority-owned by US President-elect Donald Trump is reportedly in talks to acquire Bakkt, a crypto trading and custody firm backed by Intercontinental Exchange Inc. The Financial Times, citing “two people with knowledge of the talks,” reports that the Trump Media and Technology Group, which operates Truth Social, a microblogging platform, is in the advanced stage of talks to acquire Bakkt for an undisclosed amount in an all-stock deal. As of the market close on November 18th, Trump Media & Technology Group Corp (NASDAQ: DJT) had…

Crypto Influencer Kevin Mirshahi Found Dead in Montreal Park: Report

The 25-year-old has been missing since he was abducted along with three others from a condo in the city on June 21. The other abductees, two women and one man, were located by police hours later. In August, Joanie Lepage, 32, was charged with first-degree murder of Mirshahi and the abduction of Mirshahi and the three others. It is not known if her actions are linked to Mirshahi’s cryptocurrency ventures. Source