2 key Bitcoin indicators have ‘cooled off’ — Why it could be bullish
The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.” Source link
Buy altcoins now, but sell before ‘mid-2025’: Charles Edwards, X Hall of Flame
Crypto analyst Charles Edwards believes we’ve entered “the 12-month window” to make altcoin profits: X Hall of Flame. Source link
Bitfinex database breach 'seems fake,' says CTO
Bitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he “couldn’t find any request.” Source link
Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders
The inverse head and shoulders pattern forming “would make sense” if Bitcoin doesn’t “break straight through” to $67,500, according to a crypto trader. Source link
Grayscale’s GBTC stops bleeding: First inflow since launch
Grayscale Investments’ GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January. Source link
Former Cred execs face wire fraud and money laundering charges
After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8. Source link
Bitcoin selling pressure to ease? M2 money supply flips positive
Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin. Source link
BTC price chart seen mirroring US spot Bitcoin ETF launch pattern
Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around. Source link
FTX debtors will assess values of crypto claims based on petition date market prices
The debtors of the now-defunct cryptocurrency exchange FTX have filed the amended Chapter 11 plan of reorganization which indicates the value of customer asset claims will be retroactively set to the time when the exchange collapsed in November 2022. In a recent court filing in the United States Bankruptcy Court for the District of Delaware…
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Grayscale mulls over potential tax implications for spot Bitcoin ETFs
Grayscale is evaluating the possible tax consequences associated with spot Bitcoin (BTC) exchange-trade funds (ETF), prompted by inaccurate reports circulating about unfavorable tax implications. In a series of posts on X (formerly Twitter), Grayscale clarifies that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to incur tax implications when the fund sells…
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