Bitcoin treasury adoption by public companies has become the new altcoin season for cryptocurrency speculators, Adam Back said on Monday. Bitcoin (BTC) treasury season “is the new ALT SZN for speculators,” said Back, co-founder and CEO of Blockstream and the inventor of Hashcash.“Time to dump ALTs into BTC or BTC treasuries,” he added. Bitcoin treasury…
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Ether whales are betting hundreds of millions of dollars on the price recovery of the world’s second-largest cryptocurrency despite geopolitical tensions that are sidelining investors and dampening risk appetite. One whale (a large cryptocurrency investor) has opened an Ether (ETH) long position of over $101 million with 25x leverage at the entry price of $2,247,…
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Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income. A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices.…
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Parataxis Holdings, an affiliate of digital asset-focused investment firm Parataxis Capital Management, is set to launch a Bitcoin-native treasury platform in the South Korean public market. The firm announced on June 20 that it had entered a definitive agreement to invest 29 billion South Korean won ($18.5 million) into Bridge Biotherapeutics, a publicly traded biotech…
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BlackRock’s spot Bitcoin exchange-traded fund (ETF) is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing. BlackRock, the world’s largest asset manager, has acquired over $69.7 billion worth of Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT) ETF, representing over 3.25%…
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Nasdaq-listed Lion Group Holding (LGHL) is establishing a $600 million cryptocurrency treasury reserve, with the Hyperliquid (HYPE) token as its main asset, signaling a growing institutional interest in altcoins beyond Bitcoin. The Singapore-based trading platform said it secured a $600 million facility from ATW Partners to fund the launch of its Hyperliquid (HYPE) token treasury…
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Stablecoin adoption among United States banks and financial institutions may accelerate following the passage of new legislation in the Senate. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act passed the US Senate in a 68–30 Tuesday vote, Cointelegraph reported. The bill aims to set clear rules for stablecoin collateralization and mandate…
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Genius Group, a Singapore-based artificial intelligence education company, expanded its corporate Bitcoin treasury by more than 50% amid increasing institutional adoption of the world’s first cryptocurrency. Despite a previous ban on the Nasdaq-listed firm’s corporate accumulation, Genius Group increased its Bitcoin (BTC) treasury by 52%, acquiring an additional 34 BTC during the past month. This brings…
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El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included provisions discouraging further accumulation. The government’s treasury wallet currently holds 6,209 Bitcoin (BTC) after acquiring a total of 240 BTC since Dec. 19, 2024,…
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Tether, issuer of the world’s largest stablecoin, USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space. Tether froze the USDt (USDT) at 9:15 am UTC Sunday on Tron, blockchain data from Tronscan showed. While Tether has not issued a public statement,…
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