Crypto investment products held firm last week, clocking decent inflows despite ongoing market turmoil caused by fears of an energy crisis fueled by the US-Israel war with Iran. Crypto exchange-traded products (ETPs) recorded $619 million in inflows last week, led by $521 million into Bitcoin (BTC) investment products, CoinShares reported Monday. The gains followed the…
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Bitcoin (BTC) starts the second week of March on the edge, with markets focused on the Middle East. Bitcoin erased its latest breakout attempt and closed the weekly candle below key resistance. Oil volatility and associated inflation pressures are the week’s main focus for traders. Bitcoin has two new death crosses, a firm warning for…
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Australian crypto exchange BTC Markets has notified the country’s securities regulator, the Australian Securities and Investments Commission, of its intention to apply for a markets license to offer regulated tokenized real-world assets (RWAs). “Our plan is to obtain licensing infrastructure that enables particular types of tokenized assets to be offered and available to the public,”…
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Starcloud, an Nvidia-backed orbital data center startup, said it will start mining Bitcoin from space later this year when its second spacecraft is launched, positioning it to become the first company to mine Bitcoin off Earth. Starcloud “will be the first to mine Bitcoin in space,” the startup’s CEO, Philip Johnston, posted to X on…
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Bitcoin’s recent parallel movement with US software stocks is more of a case of shared exposure to macro events, rather than any structural convergence, according to financial services company NYDIG. In the past week, Bitcoin (BTC) rallied alongside US software stocks, leading many to claim the cryptocurrency was a proxy for the sector, Greg Cipolaro,…
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Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, indicated on Sunday that the firm is buying more BTC, as the price hovers near the $66,000 level. “The Second Century Begins,” Saylor said on X, as he shared the Strategy BTC accumulation chart that has become synonymous with impending BTC purchases. Strategy’s most recent…
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Bitcoin (BTC) threatened to cement new resistance into Sunday’s weekly close as traders focused on oil and gold. Key points: Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week. Price remains unable to flip the key trend line back to support as breakouts fail. Oil and gold are seen as the…
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US spot Bitcoin exchange-traded funds recorded their second consecutive week of net inflows, marking the first back-to-back weekly gains in five months. Spot Bitcoin (BTC) ETFs attracted roughly $568.45 million in net inflows this week, according to data from SoSoValue. The products also posted positive flows of about $787.31 million the previous week, showing renewed…
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Former Binance CEO Changpeng “CZ” Zhao said centralized crypto exchanges have “zero motive” to assist terrorists after a US court dismissed a lawsuit accusing the exchange of facilitating terrorist financing. In a post on X, Zhao argued that the economics of crypto trading make such activity illogical for exchanges. “There are absolutely zero (0) motive…
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A group of US lawmakers is uniting to prevent the US central bank from ever issuing a Central Bank Digital Currency (CBDC), warning that proposed legislation only delays it until 2031. “We write to you to express the dire need to prohibit a Central Bank Digital Currency from ever happening in the United States,” US Congressman…
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