Fireblocks Trust Company, a New York State-regulated custodian under the Fireblocks platform, has partnered with Galaxy, Bakkt, FalconX and Castle Island to expand institutional-grade crypto custody. Operating under New York Department of Financial Services (NYDFS) oversight, the company is rolling out a custody framework to meet soaring institutional demand for regulated digital asset infrastructure spanning…
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Key takeaways: Bitcoin onchain data shows no signs of overheating, despite reaching an all-time high of $126,000. Bitcoin cup-and-handle pattern targets $300,000, backed by multiple factors. Bitcoin (BTC) traded 4% below its new all-time high of $126,000 reached on Monday. As BTC price consolidates around $122,000, several market analysts are convinced that the bull cycle…
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Key points: Bitcoin price action stays lower after falling over 4% in hours. Liquidity is already recovering, with short-term volatility increasingly likely as a result. BTC price predictions see a local bottom forming as low as $114,000. Bitcoin (BTC) struggled to reclaim $122,000 on Wednesday as exchange users bet on fresh BTC price volatility. BTC/USD…
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Shares in Bitcoin miner IREN and treasury company Kindly MD have closed with losses on Tuesday after each announced multimillion-dollar convertible note deals amid a slowdown in venture capital activity in the crypto sector. Shares in IREN (IREN) finished Tuesday’s trading session with a gain of 6.81% but dropped 4.9% after the bell to trade…
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The largest federation of trade unions in the US says it has “serious concerns” about the Senate’s draft bill to regulate crypto, claiming it lacks worker protections and poorly regulates the sector. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposed the Responsible Financial Innovation Act (RFIA), arguing in a letter to…
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Strategy’s near-$80 billion Bitcoin treasury is catching up to the massive cash positions of tech giants such as Microsoft, whose shareholders rejected a proposal in December to explore adding Bitcoin to its books. Strategy posted to X on Tuesday that its 640,031 Bitcoin (BTC) stash briefly topped $80 billion in value on Monday as Bitcoin…
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Bitcoin has a 50% probability of surpassing $140,000 this month, according to simulations using data from the past decade, says economist Timothy Peterson. “There is a 50% chance Bitcoin finishes the month above $140k,” Peterson said in an X post on Wednesday. “But there is a 43% chance Bitcoin finishes below $136k,” he added. Bitcoin…
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The Bank of England (BOE) appears to be softening its stance on proposed limits to corporate stablecoin holdings, with plans to introduce exemptions for certain firms that may need to maintain larger reserves of fiat-pegged assets, according to a Bloomberg report published Tuesday. Citing people familiar with the discussions, Bloomberg reported that the BOE’s reconsideration…
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Key takeaways: Over $3.5 billion in weekly ETF inflows and a 5-year low in exchange balances highlight renewed institutional confidence in Bitcoin. Healthy futures open interest and continuous BTC adoption suggest that traders expect Bitcoin to challenge $150,000 soon. Bitcoin (BTC) saw a 4.2% correction on Tuesday after reaching a $126,219 all-time high the previous…
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Bitcoin life insurance company Meanwhile has raised $82 million in a new funding round led by Bain Capital Crypto and Haun Ventures. The company, regulated by the Bermuda Monetary Authority, plans to use the funds to meet “surging demand” for Bitcoin-denominated retirement and “inflation-proof” savings products, according to a Tuesday announcement. Meanwhile offers Bitcoin-based life…
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