Norway’s sovereign wealth fund, the largest state-directed wealth fund in the world, increased its indirect Bitcoin (BTC) exposure by 192% over the last year, according to crypto research company K33 Research. The fund has indirect exposure to 7,161 BTC through its investment portfolio, which includes treasury companies Strategy and Metaplanet and crypto exchange Coinbase. Norway’s…
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Key points: Bitcoin takes another shot at price discovery as volatility returns with Wall Street traders. Crypto liquidations pass $500 million in 24 hours. Ether comes within $150 of new all-time highs as institutional interest surges. Bitcoin (BTC) sought new all-time highs at the Wednesday Wall Street open as institutional demand punished late shorts. BTC/USD…
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Key points: Coinbase’s institutional Bitcoin trading volume hits 75% — something which has always seen BTC price rises a week later. Institutions are buying a lot more Bitcoin than is being mined daily. Risk assets are finding reasons to be bullish again as the US economic policy outlook improves. Bitcoin (BTC) is due for fresh…
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Bitcoin-focused investment company Metaplanet has surged almost 190% year-to-date (YTD), leaving Japan’s largest and most liquid blue-chip companies in its wake. On Wednesday, Metaplanet released its earnings report for the second quarter of 2025. The report showed that the company’s YTD performance dwarfed the 7.2% average gain posted by the Tokyo Stock Price Index (TOPIX)…
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BitGo, a US-regulated crypto custodian, will safeguard assets for Central Asia’s first spot Bitcoin exchange-traded fund (ETF), which debuted Wednesday on the Astana International Exchange in Kazakhstan. The Astana International Exchange (AIX), a stock exchange operating within the Astana International Financial Centre (AIFC) framework, announced the listing of the Fonte Bitcoin Exchange Traded Fund (BETF)…
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The US federal debt has reached a record $37 trillion, adding fuel to calls that rising deficits and potential money supply growth could underpin a Bitcoin rally to $132,000 by year’s end. “Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark,” said Representative Thomas Massie in a…
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Lawmakers in the US state of Wisconsin introduced a bill in the state’s Senate to accompany an earlier bill filed in the lower house that aims to curb fraud occurring through crypto ATMs. Senator Kelda Roys, along with six other Democrats, introduced Senate Bill 386 on Monday as companion legislation to Assembly Bill 384, which…
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Ether could climb to over $8,600 if Bitcoin makes a highly anticipated move to $150,000, according to a trader’s analysis of past bull market trends. “In major bull runs, ETH typically hits 30-35% of Bitcoin’s [market cap],” crypto trader Yashasedu said in an X post on Tuesday, noting that in the 2021 bull run, Ether…
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Several US banking groups led by the Bank Policy Institute (BPI) urged regulators to close what they say is a loophole that may indirectly allow stablecoin issuers and their affiliates to pay interest or yields on stablecoins. In a Tuesday letter to Congress, BPI warned that a failure to close the so-called loophole in the…
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The US has seized servers, domain names, and around $1 million in crypto assets from the ransomware group BlackSuit. The Justice Department said on Monday that multiple US and international law enforcement agencies conducted an operation against the BlackSuit ransomware groups in late July. The operation included the unsealing of a warrant for the seizure…
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