Key takeaways: Bitcoin rallied above $109,000 as the global money supply reached new highs. BTC open interest rose by 10% amid a strong Coinbase Premium and stable funding rate, pointing to spot demand. Multiple technical indicators suggest a major breakout is underway, with analysts eyeing a $137,000 Bitcoin price. Bitcoin (BTC) price jumped on Wednesday,…
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BlackRock, the world’s largest asset manager, is now earning more in annual fees from its spot Bitcoin exchange-traded fund than its flagship S&P 500 fund, according to a recent report. “IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity…
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Australian crypto billionaire Tim Heath narrowly escaped a kidnapping attempt in Estonia last year by biting off part of the attacker’s index finger, an Estonian court has heard. Heath, a long-time crypto investor, was attacked by two men posing as painters in the stairwell of his apartment building in July last year. There has been…
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Key takeaways: Bitcoin trades near all-time high, but derivatives data show traders remain cautious and uncommitted. The USDT discount in China and spot Bitcoin ETF outflows highlight investor concerns over global trade tensions. Bitcoin (BTC) surged above $109,000 on Wednesday after briefly retesting the $105,200 support level earlier in the day. The rally coincided with…
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Zohran Mamdani won the New York mayoral primary election on June 24, which has since caused a stir among the crypto industry’s upper crust. Mamdani will face off against incumbent Mayor Eric Adams in November, and it’s clear that many in the crypto industry are uneasy about the prospect of a Mamdani victory. Executives and…
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Ethereum co-founder Vitalik Buterin delivered a keynote speech at EthCC on Wednesday, asking blockchain developers to focus on freeing humanity through their inventions rather than building more technically advanced tools. Buterin compared the individual liberty ethos of the early internet in the 1990s to the current ethos in blockchain, noting that the free and open…
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The US Securities and Exchange Commission (SEC) now sees tokenization as an “innovation” to be encouraged in the marketplace, according to Chair Paul Atkins, who pointed to a clear regulatory shift since former SEC Chair Gary Gensler’s tenure ended. “Tokenization is an innovation,” Atkins said in a CNBC interview on Wednesday. “And we at the…
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Key takeaways: Historical data fail to show a consistent link between Bitcoin price gains and US debt ceiling increases. Bitcoin’s resilience reflects investors’ belief that the US dollar will continue to lose value due to US domestic fiscal policy. United States Senators successfully advanced President Trump’s ‘One Big Beautiful Bill’ on Tuesday, moving it one…
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Key takeaways: Bitcoin’s STH cost basis, MVRV data, and other technical indicators suggest that BTC price is on track toward $117,000. Analysts suggest a breakout above $109,000-$110,000 could push BTC to fresh all-time highs. Bitcoin (BTC) has been trading in a “well-defined” range over the past six months as traders anticipate a potential breakout. Onchain…
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US President Donald Trump, with an estimated net worth of more than $6 billion, has reportedly added at least $620 million to his portfolio in a matter of months, thanks to ventures connected to the cryptocurrency industry. According to a Wednesday Bloomberg report, Trump’s crypto holdings represented “a sizeable portion” of his wealth for the…
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