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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Metaplanet, Japan’s top Bitcoin corporate treasury company, announced Monday that it had purchased an additional 1,111 Bitcoin. According to a Monday regulatory filing, Metaplanet’s total holdings have reached 11,111 Bitcoin (BTC), putting the company’s BTC holdings within striking distance of Tesla’s current Bitcoin stash of 11,509 BTC. Source: Metaplanet Metaplanet spent 17.26 billion Japanese yen…
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Cryptocurrency investment products continued to attract strong investor interest last week despite major crypto assets like Bitcoin and Ether posting notable price drops. Global crypto exchange-traded products (ETPs) recorded $1.24 billion of inflows for the trading week ending June 20, CoinShares reported on Monday. With the latest inflows, crypto ETPs continued breaking year-to-date (YTD) inflow…
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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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Bitcoin (BTC) enters the last week of June with geopolitics at a key crossroads and macro volatility to match — where will BTC head next? Bitcoin traders are bracing for new lows as exchange order book liquidity shifts toward the $90,000 mark. The latest developments in the Middle East sparked knee-jerk reactions on crypto, oil…
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Major global cryptocurrency exchange OKX is reportedly considering a public listing in the United States following its relaunch in the country. OKX is weighing an initial public offering (IPO) in the US, with a potential listing on a local exchange, The Information reported on Sunday. OKX resumed operations in the US in April. “From IPOs…
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Lawyers acting for the collapsed crypto exchange FTX have rebuked a $1.53 billion recovery claim from Three Arrows Capital’s liquidators, arguing the losses result from a risky trading strategy that should not be paid for by creditors. Three Arrows Capital expanded claim approved by judge 3AC liquidators initially filed a $120 million claim in FTX’s…
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Real estate mogul Grant Cardone has announced the firm’s first Bitcoin purchase as it becomes the latest firm to embrace a digital asset treasury strategy. Cardone Capital added 1,000 Bitcoin (BTC) to its balance sheet, becoming the “first ever real estate/Bitcoin company integrated with full BTC strategy,” CEO Grant Cardone said on X on Saturday. …
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Michael Saylor has again hinted that Strategy would buy more Bitcoin, though the company formerly known as MicroStrategy and its top brass were hit with an investor lawsuit over its $5.9 billion first-quarter loss on its Bitcoin holdings. Saylor posted a chart showing Strategy’s past Bitcoin (BTC) purchases to X on Sunday with the caption:…
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Bitcoin prices dipped below six figures for the first time since early May, but the weakness is only temporary, according to BitMEX co-founder Arthur Hayes. Bitcoin (BTC) prices fell to their lowest level for more than six weeks in late trading on Sunday when they dipped below $98,500, coming after a US airstrike on Iranian…
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