Key points: Bitcoin dives more than 2% from its $120,000 daily high to swipe bid liquidity in an anticipated move. Market projections nonetheless see a deeper retracement coming. “Froth” is starting to appear across crypto as altcoin open interest hits new all-time highs. Bitcoin (BTC) dipped to take bid liquidity at Wednesday’s Wall Street open…
Read more
Mara Holdings, one of the largest publicly traded crypto mining firms, said it intends to offer up to $1 billion worth of convertible senior notes, with a portion of the funds intended for Bitcoin purchases. According to a Wednesday announcement, $850 million of notes will be offered to qualified institutional buyers due in 2032. The…
Read more
Opinion by: Senator Tim Scott and Senator Cynthia Lummis The US Congress recently took a major step toward reclaiming the United States’ leadership in financial innovation. The bipartisan GENIUS Act passed — a landmark bill that establishes the first-ever federal framework for payment stablecoins. It’s a milestone for consumer protection, national security and American competitiveness…
Read more
Key takeaways: Bitcoin (BTC) remains pinned below $120,000 after reaching a fresh all‑time high near $123,000 last week. As BTC price consolidates, numerous market analysts are convinced that the cycle is not over. Here are the reasons why analysts think that the Bitcoin bull market has not peaked yet. Bitcoin fundamentals remain strong Analytics firm…
Read more
CoinShares, a major European cryptocurrency investment firm, has secured a license under the local regulatory framework, Markets in Crypto-Assets Regulation (MiCA). CoinShares received the MiCA license through its French subsidiary, CoinShares Asset Management, the company announced on Wednesday. With the license, CoinShares became the “first continental European regulated asset management company” to be qualified under…
Read more
Key points: Bitcoin short-term holders are showing classic profit-taking behavior, sending BTC to exchanges. Their presence among exchange inflows has reached a level associated with “local bottoms” on BTC/USD. A popular bid level on Binance now sits at $117,500. Bitcoin (BTC) may be putting in its next local bottom as retail investors offload profits, new…
Read more
South Korea’s Financial Supervisory Service (FSS) advised local asset managers to avoid excessive exposure to crypto firms. According to a Wednesday report by The Korea Herald, the FSS verbally instructed local asset managers to limit exposure to crypto firms. The report cited Coinbase and Strategy stock as examples. The guidance was reportedly informal and advisory.…
Read more
A Denver, Colorado-based online pastor and his wife were indicted Tuesday on charges related to a cryptocurrency fraud scheme that raised more than $3 million from faith-based investors. Online pastor Eli Regalado and his wife, Kaitlyn, were indicted on 40 counts stemming from what Denver District Attorney John Walsh described as a “multi-million-dollar cryptocurrency scam.”…
Read more
Spot Ether exchange-traded funds (ETFs) continued their bullish momentum on Tuesday, recording a net inflow of $533.87 million and extending their streak to 13 consecutive trading days of inflows, according to data from SoSoValue. BlackRock’s iShares Ethereum Trust (ETHA) led the surge with $426.22 million in daily net inflow. The fund now holds over $10…
Read more
The US is looking to nab $7.1 million worth of crypto seized by Homeland Security in December tied to an allegedly fraudulent oil and gas investment scheme. The Seattle US Attorney’s Office said on Tuesday that it filed a civil action to seek the forfeiture of some of the $97 million taken in by the…
Read more