BlackRock’s spot Bitcoin exchange-traded fund (ETF) is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing. BlackRock, the world’s largest asset manager, has acquired over $69.7 billion worth of Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT) ETF, representing over 3.25%…
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Opinion by: Venket Naga, co-founder and CEO of Serenity The synergies between cryptocurrencies and the real estate market have shifted substantially in the last few years. Purchasing properties with crypto-backed loans evolved from groundbreaking news to the baseline. There is a growing intersection between crypto and real-world assets (RWAs), and the possibilities are abundant. Whether…
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Key points: Bitcoin seeks to exit its narrow trading range to the upside as short positions get liquidated. An unknown whale entity reveals a giant leveraged long BTC position, with the market reacting immediately. Such moves have been seen on multiple occasions in May and June. Bitcoin (BTC) took out ask liquidity on June 20…
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Chinese social media platform TikTok denied allegations that it has made purchases of US President Donald Trump’s official memecoin. The official TikTok Policy account took to X on Thursday to deny claims that its owners are buying the Official Trump (TRUMP) memecoin, responding to accusations by California Democratic Party Representative Brad Sherman. Sherman had claimed…
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The head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but is still concerned about managing the foreign exchange of the token. Reuters reported on Wednesday that Bank of Korea Governor Rhee Chang-yong said at a press conference that “issuing won-based stablecoin could make it…
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A county sheriff in Texas has taken a power-cutting tool to a local crypto ATM after a family was reportedly scammed out of $25,000, sparking debate among crypto users over the sense of his actions. According to local reports on Tuesday, a scammer had tricked a family in Jasper County, northwest of Houston, into depositing…
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Memecoins promoted by political figures like Donald Trump, lax regulations, and crypto court cases abandoned by US regulators have kicked off a crypto “crime supercycle,” say a pair of blockchain crime investigators. Blockchain investigator ZachXBT posted to X on Thursday that crypto has historically been ripe for abuse, but that has “noticeably increased since politicians…
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One of Arizona’s Bitcoin reserve bills has been revived after the state’s Senate passed a motion to reconsider the bill on Thursday. House Bill 2324 was initially voted down in the House during its third reading on May 7, but is now headed back to the chamber for reconsideration after the Senate voted 16-14 in…
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Crypto users are divided on whether Bitcoin will surge to an all-time high or again drop below the key $100,000 mark as the broader market is trading sideways, according to a recent poll on X. Crypto pundits asked what’s next for Bitcoin (BTC) — $94,000 or $114,000 — split nearly evenly, with 50.2% predicting a…
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Retail traders’ sentiment toward Bitcoin is a near-even split between those who think it will fall and those who believe it will gain, as attitudes to the cryptocurrency are at a low last seen in April when Donald Trump’s global tariffs reveal tanked global markets. Crypto research platform Santiment marketing director Brian Quinlivan said on…
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