Bitcoin concluded June at a historic high above $104,000 despite on-chain indicators signaling muted buyer interest, revealing institutional activity occurring predominantly through off-chain channels like OTC desks and ETFs. U.S. spot Bitcoin ETFs demonstrated significant institutional participation with a 12-day… Read More »Bitcoin Price Defies On-Chain Data as Institutional Demand Fuels Record June Close
A prominent Ethereum (ETH) trader secured $25,920.99 in profit by systematically closing all open long positions on the cryptocurrency. This decisive move underscores a disciplined strategy of risk management employed to navigate the inherent volatility of the cryptocurrency market. By… Read More »ETH Trader Nets $25.9K Profit with Strategic Long Closure, Exemplifying Disciplined Approach
Arizona Governor Katie Hobbs has vetoed HB 2324, blocking legislation that proposed pooling seized cryptocurrencies into a state-managed Bitcoin and Digital Assets Reserve Fund. This marks her third rejection of similar initiatives seeking to incorporate cryptocurrencies into Arizona’s reserves. Hobbs… Read More »Arizona Governor Vetoes Bill to Create State Bitcoin Reserve Fund from Seized Crypto
Financial disclosures filed with the U.S. Securities and Exchange Commission reveal Figma has made significant investments in cryptocurrency assets, underscoring growing corporate confidence in digital assets as a core financial strategy. Figma invested $55 million in the Bitwise Bitcoin ETF… Read More »Figma Discloses Major Bitcoin ETF and Crypto Holdings in SEC Filing
Design platform Figma has disclosed a $70 million investment in spot Bitcoin exchange-traded funds (ETFs) through recent regulatory filings with the U.S. Securities and Exchange Commission. This allocation reflects a strategic evolution in corporate treasury management toward regulated cryptocurrency exposure.… Read More »Figma Allocates $70 Million to Bitcoin ETFs in Corporate Treasury Strategy Shift
Changpeng Zhao (CZ), founder of cryptocurrency exchange Binance, has donated $10 million worth of BNB tokens to support open-source biotechnology projects championed by Ethereum co-founder Vitalik Buterin. The personal donation by CZ directly fuels Buterin’s vision for open collaboration in… Read More »Binance Founder CZ Donates $10M BNB to Vitalik Buterin’s Biotech Projects
Bitcoin holders are accumulating unprecedented unrealized profits approaching $1.2 trillion, just below the record $1.3 trillion peak, with average investor gains reaching 125%. This substantial profit cushion signals robust market confidence and reduced sell pressure as investors increasingly adopt long-term… Read More »Bitcoin Investors Hold Strong as Unrealized Profits Near $1.2 Trillion
Arizona Governor Katie Hobbs has exercised veto power over multiple Bitcoin-related legislative proposals, signaling a cautious approach towards cryptocurrency integration into state operations. Governor Hobbs blocked House Bill 2324, which aimed to establish a Bitcoin reserve funded by seized digital… Read More »Arizona Governor Vetoes Bitcoin Reserve Bill Citing Volatility Concerns
A significant cryptocurrency holder, commonly known as a ‘whale,’ executed a large withdrawal of Bitcoin from Binance. Within a concentrated timeframe of just two hours, the whale transferred 1,345 BTC out of the major exchange. The transaction’s value is estimated… Read More »Bitcoin Whale Withdraws 1,345 BTC Worth $143 Million From Binance, Signals Potential Portfolio Shift
Crypto-related exploits led to $2.47 billion in financial losses during the year’s first half, with major breaches targeting Bybit and Cetus Protocol. The Bybit cold wallet incident accounted for $1.5 billion, while the Cetus Protocol hack drained $225 million. Phishing… Read More »Crypto Hacks and Phishing Attacks Result in $2.47 Billion Losses Amid Regulatory Shifts
Technology entrepreneur Elon Musk publicly amplified commentary related to former US President Donald Trump’s reported involvement in Israel ceasefire negotiations. Musk commended Trump’s abilities, highlighting his perceived track record in effectively managing complex geopolitical conflicts. The endorsement by Musk, a… Read More »Elon Musk Endorses Trump’s Israel Ceasefire Role, Potential Digital Finance Impact Seen
Increasingly scarce Bitcoin supply driven by investors adopting a long-term outlook suggests strong underlying market dynamics. Institutional capital inflows into spot Bitcoin ETFs provide sustained support, averaging approximately $298 million weekly and bolstering overall market liquidity. The resilience of Bitcoin… Read More »Bitcoin Holdings Shift Long-Term as Supply Tightens Amid Accumulation Trend
Governor Katie Hobbs has vetoed Arizona House Bill 2324, which proposed establishing a state-controlled Bitcoin reserve fund using seized cryptocurrency assets. The Governor cited jurisdictional misalignment and inadequate regulatory frameworks as primary reasons for rejecting the legislation. Hobbs characterized state-controlled… Read More »Arizona Governor Hobbs Vetoes Bitcoin Reserve Fund Citing Regulatory Concerns
Technology entrepreneur Elon Musk publicly acknowledged former President Donald Trump for his role in assisting with the brokering of an Israeli ceasefire agreement. Musk specifically amplified a tweet by Trump detailing the former President’s involvement in ceasefire negotiations. Musk praised… Read More »Elon Musk Commends Donald Trump’s Ceasefire Facilitation Efforts
The U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund to convert into a spot exchange-traded fund (ETF) listed on NYSE Arca. The fund will track the CoinDesk 5 Index, providing diversified exposure to Bitcoin (BTC),… Read More »SEC Approves Grayscale’s Multi-Asset Spot ETF for NYSE Arca Listing
Arizona Governor Katie Hobbs has exercised her veto power on legislation proposing the establishment of a Bitcoin reserve fund, signaling a cautious stance on the state’s direct involvement in cryptocurrency investment. Hobbs vetoed HB 2324, legislation that suggested creating the… Read More »Arizona Governor Vetoes Crypto Reserve Bill, Signs Safer Unclaimed Property Alternative
The debut of an Exchange Traded Fund (ETF) integrating Solana staking rewards within the United States marks a significant leap forward for institutional crypto products. This pioneering ETF uniquely combines direct exposure to Solana’s spot price with the benefits of… Read More »U.S. Approval and Launch of Solana Staking ETF Signals Major Shift for Institutional Altcoin Investment
Ethereum (ETH) is currently trading near $2,415, exhibiting potential for a price breakout as robust network fundamentals point toward sustained demand. Currently trading within an established range, ETH finds support around $2,380 while facing significant resistance near the $2,800 level.… Read More »Ethereum Hovers Near $2,415 Amid Strong User Growth and Surging Layer 2 Activity
The U.S. Securities and Exchange Commission (SEC) is reportedly exploring the establishment of a universal regulatory framework for cryptocurrency Exchange-Traded Funds (ETFs). This initiative aims to create standardized criteria, specifically evaluating the top 50 cryptocurrencies by market capitalization, to streamline… Read More »SEC Considers Universal Standards for Cryptocurrency ETFs to Boost Institutional Adoption
The trader currently ranked first on Hyper’s profit leaderboard has executed a significant move by closing out all existing long positions held in Bitcoin (BTC). This liquidation resulted in a realized profit of $31,893, marking a substantial gain for the… Read More »Hyper’s Top Trader Secures $31K Profit With Bitcoin Long Liquidation