Saylor posts MicroStrategy’s BTC tracker: Another Buy?
Michael Saylor, founder of MicroStrategy, has shared the company’s Bitcoin tracker on X. The market expects an annoncement that the company has acquired another chunk of BTC. Bitcoin price hovered near $94,800 at the time of Saylor’s post on Dec. 29 MicroStrategy founder Michael Saylor has posted the company’s Bitcoin (BTC) tracker chart on X […]
Bitwise files new ETF targeting firms with large Bitcoin holdings
The Bitwise Bitcoin Standard Corporations ETF would invest in businesses that “hold at least 1,000 Bitcoin” Companies need to have a market capitalization of at least $100 million to be included in Bitwise’s proposed ETF KULR Technology Group started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million Bitwise has filed […]
KULR launches Bitcoin treasury with $21m BTC purchase
The $21 million BTC purchase follows the KULR’s announcement on Dec. 4. Other companies to launch a Bitcoin treasury strategy in recent weeks include Rumble, Marathon Digital, Semler Scientific and Thumzup. MicroStrategy is the biggest corporate holder of Bitcoin with over 444k BTC KULR Technology Group, Inc., listed on the New York Stock Exchange, is […]
Ethereum ETFs inflows surge as Bitcoin ETFs see major outflows
Ethereum ETFs inflows are outdoing Bitcoin ETF inflows. BlackRock’s iShares Ethereum Trust (ETHA) ETF leads with a $89.51M inflow on Dec 23, 2024. This Market shift may signal an altcoin season in 2025. In a surprising turn of events in the cryptocurrency market, Ethereum spot ETFs have been experiencing significant inflows, overshadowing the outflows noted […]
Avalon Labs raises $10m in series A round
Avalon Labs, the issuer of Bitcoin (BTC)-backed stablecoin USDa, has secured $10 million in a Series A financing round that attracted several venture capital firms. “We are known for many things but today is not about us. The team from Avalon Finance is honored to announce the closing of our 10M Series A Round,” the […]
La Rosa Holdings to allow real estate agents to receive commissions in crypto
La Rosa agents can now receive commissions in cryptocurrency with a 2% fee. The initiative aims to streamline transactions and meet the demand for crypto payments. La Rosa reported a 155% revenue growth, hitting $51.7M in the first nine months of 2024. La Rosa Holdings Corp. (NASDAQ: LRHC), a leading technology-integrated real estate company, has […]
What happened in crypto this week
It’s been another busy week in the crypto market: Bitcoin tops $107,000, FTX is to begin customer repayments in early 2025, CyberKongz receives “concerning rhetoric” in Wells notice from the SEC, US lawmakers cancel vote to renominate SEC Commissioner Caroline Crenshaw, and Injective and Sonic partner to build first cross-chain AI agent hub. Bitcoin tops […]
Court gives Coinbase the green light to delist Wrapped Bitcoin (WBTC)
A US federal judge has allowed Coinbase to delist WBTC despite BiT Global’s objections. Judge Martínez-Olguín denied BiT Global’s TRO, citing lack of evidence of harm. Despite the delisting and Coinbase launching cbBTC, WBTC dominates the wrapped digital assets market with an 85% share. In a pivotal legal decision, a California federal judge has ruled […]
El Salvador to ‘confine’ its Bitcoin activities in $1.4bn loan deal with the IMF
The IMF said “potential risks” of El Salvador’s Bitcoin project will be “diminished significantly” A Bitcoin podcaster questioned the true cost of the IMF’s monetary assistance to El Salvador El Salvador will receive additional funding from other major banks in a financial package totaling over $3.5 billion El Salvador will receive a $1.4 billion loan […]
Bitfinex: Bitcoin could hit $200k by mid-2025 with mild price corrections
Bitfinex analysts believe Bitcoin could reach between $140,000 – $200,000 by mid-2025 “Consistent buying pressure” with ETFs will see future Bitcoin price correction “shorter in duration” If Bitcoin follows the 2021 cycle, it has the potential to reach $339,000 Bitcoin could surge to $200,000 under “favorable conditions,” according to a new report from Bitfinex analysts. […]