Recently, both North Carolina and Minnesota have introduced legislation aimed at expanding Bitcoin adoption amidst a growing trend among US states to explore cryptocurrency reserves. In North Carolina, the State Senate has passed SB327, a bill that authorizes the State Treasurer to allocate up to 10% of its public funds into Bitcoin. North Carolina, Minnesota...Read More
Binance has maintained a reserve ratio above 100% for 29 consecutive months despite rumors of the crypto exchange selling off a significant portion of its Bitcoin reserve, according to blockchain analytics firm CryptoQuant. The reserve ratio is a key metric that shows whether an exchange holds enough assets to match customer balances. A ratio above...Read More
Metaplanet Inc. announced on March 18 that it had issued ¥2 billion ($13.3 million) in zero-interest ordinary bonds to finance further Bitcoin acquisitions. The development is part of the company’s broader strategy to expand its holdings of the number one cryptocurrency. Details From the Bond Issuance According to the announcement, the 9th series of ordinary...Read More
As Bitcoin (BTC) and the overall crypto market continue to confuse investors and traders with massive price fluctuations, BlackRock, the world’s largest asset manager has garnered significant attention with its recent actions. BlackRock’s $40 Million Worth BTC Purchase Today, March 18, 2025, amidst another market price drop, the asset manager seized the opportunity and purchased...Read More
The Bitcoin market has been down for two months, with selling pressure from investors keeping prices supressed. While this represents a bearish trend for the leading crypto network, there may be a silver lining after all. A tweet from the market intelligence platform CryptoQuant revealed that the Bitcoin market is deleveraging. Historically, such events have...Read More
The United States government may be keen on owning and maintaining a digital asset stockpile, but not all countries feel the same way. South Korea, for one, has expressed its disinterest in including bitcoin (BTC), or any cryptocurrencies, in its foreign exchange reserves. A report from the local media Korea Economic Daily revealed that the...Read More
Last week, gold smashed past the $3,000 mark for the first time in history. Some analysts believe the precious metal’s rally could signal a shift in investor sentiment as global markets brace for economic uncertainty. Why Is Gold Pumping? In a long thread on X, capital markets analysts The Kobeissi Letter highlighted several factors that...Read More
After months and months of accumulating massive portions of BTC, Strategy – the world’s largest corporate holder of the biggest cryptocurrency, has now spent a more modest $10.7 million in its latest acquisition. By adding 130 BTC, the firm has now neared the 500,000 BTC target. Strategy has acquired 130 BTC for ~$10.7M at ~$82,981...Read More
Russia has reportedly turned to cryptocurrencies to facilitate its oil trade with India and China, using digital assets to circumvent Western sanctions. While fiat currencies like the UAE dirham still dominate the majority of transactions, digital assets are becoming a small but growing component of the country’s energy trade. Deepening Crypto Adoption The development was...Read More
American President Donald Trump made numerous pro-crypto promises during his campaign last year. One of those included establishing a strategic Bitcoin reserve. Earlier this month, he kept his word and signed an executive order to create such an initiative. He also ordered the formation of a Digital Asset Stockpile. The strategic Bitcoin reserve is designed...Read More
American President Donald Trump made numerous pro-crypto promises during his campaign last year. One of those included establishing a strategic Bitcoin reserve. Earlier this month, he kept his word and signed an executive order to create such an initiative. He also ordered the formation of a Digital Asset Stockpile. The strategic Bitcoin reserve is designed...Read More
Deutsche Boerse’s post-trade unit, Clearstream, announced that it will introduce crypto custody and settlement services for institutional clients later this year. The services will be provided through its majority-owned subsidiary, Crypto Finance, which will act as a sub-custodian. Clearstream’s Offering According to a Bloomberg report, Clearstream will offer custody services for Bitcoin (BTC) and Ethereum...Read More
The Rhodes Scholar and liberal media commentator said in a segment that aired Thursday, March 6, that cryptocurrency is a scam. She also slammed the White House for “playing this game.” MSNBC Host Rachel Maddow calls Trump’s Strategic Bitcoin Reserve a ‘deeply old-fashioned simple scam.’ She draws a striking comparison between crypto and Beanie Babies,...Read More
In a strong rebuke of President Donald Trump’s latest financial policy, Democratic Representative Gerald E. Connolly has called on the US Treasury Department to immediately halt efforts to establish a strategic cryptocurrency reserve. Connolly, who serves as the Ranking Member of the House Oversight and Government Reform Committee, raised concerns over what he described as...Read More
The cryptocurrency market is starting to recover due to an overall increase in buying from traders. This boost follows a positive consumer price report and ease in global tensions. As a result, Bitcoin’s price is on its way to hitting $90K after getting past some key hurdles. However, with a bit of selling pressure now,...Read More
High-risk assets such as tech stocks and crypto have been selling off heavily over the past month or so as Donald Trump’s trade war escalates. However, this could all be part of a “short term pain” masterplan in a strategy that aims to lower inflation and refinance around $9 trillion of US debt by allowing...Read More
Under President Trump’s encouragement for the crypto sector, the U.S. Senate Banking Committee has successfully pushed forward a bill regulating stablecoins. This marks a significant move towards having the legislation reach President Trump’s desk for his signature. The bill cleared the committee with an 18-6 vote, benefitting from the support of five Senate Democrats who...Read More
According to CryptoQuant, the cryptocurrency market is currently in an oversold state following a strong correction. Bitcoin holdings for less than one month saw a notable surge in March and December 2024, reaching 23% and 24.5%, respectively. This pattern was accompanied by a market correction, which drove Bitcoin’s Market Value to the Realized Value (MVRV)...Read More
Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained, according to Tradingview. Moreover, BTC market share...Read More
Metaplanet has bought an additional 162 BTC worth $13.5 million. This latest acquisition brings its total Bitcoin holdings to 3,050 BTC. Details of The Purchase CEO Simon Gerovich announced in a Wednesday post on X that the Japanese investment firm spent approximately $13.5 million on the latest buy, paying an average price of $83,123 per...Read More
“I am proud to reintroduce landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come,” said Senator Lummis on March 11. The Bitcoin Act, or “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act,” as it is...Read More
Earlier in the week, Bitcoin (BTC) briefly plunged to a four-month low of under $77,000, giving gold advocate Peter Schiff another opportunity to ridicule crypto holders. With Ethereum (ETH) also hitting a 17-month low, slipping below $1,800, the outspoken economist didn’t hold back, questioning the logic behind the U.S. government holding cryptocurrencies as reserve assets....Read More
The crypto market is experiencing a significant decline, triggered by global trade tensions. Moreover, President Trump’s Executive Order to set up a Strategic Bitcoin Reserve has surprisingly left crypto traders feeling let down. As a result, the price of Solana has fallen sharply, along with a decrease in important on-chain metrics. Despite a recent recovery...Read More
Bitcoin, the number one cryptocurrency by market capitalization, is facing market turbulence, but prominent trader CrediBULL Crypto remains unfazed. He argues that BTC’s correlation with traditional stocks is overstated, and maintains that the asset’s long-term trajectory remains intact. Bitcoin’s Correlation With Stocks: Overblown Fears? The recent dip in the price of Bitcoin, where it dropped...Read More
Michael Saylor-led business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock, according to a filing with the US Securities and Exchange Commission (SEC). The shares, which carry a $0.001 par value, are convertible into Strategy’s class...Read More
For the third week in a row, digital asset investment products have seen investors pull out funds. This past week alone marked a historic $2.9 billion in outflows which pushed the cumulative figure to $3.8 billion over three weeks. CoinShares stated that this reversal is likely influenced by the recent security incident at Bybit, hawkish...Read More
El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This is occurring against a backdrop of increased pressure from the International Monetary Fund (IMF) to stop its BTC accumulation strategy. El Salvador Remains Committed to Strategy The National Bitcoin Office announced the development...Read More
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Behrouz Parsarad for running Nemesis, a darknet marketplace that sold illegal drugs. As part of these actions, OFAC has also blacklisted 49 crypto addresses, including 44 for Bitcoin and 5 for Monero, connected to the operation. Founder Accused of...Read More
Michael Saylor, founder of Strategy (formerly MicroStrategy), has said that a Bitcoin strategic reserve will position the United States as a leader in cyberspace. In an interview with Fox News Channel, Saylor argued that Bitcoin is a secure means of savings for individuals, companies, and governments. Bitcoin Will Take The U.S. to Cyberspace Saylor, whose...Read More
Following a period of notable gains, the crypto market experienced a significant decline, creating uncertainty in February. The market crash, which saw investors lose billions, left many reeling, particularly after the sharp crash in the last week, referred to by some analysts as the ‘Trump-dump.’ Despite this, increased activity by major investors, or ‘whales,’ around...Read More
