MicroStrategy continues its aggressive Bitcoin acquisition strategy, adding 2,138 BTC for $209 million. The move boosts its 2024 cryptocurrency yield to 74%, marking a significant milestone for the business intelligence firm.
In a latest develoment, as per data from Arkham Intelligence, the stable coin issuer Tether, has sent 7,629 BTC worth approximately $700 million to its bitcoin reserve address from Bitfinex's hot wallet about an hour ago at 14:00 UTC. TETHER ADDS ANOTHER $700M BITCOIN TO RESERVESSOURCE: ARKHAM pic.twitter.
Dec. 30 marked the end of the implementation phase of the Markets in Crypto-Assets framework, as authorities can enforce rules on certain crypto service providers operating in the EU.
Christian Lindner urges the ECB and Bundesbank to add Bitcoin to reserves. Germany joins Hong Kong, Poland, and Japan in exploring Bitcoin reserves.
The price of XRP, the Ripple-affiliated cryptocurrency token, reached an intraday low of $1.99 on the Binance exchange earlier today.
TL;DR BlackRock's IBIT reached $50 billion in assets in just 11 months, breaking records in the financial industry and setting a new benchmark for ETFs globally. Its unprecedented growth helped Bitcoin surpass the $100,000 mark, attracting institutional investors and reshaping the perception of digital currencies.
Bitcoin (BTC) is down to its lowest levels of December, dropping under $92,000, and many crypto enthusiasts are trying to figure out why. Chris Burniske, a former ARK Invest crypto lead and current partner at Placeholder VC, has shared his thoughts as he is looking at the bigger picture, not just the crypto world.
TL;DR MicroStrategy increased its Bitcoin reserve to 446,400 BTC with a purchase of 2,138 BTC valued at $209 million. The company requested SEC approval to issue new shares and raise capital for future Bitcoin acquisitions.
While the entire cryptocurrency segment is in the middle of a modest correction, the meme cryptocurrency segment has taken a hit. Its daily performance looks even weaker compared to the market benchmark, but ambitious newcomers bring some optimism.
In a latest development, Genius Group Limited a leading AI-powered, Bitcoin-first education group, today announced an additional $10 million purchase for its Bitcoin Treasury, bringing its total holdings to 319.4 Bitcoin, valued at $30 million, with an average purchase price of $93,919 per Bitcoin.
Ripple's XRP displays recovery signals after significant declines, down 7% lower on the weekly chart. According to Coinmarketcap, the token's trading volume exploded by 122% to $5.45 billion within the past 24 hours. That signals increased trader activity and boosted liquidity, confirming a potential comeback after recent struggles.
Solana (SOL) price has faced significant challenges recently, dropping 21% over the last 30 days. Despite this decline, SOL remains the 6th largest cryptocurrency in the market, with a market capitalization of approximately $90.8 billion.
Bitcoin price continued its strong downward trend even after MicroStrategy and Tether announced fresh acquisitions. Bitcoin (BTC) traded near the $91,000 level on Monday, Dec.
With 7,629 BTC worth $705.25 million, Tether Bitcoin reserves have been increased to 82,983 BTC, valued at $7.68 billion.
Despite experiencing a 3.2% price decline to $0.2525, Tron (TRX) has emerged as the leading profitability cryptocurrency asset. IntoTheBlock data reveals that Tron leads with over 95% in terms of addresses in profit.
MicroStrategy is at it again, like clockwork, even as market correction deepens. The company just dropped $209 million to scoop up 2,138 more Bitcoins.
Tether, the issuer of $140 billion stablecoin leader USDT, increased its Bitcoin holdings by $700 million.
Hong Kong lawmakers are pushing for Bitcoins inclusion in national reserves, emphasizing its ability to stabilize financial systems, attract investments, and position the region as a leader in digital asset integration, following Chinas substantial Bitcoin holdings. Hong Kong Lawmaker Proposes Bitcoin for National Reserves A lawmaker in Hong Kong has proposed that the special administrative region use Bitcoin as part of the national reserve for financial security, capitalizing on Chinas one country, two systems concept, Cointelegraph reports.
Seraphim, who led over $1 billion in partnerships, said support the Ethena “team from the side” though is burnt out on the DeFi sector.
XRP, the fourth largest cryptocurrency, has created a "death cross" on its short-term charts, a bearish technical indication that has sparked market interest. This event coincides with a broader market sell-off, creating concerns about XRP's short-term price trend.
Bitcoin, currently dancing between $91,721 and $92,105 over the last hour, has dipped by 2.7% in the past 24 hours. Its market cap stands tall at $1.81 trillion, with a trading volume of $45.45 billion and an intraday price swing from $91,315 to $94,562.
Primarily endorsed by Bitcoin proponents, GOP politicians, and Trump, here's how a Strategic Bitcoin Reserve could actually appeal to progressives.
Despite not hitting an all-time high, Ethereum has gained momentum with developments like ETFs and the Dencun upgrade in 2024.
Renowned tech visionary Balaji Srinivasan, former general partner of Andreessen Horowitz and CTO of Coinbase, explains why politicians are wrong about the internet, which evolved into a global field for collaboration and competition simultaneously.
Things continue to look ambiguous for the popular meme-inspired cryptocurrency, Shiba Inu (SHIB). From one point of view, it is a so-called "nothing burger," as literally nothing is happening on the price chart of SHIB nor behind the scenes in the on-chain realm.
The crypto market is experiencing a period of uncertainty marked by macroeconomic fluctuations. Nevertheless, Ripple (XRP) stands out with relative stability.
OP may witness a price surge as the market appears to align for upward momentum.
DEX monthly trading volume surged significantly, surpassing $320 billion in December. Spot trading volume on centralized exchanges also surged, reaching more than $2.8 trillion in December.
As the bankrupt crypto exchange FTX prepares to repay its creditors, analysts are predicting the fund distribution will kick start a bullish cycle in 2025.
South Korea postpones concluding whether to lift the ban on corporate crypto investment to 2025. The Financial Services Commission officials are going to hold a Virtual Asset Committee in January 2025.
Chainlink price has suffered a big reversal in the past two weeks, but one top crypto analyst expects its price to surge in 2025. Chainlink (LINK) dropped to $20.25 on Monday, Dec.
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE) and the rest of the cryptocurrency industry are set for a transformative 2025, according to research from Galaxy Research. What Happened: In a thread on X on Dec. 27, Galaxy Research forecasts notable advances in adoption, infrastructure and regulatory clarity, as well as specific advancements for different assets.
In the final hours of 2024, the crypto market remains abuzz with anticipation of what 2025 might hold for crypto assets. Crypto analyst Michaël van de Poppe recently shared his insights on ADA's price action, predicting what might come next for the cryptocurrency.
The firm, which has been generating record profits, has been trying to diversify its holdings and reinvest in emerging sectors.
TL;DR According to Ki Young Ju, CEO of CryptoQuant, Bitcoin has reached a value of over $1.03 trillion stored in wallets and exchanges, establishing itself as a powerful store of value. The Bitcoin store of value metric has increased by 85% this year, reflecting the growing interest and trust of investors in the cryptocurrency.
Digital assets platform MoonPay said it is among the first companies approved under Europe's cryptocurrency regulation. The company secured approval under the Markets in Crypto-Assets (MiCA) regulation, passed by the European Parliament last year, according to a Monday (Dec. 30) press release.
Data shared by the public blockchain tracking platform Whale Alert has revealed that just recently anonymous transactions that carried hundreds of millions of DOGE have been detected. Some crypto enthusiasts in the comments believe that a massive cryptocurrency dump is taking place.
Solana (SOL) continues in an impressive growth, attracting significant capital and users' interest as 2024 ends and 2025 approaches. This week, for example, the Solana ecosystem had nearly half-a-billion dollar in stablecoins' inflow, while the Ethereum ecosystem lost millions.
Solana achieved peak stablecoin inflows as of December 30. The chain is second behind Base for the past three months, and is among the top 5 chains to receive stablecoins in 2024.
The final days of a year are usually strong across the markets as lower volatility makes the impact of individual trades greater and as the holiday cheer lifts the spirits of investors.
Bitcoin (BTC), the largest cryptocurrency, fails to address its major decentralization threats: zero client diversity, poor "social layer" narrative, exodus of Bitcoin Core devs and lack of censorship-resistance. Meanwhile, Ethereum (ETH) managed to accomplished a battle-tested level of decentralization, investor and advisor Anthony Sassano says.
Despite experiencing an admirable run to the upside starting at the beginning of November, XRP's momentum has shifted — and the digital asset is now seeing prices making significant moves to the downside.
Grayscale Investments has published its quarterly review, unveiling its top 20 crypto assets for Q1 2025. Each quarter, the Grayscale Research team evaluates “hundreds of digital assets” to guide the rebalancing of the FTSE/Grayscale Crypto Sectors family of indexes.
Considering the ongoing cycle is still in the bull phase, confidence in Ethereum about an impending significant rally to unprecedented levels has emerged within the community. ETH may have faced heightened volatility over the past few weeks, but crypto analysts contend that the altcoin's next major upswing might be on the horizon.
The chief executive of market intelligence platform CryptoQuant is warning investors that the US government's motivations for creating a Bitcoin (BTC) standard may be different from what they expect.
Nasdaq-listed business intelligence firm MicroStrategy has announced it acquired an additional 2,138 bitcoin for around $209 million, at an average price of $97.837 BTC as the company keeps accumulating the cryptocurrency.
MicroStrategy invested $209 million to acquire an additional 2,138 BTC, bringing its total holdings to 446,400 BTC, valued at $27.9 billion.
Tether FUD has been going crazy for weeks now, including Federal government investigations, Tether ban, and much more. However, new claims call it ‘False FUD,' which is affecting stablecoin for nothing.