GameStop Raising $1.3B of Convertible Debt for Bitcoin Purchases
The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet.
Ethereum Price Risks Closing Below 3M Bollinger Bands, Expert Says Think Longer Term
Ethereum has been weighed down by persistent downward momentum, and even a near-term rally may not be enough to shift the broader trend immediately. As it stands, the ETH price is now at an important technical moment, with crypto analyst Tony “The Bull” Severino warning of a possible close below a significant long-term indicator. With […]
Bitcoin Remains Strong Despite Slower Capital Inflows – Expert Unravels Liquidity Growth
Bitcoin has reclaimed the $85,500 level after a strong move to the upside, reigniting hopes for a push toward the psychological $90,000 mark. However, despite the recent bullish momentum, uncertainty continues to weigh heavily on global financial markets. Fears of an escalating trade war and broader macroeconomic instability are keeping investors cautious, even as Bitcoin […]
GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%
The gaming retailer will spend some of its $4.8 billion cash holdings to buy bitcoin and stablecoins, sparking discussions around how much it will actually buy.
Banks’ Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs
Global banks held $367 billion in crypto assets under custody in Q2 last year, data from the Basel Committee on Banking Supervision showed.
Bitcoin Rally Reverses Despite Supposedly Bullish GameStop News
At least one analyst questioned why GameStop's plan to buy bitcoin was necessarily a good thing.
Trump-Tied World Liberty Financial Pitches Its Stablecoin in Washington With Don Jr.
The president's son, Donald Trump Jr., connected to a Washington crypto event via video to talk up crypto and to back the family's link to World Liberty.
99% of Crypto Tokens Are Going to Zero: Fund Manager
Money managers in crypto are able to use trading strategies that stopped working in TradFi more than a decade ago.
Solana Gets A $1.7 Billion Boost As BlackRock Expands Tokenized Funds
Financial management behemoth BlackRock has made another move in its approach to blockchain by starting a fund for big clients on the Solana network. Reports from Fortune say that this fund, called the USD Institutional Digital Fund (BUIDL), is now available on seven different blockchain platforms. Related Reading: Solana Co-Founder Challenges Layer 2s—Are They Even […]
Bitcoin Short-Term Holders Makes A Notable Comeback As Supply See A Sharp Surge
Sentiment is starting to turn bullish once again toward Bitcoin, the largest crypto asset, as investors have gone on a buying spree following its renewed upward move to $88,000. Despite the recent volatility that hindered BTC’s bullish performance, short-term holders have shown a notable accumulation trend. Rapid Rise In Bitcoin Short-Term Holders Supply Several key […]