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BitMine Immersion Technologies appears to have expanded its Ethereum holdings once again, with blockchain data suggesting the company purchased more than 44 million dollars worth of ETH on Thursday. Lookonchain, citing Arkham intelligence, traced the acquisition to a BitGo-linked wallet at around 5:07 p.m., though BitMine has not
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Kalshi is riding a remarkable wave of investor momentum. The prediction market operator has more than doubled its valuation in just a few weeks, fueled by a surge of fresh capital and growing interest in the sector. The company raised 1 billion dollars last week at an 11 billion dollar
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Ark Invest continued its push into crypto-linked equities this week, adding more Coinbase shares as founder and CEO Cathie Wood voiced confidence that current market pressures may soon ease. According to the firm’s Wednesday trade filing, three of Ark’s funds ARK Innovation (ARKK), ARK Next Generation Internet (ARKW)
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Bitcoin held steady on Wednesday after weeks of heavy selling pressure, helped by a small but encouraging rebound in spot ETF inflows. Data shows that U.S. spot bitcoin ETFs recorded roughly 129 million dollars in net inflows on Nov. 25. The move offered a welcome break from the persistent
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JPMorgan Chase is introducing a new structured investment note that gives investors a chance to benefit if Bitcoin weakens in the short term and then rebounds sharply by 2028. The product uses BlackRock’s iShares Bitcoin Trust ETF (IBIT) as its benchmark, according to a recent filing with the U.
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Grayscale and Franklin Templeton made a strong entrance into the U.S. spot ETF market this week, with both firms’ new XRP-focused funds pulling in more than 60 million dollars each on their first day of trading. The ETFs, listed on NYSE Arca, drew more attention than many of their
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U.S. spot bitcoin ETFs continued their losing streak last week, posting a fourth straight round of net outflows as the broader crypto market weathered its steepest correction of the current cycle. According to SoSoValue data, spot bitcoin ETFs shed a combined 1.22 billion dollars in the week ending
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Sharp corrections in U.S. stock markets and cryptocurrency valuations could pose short-term risks to global financial stability, European Central Bank (ECB) official Álvaro Santos Pereira warned this week. Speaking at the CNN Portugal International Summit in Alcobaça, Pereira underscored the importance of monetary policy flexibility in an increasingly uncertain
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Digital asset treasury companies are navigating one of their toughest stretches this year as falling crypto prices pull down both their stock values and the worth of the tokens they hold. Bitcoin, Ethereum, and Solana have all retreated sharply from their October highs, and the decline is rippling across the
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Tom Lee, the co-founder of Fundstrat Global Advisors, is doubling down on his bullish stance toward Bitcoin, predicting the cryptocurrency could reach as high as $200,000 by January 2025. Known for his optimistic outlook and data-driven analysis, Lee’s forecasts have long captured the attention of both Wall Street
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Crypto markets were hit with another sharp downturn on Friday as a wave of forced liquidations wiped out close to two billion dollars in leveraged positions. Bitcoin briefly slid to about 82,000 dollars, pulling the total value of the crypto market below the three trillion dollar mark for the
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Spot bitcoin ETFs in the United States faced one of their toughest trading days on record Thursday, posting nearly 903.11 million dollars in net outflows. It was the second-largest daily withdrawal since the products launched, according to data from SoSoValue. Eight funds saw money leave, with BlackRock’s IBIT