BJ

GameStop Buys $513 Million Worth of Bitcoin

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Bitcoin MagazineGameStop Buys $513 Million Worth of Bitcoin Video game retailer GameStop has purchased 4,710 Bitcoin worth approximately $513 million, marking another major corporate entry into Bitcoin treasury holdings as the trend of companies adding Bitcoin to their balance sheets accelerates in 2025. The company announced the acquisition via X on Wednesday but did not … Read more

Bitcoin Surges Ahead as Strategy Lags

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Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Since the start of this month, a growing divergence has emerged between bitcoin BTC and bitcoin-HODLer Strategy (MSTR). While bitcoin has climbed approximately 13%, nearing the $110,000 mark, MSTR shares have slipped 3%, trading around $372. This performance gap has become more pronounced … Read more

Ether Likely Building Energy To Smash Through $3K

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This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Ether ETH appears poised to surpass the $3,000 mark as it forms an “ascending triangle” pattern on the price chart. The ascending triangle is characterized by horizontal upper-bound resistance or supply point that repeatedly caps gains and an upward-sloping support … Read more

Bitcoin Ordinals Can Now Be Bridged to Cardano Through BitVMX

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Cardano has continued to advance its credentials as a venue for Bitcoin Defi (BTCFi), facilitating a transfer of Ordinals to its mainnet. The on-chain transaction between Bitcoin and Cardano was facilitated by BitVMX, an interoperability protocol built using the BitVM programming language. The transaction was unveiled by Input | Output (IO), the creator of the … Read more

Bitcoin Spot ETFs Pull in $5.77B in May, Their Best Performance Since November

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The 11 U.S.-listed spot bitcoin exchange-traded funds (ETF) have registered a net inflow of $5.77 billion this month, the highest since November, according to data source SoSoValue. Most of these bets have been bold directional plays, with interest in cash-and-carry arbitrage plays picking up recently. Such has been the investor demand that these ETFs have … Read more

XRP Spot ETF in the U.S. Moves Closer to Reality

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The U.S. Securities and Exchange Commission (SEC) has formally initiated a review of the WisdomTree XRP Trust, a proposed spot exchange-traded fund (ETF) that would provide investors with exposure to XRP XRP. Filed by the Cboe BZX Exchange, the application marks the first formal SEC review of a U.S.-based spot XRP ETF. If approved, it … Read more

Are XMR Traders Buying The Dip? Monero Futures Open Interest Surges as Price Falls By Nearly $100 in 3 Days

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Privacy-focused cryptocurrency Monero (XMR) has seen a sharp price sell-off over the past three days, with open positions in futures rising to their highest level since December. On Wednesday, the largest privacy coin by market capitalization fell to $325 on Kraken, having peaked at $420 on Monday, according to data source TradingView. The sell-off follows … Read more

Bitcoin Uptrend at Risk Ahead of Nvidia Earnings, Fed Minutes; XRP Holds Key Support Amid XRPFi Narrative

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Bitcoin’s BTC upward trend continued to show signs of weakness early Wednesday, even as Wall Street tech stocks surged overnight in anticipation of upbeat earnings from AI giant Nvidia (NVDA). The leading cryptocurrency by market value traded near $108,900 at press time, teasing a downside break of a trendline characterizing the uptrend from early April … Read more