BJ Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) has purchased 7,390 BTC for approximately $764.9 million at an average price of $103,498 per bitcoin, according to a filing on Monday. This latest acquisition increases the company’s total bitcoin holdings to 576,230 BTC, now valued at roughly $59 billion based … Read more
Ethereum co-founder Vitalik Buterin has proposed a new design to reduce the hardware burden for running a network node, framing it as a step toward a fully decentralized network that doesn’t require sophisticated infrastructure to help maintain. In a blog post published on Sunday, Buterin introduced the concept of “partially stateless nodes,” allowing users to … Read more
Crypto investment products brought in $785 million in inflows last week, pushing year-to-date totals to $7.5 billion and marking a full recovery from the nearly $7 billion withdrawn during February and March’s market correction. The rebound was led by U.S.-based investors, who contributed $681 million, followed by $86.3 million from Germany and $24.2 million from … Read more
BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock’s yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3068.55, down 4.7% (-151.33) since 4 p.m. ET on Friday. None of the twenty assets are trading higher. Leaders: BTC (-1.2%) and XRP (-4.5%) Laggards: AVAX (-8.6%) and UNI … Read more
The Bitcoin network hashrate rose 2% in the first two weeks of May to an average of 885 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Friday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a … Read more
Roman Storm’s defense team wants to know if the U.S. Department of Justice is withholding any information that may help the Tornado Cash developer’s case. In a letter filed late Friday, defense attorneys said recent disclosures in another, somewhat similar, case raised concerns that prosecutors either misled the judge overseeing the case or otherwise was … Read more
By James Van Straten (All times ET unless indicated otherwise) Bitcoin BTC started the week on a positive note, rising above $107,000 — the highest since Jan. 24, according to CoinDesk data —before pulling back to $102,000 during the Asian morning. Despite the retracement, the largest cryptocurrency continues to trend upward, forming higher highs and … Read more
Dubai’s crypto regulator Virtual Asset Regulatory Authority (VARA) has updated its rulebook for digital asset trading. The emirati regulator has introduced greater leverage controls and collateralization requirements through provisions in its Broker-Deal and Exchange Rulebooks. This will help VARA’s rules to align with global risk standards, the regulator said in an emailed announcement on Monday. … Read more
Over $600 million in crypto derivatives positions have been liquidated since late Sunday as bitcoin (BTC) staged a sharp rally past $106,000 in the wee hours, only to reverse course and dump back to near $103,000, catching both bulls and bears off guard. The move began around 21:00 UTC on Sunday, when bitcoin spiked more … Read more
