BJ Tether, the issuer of the USDT stablecoin, increased its holdings in bitcoin (BTC) miner Bitdeer (BTDR), building on a investment it started almost a year ago. The company financed the acquisition with working capital and now owns 21% of the company, according to a Securities and Exchange Commission filing. Tether first acquired a position in … Read more
The calm that has returned to the bitcoin (BTC) market may be short-lived, potentially setting the stage for a storm that could trigger significant price volatility, according to insights from the decentralized crypto on-chain options platform Derive. Since March 12, BTC has settled in the $80K-$85K range in a consolidation typically seen after a notable … Read more
Japan’s Metaplanet has issued more zero-interest bonds as the listed company looks to asquire more bitcoin (BTC). The company said today in a notice to shareholders that it issued 2 billion yen ($13.4 million) in zero-interest ordinary bonds for buying BTC, with Evo fund once again acting as the sole bondholder. These bonds carry no … Read more
The Bitcoin (BTC) bull market is over, according to crypto research firm CryptoQuant’s founder Ki Young Ju. Ju posted on X that he is expecting 6-12 months of bearish or sideways price action as the BTC bull run loses steam, citing declining liquidity in the market. “New liquidity is needed. The on-chain realized cap has … Read more
The Solana Foundation nixed an ad widely criticized for being anti-queer late Monday, nearly nine hours after seemingly invoking the culture wars as a mechanism to boost conference attendance. The now-deleted spot imagines “America” in therapy. A human embodiment of the nation desperately wants to think big – about tech, crypto, space travel. But he … Read more
Crypto exchange Gemini has appointed a new chief financial officer as it positions itself for a potential initial public offering. The company’s latest hire, Dan Chen, who previously served as vice president of capital markets at Affirm, announced the move in a social media post. “Crypto is the most dynamic sector in finance and Gemini … Read more
The main organizations supporting the Arbitrum blockchain, Offchain Labs and the Arbitrum Foundation, unveiled a new program designed to kick-start early-stage projects in the ecosystem. The new program, “Onchain Labs,” is designed to provide go-to-market support to “experimental and volatile” projects, according to a blog post from Offchain Labs, Arbitrum’s main developer. “Through Onchain Labs, … Read more
Bakkt Holdings (BKKT), a crypto exchange and custody firm, saw its shares plunge on Monday after disclosing that neither Bank of America (BAC) nor crypto trading app Webull Pay would renew their commercial agreements with the company. At the time of writing, BKKT shares have dropped 35% in after hours trading to $12.83. The stock … Read more
Gold has been on a strong run, surpassing $3,000 for the first time last week, and now there are calls for even more upside for the precious metal prices. Jeffrey Gundlach, CEO of DoubleLine Capital and colloquially known as the “Bond King” for his expertise in fixed-income markets, believes the rally is far from over … Read more
Crypto markets climbed higher on Monday with bitcoin (BTC) trading above $84,000 as another positive day for U.S. stocks extended their rise lifting risk assets.The largest cryptocurrency was up, the broader crypto market was up 1.8%, while the broad-market CoinDesk 20 Index slightly outperformed with a 2.4% advance during the same period. Ethereum’s ether (ETH) … Read more
