Bitcoin MagazineStrategy Buys $75 Million Worth of Bitcoin Strategy has acquired an additional 705 Bitcoin for approximately $75 million, further expanding its position as the largest corporate holder of Bitcoin as more public companies continue to adopt Bitcoin treasury strategies. According to a Form 8-K filed with the SEC on June 2, the company purchased … Read more
Circle, the issuer of the USDC stablecoin, is aiming for a fully diluted valuation of up to $7.2 billion in its upcoming initial public offering, according to a Monday filing with the Securities and Exchange Commission (SEC). The company now plans to offer up to 32 million shares priced between $27 and $28 each, up … Read more
Global economic uncertainties and escalating trade tensions have sent ripples through cryptocurrency markets, with Avalanche (AVAX) experiencing a sharp 8.5% decline over the past 24 hours. Despite forming a potential double bottom pattern at the $19.97 support level with increased buying volume, the overall bearish sentiment continues to dominate AVAX’s price action. Technical Analysis • … Read more
NEAR Protocol has been caught in the crosscurrents of global economic uncertainty, with its price action reflecting broader market turbulence as investors navigate complex geopolitical developments. The cryptocurrency experienced significant volatility over the past 24 hours, establishing a trading range between $2.38 and $2.49. The token’s performance mirrors the tension in traditional markets, where escalating … Read more
Bitcoin MagazineSberbank, Russia’s Biggest Bank, Launches Structured Bond Tied to Bitcoin Sberbank, the largest bank in Russia, has launched a new structured bond that ties investor returns to the performance of Bitcoin and the U.S. dollar-to-ruble exchange rate. This new financial product represents one of the first moves by a major Russian institution to offer … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The recent TACO tease, implying “Trump Always Chickens Out” on tariffs, likely didn’t go down well with the President, who raised the stakes in the ongoing trade war on Friday, leading to broad-based risk aversion, which persists as of writing. On Friday, Trump said that on … Read more
Weston Nakamura founder of Across The Spread, a global markets analyst known for his macro insights through an Asia lens, highlights a surprising and increasingly critical macro relationship. According to Nakamura, Bitcoin BTC appears to be tracking long-end Japanese Government Bond (JGB) yields specifically the 30-year more closely than its traditional correlation with U.S. equities … Read more
Bank of America has warned that the U.S. dollar could be in for a rough summer, having already dropped sharply this year. The dollar index, which tracks the value of the U.S. dollar against major currencies, has dropped nearly 9% to 99.74 this year, as President Donald Trump’s tariff war triggered a shift away from … Read more
Travis Kling of Ikigai Asset Management shared his May highlights for bitcoin BTC and broader crypto ecosystem, underscoring the remarkable scale of institutional adoption throughout the month. May was a blockbuster month for the crypto sector, headlined by unprecedented institutional investment, key legal developments, and heightened adoption by both private and public entities. Bitcoin BTC … Read more
The cryptocurrency market continues to feel the effects of global economic tensions, with investor sentiment swaying under the weight of rising geopolitical risks and trade uncertainty. Uniswap’s UNI token saw a sharp intraday swing between $6.045 and $6.385 before stabilizing above $6.11, signaling cautious buyer support, according to CoinDesk Research’s technical analysis data model. Although … Read more
