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MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023
7.2.2024
MicroStrategy has announced the purchase of 31,755 Bitcoin at a cost of $1.25 billion in Q4 2023, increasing the company’s total Bitcoin holdings to 190,000 units. MicroStrategy’s Fourth Quarter 2023 Financial Results report detailed the extensive acquisition and demonstrated...
Web3 Game Developer Wemade Reports Widening Losses in Q4 2023
6.2.2024
South Korean Web3 game developer Wemade has disclosed a significant increase in operating and net losses in the fourth quarter of last year, as per its latest earnings report. According to the report released on Tuesday, the Kosdaq-listed company’s net loss surged to 189.5 billion won ($142.6...
Bitcoin ETFs Trigger Massive Miner Outflows, Over $1 Billion Moved to Exchanges
6.2.2024
Bitcoin miners reportedly sell their asset reserves or leverage them to upgrade their capacity as inflows to cryptocurrency exchanges continue. A new report from Bitfinex Alpha Market shows Bitcoin ETF approvals by the United States Securities and Exchange Commission (SEC) impacted miners’...
DeFi TVL Reaches $60 Billion, Highest Level Since August 2022
6.2.2024
The decentralized finance (DeFi) sector is experiencing a surge in popularity, with the total value of tokens (TVL) deposited on DeFi-focused blockchains reaching $60 billion. This marks the highest level since August 2022, according to data provider DeFi Llama. The recent increase in TVL can...
Bonk Price Prediction as Market Cap Falls Below $1 Billion – Will BONK Keep Falling?
6.2.2024
The Bonk price has barely moved in the past 24 hours, remaining at $0.00001011 as the crypto market as a whole also holds still today. BONK is now down by 15% in a week and by 6.5% in a month, with the meme coin’s recent falls pushing its fully diluted market valuation (e.g. maximum supply...
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
6.2.2024
Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s...
Inflows of US Digital Asset ETFs Hits Total of $7.7B in Four Weeks
5.2.2024
Digital asset management funds are still on a record rise. So far, the crypto-backed investment products have recorded $7.7 billion in total inflows in the US, according to a February 6 CoinShares report on crypto-backed investment funds. CoinShares Head of Research James Butterfill shared...
Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion
5.2.2024
Digital asset investment funds have seen an increase in inflows across seven days following a market rebound after days of sell-offs. A new CoinShares Weekly Crypto Asset Flows Report shows massive inflows into Bitcoin (BTC) and other cryptocurrencies, raising yearly entries to $1.6 billion....
Bitcoin Price Prediction as BTC’s Monthly Volume in January Hit Highest Level Since September 2022 – Bull Market Starting?
5.2.2024
In a remarkable turn of events, Bitcoin‘s 24-hour trading volume surged 15.30% to $16.01 billion, indicating a significant uptick in investor engagement and marking the highest volume since September 2022. This increase, over 10% for Bitcoin, pushing its value beyond the $43,000 threshold...
BlackRock and Fidelity Bitcoin ETFs Dominate Top 10 January Inflows with Massive $4.8B Surge
5.2.2024
BlackRock and Fidelity’s spot Bitcoin (BTC) exchange-traded funds (ETFs) have emerged among the top 10 funds with the highest inflows in January. According to a report from Morningstar research analyst Lan Anh Tran, BlackRock’s iShares Bitcoin Trust (IBIT) secured the eighth position...
Solana Price Prediction as SOL Holds Steady Despite $2.5 Billion Trading Volume Dip – Bulls Eyeing $120 Retest?
5.2.2024
The Solana price has gained by 0.5% in the past 24 hours, creeping up to $97.79 as the crypto market as a whole rises by the same percentage today. SOL has now increased by 12% in a fortnight and by 3% in a month, with the altcoin also sitting on an impressive 300% increase in […]
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February Frenzy: These 5 Cryptos Have Nearly $1 Billion Worth of Unlocks Due This Month
5.2.2024
The crypto market is poised for increased selling pressure across numerous tokens as unlocks worth nearly $1 billion are set to occur this month. Projects such as Optimism (OP), Avalanche (AVAX), The Sandbox (SAND), Aptos (APT), and Sui (SUI) are expected to have the largest unlocks, adding to...
FTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings
5.2.2024
In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximately $1.47 billion to upwards of $2.4 billion,...
9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows
4.2.2024
In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses...
Genesis Seeks Court Approval to Offload $1.4 Billion in GBTC Assets Post-SEC Settlement
4.2.2024
After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets...
Genesis Seeks Green Light from Bankruptcy Court for $1.4 Billion GBTC Share Sale
4.2.2024
Crypto lender Genesis Global Capital, currently undergoing bankruptcy proceedings, has requested permission to sell trust assets worth approximately $1.6 billion. In a motion filed with the U.S. Bankruptcy Court in the Southern District of New York, the firm sought approval to sell assets held...
Solana Price Prediction as SOL Becomes 5th Most-Traded Coin in the Market – Can SOL Overtake Ethereum?
4.2.2024
Solana price prediction takes center stage as SOL ascends to the fifth spot among the most-traded cryptocurrencies, sparking discussions on its potential to rival Ethereum. With its price at $96.50, despite a 2.50% dip over the past day, Solana’s substantial $1.3 billion trading volume...
Bitcoin Price Prediction as $8 Billion Trading Volume Floods In – Time to Buy?
4.2.2024
As Bitcoin‘s trading volume surges to $8 billion, many are wondering if it’s the right time to buy, with current Bitcoin price predictions in focus. The cryptocurrency, which is currently trading at $43,000, has seen a slight decrease of nearly 0.50% on Sunday. This comes amid news from...
AI Crypto Market Cap Leaps $1.07 Billion in 12 Days Led by Bittensor’s Rise
3.2.2024
In the span of just 12 days, the market cap of the artificial intelligence (AI) cryptocurrency sector has risen from $6.08 billion to its present valuation of $7.15 billion. This growth is primarily attributed to the impressive performance of bittensor (TAO), which saw a notable increase of 31.6%...
Grayscale’s GBTC Bitcoin Holdings: A $6 Billion Exodus in 22 Days
3.2.2024
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024...