Quick Take MicroStrategy (MSTR), known for its significant bitcoin treasury, has experienced an impressive financial climb, concluding 24% higher after the March 4 close, placing its current trading value at $1,334. MSTR has experienced a remarkable 95% surge year-to-date, outpacing Bitcoin’s 52% appreciation in the same period. MSTR Share Price:…
Bitcoin’s price premiums have resurfaced amidst the recent bullish fervor gripping the market. Kimchi premium Data reveals BTC trading at a $4,000 premium in South Korea compared to other markets. As of press time, Bitcoin was priced at $66,893 on Binance, while Korean platforms like Upbit, Coinone, and Bithumb boasted…
Transaction fees on the Ethereum blockchain experienced a significant surge in the past 24 hours, coinciding with ETH’s price surpassing $3,700, marking a two-year high. This development comes amid the US Securities and Exchange Commission’s (SEC) delay in ruling on multiple pending spot ETH exchange-traded fund (ETF) applications. Ethereum’s price…
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Quick Take As Bitcoin hovers just below the all-time high of $69,000, the ETF sector demonstrates substantial activity, reflecting wider market sentiment and significant institutional interest. According to BitMEX, recent inflows into Bitcoin ETFs reached a striking total of $563 million on March 4, equivalent to roughly 8,338 Bitcoins. ETF…
BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. BSIIX’s total fund size stood at $36.5 billion, while its share class total net assets were $24.2 billion as of March 1. The fund typically invests…
MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on March 4. The private offering is aimed at qualified institutional buyers and is subject to market conditions and…
Crypto exchange Coinbase once again experienced an issue that caused some users to see an empty balance in their accounts on March 4. At 5:36 pm UTC, the company wrote: “A small subset of users may see intermittent zero balance across their Coinbase accounts and latency across pages. Trading is…
BlackRock’s iShares Bitcoin Trust (IBIT) now has more than $10 billion in assets under management (AUM), according to data from CoinGlass. Bloomberg ETF analyst Eric Balchunas noted that IBIT is one of just 152 exchange-traded funds (ETFs) that have reached the $10 billion mark. Currently, roughly 3,400 ETFs exist in…
Anthropic is launching its latest generative AI (GenAI) technology, Claude 3, with the claim that it is superior to OpenAI’s Chat GPT-4, according to a March 4 press release. The new suite of models, comprising Claude 3 Haiku, Claude 3 Sonnet, and the most advanced, Claude 3 Opus, is positioned…