Quick Take Metaplanet Inc. is taking a bold step towards embracing Bitcoin as part of its corporate strategy. On April 26, the company announced it had purchased up to 1 billion Yen worth of Bitcoin, outlining its approach to adopting the digital asset. The market has responded favorably to Metaplanet’s…
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Stephanie Murphy, Tim Ryan, and Pat Toomey — all former U.S. lawmakers — are on the council advising Coinbase on regulatory matters. Source link
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Bitcoin (BTC) surged past the $70,000 mark on May 21, marking a significant milestone driven by a flood of investment into spot Bitcoin exchange-traded funds (ETFs) and a broader market rally. Bitcoin’s price climbed to $70,325, a 6% increase over 24 hours, before settling at $68,700 as of press time,…
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ETF analysts James Seyffart and Eric Balchunas said they had increased their odds of the SEC approving a spot Ether exchange-traded fund from 25% to 75%. Source link
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A Kraken executive denied the exchange plans to delist Tether’s USDT stablecoin in Europe on May 18. Global Head of Asset Growth & Management Business Mark Greenberg said the company is examining “all options to offer USDT under the upcoming regime.” Greenberg added that the company will follow all legal…
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The U.S. president remains the last barrier to recalling the problematic anti-crypto resolution by the SEC. Source link
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The US Bankruptcy Court for the Southern District of New York has approved the $2 billion settlement between Genesis Global and the New York Attorney General and confirmed the Amended Plan of Reorganization for the defunct company and its subsidiaries. The settlement aims to compensate defrauded investors, including 29,000 New…
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Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play. Source link
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Quick Take Capriole Investments’ derivatives data offers a unique lens into Bitcoin’s market health. By analyzing Bitcoin perpetual, futures, and options weighted by open interest, Capriole defines a metric that provides valuable insights. Higher values on this metric indicate bearishness, signaling excessive leverage and speculation in the market. Conversely, lower…
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Bitcoin price is chasing after its all-time high and altcoins appear ready to follow. Source link