Category: Fiat

German Bitcoin Selloff: $170M Dumped Amid Market Volatility

In a significant move, German authorities have been unloading substantial amounts of Bitcoin, as on-chain analysis has shown. This latest round of selling comes on the heels of a previous sale of approximately $170 million worth of Bitcoin last week. Recently, the Federal Criminal Police Office (BKA) made a notable transfer of 400 BTC, roughly […]

Crypto Carnage: Bitcoin and Ethereum Liquidations Soar

The cryptocurrency market is enduring a brutal downturn this week, with approximately $191 million in crypto derivatives contracts being liquidated in the last 24 hours. Bitcoin (BTC) has borne the brunt of these liquidations, accounting for about $103 million. Ethereum (ETH) follows closely behind with $33 million in liquidations. This sharp rise in liquidations comes […]

Metaplanet’s Bold Bet: Issuing Bonds to Buy More Bitcoin

Metaplanet, the public Japanese firm that has been heavily investing in BTC since April. Late Sunday, Metaplanet announced plans to issue another 1 billion yen ($6.2 million) in ordinary bonds to purchase more Bitcoin. At current prices, this would add approximately 101 additional BTC to its balance sheet, supplementing its existing total of 141.07 BTC. […]

White House Rehires Pro-Crypto Advisor: A Policy Shift?

Biden Administration’s renewed engagement with crypto policy, the White House has rehired Carole House, a cybersecurity advisor who previously guided the president on his 2022 crypto-focused executive order. House, who advised President Joe Biden from 2021 to 2022 as a director on the National Security Council with a focus on cybersecurity and digital innovation, is […]

Riot Abandons Bitfarms Takeover: What’s Next?

Bitcoin mining giant Riot has announced its decision to abandon a months-long hostile takeover attempt of the Canadian mining firm Bitfarms—at least for now. Facing staunch opposition from Bitfarms and the implementation of a “poison pill” defense strategy by Bitfarms’ shareholders, Riot has decided to withdraw its bid to acquire Bitfarms at $2.30 per share. […]

Power Play: Hut 8 Nets $150M to Conquer AI—What’s Next?

North American Bitcoin mining firm Hut 8 has made headlines with a significant financial milestone, announcing a $150 million strategic investment from Coatue. This investment, structured as a convertible note, is set to catalyze Hut 8’s ambitious expansion into the AI infrastructure market. As the demand for AI compute capacity continues to rise, outstripping the […]

Australia Embraces Bitcoin ETFs with ASX’s Latest Listing

Australia’s investment landscape took a significant leap forward with the listing of its first spot-bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) this Thursday. The launch of the VanEck Bitcoin ETF (VBTC) marks a notable advancement in the country’s crypto investment options, as ASX dominates about 90% of Australia’s equity market. VBTC […]

Canada Proposes First North American Solana ETF

The landscape of cryptocurrency investment is poised for further expansion with the recent proposal for a Solana ETF in Canada. 3iQ, a prominent Canadian investment fund manager, has filed to launch The Solana Fund (QSOL), marking it as potentially the first Solana exchange-traded product in North America. This announcement comes on the heels of the […]