Bitcoin ETFs are sucking up the BTC available for purchase, and the tipping point in supply dynamics will come this year, one analyst says. Bitcoin (BTC) faces a “sell-side liquidity crisis” by September if institutional inflows continue, an industry analyst says. In a thread on X (formerly Twitter) on March 12, Ki Young Ju, founder...Continue Reading

U.S. Senator Cynthia Lummis said that while this shows that the government is bullish on crypto, a 30% tax would destroy the industry’s foothold in the country. United States President Joe Biden has revived the idea of a 30% tax on electricity used by crypto miners in his budget proposal for next year.  In a...Continue Reading

Starknet’s Gaming Committee will look to bankroll game devs as the blockchain’s activity keeps sliding and NFT floor prices drop even as ETH rises. The Starknet Foundation, which backs the Ethereum layer-2 blockchain Starknet, has formed a committee to push gaming on the network and set aside $125.5 million worth of tokens to bankroll the...Continue Reading

The Thailand regulator has made the changes necessary to allow certain investors to gain exposure to the United States-listed spot Bitcoin ETFs. Thailand’s Securities and Exchange Commission has reportedly amended its rules allowing the launch of private funds that invest in spot Bitcoin exchange-traded funds traded on United States exchanges.  However, only institutional investors and...Continue Reading

The MicroStrategy chairman argued the United States, Europe and China would be much more likely to embrace Bitcoin if it were seen as digital property, not a medium of exchange. Bitcoin (BTC) investors should treat Bitcoin less like a currency and more like a “billion dollar building in cyberspace” — to be held for a...Continue Reading

The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds. The price of Bitcoin (BTC) has surged to reach new all-time highs above $72,000, following a record-breaking week of inflows into crypto exchange-traded products (ETPs). According to a March 11 post from CoinShares analyst...Continue Reading

Senior Bloomberg ETF analyst Eric Balchunas says the chances of an ETH ETF approval grow slimmer every day the SEC maintains its radio silence with prospective fund issuers. A lack of communication from the Securities and Exchange Commission around Ether (ETH) exchange-traded funds (ETFs) toward issuers could be a bad sign for those hoping for...Continue Reading

The Central American nation’s Bitcoin stash is now worth more than $200 million, and recent government initiatives have been adding even more. President Nayib Bukele’s Bitcoin buying strategy has been paying off for El Salvador, which is now making 70% on the dollar cost average purchase price, following a recent Bitcoin rally.  El Salvador’s crypto...Continue Reading

Coinbase delivered an opening brief in a United States appeals court, arguing that the SEC should be forced to “engage in rulemaking.” Crypto exchange Coinbase has continued its legal fight against the United States Securities and Exchange Commission, asking a court to force the agency to “begin a long-overdue” process to make rules for the...Continue Reading

On-chain Bitcoin whales have had a slow return, despite Bitcoin surpassing its previous all-time high. The number of new daily Bitcoin (BTC) “millionaire” wallets has increased to around 1,500 following the asset’s recent rally to $72,000 — though the uptick is still dwarfed by the number of new millionaires minted daily during the last bull run. According...Continue Reading