Bitfinex analysts say that Bitcoin holders who bought in Q1 are now being tested as “the price churns sideways near ATH levels.” Bitcoin may be on the verge of reclaiming its all-time high of $111,970, but crypto analysts say there’s little fundamental support for the asset to meaningfully break above the level. “The risk of...Continue Reading

South Korea’s ruling party under new president Lee Jae-myung is pushing legislation to allow local stablecoin issuance and boost crypto market growth. South Korea’s newly elected president Lee Jae-myung is fast-tracking his campaign promise to allow the issuance of domestic stablecoins, as his party has moved forward with a crypto bill. Lee’s ruling Democratic Party...Continue Reading

Other narratives of interest on social media included the accumulation of crypto by whales like millionaire crypto trader James Wynn, Solana, Loud Token and various memecoins. The crypto community has taken a keen interest in artificial intelligence of late, including discussing its potential to replace humans in jobs, according to the onchain analytics platform Santiment. ...Continue Reading

BlackRock’s Bitcoin ETF milestone came shortly after the fund wrapped up a massive 31-day inflow streak. BlackRock’s spot Bitcoin exchange-traded fund has become the fastest ETF in history to surpass $70 billion in assets under management. “IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341...Continue Reading

Crypto-tied US companies gained alongside Bitcoin on Monday, as public firms continued to scoop up the cryptocurrency. US crypto-linked stocks rose alongside Bitcoin to close the Monday trading day at a gain as more publicly traded firms added the asset to their treasuries.  The country’s four biggest crypto miners and some of its major crypto...Continue Reading

New York City-based Bitcoin investment company Parataxis Holdings is exploring a public listing via merging with SilverBox Corp IV, a special purpose acquisition company. Parataxis Holdings, a Bitcoin investment platform, is looking to go public through a merger with a $200 million special acquisition company. The New York Stock Exchange-listed SPAC SilverBox Corp IV entered...Continue Reading

Analysts say Bitcoin could break its all-time high within one to two weeks, following breakout patterns seen recently in gold and the S&P 500. Key takeaways: A newly created whale wallet opened a $54.5M 20x long position on Bitcoin at $106,538. Bitcoin nears $108,000 as US-China trade talks and bullish equity forecasts lift market sentiment....Continue Reading

The amount of Ethereum now staked is almost 30% of the current circulating supply, reaching a new record this week. Staked Ethereum has clocked a new record as the asset’s price reclaimed a 12-day high amid major institutional accumulation.  The amount of Ether (ETH) staked on the Beacon Chain reached a record high of 34.65...Continue Reading

Rising futures open interest, robust spot ETH ETF flows, and a bullish technical analysis indicator forecast an Ethereum price rally to $3,000. Key takeaways: Ether futures open interest has surged 40% in 30 days, while the spot ETH ETFs marked four consecutive weeks of inflows. ETH’s Gaussian channel indicator suggests a rally to $3,100 to...Continue Reading

Two bills in the US Congress considering stablecoins and a digital asset regulatory framework will reach crucial stages this week after long debates and controversies. US lawmakers on the House Financial Services Committee are expected to meet for a markup hearing on Tuesday to consider a cryptocurrency market structure bill, which could be amended to...Continue Reading