Bookmarking Crypto Insights
Key points: Bitcoin and gold trade in lockstep on low timeframes as macro volatility triggers heighten. The Federal Reserve interest rate decision and press conference is just hours away. Market sentiment for rate cuts in 2025 decreases sharply ahead of the FOMC meeting. Bitcoin (BTC) saw a flash short-term trend change into May 7 as … Read more
Japan’s Metaplanet has purchased an additional 555 Bitcoin as part of its aggressive accumulation strategy, bringing its total holdings to 5,555 BTC — valued at over $536 million at current prices. On May 7, the Tokyo-listed firm disclosed that it spent $53.4 million acquiring 555 Bitcoin (BTC) at an average price of $96,134. The company … Read more
Movement Labs confirmed the termination of its co-founder, Rushi Manche, following controversies over a market maker deal that he brokered. Movement Labs made the announcement in a May 7 X post, stating it had “terminated Rushi Manche.” The project said it “will continue under a different leadership.” The post also hints at upcoming governance changes. … Read more
The bank’s analysis says that BNB trades like “an unweighted index” of bitcoin and ether “in terms of both returns and volatility.” Standard Chartered Forecasts BNB to Hit $2,800 Within Four Years Standard Chartered Bank, the $800-billion financial institution headquartered in London, England, published a research report on Tuesday predicting that BNB, the cryptocurrency powering … Read more
Thrive Capital, a venture capital firm backed by OpenAI, has led a significant $900 million funding round for Anysphere raising its valuation to approximately $9 billion. Anysphere’s Valuation Rises More Than Threefold Venture capital firm Thrive Capital recently led a massive $900 million funding round for Anysphere, the creator of the rapidly expanding artificial intelligence … Read more
A hacker involved in the $4.67 million exploit of the decentralized finance lending protocol Voltage Finance in 2022 has moved some of the stolen Ether to Tornado Cash after a short hibernation. Blockchain security firm CertiK said in a May 6 post to X that the 100 Ether (ETH), worth $182,783 at current prices, was … Read more
Key takeaways: Large Bitcoin holders have accumulated 81,338 BTC over the past six weeks, showing confidence in a future price uptrend. Wallets with less than 0.1 BTC sold around 290 BTC, indicating smaller retail investors are either panic selling or selling out of boredom. Spot Bitcoin ETFs have seen $4.41 billion in inflows since March … Read more
Investors have been piling into BlackRock’s spot Bitcoin exchange-traded fund for over three weeks straight, culminating in the asset’s run up to $97,000 on May 7. The BlackRock iShares Bitcoin Trust has seen 16 days of inflows for the spot BTC ETF, with a further 280 Bitcoin (BTC) or around $36 million piling into the … Read more
South Korea’s Democratic Party leader Lee Jae-myung has reportedly become the latest presidential candidate to promise the approval of spot crypto exchange-traded funds (ETFs) and other crypto-friendly measures, should he be elected. Lee announced his crypto promises on May 6 as part of a broader initiative to provide more investment opportunities for Korea’s youth, one … Read more
Chainlink has announced the launch of Chainlink Rewards, a new community engagement program aimed at incentivizing participation. In collaboration with Space and Time, a member of the Chainlink Build program, the initiative will make 4% of Space and Time’s total SXT token supply, amounting to 200 million SXT, available to eligible LINK Stakers. The first … Read more
