Bitwise: US Bitcoin Reserve Speculations Propel Crypto Market Gains

Recent findings from Bitwise’s Weekly Crypto Market Compass for Week 47, 2024, reveal an upbeat trajectory for cryptocurrency markets, with bitcoin leading the charge. Its performance has outshined traditional financial assets, propelled by optimism surrounding U.S. reserve strategies and an intensifying supply crunch. Bitwise Analysis: Bullish Sentiments Drive Crypto Assets to New Heights Cryptocurrencies have … Read more

Microstrategy Buys 51,780 Bitcoin, Raising Holdings to 331,200 BTC as Saylor Prepares for $100K Party

Microstrategy’s massive $4.6 billion bitcoin buy pushes its holdings to 331,200 BTC, fueling bold predictions of $100K soon and a bull case of $49 million. Microstrategy Secures 51,780 BTC, Pushing Bitcoin Treasury Beyond $16 Billion Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) filed a report with the U.S. Securities and Exchange Commission (SEC) on Monday, … Read more

Crypto ETFs Take a Hit: Fidelity and Grayscale Lead Losses

On Friday, after a tough Thursday of losses, the 12 spot bitcoin exchange-traded funds (ETFs) faced another dip. Similarly, the nine spot bitcoin ETFs didn’t fare any better, wrapping up the day in the red. Bitcoin and Ether ETFs—Fidelity, Grayscale, Valkyrie, Bitwise, Ark Invest, and Vaneck Hit With $430M Outflows On Nov. 15, U.S. spot … Read more

Goldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million

The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that Goldman Sachs now owns $710 million in cryptocurrency assets. The 13F report is a mandatory … Read more

Solidion Technology Allocates 60% of Its Cash to Buying Bitcoin

Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions. Strategic Bitcoin Allocation for Solidion Treasury Solidion Technology, a provider of advanced battery materials, announced on Thursday that it had invested a portion of its excess cash reserves in bitcoin. This strategic move aligns with the company’s … Read more

Bitwise Applies to List First Crypto Index Fund as an Exchange-Traded Product

The listing is part of Bitwise’s strategy to continue to give investors a range of exposure to digital assets. Bitwise Set to Expand Crypto Index Fund NYSE Arca has applied to list the Bitwise 10 Crypto Index Fund (BITW), the first and largest cryptocurrency index fund globally, as an exchange-traded product (ETP), Bitwise Asset Management … Read more

ETF Exodus: Bitcoin Funds Bleed $400M—What’s Next?

On Thursday, U.S. spot bitcoin and ethereum ETFs hit a snag, snapping a streak of inflows. Ethereum Funds Falter as Bitcoin ETFs Face $400M Outflow Bitcoin (BTC) saw a slight dip, slipping below $90,000, while U.S. spot bitcoin ETFs experienced outflows totaling $400.67 million. Not everyone took a hit, though. Blackrock’s IBIT picked up $126.53 … Read more

Sol Strategies Purchases 4 New Validators in $18 Million Deal

Sol Strategies acquires four new validators to increase investment opportunities for shareholders via staking rewards. New Validators for Sol Strategies Four validators have been acquired by Sol Strategies (HODL), a cryptocurrency investment company run by Leah Wald, former CEO of Valkyrie Investments, for around $18 million in cash and stock. Validators are organizations that handle … Read more

Donald Trump’s World Liberty Financial Taps Chainlink to Secure Defi Platform

World Liberty Financial (WLF) aims to achieve its aim of launching the next wave of broad defi adoption through the security and dependability of Chainlink. Chainlink to Power World Liberty Financial’s Defi Ecosystem World Liberty Financial (WLF), a decentralized finance (defi) platform backed by Donald Trump has announced a strategic partnership with Chainlink, the standard … Read more

Bitcoin Surge Drives Deribit to $40.8 Billion Open Interest Peak

Deribit reached an all-time high in open interest this week, totaling $37.6 billion across bitcoin and ether contracts, signaling intensified activity in cryptocurrency derivatives amid bitcoin’s recent price volatility. Amid Bitcoin’s Climb, Deribit Reaches Unprecedented Open Interest High Deribit, a prominent platform for cryptocurrency derivatives trading, has reached an all-time high in open interest across … Read more