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💰 Bitcoin whales on the rise as numbers hit three-year high as ETFs join cohort
The Bitcoin landscape has witnessed a significant uptick of Bitcoin whales—entities holding 1,000 BTC or more. Their numbers have surged in recent weeks, coinciding with Bitcoin’s rise from $38,000 to $51,000. Currently, there are 1,602 Bitcoin whales, a considerable uptick from 1,482 in January. This surge not only eclipses the March and April 2022 peak of 1,601 whales, but also marks a three-year high unseen since March 2021.
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💰 Craig Wright Fails To Name Anyone He Sent Bitcoin To As “Satoshi”
The computer scientist said his memory fails him in naming one of the hundreds of supposed recipients of “Satoshi’s” Bitcoin. The seventh day of the COPA v. Wright trial kicked off on Tuesday, exposing a glaring weakness in the latter’s argument to convince the court that he is the creator of Bitcoin. When pressed by prosecutors, Craig Wright failed to name a single person outside of the public domain to whom he had sent Bitcoin under the name of Satoshi.
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💰 Why This Year’s Bitcoin Halving Is “Actually Different”: Grayscale
Bitcoin ETFs, Ordinals, and a developer renaissance mean this year’s halving cycle may not play out like the last, the crypto fund claims. The upcoming Bitcoin (BTC) halving is likely a bullish development, but a slew of outside factors mean it likely won’t play out the same as in previous years, according to Grayscale. Last month, the company successfully converted its Grayscale Bitcoin Trust (GBTC) into the world’s largest Bitcoin ETF. The introduction of such ETFs, according to Grayscale, may impact Bitcoin’s price as if it were a second halving within a single year.
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💰 Lower Bitcoin miner revenue after halving will be bolstered by Ordinals fees: Grayscale
About two months from now, in mid-April 2024, Bitcoin will undergo a massive change, halving its reward for miners that successfully complete a block. Known as "halving" or "the halvening," the event is often seen as bullish for Bitcoin, as several halvings in the past have been followed by sustained increases in the price of Bitcoin. This suggests that while scarcity does sometimes influence price, other factors also play a role," the analysts wrote, citing broader macroeconomic conditions as one factor.
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💰 BlackRock, $BLK, CEO this year: Bitcoin is no different than what gold was for thousands of years...it's an asset that protects you.
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin ETFs Outperform Three Decades of U.S. Launches
Bitcoin Spot Exchange-Traded Funds (ETFs) achieved a historic milestone by accumulating over $6 billion in assets within their first month of trading, surpassing any ETF launched in the United States in the past three decades. This accomplishment occurred as Bitcoin rose above $47,000, making Bitcoin Spot ETFs the only ones among over 5,500 ETFs to reach such a significant milestone within the initial 17 trading days.
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💰 Citrea Proposes First ZK Rollup to Make Bitcoin the All-Chain
Citrea, a project that aims to scale Bitcoin through ZK rollups, came out of stealth on Tuesday. The project aims to become a pathway for several initiatives to take advantage of the decentralization and security of Bitcoin while at the same time contributing to scaling and giving developers the ability to adapt Ethereum Virtual Machine (EVM) apps into the protocol.
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💰 Apple co-founder Steve Wozniak says, "Bitcoin is safe, stable, and conservative”
🔹 @Crypto_Ethereum_Bitcoin 🔹
#BTC Update:
What a pump 📈
BTC pumped right after the trendline breakout we discussed earlier
Bulls are in control, but watch out for potential resistance levels ahead.
@ChartsSignalsTrading
🟠 Binance retakes leads over CME as top Bitcoin futures market
Binance has overtaken CME as the leading exchange in terms of Bitcoin futures open interest once again. This change in ranking represents the total amount of funds allocated in open futures contracts, which now stands at approximately 105,000 BTC on Binance and roughly 101,000 BTC on CME. The data reveals a key trend: the rotation from futures such as BITO into cheaper spot Bitcoin ETF products, triggered by the approval of the ETF.
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💰 Ads for Bitcoin spot ETFs Go Live on Google
Spot Bitcoin Exchange-Traded Funds (ETFs) were approved in the United States by the Securities and Exchange Commission (SEC) in early January. A report from Financial Times claims that Bitcoin ETF ads have been made live on search engine Google. Google’s updated advertising guidelines now permit the display of ads promoting ‘cryptocurrency coin trusts’ alongside search results for queries related to ‘bitcoin ETF.’
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🇪🇸 Spanish Treasury to seize crypto to pay tax debts
The Spanish Ministry of Finance is looking to expand its control over the monitoring of cryptocurrencies in the country to allow it to seize digital assets to settle tax debts. The ministry, led by María Jesús Montero, is developing legislative reforms to the General Tax Law, specifically Article 162, to allow the Spanish Tax Agency to identify and seize crypto assets owned by taxpayers who have overdue debts, according to reports.
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According to the data, publicly-traded entities with the largest 🥇 BTC holdings include:
⚫ Grayscale: 487,026 BTC
⚫ MicroStrategy: 189,150 BTC
⚫ BlackRock: 66,200 BTC
⚫ Fidelity: 59,224 BTC
⚫ Purpose Investments: 32,318 BTC
🤝 @Cryptocurrency_Inside ✅
💰 'Wolf Of All Streets' Explains Bitcoin Halving Could Send BTC to $240,000
Scott Melker, also known as the “Wolf Of All Streets,” has explained why the upcoming Bitcoin halving could push the price of the cryptocurrency to $240,000. Noting that in the last halving cycle, bitcoin’s price went from the $20,000 high to the $69,000 high, he stressed that it’s an appreciation of 250.86%. If a similar trend occurs, he said, “we’re looking at bitcoin around $240,000.”
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🟠 Binance Data Including Code, Internal Passwords Leaked on GitHub: Report
According to 404 Media, the material, posted by an account called "Termf," included code, infrastructure diagrams, internal passwords, and other technical information. Some code available on the site is reportedly related to Binance's implementation of security measures, including passwords and multi-factor authentication (MFA).
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🏴 Aptos implements passwordless passkey authentication for transactions
Aptos Labs has introduced a new way for users to sign transactions on its Layer 1 blockchain network: passkeys that eliminate the need for setting up passwords. "We have made changes on the blockchain and created a novel passkey authenticator on Aptos that will take a transaction, the passkey signature, the passkey public key, and validate the transaction with that information," Avery Ching, co-founder and CTO of Aptos Labs, told The Block.
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🏦 Coinbase unfreezes Debt Box assets amid SEC controversy
Coinbase has lifted the freeze on Debt Box’s assets after discovering discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. According to Grewal, Coinbase challenged the SEC’s order because the regulator “sat silently” instead of “immediately pulling its order after admitting that it deceived the Court.” The exchange attempts to get an explanation from the authorities proved futile as it was met with “more silence.”.
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💰 Bitcoin approaches new yearly highs after erasing 20% dip
Bitcoin touched the $49,000 on Feb. 12, reclaiming the price levels it hit after the historic approval of spot Exchange-Traded Funds (ETFs) related to the flagship crypto at the start of January. Bitcoin surged as U.S. markets opened for trading, erasing the 20% drop following the ETF approvals as traders executed a “buy the rumor, sell the news” event, and whales began taking profit on their holdings from the 160% rise over 2023.
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💰 Bitcoin Hovers Near One-Month High on ETF Inflows, Looming Halving
The largest digital asset rose about 5.6% at 1:44 p.m. in New York on Friday after climbing as high as $48,187. Smaller tokens such as Ether, Solana and Cardano also pushed upward. Bitcoin is now up 12% so far this year, beating even the so-called Magnificent Seven mega-cap tech stocks. Traders also pointed to the Lunar Chinese New Year as another factor in the price gains, with market participants in the Asia Pacific region focusing on family gatherings and celebrations.
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🟠 Bitcoin is the new gold and all ETF news help nation-states come to terms with that reality 💪
Samson Mow and Robert Breedlove discuss why there's no going back from this as more money keeps flowing into the new ETFs!
@ChartsSignalsTrading
💰 Short-term custodial crypto accounts soar 250% with Bitcoin ETF hype
The total assets under custodial accounts increased by 250% during the past four months amid the hype surrounding the spot Bitcoin exchange-traded fund (ETF), according to a Bitget report shared with CryptoSlate. Bitget attributed the surge to the broader crypto market performance and the escalating anticipation of a bull run among its users. In addition, the firm identified the integration of cryptocurrencies into daily life activities as another pivotal factor that propelled the sector’s growth.
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💰 Bitcoin price rises above $45,000 as miner selling pressure eases off: CryptoQuant
Bitcoin broke through the $45,000 mark on Thursday, as on-chain data shows miner selling pressure is beginning to ease off. According to CryptoQuant, on-chain data shows that the largest U.S. publicly traded bitcoin mining companies have continued to increase their bitcoin holdings. For example, CryptoQuant's charts show Marathon Digital's bitcoin holdings have increased steadily over the past few months.
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🇺🇸 SEC Delays Decision on Invesco-Galaxy Spot Ethereum ETF Proposal
May 23 continues to be a significant date for the approval of spot Ethereum ETFs, representing VanEck’s final deadline for approval. The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar delay in December and aligns with the SEC’s recent trend of pushing back deadlines for Ethereum ETF proposals.
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🇺🇸 SEC adopts rule to have stricter oversight over dealers, looping in crypto and DeFi
The Securities and Exchange Commission voted to adopt rules that require market participants who have significant liquidity-providing roles to comply with federal securities laws, looping in cryptocurrency to the mix. The SEC voted 3-2 to adopt that rulemaking in a meeting on Tuesday, which in its proposed 194-page form included one mention of crypto in a footnote.
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💰 Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements
The Brazilian tax authority has reported identifying cryptocurrency irregularities in more than 25,000 tax statements. After a country-wide investigation, the institution detected that 25,126 individuals who possessed at least 0.05 BTC failed to include these holdings in its income tax statements, opening the doors for receiving fines or being charged for crimes against the tax system.
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💰 Facebook, Instagram Will Join Google Enabling Bitcoin ETF Ads
Two of the world’s largest social media platforms will allow companies to advertise spot Bitcoin ETFs (exchange-traded funds). This represents a significant stride toward the increasing mainstream acceptance of cryptocurrencies. The new policies could pave the way for Bitcoin ETF ads to be featured on Facebook and Instagram. These companies have a colossal user base of over 2 billion monthly active users each,
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💰 The U.S. Government Seems to Be Closing in on Bitcoin Mining
The U.S. Department of Energy (DOE) is taking a closer look at bitcoin {BTC} mining. Is this cause for alarm? More specifically, the Energy Information Administration (EIA), a statistics agency under the DOE, will survey the electricity use of selected U.S.-based miners over the coming six months starting next week, after putting out an “emergency collection of data request.”
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💰 Grayscale's GBTC Bitcoin Holdings: A $6 Billion Exodus in 22 Days
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024, GBTC has offloaded a total of 138,742.56 bitcoin, valued at slightly over $6 billion based on prevailing exchange rates.
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💰 Solana registers all-time high in monthly new addresses for January
There was significant increase in the number of new addresses on the Solana blockchain during the month of January, according to The Block’s data dashboard. The monthly count of new addresses on Solana increased to 11.81 million for January. This gain represents an 18% rise in new addresses on the network from December’s count of about 10 million — which was a multi-month high at the time.
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