💰 Bitcoin Open Interest Reaches All-Time High Of $36.3 Billion
Bitcoin futures interest tapped an all-time high in US dollar terms on Monday, reaching over 500,000 BTC worth $36.3 billion. Analysts say the overwhelming surge in open interest relates to a clever arbitrage play levied by institutional traders between Bitcoin’s futures and spot markets. In a Tuesday newsletter, lead Glassnode analyst James Check theorized that leveraged funds are simultaneously shorting Bitcoin on the CME while buying up coins in equal measure via the Bitcoin spot ETFs.
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🇺🇸 Silicon Valley courts Trump in latest crypto campaigning push: report
Former United States President and current leading Republican presidential candidate Donald Trump took to Silicon Valley in his latest campaign financing efforts. Trump raised $12 million from a Thursday night fundraiser held at the San Francisco house of David Sacks, a tech entrepreneur and investor, Reuters reports citing people who attended the fundraiser. Social Capital CEO Chamath Palihapitiya cohosted the event.
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💰 Elizabeth Stark of Lightning Labs speaks on Bitcoin being the solution for everyone having "equal democratized access to open source global free money.”
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💰 Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer
Bitdeer’s (Nasdaq: BTDR) decision to purchase Desiweminer follows a comprehensive ten-month evaluation period, underscoring the strategic nature of this acquisition aimed at bolstering its ASIC design capabilities. Desiweminer, known for its sophisticated chip designs suitable for ultra-fine 4nm processes, will see its team integrated into Bitdeer’s operations in Singapore.
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JUST IN: 💰 Galaxy Digital CEO says Bitcoin could end the year at $100,000 or higher
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💰 Chamath has his team do the math on the Bitcoin halving and comes up with cycle high targets ranging between $200k - $500k
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💰 Bitcoin Falls Below $67K, More Than 75K Traders Liquidated Amid Market Decline
On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions.
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💰 Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge
Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised his followers to purchase it.
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💰 “Bitcoin is the most important thing happening in the world today.”
- Erik cason
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💰 Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants.
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💰 StanChart predicts new ATH on favorable payroll data, maintains $150k Bitcoin price
Bitcoin is poised to reach a new all-time high this weekend if upcoming payroll data on June 7 is favorable, according to Standard Chartered’s head of crypto research Geoffrey Kendrick. The flagship crypto was trading a little above $71,000 as of press time. Kendrick also reaffirmed previous projections and said he maintains a bullish outlook on Bitcoin’s price, predicting it will reach $150,000 by the end of 2024 and $200,000 by the end of 2025.
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🚀 30,000 Nodes have SOLD OUT! Total sales surpass $25 million! Phenomenal pace! 🎉
Reminder: 25% of the total token supply is allocated to node verifiers, reducing by 25% every 6 months. The project raised $10M in Series A funding from OKX Ventures, IOSG Ventures, Fenbushi Capital, Hashkey, and others.
Act fast to secure your nodes before tiers increase!
Big thanks to everyone shaping the future of a user-owned internet! 🙏
👉🏻 Learn more: docs.carv.io/carv-protocol/verifier-node-explained/faq
🔗 https://x.com/carv_official/status/1798313999811182596
🪙 VanEck analysts raise Ethereum price target to $22,000 by 2030
Analysts working at U.S investment firm VanEck, which has applied to list a spot ether ETF, said they have raised their 2030 price prediction for Ethereum to $22,000. "We've raised our 2030 ETH price target to $22,000, influenced by ether ETF news, scaling progress, and our read of onchain data," VanEck posted to X on Wednesday with a link to the report authored by Matthew Sigel, Patrick Bush and Denis Zinoviev.
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✈️@CryptoWorldNews🌐
🪙 SEC Ethereum ETF decision unlikely driven by politics: Bernstein
The United States securities regulator’s decision to approve the spot Ether (ETH) exchange-traded funds may not have been a last-minute decision driven by political pressure, according to analysts at research and brokerage firm Bernstein. One of the leading theories behind the Securities and Exchange Commission’s sudden change in tone toward spot Ether ETFs in May was increased political pressure from the Democrats to win over swing voters in the lead-up to the U.S. election this November.
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✈️@CryptoWorldNews🌐
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💰 British-Chinese Woman Sentenced to 6 Years for Laundering Bitcoin in $6B Scam
In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, aged 42, was found guilty in March of laundering Bitcoin on behalf of her former boss, Yadi Zhang, whose real name is Zhimin Qian.
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✈️@CryptoWorldNews🌐