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23 декабря 2024 05:40

💰 US Bitcoin reserve could slash national debt 35% by 2049: VanEck

The United States could reduce its national debt by 35% in the next 24 years if it creates a reserve of 1 million Bitcoin, in line with a bill proposed by Senator Cynthia Lummis, says asset management firm VanEck. VanEck’s estimate assumed Bitcoin will increase at a compounded annual growth rate (CAGR) of 25% to $42.3 million by 2049, while US national debt climbs at a 5% CAGR from $37 trillion at the start of 2025 to $119.3 trillion over the same time.

Source

@TradeCryptoNow

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21 декабря 2024 08:29

📣 More than 100 crypto hedge funds report banking hurdles in the past 3 years

Around 120 hedge funds engaged in crypto reported hurdles in accessing banking services over the three years, The Wall Street Journal reported on Dec. 20. The number represents roughly 75% of 160 hedge funds recently surveyed by the Alternative Investment Management Association (AIMA).

Source

@TradeCryptoNow

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19 декабря 2024 20:29

💰 Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut

Bitcoin (BTC) fell to a low of $100,300 following hawkish comments by Fed chair Jerome Powell during the Federal Open Market Committee’s (FOMC). Markets retreated lower despite the expected 25 basis point cut in the US interest rate, bringing the rate to the 4.5% to 4.75% range. Bitcoin was trading at $100,740 as of press time, down 5.7% over the past 24 hours, based on CryptoSlate data.

Source

@TradeCryptoNow

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17 декабря 2024 05:29

💰 Riot Platforms buys more bitcoin, raising holdings to 17,429 BTC

Riot Platforms has used proceeds from a recent convertible senior notes offering to increase its bitcoin holdings. "With the additional proceeds from Riot’s upsized $594 million, 0.75% coupon convertible bond issue, the Company has acquired 667 BTC at an average price of $101,135 per BTC," the company said Monday morning. "As a result, Riot has increased its holdings to 17,429 BTC, currently valued at $1.8 billion based on the current market price of BTC of $103,873."

Source

@TradeCryptoNow

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13 декабря 2024 07:44

💰 BlackRock recommends 2% starting allocation to Bitcoin in investment portfolios

According to a paper released Dec. 12, BlackRock suggests that a 1% to 2% Bitcoin allocation in multi-asset portfolios matches the risk levels found in portfolios holding technology stocks. The asset manager, which oversees trillions of dollars, frames this range as a strategic starting point for investors seeking diverse sources of risk.

Source

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11 декабря 2024 03:34

🇮🇳 Jetking Infotrain becomes India’s first public company to hold 💰 Bitcoin as treasury reserve

Jetking Infotrain became India’s first publicly traded company to adopt Bitcoin (BTC) as a reserve asset for its treasury after purchasing 12 BTC on Dec. 9, according to the firm’s CEO Avinash Bharwani. The company’s Bitcoin reserve is worth roughly $1.2 million, at $97,986.35 per BTC as of press time. According to Google Finance data, Jetking Infotrain’s market cap is nearly $4.5 million, which means the firm’s BTC stash represents over 26% of its size.

Source

@TradeCryptoNow

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08 декабря 2024 18:39

🇦🇺 Australia intensifies crypto ATM oversight to curb money laundering risks

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has intensified efforts to enforce Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regulations among crypto ATM providers. Despite the country having around 400 registered crypto exchanges, only a small portion operate crypto ATMs. This gap leaves a significant share of Australia’s 1,200 crypto ATMs potentially non-compliant.

Source

@TradeCryptoNow

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05 декабря 2024 05:29

💰 Fed chair Powell views Bitcoin as digital gold, not a dollar competitor

The Federal Reserve Chairman Jerome Powell dismissed the notion of Bitcoin as a replacement for the U.S. dollar, instead framing the leading crypto as a speculative asset comparable to gold. Powell shared his insights during an appearance at The New York Times DealBook Summit in Manhattan, emphasizing Bitcoin’s volatility and limited use as a form of payment or store of value.

Source

@TradeCryptoNow

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26 ноября 2024 08:29

💰 MicroStrategy’s Bitcoin treasury swells to 386,700 BTC en route to 4% of total supply

MicroStrategy has purchased a staggering 135,000 Bitcoin (BTC) in three transactions. These acquisitions amount to 35% of the company’s total BTC holdings and underline its ongoing commitment to Bitcoin as a core asset. On Nov. 25, the company disclosed its largest Bitcoin acquisition, buying 55,500 BTC for $5.4 billion. This purchase—detailed in a filing with the US Securities and Exchange Commission (SEC)— equates to an average price of $97,862 per Bitcoin.

Source

@TradeCryptoNow

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23 ноября 2024 04:35

💰 Institutions using Bitcoin to support pension funds, adding BTC to loans

Newmarket Capital has completed a loan that combines traditional real estate financing with Bitcoin collateral, introducing a novel approach to lending reported on CNBC’s “Squawk Box” on Nov. 22. The loan refinances a 63-unit multifamily property in Philadelphia and incorporates 20 Bitcoin into the collateral package.

Source

@TradeCryptoNow

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21 ноября 2024 07:40

💰 Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments

Bitcoin ETFs have attracted over $1 billion in inflows so far this week. Data from Nov. 18 shows total ETF inflows at $254.8 million, which surged to $816.4 million on Nov. 19. On Nov. 19, ARK’s ARKB led with inflows of $267.3 million, followed by Fidelity’s FBTC with $256.1 million and BlackRock’s IBIT with $216.1 million. These figures represent substantial increases from the previous day, where IBIT and FBTC recorded inflows of $89.3 million and $60 million, respectively.

Source

@TradeCryptoNow

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19 ноября 2024 19:30

💰 Spot Bitcoin ETF options set to debut this week following OCC approval, analysts predict

The Office of the Comptroller of the Currency (OCC) stated in a Nov. 18 memo that it is “preparing for the clearance, settlement, and risk management” of options trading on BlackRock’s spot exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT). Alison Hennessy, head of ETP listings at Nasdaq, said during an appearance on Bloomberg that the exchange intends to list and trade options on IBIT “as soon as tomorrow.”

Source

@TradeCryptoNow

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17 ноября 2024 09:34

💰 206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs

According to 13F filings released so far for the past quarter, 206 companies listed in the US with over $100 million in assets invested have confirmed to the SEC ownership of spot Bitcoin ETF shares. Notable inclusions in the most recent wave of 13F filings include JP Morgan Chase, Goldman Sachs, Bank of Canada, HSBC, Morgan Stanley, Bank of America, UBS Group, and the State of Michigan Retirement Fund.

Source

@TradeCryptoNow

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15 ноября 2024 12:14

💰 Ex-TD Ameritrade CEO says Bitcoin is ‘here to stay,’ foresees significant growth

Joe Moglia, former CEO of TD Ameritrade, projected that Bitcoin (BTC) is primed for substantial growth, reinforcing its position as a vital asset in the global financial landscape. Moglia made the statement during a CNBC interview on Nov. 14, where he highlighted a fundamental shift in institutional attitudes toward digital assets as regulatory conditions evolve under President Donald Trump’s administration.

Source

@TradeCryptoNow

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13 ноября 2024 04:31

🪙 Trump confirms ‘DOGE’ efficiency dept. will be led by Musk and Ramaswamy as Dogecoin’s market cap swells

U.S. President-elect Donald Trump announced that he has chosen Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead the Department of Government Efficiency. “Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump wrote in his announcement.

Source

@TradeCryptoNow

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22 декабря 2024 03:30

🇺🇸 SEC Commissioner predicts early improvements for crypto ETFs under new leadership

Crypto exchange-traded funds (ETF) changes, such as in-kind redemptions and staking permission for Ethereum (ETH) products, are likely to happen “early on” under a new US Securities and Exchange Commission (SEC) administration. SEC Commissioner Hester Peirce shared during an interview for Coinage that these matters may arrive for a regulator review as soon as Paul Atkins takes the role of chairperson.

Source

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20 декабря 2024 19:29

💰 Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%

Bitcoin’s price appears to be pulling back approximately 250 days after the April 2024 halving, aligning with patterns observed following the May 2020 halving. Historical charts show a notable climb following the May 2020 event, which reversed briefly after about 250 days by around 30%. Following the retracement, Bitcoin increased by 140% over the next 290 days. The last cycle’s all-time high was 546 days after the halving.

Source

@TradeCryptoNow

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18 декабря 2024 05:34

💰 EU urged to follow El Salvador’s lead with Bitcoin reserves by European MP

European Union Member of Parliament Sarah Knafo has urged the bloc to prioritize a Strategic Bitcoin Reserve instead of moving forward with the European Central Bank’s (ECB) digital euro project. In a Dec. 17 video shared on X, Knafo criticized the ECB’s plan for a centralized digital currency, arguing it risks financial freedom and overreach.

Source

@TradeCryptoNow

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15 декабря 2024 06:34

💰 VanEck foresees $180k Bitcoin by Q1 2025 in dual-peak bull market

VanEck projected significant developments for the crypto industry in 2025, ranging from a dual-peaked bull market to the US adopting Bitcoin as a strategic reserve asset. The firm’s 2025 predictions report envisions milestones that could redefine the role of digital assets in global finance, driven by regulatory clarity and institutional momentum.

Source

@TradeCryptoNow

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12 декабря 2024 02:55

💰 Options wield outsized influence on Bitcoin’s volatility

Bitcoin soared past $103,000, the unseen forces in the options market began to unfold a gripping narrative. While many watched the price charts, a deeper story was playing out in the options/futures open interest ratio—a predictor of the market's pulse. A moderate ratio suggested that hedgers were influencing Bitcoin's gravity-defying run.

Source

@TradeCryptoNow

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09 декабря 2024 21:49

🇺🇸 Crypto industry frustrated over possibility of SEC commissioner Caroline Crenshaw’s renomination

On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election.

Source

@TradeCryptoNow

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06 декабря 2024 16:34

💰 Trump celebrates Bitcoin surpassing $100k milestone following election win

President-elect Donald Trump lauded Bitcoin’s (BTC) record-breaking ascent past $100,000, congratulated Bitcoin investors on his Truth Social platform, and attributed the milestone to his influence. Trump declared that Bitcoin investors are “welcome,” framing the surge as a testament to his pro-growth policies.

Source

@TradeCryptoNow

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28 ноября 2024 23:31

💰 Metaplanet continues to emulate MicroStrategy with planned $62M Bitcoin expansion

Tokyo-listed investment firm Metaplanet plans to raise 9.5 billion yen (approximately $62 million) to strengthen its Bitcoin portfolio. In a Nov. 28 statement, the company revealed that the funds will be raised through its 12th Series Moving Strike Stock Acquisition Rights. These rights will be allocated to EVO FUND via third-party allotment between Dec. 17, 2024, and June 16, 2025.

Source

@TradeCryptoNow

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24 ноября 2024 09:30

🪙 Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: CryptoQuant

Ethereum’s derivatives market may be signaling bullish momentum as futures open interest surged over 12% to an all-time high of $20.8 billion on Friday. This follows a 7% price increase over the past 24 hours that pushed Ethereum to $3,365, according to The Block’s price page. Open interest, which measures the total number of outstanding contracts in a derivatives market, has reached unprecedented levels for Ethereum.

Source

@TradeCryptoNow

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22 ноября 2024 04:31

💰 MicroStrategy completes its $3 billion debt offering to buy more bitcoin

MicroStrategy has completed a $3 billion debt offering to buy more bitcoins, according to an announcement on Thursday. According to the announcement, the offering was completed within three days. MicroStrategy initially sought to raise $1.75 billion but upsized the sale to $2.6 billion with an option for the initial purchasers to buy an additional $400 million in aggregate principal amount of the notes.

Source

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20 ноября 2024 08:09

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18 ноября 2024 21:29

💰 Crypto funds see $2.2 billion inflow, pushing 2024 total to $33.5 billion

Last week, digital asset investment products saw $2.2 billion in inflows, reflecting a broader market uptrend driven by Donald Trump’s recent victory at the just-concluded US presidential election. In the first half of the week, inflows peaked at $3 billion, lifting total assets under management (AUM) to an all-time high of $138 billion. However, Bitcoin’s record price performance during the period prompted an outflow of around $866 million, resulting in a net inflow of $2.2 billion.

Source

@TradeCryptoNow

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16 ноября 2024 03:39

💰 Rising Bitcoin tides lift small-cap companies to bold reserve strategies

Three publicly traded companies — Thumzup Media Corporation, Solidion Technology, and Genius Group — are gaining attention by incorporating Bitcoin into their treasury reserves. These firms, each with a market capitalization under $50 million, are making bold moves as Bitcoin continues to attract interest from both retail and institutional investors following its recent surge to an all-time high of more than $93,000.

Source

@TradeCryptoNow

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14 ноября 2024 03:50

💰 BlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 days

BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed every exchange-traded fund (ETF) launched in the past decade in terms of total assets. On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in assets— just two weeks after hitting $30 billion. This achievement came in a record 211 days, almost 6x lower than the previous record of 1,253 days set by the iShares Core MSCI Emerging Markets ETF (IEMG).

Source

@TradeCryptoNow

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11 ноября 2024 22:31

💰 MicroStrategy acquires another 27,200 bitcoin for more than $2 billion

MicroStrategy, the largest corporate holder of bitcoin, acquired approximately 27,200 bitcoin for roughly $2.03 billion in cash at an average estimated price of $74,463 per coin, including fees and expenses. MicroStrategy and its subsidiaries held an approximate aggregate of 279,420 bitcoin acquired for an approximate aggregate purchase price of $11.9 billion — equating to an average purchase price of $42,692 per coin, including fees and expenses.

Source

@TradeCryptoNow