Prominent on-chain data aggregator CryptoQuant has published a report from of its analysts, saying that the world’s global cryptocurrency, Bitcoin, is approaching a zone where the downside risk is becoming limited for investors. Meanwhile, Bitcoin has managed to regain the $66,970 zone after adding roughly 2.45% over the past 24 hours. Bitcoin approaching undervalued zone
YZi Labs has publicly warned CEA Industries (Nasdaq: BNC) about a possible Nasdaq delisting. On February 13, investment partner Alex Odagiu released a sharp letter to the company’s board. He said CEA has not held an annual shareholder meeting for more than 400 days. The last meeting took place on December 17, 2024. The letter
Bitcoin price is facing renewed pressure after on-chain data flagged by Lookonchain revealed that a major whale has moved roughly 10,000 $BTC to Binance over the past two days, raising concerns of potential selling activity. Summary Lookonchain flagged a Bitcoin whale moving nearly 10,000 $BTC to Binance over two days, raising concerns of potential sell
Bitcoin price trades near $68,000 as $2.5 billion in $BTC options expire today, placing $74,000 max pain at the center of market focus. Summary Bitcoin has been on a downtrend in February, falling nearly 50% from its all-time high. $2.5B in $BTC options expire today with a put/call ratio of 0.72 and max pain at
Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday, including a $2 million purchase of shares in cryptocurrency exchange Bullish (BLSH). The St. Petersburg, Florida-based company also bought $12 million worth of crypto-friendly trading platform Robinhood (HOOD) and $4 million worth of ether ETH$1,958.21 treasury firm Bitmine Immersion Technologies
Kalshi is moving deeper into the sports insurance market after announcing a partnership with sports insurance broker Game Point Capital, according to comments from CEO Tarek Mansour. Summary Kalshi has partnered with Game Point Capital to expand into the $9 billion sports insurance and reinsurance market, which is projected to double by 2030. Game Point
Mirae Asset Group, South Korea’s financial services giant, has agreed to acquire a 92% stake in crypto exchange Korbit for about 133 billion won (around $92 million), mainly by buying shares from major shareholders, including NXC and SK Square. Market observers suggest the deal could prove valuable if South Korea advances its framework for security
Bitcoin’s BTC$66,887.87 long-term rally is “broken” and will remain so until the price climbs above $85,000, said Jean-David Péquignot, chief commercial officer of derivatives exchange Deribit. The largest cryptocurrency has settled into the $60,000 to $70,000 range in the past week, some 45% below the record high it hit in October. It’s on track to
According to a new report from analytics firm 10x Research, market speculation is mounting that a “multi-billion-dollar Hong Kong hedge fund” has broken down. This has exacerbated the selling pressure that saw Bitcoin plunge from $90,000 to $60,000 in under a month. Caught off guard Of course, the sheer speed of the recent drawdown has
Strategy saw a silver lining after the latest market downturn. The STRC preferred stock returned above $100, allowing more selling and potential $BTC purchases. After two weeks of dormancy, Strategy’s STRC returned to above $100 valuations. At this price range, Strategy can sell more preferred shares, boosting its ability to not skip weekly $BTC purchases.