Summary This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. BlackRock is expected to debut a new bitcoin $BTC$66,389.05 ETF later Tuesday. The fund offers more than just exposure to the cryptocurrency, it is designed to generate additional income from bitcoin’s volatility. The iShares Bitcoin Premium Income ETF (BITA)
The sharp market rally seen in the past day has suddenly awakened a long-dormant Bitcoin whale that has remained inactive for about five to seven years. According to recent on-chain data shared by a CryptoQuant analyst, Maartun, an unknown Bitcoin whale has moved over 2,373 $BTC that had remained untouched for between five and seven
Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation, or protocol-based yield to create returns for investors. His comments came in a June 16 post on X, where he outlined a five-layer Digital Asset Stack built around Bitcoin. “Bitcoin does not need staking,” Saylor said. He also said Bitcoin does not need
Summary About 259,000 $BTC were added on a net basis between $59,000 and $67,000 over the past 10 days. Accumulation is occurring across all major wallet cohorts, from retail holders with less than 1 $BTC to entities holding 100-1,000 $BTC. Bitcoin’s $BTC$66,557.83 drop below $60,000 earlier this month spurred investors to pile into the largest
Bitcoin has spent years fighting for acceptance in traditional finance. Many investors questioned whether institutions would ever embrace digital assets. Those doubts have largely disappeared. Today, the conversation looks very different. BlackRock’s launch of its new Bitcoin income ETF marks another major step in Bitcoin’s evolution. This product does not simply offer exposure to Bitcoin.
Summary Bitcoin climbed above $66,500 after the Bank of Japan raised interest rates, lifting the token about 1.5% in 24 hours. Derivatives data show risk appetite returning, with crypto trading volumes, open interest and liquidations of short positions all rising, and funding rates and implied volatility suggesting a more balanced, less fearful market. Sentiment has
As Bitcoin [$BTC] retreated from above $80,000 toward the $60,000 region, trading activity followed a familiar pattern. Instead of rushing into Spot markets, traders increasingly turned to derivatives. Binance Futures volume surged to $39.5 billion and $35.5 billion in early June, following a similar $42.7 billion spike during February’s selloff. Meanwhile, Spot volume recovered only
Michael Saylor is once again making a bold long-term case for Bitcoin. He is arguing that the world’s largest cryptocurrency could eventually trade between $700,000 and $7 million per coin. As institutional adoption accelerates and trillions of dollars flow into Bitcoin-backed financial products. <iframe width="300" height="150" src="https://www.youtube.com/embed/r2X04I6yGdY?feature=oembed" loading="lazy" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share"
Euro Pacific Capital CEO and prominent gold bug Peter Schiff has once again argued that Strategy’s “infinite money glitch” is actually fundamentally broken. Almost all articles regarding criticism of $MSTR selling stock to buy Bitcoin point to the fact that MSTR has always sold stock to buy Bitcoin. But that rationalization misses the point of
Bitcoin’s recovery is hinged on a successful peace deal between the US and Iran as its on-chain metrics show the cryptocurrency remains weak despite its recent recovery, analysts say. Nick Ruck, a director at LVRG Research, told Cointelegraph that despite Bitcoin ($BTC) recently reclaiming $67,000, its “momentum remains weak, with declining volume and stagnant on-chain