The two public firms bought more than half a billion dollars’ worth of bitcoin on Labor Day, likely contributing to Tuesday’s recovery. Institutional Buying Spree Sends BTC Back Above $111K While some bemoaned bitcoin’s drop below $108K over the holiday weekend, Michael Saylor’s Strategy and Simon Gerovich’s Metaplanet took advantage of the cryptocurrency’s discounted price
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. September is here, marking the non-technical end of summer, back to school and — oh yeah — the worst month (historically) for bitcoin. Some have attributed lower market returns in the year’s ninth month (not just for BTC, but for the
Today marked one of the busiest days yet for corporate crypto finance, as companies from New York to Hong Kong unveiled major treasury allocations, IPO filings and strategic acquisitions. SharpLink disclosed it had acquired 39,008 ether, worth roughly $177 million at the end of August, through an at-the-market equity program. The company framed the move
Coinbase Derivatives said it will introduce a new type of equity index futures contract later this month, offering investors exposure to both leading U.S. technology stocks and cryptocurrency exchange-traded funds (ETFs) in a single product. Launching Sept. 22, the Mag7 + Crypto Equity Index Futures will be the first U.S.-listed derivatives contracts to combine traditional
Blockchain-focused lender Figure Technology Solutions is aiming to raise $526 million in its initial public offering (IPO), underscoring the growing trend of crypto and blockchain firms pursuing public listings amid the bull market. According to regulatory filings submitted Tuesday and reported by Bloomberg Law, Figure plans to sell 21.5 million shares in the $18 to
Web3 companies are exploring ways to move beyond apps and tokens, experimenting with hardware devices like phones and consoles that merge crypto functions with everyday tech. Gaia Labs, a decentralized AI and Web3 infrastructure company, on Tuesday announced its upcoming AI smartphone for users in South Korea and Hong Kong. Built on Samsung’s Galaxy S25
Mike McGlone, a senior commodity expert at Bloomberg Intelligence, has taken to his official X account to share with the community his observations regarding Bitcoin, gold and what their current price dynamic may be saying about the overall state of the global economy. Meanwhile, gold has reached a new all-time high of $3,578. Crypto and
Knots community leader Bitcoin Mechanic claims that new default data storage limits could force anyone who upgrades to the latest version of Bitcoin Core to also host and relay illegal adult content. Next month, Bitcoin Core version 30 (v30) is scheduled to ease its data storage limitations. This means that, by default, it will accept
Bitcoin’s recent downturns have led many observers to wonder about the price floor, when BTC will reach it, and how the price will rebound. One interpretation calls for continued sharp downturns before a recovery. Bitfinex analysts shared these insights exclusively with BeInCrypto. None of this commentary directly constitutes financial advice. Will Bitcoin Hit a Price