Digital asset investment products saw massive inflows last week. With total net investments reaching $5.95 billion, according to CoinShares data. This marks the largest single week inflow in history for crypto funds. Strong market sentiment was driven by a combination of weak employment data. A delayed response to the Federal Reserve’s interest rate cut. With
The Smarter Web Company, the UK largest publicly traded firm holding Bitcoin on its balance sheet. It has raised a total of £12.3 million through a combination of a £9.7 million placing and a £2.6 million subscription. The announcement was made on October 6 through two official RNS filings. The company, listed on Aquis Exchange
Michael Saylor, executive chairman of Strategy, confirmed that his company paused Bitcoin purchases this week after its total holdings reached an estimated $79 billion. Strategy stopped buying after finishing its latest Bitcoin purchase of $22.1 million at an average price of $113,048 per coin. This brought its total to 640,031 BTC bought for about $47.35
Bitcoin cemented its dominance over the crypto market this weekend, soaring to a new record high and siphoning capital away from altcoins. The bellwether crypto surged 11% over the past week to set a new all-time high of $125,506, according to CoinGecko data. As a result, Bitcoin’s market dominance—its share of the total crypto market
Michael Saylor, the co-founder of MicroStrategy, has publicly advised YouTube megastar Jimmy Donaldson, popularly known as MrBeast, to invest in Bitcoin. This recommendation followed an exchange on X, where MrBeast posted about the rapid progress of artificial intelligence and its potential consequences for digital creators. “When AI videos are just as good as normal videos,”
Venezuela is facing one of the highest inflation rates in the world. Inflation in the country has reached 229%, making the national currency, the bolívar, nearly worthless, reports Cointelegraph. Many Venezuelans are now turning to USDT (Tether) as a safer alternative. Merchants are also pegging prices to Binance P2P dollar rates, treating USDT as the
Bitcoin just logged the highest weekly close in its history, finishing last week at $123,686 on spot charts across such exchanges as Binance and Bybit. The chart now shows the longest green weekly candle since July, signaling that buyers returned after weeks of waiting on the sidelines. The closing price is now well above the
Hong Kong-listed company China Financial Leasing Group (2312) says it plan to raise around 86.5 million Hong Kong dollars ($11.1 million), from which it will build a cryptocurrency investment platform. China Financial will raise the capital through a new share subscription, issuing over 69 million new shares at a price of 1.25 Hong Kong dollars
Bitcoin’s recent climb to new all-time highs might not be as strong as it looks. A new report has revealed that while BTC’s price has surged, the number of active addresses on its network has dropped. This signals a negative divergence between the coin’s market price and on-chain activity. The weak participation puts a potential