A viral rumor is spreading that a Hong Kong-based shell company has invested hundreds of millions in Bitcoin through BlackRock’s IBIT ETF. Some posts claim this was a secret move by Beijing to bypass China’s crypto ban. However, closer inspection shows the story is misleading. The $436 million investment was actually made by Abu Dhabi’s
A fresh wave of cash may soon enter the U.S. market, and crypto traders are paying close attention. Analysts believe a huge Tax Refund season could bring billions of dollars back into the hands of everyday Americans. If that happens, part of that money could flow into Bitcoin and other risky assets. Even a small
The Bitcoin price has traded almost flat over the past 24 hours, hovering near $67,600. But 30-day losses tell a different story. The price dropped roughly 27% month-on-month. This sudden intraday pause might not signal recovery. It could be a brief hold before the next leg down. One of the strongest holder groups is flashing
A recent conversation between Bloomberg’s Mike McGlone and bitcoin ($BTC) advocate Lawrence Lepard on Scott Melker’s show devolved into expletives and a ragequit. On one side, a $BTC price forecast of $10k. On the other side, a $BTC forecast of $140k to over $1 million. The shouting match is a case study in how polarized
The U.S. government controls nearly $23 billion in bitcoin, making it one of the world’s largest holders as massive seizures and a new Strategic Bitcoin Reserve reshape America’s crypto footprint. US Government Keeps $23 Billion in Bitcoin Blockchain intelligence platform Arkham shared on social media platform X on Feb. 16 that the U.S. government is
Digital asset treasury firms with a sole business of investing in tokens have fallen out of investor favor and how. Billionaire entrepreneur and co-founder of PayPal and Palantir Technologies Peter Thiel’s venture arm has wiped its slate clean of ETHZilla, selling every last share of the ether-hoarding digital asset treasury firm by the end of
Spot Bitcoin exchange-traded funds (ETFs) trading in the US recorded a total net outflow of $104.99 million. This movement indicated a return to outflows after just one trading day of net inflows. The biggest outflow of the day was seen in BlackRock’s spot Bitcoin ETF, IBIT. IBIT experienced a net outflow of $119.8 million, while
American investor and television star Kevin O’Leary stated that he remains optimistic about Bitcoin, but added that quantum computers have now become a new risk factor for institutional investors. Speaking via the X platform, O’Leary noted that Bitcoin recently experienced a sharp 50% correction, adding that this is not the first time such a situation
Bitcoin exchange-traded funds (ETFs) continue to hold billions in assets despite bitcoin’s brutal price crash, but that staying power isn’t necessarily the bullish signal that many have come to believe. According to one analyst, the resilience stems from market makers and arbitrageurs who trade in and out rather than die-hard long-term holders betting on price
In a recent interview with macroeconomist and Bitcoin expert Lyn Alden, Stories podcast host Natalie Brunell discussed Bitcoin’s current market dynamics and future potential. Alden argued that Bitcoin still presents a strong bullish picture, but added that caution should be exercised regarding short-term risks. At the beginning of the interview, Alden touched upon the general