A Bitcoin address linked to major mining firm Riot Platforms (RIOT) has just transferred 500 $BTC, valued at roughly $38.95 million, to the cryptocurrency services company NYDIG. On-chain analytics platform Lookonchain reported this significant movement about six hours ago. The crypto community widely interprets such deposits as a clear intention to sell the assets. This
Something unusual is happening in corporate crypto strategy right now. Metaplanet just raised billions of yen but chose to pay zero interest on it. That alone turns heads. Even more surprisingly, every yen is going straight into Bitcoin. This is not a one-off move. It is part of a growing pattern where companies borrow money
Somebody is buying $2.1 billion of bitcoin through ETFs. Somebody else is using that bid to get out. U.S. spot bitcoin ETFs have now logged eight straight days of inflows totaling $2.10 billion through April 23, per SoSoValue. That is the longest streak since the nine-day October 2025 run that took bitcoin to its $126,000
As the cryptocurrency market is shaken by Bitcoin’s recent volatility, two leading figures in the market, Ben Cowen and Mike McGlone, engaged in an in-depth discussion on Bitcoin’s future and its macroeconomic implications. Mike McGlone, in evaluating Bitcoin’s current state, points to macroeconomic factors. According to McGlone, central bank tight monetary policies and the withdrawal
Morgan Stanley’s investment management arm has launched “Stablecoin Reserves Portfolio,” an offering that allows stablecoin issuers to park the reserves backing their stablecoins in one of the bank’s money market funds while earning interest. The offering is part of the Morgan Stanley Institutional Liquidity Funds trust (MSNXX), which aims to preserve capital, provide daily liquidity
Iran has made a noteworthy statement regarding transit fees through the Strait of Hormuz. The country’s central bank announced that the initial transit fee collected from ships passing through the strait is paid in “cash foreign currency.” The Iranian Central Bank stated that the payment was deposited directly into bank accounts in foreign currency. This
BitGo, a leading digital asset infrastructure provider, has announced its landmark collaboration with 21bitcoin, a Europe-based platform that helps users buy, save, and build wealth in Bitcoin. The primary purpose of this strategic partnership is to provide secure and regulated cold storage custody for Bitcoin ($BTC) across Europe. BitGo has been securing institutional bitcoin since
Toncoin is about to undergo a big shift in its cost structure. According to Pavel Durov, transaction fees on the network will drop 6x within a week, bringing costs down to just 0.00039 $TON (~$0.0005) per transaction, fixed, regardless of network load. This isn’t just a fee cut. It’s part of a broader push under
Sen. Bernie Sanders (I-VT) sharply criticized the Trump family’s reported profiteering from cryptocurrency and other deals on Thursday. Sanders Spotlights Old Report On Trump Family’s Deals Sanders denounced these deals as “unprecedented kleptocracy.” The White House didn’t immediately return Benzinga’s request for comment. The Crypto Effect? The January article reported that the Trumps’ cryptocurrency gains
Bitcoin is facing a key test as one chart shows a strong sell wall near $80,000, while another points to a short term wave B correction. Together, the setups suggest $BTC still holds strength, but it may need to absorb resistance and defend support before the next bigger move. Bitcoin Faces Heavy $80K Resistance as