BlackRock announced that it had launched its iShares Bitcoin Premium Income ETF (BITA). However, crypto research firm 10X Research is not so optimistic about the ETF’s chances of yielding absolute returns in nearly every market scenario. BITA, which began trading on the Nasdaq on June 16, holds a mix of spot Bitcoin and shares of
Bitcoin ($BTC) whales accumulated more than 30,000 $BTC over the past week, a development that has strengthened the bullish case for the cryptocurrency and prompted a new price prediction from ChatGPT. In particular, wallets holding between 10 and 10,000 $BTC increased their combined holdings from approximately 4.24 million $BTC to 4.27 million $BTC over the
In a discussion with Coinpedia, crypto analyst Kripto Holder shared his latest assessment of Bitcoin, arguing that the market is currently going through a phase of liquidity gathering and leverage reduction rather than a clear accumulation period. According to the analyst, the $65,000–$66,000 region should be viewed as an area where excess leverage is being
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1774.43, down 1.5% (-26.19) since 4 p.m. ET on Tuesday. Four of 20 assets are trading higher. Leaders: UNI (+2.5%) and XLM (+2.3%). Laggards: BCH (-3.1%) and ADA (-2.8%).
SoFi Technologies, Inc. (NASDAQ: SOFI) Chief Executive Officer Anthony Noto has extended his 2026 buying streak in his own company’s stock. On June 16, Noto acquired 13,888 shares at a weighted-average price of $18.0578, deploying roughly $250,787, according to a Form 4 filed with the U.S. Securities and Exchange Commission (SEC), analyzed by Finbold on
Global markets, including cryptocurrency markets, were focused on the US-Iran agreement being signed on Friday. However, with the details of the agreement unclear, markets exhibited mixed performance, and today all eyes are on the US Federal Reserve’s (FED) interest rate decision. Accordingly, the Fed will announce its interest rate decision for June today, followed by
If you think bitcoin’s $BTC$64,766.65 June slide is a routine bear market drop, look closer at the options market on Deribit. The 11% decline has left a staggering $8.6 billion worth of $BTC options out-of-the-money and on track to expire worthless. That amount is roughly 80% of the $10.6 billion worth of options expiring on
In the short term, $68K remains the critical level to monitor. Bitcoin ($BTC) is currently trading around $65K. Bitcoin’s recent price action has shifted the liquidity landscape. During the decline below $60K, a significant amount of downside liquidity was absorbed as stop-loss orders and leveraged positions were cleared from the market. With the February low
Bitcoin has struggled to pull-up in recent weeks, even as institutional adoption continues to grow. While many investors are looking for reasons behind the slowdown, MicroStrategy Executive Chairman Michael Saylor points to an unexpected factor: artificial intelligence. Speaking with Natalie Brunell, Saylor argued that the current wave of AI investment is temporarily pulling capital away
For more than 135 years, the Kanoo family, one of Bahrain’s wealthiest families, has helped build the Gulf’s entire commercial infrastructure. The family, with a net worth of up to $6 billion, owns businesses spanning shipping, logistics, travel and finance. Abdulla Kanoo, one of the heirs to this 135-year-old dynasty, is now involved in crypto.