Bitcoin fell below the $73,000 level due to rising geopolitical tensions and macroeconomic pressures. On-chain data analytics platform Spot On Chain stated that there are signs that the market decline is stemming from selling by large investors, often referred to as “smart money.” The platform stated in a post on X that news of the
Seoul, South Korea — Samsung Securities has announced a significant investment in Dunamu, the operator of South Korea’s largest cryptocurrency exchange, Upbit. In a public filing, the brokerage firm revealed it will acquire a 2% stake, or 697,487 shares, for approximately 306.3 billion won ($221.9 million). The transaction is scheduled to take effect on June
BNBPlus (BNBX), a Nasdaq-listed company pursuing a strategic accumulation of $BNB tokens, announced on May 27 that it has secured $4.1 million through an issuance of convertible preferred stock. The funding round included participation from digital asset institutional investors Comstock Multichain Fund and Off The Chain LP, signaling continued institutional interest in publicly traded vehicles
Since falling below $80k, Bitcoin has traded within a descending channel, touching a low of $74k, before a slight rebound. At press time, Bitcoin traded at $75,882, down 1.65% on the daily charts. With the continued decline, $BTC fell below both the EMA and the MA at $77k and $76k, respectively, reflecting strong downward pressure.
Companies that strategically hold Bitcoin and Ethereum are now trading at a discount to their net asset value (NAV), according to a new analysis from 10X Research. The research firm suggests this undervaluation could present a fresh opportunity for investors, drawing a parallel to the Grayscale Bitcoin Trust (GBTC) discount seen in late 2022. Understanding
Shares of IREN Limited rose 13% on Wednesday after the company announced a $1.6 billion purchase agreement with Dell Technologies for Nvidia-powered Blackwell systems aimed at expanding its artificial intelligence infrastructure capacity. The agreement involves air-cooled Blackwell systems supplied through Dell and is designed to support IREN’s previously announced five-year, $3.4 billion managed AI cloud
Delphi AI officially partnered with MarsCat to build a privacy-first decentralized Web3 social ecosystem. Due to increasing data privacy scandals and growing centralized surveillance, applications are being redefined in how they handle communication and user interactions. This shift promotes the use of decentralized intelligence with a stronger focus on data sovereignty and user privacy. The
FTSE Russell’s governance committee has approved a fast-entry overhaul that will allow mega IPOs to be added more quickly to its top benchmarks, according to Bloomberg ETF analyst Eric Balchunas. Bloomberg ETF senior analyst Eric Balchunas said on X that the FTSE Russell Governance Committee has signed off on adjustments to fast-entry IPO rules and
Investment bank Jefferies has forecast that a wave of initial public offerings from cryptocurrency and blockchain companies could generate a combined market capitalization of $1 trillion within the next five years. The prediction signals a notable shift in institutional investor sentiment, moving away from speculative bets on Bitcoin price swings toward the underlying technological infrastructure