US government relocates $8M in Bitcoin after Trump establishes strategic reserve
Key Takeaways President Trump established a Strategic Bitcoin Reserve to maintain Bitcoin as a long-term asset for the US. US authorities relocated $8 million worth of Bitcoin seized from a fraud scheme to comply with the new executive order. Share…
Three Ethereum-Based Altcoins on the Rise Following Coinbase Announcement
Top US-based crypto exchange platform Coinbase is adding three new Ethereum (ETH)-based altcoins to its suite of products, causing the assets to skyrocket. In a new announcement on the social media platform X, Coinbase says it’s adding support for decentralized…
Bitcoin’s Four-Year Cycle at Crossroads: Is the Halving Rally Dead?
Bitcoin’s price held steady above $87,000 on Thursday, fueling a spirited debate among analysts about the fate of its once-reliable four-year cycle. Traditionally associated with dramatic post-halving rallies, this cycle now faces scrutiny as evolving market sophistication, regulatory developments, and…
Will dYdX Buyback Program Pump DYDX Crypto In April?
dYdX, a prominent decentralized trading platform, has launched its inaugural buyback initiative, sparking intrigue within the crypto community. This strategic move allocates 25% of the platform’s net protocol fees to repurchase DYDX tokens from the open market monthly. Based on…
GameStop Bets Big on Bitcoin with a $1.3B Purchase Plan
Video game retailer GameStop has filed to raise $1.3 billion through Convertible Senior Notes to fund Bitcoin acquisitions. A press release on March 26 states that the offering consists of zero-coupon convertible senior notes maturing in 2030. Investors will have…
Bitcoin Primed for a Massive Rally to a Six-Figure Price, According to Crypto Analyst – But There’s a Catch
A widely followed crypto analyst says that Bitcoin (BTC) appears primed to skyrocket to a six-figure price tag but warns investors that it may go through a correction first. In a new thread, pseudonymous crypto trader Inmoral tells his 230,800…
Bill Proposes Voluntary Cryptocurrency Acceptance in Panama
A bill recently presented to the National Assembly in Panama proposes legalizing the voluntary acceptance of cryptocurrency in commercial transactions. The proposal also encompasses VASP regulation and integrating blockchain for optimizing state processes. Bill Introduced in Panama Proposes Voluntary Cryptocurrency…
GameStop stock plunges over 25% intraday after announcing $1.3b Bitcoin bet
GameStop’s stock experienced a stock decline of over 25% intraday on Thursday. This slump followed the announcement of a strategic pivot involving the issuance of $1.3 billion in convertible bonds to finance the acquisition of Bitcoin (BTC). The video game…
$5,000,000,000,000 Asset Manager Fidelity To Launch a USD-Pegged Stablecoin: Report
The asset management titan Fidelity Investments reportedly plans to roll out its own dollar-backed stablecoin. Citing two people familiar with the matter, the Financial Times reports that the Boston-based firm with $5 trillion in assets under management (AUM) is now…
BlackRock’s Global Allocation Fund boosts IBIT shares by 91%
Key Takeaways BlackRock’s Global Allocation Fund increased its holdings in IBIT by 91% to 821,664 shares as of January 31. The BlackRock Strategic Income Opportunities Fund also holds a significant number of IBIT shares, valued at $77 million. Share this…
