In Brief BlackRock’s iShares Bitcoin Trust ETF (IBIT) has swiftly amassed 196,065 BTC, surpassing MicroStrategy’s holdings. This milestone underscores the growing demand for spot Bitcoin ETFs, highlighting unprecedented BTC accumulation. Bitcoin’s pice briefly surged to a new all-time high of nearly $70,000 driven by the high demand for Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust ETF’s…
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In Brief In the past 24 hours, Shiba Inu’s burn rate experienced an unprecedented surge, increasing by over 23,000%. Despite these significant burning activities, SHIB’s price saw a decline of more than 7% during the same period. Meanwhile, Shiba Inu lead developer Shytoshi Kusama is leading the crusade for BONE listing on Binance. Shiba Inu’s…
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Bitwise said it is in “serious due diligence discussions” with a variety of major financial and corporate entities interested in Bitcoin. Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan made the revelation in a weekly memo sent out to investors, parts…
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In Brief Shiba Inu price has noted a 271% rise over the past two weeks but has lost momentum over the last few days. Active deposits, which are the first signal of profit taking, are at their highest, suggesting SHIB holders might move to sell. About 46.32 trillion SHIB worth over $1.6 billion is on…
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In Brief BNB price is struggling to breach a two-year-old resistance level, which is crucial for securing the rally. The investors’ sentiment has also turned significantly negative owing to the lack of gains. The MVRV Z-Score highlights that BNB is nearly at the cusp of being overvalued, which will likely follow corrections. The BNB price…
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In Brief Long-term technical analysis suggests a peak of Bitcoin price in the $155,000 – $175,000 range. Although subsequent cycles are weakening, Bitcoin still has a chance to surge 10x from the macro bottom at $15,495. The peak of the current BTC cycle should be reached between April and August 2025. This week Bitcoin touched its…
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Tesla is currently the third-largest public corporate holder of Bitcoin. Arkham Intelligence has identified the on-chain Bitcoin addresses of Elon Musk‘s companies, Tesla and SpaceX. In a Mar. 7 social media post on X (formerly Twitter), Arkham disclosed that Tesla possesses 11,510 BTC, valued at $780 million, spread across 68 addresses. Additionally, SpaceX holds 8,290…
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In Brief Dogecoin added more than 500,000 holders in two weeks during February. The percentage of addresses in profit is the highest since May 2021. DOGE price has support around $0.15 after nearly doubling in less than two weeks. Are we witnessing the calm before the storm in Dogecoin? The asset added over half a…
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Several crypto lawyers have pushed back against SEC’s reliance on the insider trading case judgment. The US Securities and Exchange Commission (SEC) wants to leverage a decision from an insider trading case to strengthen its lawsuit against several crypto trading platforms, including Coinbase and Binance.US, according to recent court filings. SEC claims ‘insider trading’ case is relevant Last…
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In Brief BlockFi is set to recover up to $874M after settling disputes with FTX, pending judicial approval. $250M of this amount is guaranteed from FTX, with additional funds contingent on FTX repaying its clients. FTX’s disposal of its Anthropic stake propels progress toward fulfilling creditor and customer repayments. BlockFi customers are on the brink…
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