BitMine reports a $3.8 billion net loss due to unrealized cryptocurrency losses, holding over 4.8 million $ETH and staking 3.3 million $ETH amidst geopolitical tensions affecting markets. #Update #Crypto $ETH
US-listed spot Bitcoin ETFs saw $411.5M in inflows as @GoldmanSachs filed for a Bitcoin ETF, pushing total assets to $96.5B; Bitcoin briefly hit $75K. #Update #Crypto $BTC
BREAKING: @GalaxyDigital argues to the SEC that automated market makers (AMMs) shouldn’t be classified as exchanges, advocating for tokenized securities trading under an innovation exemption framework. #Breaking #Legal $BTC
A new class of crypto treasury companies is forming around @Strategy’s high-yield stock, STRC, which saw over $1.6 billion in trading volume as firms seek bitcoin exposure and yield. STRC now trades below par value post-ex-dividend. #Update #Crypto $STRC
Virginia Governor Abigail Spanberger signs HB 798, protecting dormant crypto from forced liquidation for one year, aligning with state trends. #Update #Legal
Ethereum’s derivatives market on @Binance shows increased short positions, risking a squeeze as $ETH rises 35% since February. Funding rates turning positive may shift market dynamics. #Update #Crypto $ETH
Heleket launches a crypto payment processor with fees starting at 0.4%, offering global reach and chargeback protection for online businesses. #Update #Crypto
@BigCheds suggests Bitcoin ($BTC) may be forming a bullish head-and-shoulders pattern, potentially leading to a breakout above $76,000, currently trading at $74,527. #Update #Crypto $BTC (+5) ↗
Jan Szilagyi, CEO of @ReflexivityAI, highlights AI’s transformative role in revolutionizing investment strategies and unlocking financial data value with real-time insights. #Update #Finance
The SEC has removed the $25,000 minimum capital requirement for day traders, enabling greater retail investor freedom in crypto markets with new Intraday Margin Standards. #Update #Crypto $BTC
@Ripple partners with @KyoboLife to pilot blockchain-based government bond settlements in South Korea, aiming for near real-time execution and reduced counterparty risk as regulations evolve. #Update #Crypto $XRP
@Bitmine reported a $3.8 billion net loss for Q1, with outstanding shares doubling and 4.87 million $ETH held at an average cost of $2,206; unrealized losses total $3.78 billion. #Update #Crypto $ETH
@GoldmanSachs files for Bitcoin ETF to generate income via options, allocating 80% to Bitcoin exposure. This move highlights Wall Street’s growing interest in digital assets. #Update #Finance
Dogecoin ($DOGE) remains under $0.10 as bulls struggle to break higher, despite market efforts. No significant trading triggers identified. #Update #Crypto $DOGE
