Metaplanet opens a subsidiary in the British Virgin Islands to boost its Bitcoin strategy, leveraging favorable regulations. With an additional 1B yen allocated, its BTC holdings are set to exceed 200 BTC, valued at $15M. #Bitcoin #Update
Spot Bitcoin ETFs in the U.S. face a third week of outflows, with Grayscale leading at $90.4M as BTC dips below $60,000. June 24 marked a $174.5M outflow, reflecting bearish trends. #Bitcoin #Update
Bitcoin ETFs in the US have faced $174.5B in outflows over 7 days, with Grayscale’s $GBTC leading with $90.4M. Institutional interest wanes amid market uncertainty, contrasting with Nasdaq’s 20% YTD gain. #Update #Bitcoin @Grayscale @Fidelity
Bitcoin’s price is influenced by fiat currencies, stablecoins, and spot-based ETFs, says @ki_young_ju of @cryptoquant_com. Negative Coinbase premium reflects weak fiat inflows. Bitcoin’s RSI shows it’s oversold, hinting at a potential rebound. #Update #Bitcoin
? Former President Trump is set to speak at Bitcoin 2024 in Nashville, aiming to gain crypto community support ahead of the 2024 election. His recent actions include meeting with Bitcoin miners and securing $2M from the Winklevoss twins. #Bitcoin2024
Riot Platforms withdraws its $2.30/share bid for Bitfarms ($BITF), now seeking three board seats to facilitate acquisition talks. Riot, owning nearly 15% of Bitfarms, calls for a shareholder vote to remove current board members. $RIOT #Update
Anthony Pompliano discussed Bitcoin’s 15% pullback, noting it’s up 40% YTD and 100% over the past year. He highlighted AI’s role in enhancing asset management and Bitcoin as a store of value. #Update #Bitcoin #AI #Crypto
Louisiana’s House Bill 488, signed by Gov. Jeff Landry, protects bitcoin users, supports mining in industrial zones, bans CBDCs, and promotes economic growth. Led by @RepMarkWright & @SenCoussan, the law aims to attract investment and boost innovation. #CryptoNews
Bitcoin faces heavy selling pressure, dropping over 15% since peaking at $72,000. Analysts like @rektfencer predict a rebound, citing post-halving consolidation and potential catalysts like the US election. Altcoins $ETH and $SOL could also gain. #Update
? Bitcoin mining giant @Hut8Mining secures $150M from Coatue to boost AI infrastructure, aiming for market leadership. Funding via convertible notes supports data center expansion amid rising demand. Notable 32% revenue increase to $60.6M. #AI #Update
Crypto analysts signal now as a prime time to buy $BTC due to oversold RSI, strong support levels, and increased whale activity. Historical trends and technical indicators suggest potential price surges. #Update
Institutional investors sold $BTC and $ETH worth $690M amid a market crash, with increased interest in $XRP and $SOL. The move signifies a shift towards altcoins as Bitcoin fell below $61K and Ethereum under $3.3K. #Update
Mt. Gox trustee announces repayments in $BTC and $BCH starting July 2024. Creditors to receive 142,000 BTC, 143,000 BCH, and ¥69 billion ($432M). A major move towards restoring trust in crypto exchanges post-2014 collapse. #CryptoNews
Metaplanet has invested $6.2M in Bitcoin, funded by ¥1B in bonds, showing its commitment to BTC as a treasury asset amid Japan’s economic pressures. Survey: 500+ Japanese investment managers are eyeing crypto. #Update #Bitcoin $BTC
