While the IMF has required limitations on public-sector crypto engagement as part of a $1.4 billion loan agreement, El Salvador’s Bitcoin Office has continued purchasing one BTC per day. This strategy appears to have paid off, as the country now holds a massive trove of unrealized gains worth over $357 million, driven by Bitcoin’s recent…
Jamie Dimon, the chief executive officer of JPMorgan, has said that the bank will allow its clients to buy Bitcoin. JPMorgan CEO Jamie Dimon, a longtime crypto skeptic who has previously labelled Bitcoin (BTC) as worthless, now says the bank’s customers can buy the benchmark digital asset. Dimon announced the move during a speech at…
Key Takeaways Circle is considering a sale to Coinbase or Ripple while still pursuing an IPO. Ripple’s $4-5 billion offer for Circle was rejected as too low. Share this article Circle Internet Financial, the firm behind USDC, the second-largest stablecoin, is exploring a possible sale to Coinbase or Ripple, Fortune Crypto reported Monday, citing four…
TL;DR The Necessary Condition Solana’s SOL has been in a downtrend in the past week and is far from its all-time high registered in January this year. As of this writing, it trades at around $161, representing a 45% decline from the historic peak. However, some analysts believe a renewed rally might be knocking on…
Senators are expected to hold another vote Monday night on advancing the GENIUS Act, a bill that would set the first U.S. rules for stablecoins. The renewed effort follows a failed vote earlier this month after Democrats raised concerns about the bill’s potential loopholes. The revised bill includes language that would limit Big Tech firms…
Key Takeaways SEC is drafting formal rules to regulate crypto markets and restructuring its approach to digital assets. Plans to integrate FinHub’s functions throughout SEC, aiming to foster innovation more broadly. Share this article SEC Chairman Paul Atkins has urged the Commission to allow registered firms to custody and trade securities and non-securities, like Bitcoin…
TL;DR A new collaboration aims to give American investors additional options to gain exposure to CRO. Despite the disclosure, the token’s valuation is down 6% for the day, coinciding with the broader decline of the digital asset market. The Deal’s Specifics The popular cryptocurrency exchange Crypto.com shook hands with the investment management firm Canary Capital…
Strategy, formerly known as MicroStrategy, has acquired another 7,390 BTC. The Bitcoin (BTC) was purchased with approximately $764.9 million between May 12 and May 18, pushing Strategy’s total holdings to 576,230 BTC, according to an SEC filing on Monday. The acquisition was funded through a combination of stock offerings, including the sale of 1.7 million…
Key Takeaways Strategy purchased 7,390 Bitcoin for $555 million at an average price of $103,498. The company aims to hold $42 billion in Bitcoin by 2027, accumulating 576,230 BTC so far. Share this article Michael Saylor’s Strategy on Monday disclosed it had purchased 7,390 Bitcoin between May 12 and 18, investing around $765 million in…
Bitcoin (BTC) has arrived at a crossroads after its recent rally past $106,000. Market participants are speculating whether the digital asset will see more momentum to register new highs or retrace a bit to cool off. A tweet thread by market expert Ali Martinez has outlined factors that could contribute to bitcoin’s surge or correction…
