As Bitcoin adoption continues to grow, new data from Santiment reveals an increasing concentration of ownership in large wallets while the share held by retail investors steadily declines. As of May 13, wallets holding 10 BTC or more, roughly...
A recent decline in Bitcoin’s long-term holder (LTH) supply may be flashing early warning signs of a potential market top, according to on-chain data from Glassnode. The analytics firm noted that LTH supply referring to wallets holding BTC for...
According to a May 13 post by Santiment on X, wallets holding between 10 and 10,000 BTC, often called whales and sharks, have accumulated over 83,000 Bitcoin in the past 30 days. In contrast, smaller wallets with less than...
Metaplanet has announced a new bond issuance aimed at funding further Bitcoin acquisitions. This development follows the company’s recent purchase of 555 BTC, which brought its total Bitcoin holdings to 5,555 BTC. Building on this momentum, Metaplanet confirmed on...
CleanSpark Inc, a leading U.S.-based Bitcoin mining company, announced a 62.5% year-over-year increase in revenue for the second quarter of fiscal 2025, totalling $181.7 million. However, despite the strong revenue growth, the company reported a net loss of $138.8...
Bitcoin surged to $98,933 on May 8, gaining 2.6% in just 24 hours, as investor sentiment improved following President Donald Trump’s announcement of an impending trade deal. This rally came shortly after Trump posted on Truth Social, revealing plans...
Bitcoin miners have yet to display any major signs of capitulation, with on-chain data consistently indicating a positive outlook, according to analysts at Bitfinex Alpha in a recent research report. Despite ongoing macroeconomic challenges and a 32% decline from...
Florida has officially scrapped its plans to establish a Strategic Bitcoin Reserve, bringing an abrupt halt to legislative efforts that would have permitted the state to invest public funds in Bitcoin. The Florida Senate marked both House Bill 487...
Riot Platforms announced that it sold 475 BTC in April, generating $38.8 million in proceeds. This marked the largest single-month Bitcoin liquidation in the company’s history, as revealed in Riot’s monthly production and operations update. Of the 475 BTC...
India’s Supreme Court has raised serious concerns over the country’s lack of oversight in Bitcoin trading, drawing comparisons between unregulated crypto transactions and a sophisticated form of Hawala. The observation came during a recent bail hearing in a crypto-related...
