Bitcoin's open interest (OI) has risen significantly by over $2 billion within three days, sparking concerns among traders about a potential "whipsaw" effect on its price. Open interest refers to the total number of unsettled derivative contracts, such as options or futures, and an increase usually indicates heightened speculation on ...
Read moreDetailsBitcoin is showing strong bullish resilience at around the $71,000 mark, as Spot Bitcoin Exchange-Traded Funds in the US record their second-highest day since March 12. There appears to be increasing investor confidence in the US spot Bitcoin ETFs, as data from a London-based investment firm, Farside Investors, reveals that ...
Read moreDetailsBitcoin could reach a new all-time high as soon as next week following the United States recording its lowest number of job openings in three years, according to crypto research platform 10x’s Markus Thielen. Markus Thielen, head of research at 10x Research, noted in the company’s latest market update, that ...
Read moreDetailsStarkWare, an Israeli company known for its Ethereum layer-2 solutions StarkNet and StarkEx, has announced a major initiative to enhance Bitcoin's capabilities using zero-knowledge rollups. The company has committed $1 million to research and development for this effort, highlighting its dedication to improving Bitcoin scalability. StarkWare's solution centres around StarkNet, ...
Read moreDetailsBitcoin financial services company Unchained Capital Inc. and the University of Austin, Texas (UATX) have partnered to establish the first-ever endowment fund denominated entirely in Bitcoin (BTC) at a higher education institution. Unchained revealed this move in a blog post on May 31, stating that the pioneering initiative aims to ...
Read moreDetailsCryptoQuant founder and CEO Ki Young Ju has drawn parallels between the current market dynamics and those in the mid-2020 period that preceded Bitcoin's previous bull run, raising expectations and speculation about the potential for a similar historical pattern to unfold in the near future. In a post on X ...
Read moreDetailsARK Invest CEO Cathie Wood has predicted that El Salvador's gross domestic product (GDP) could increase tenfold over the next five years if it continues its Bitcoin and artificial intelligence adoption plan under President Nayib Bukele, “President Bukele’s determination to turn El Salvador into an oasis for the Bitcoin and ...
Read moreDetailsBlackRock's iShares Bitcoin Trust (IBIT) has become the largest Bitcoin exchange-traded fund (ETF) globally, surpassing the Grayscale Bitcoin Trust (GBTC) according to the latest publicly available data. According to the Apollo Bitcoin Tracker, BlackRock's spot Bitcoin ETF has shown impressive growth, amassing 288,670 BTC, surpassing Grayscale's holdings of 287,450 BTC. ...
Read moreDetailsSemler Scientific Inc., a developer and provider of healthcare technology products,announced today a major shift in its financial strategy. Semler Scientific's board of directors has adopted Bitcoin (BTC) as its primary treasury reserve asset, a vote of confidence in the digital currency's long-term value and potential growth. As part of ...
Read moreDetailsMt. Gox has shaken the crypto world by making a staggering $7.3 billion transfer in Bitcoin to an unknown wallet. The move, which is the first in five years, has sparked renewed fears over how the exchange is handling assets and what this means for the market. The transfer, which ...
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