The Los Angeles Police Department (LAPD) recently announced the recovery of Bitcoin mining equipment valued at approximately $2.7 million. The machines were stolen during a high-profile heist at Los Angeles International Airport (LAX) and were about to be shipped to Hong Kong when law enforcement intervened. Detectives from the LAPD’s ...
Tesla retained its Bitcoin holdings through the first quarter of 2025, as CEO Elon Musk reassured shareholders of his intent to reduce involvement in the Trump administration’s cost-cutting initiatives. This commitment appeared to bolster investor confidence, propelling Tesla’s (TSLA) stock up by 5.4% in after-hours trading on April 23 to ...
Arthur Hayes, co-founder of BitMEX, predicts that U.S. Treasury bond buybacks could significantly boost market liquidity, potentially driving Bitcoin to as high as $110,000, with a possibility of reaching $200,000. In an April 23 article on Substack, Hayes highlights the Treasury's plan to issue new debt to repurchase older, less ...
Once the target of significant enforcement actions, Binance reportedly plays an advisory role to nations exploring crypto strategies. Despite the criminal charges it faced in 2023, the exchange has shifted gears. In an interview with the Financial Times, CEO Richard Teng revealed that Binance is guiding governments and sovereign wealth ...
Oklahoma's proposed Strategic Bitcoin Reserve Act (HB1203) has stalled after narrowly failing to pass the Senate Revenue and Taxation Committee in a 6–5 vote. The bill sought to empower the State Treasurer to allocate up to 10% of select state funds—including the State General Fund, Revenue Stabilization Fund, and Constitutional ...
João Wedson, founder and CEO of Alphractal, hasweighed in on growing investor concerns surrounding Bitcoin’s next move and the potential timeline for an altcoin season. In a detailed update, Wedson said that a further drop below the 65,000 mark remains firmly on the table, pointing to several critical metrics that ...
Metaplanet has increased its Bitcoin holdings by acquiring an additional 319 BTC, raising its total to 4,525. This recent purchase, valued at around ¥3.78 billion ($26.3 million) at an average price of ¥11.85 million ($82,549) per Bitcoin, highlights the company's ambitious expansion strategy in the cryptocurrency market. The company currently ...
On-chain data from CryptoQuant suggests that Bitcoin might be approaching a bullish trend reversal. In an April 13 update, CryptoQuant contributor Joao Wedson pointed out the narrowing gap between Bitcoin’s futures price and spot price on Binance, known as the perpetual-spot gap, which reflects the difference between futures contract prices ...
New Hampshire has become the fourth U.S. state to advance Bitcoin reserve legislation, as House Bill 302 passed the state’s House on April 10 with a narrow 192-179 vote. This milestone follows strong support from the House Commerce and Consumer Affairs Committee, which had approved the bill with a decisive ...
Florida has become the latest U.S. state to take a significant step toward adopting Bitcoin as a strategic reserve asset. On April 10, House Bill 487 (HB 487) received unanimous approval from the House Insurance and Banking Subcommittee, signalling strong bipartisan support for the proposal. The bill titled "Investments of ...
