BlackRock & Metaplanet Buy Bitcoin Dips Amid Crypto Market Downturn
BlackRock and Metaplanet buy Bitcoin dips, capitalizing on current volatile market conditions as retail investors panic. The recent drop in Bitcoin’s price below $60,000 has caused concern in the market, leading to over $53 million in long liquidations over the past 24 hours. Despite the volatility, major players like BlackRock and Metaplanet have continued to buy […]
Ethena Labs Launches Stablecoin with BlackRock, Securitize
Following the announcement, Ethena labs token, ENA, surged by over 16%, with increased trading activity and open interest in futures. Ethena Labs announced on Thursday that it will create a stablecoin named UStb, with collateralization from BlackRock and Securitize. In addition to USDe, this will allow for a different fiat stablecoin product. Ethena Labs Announces […]
Blackrock Resumes Bitcoin Buying, $70K Breakout Next?
This move reflects BlackRock’s belief in the long-term potential of digital assets, particularly Bitcoin, which it views as a hedge. Following the purchase of an extra 529 Bitcoin and 2,420 Ethereum, BlackRock has boosted its exposure to the cryptocurrency market. BlackRock now possesses 359,606 Bitcoins, which are projected to be worth $22.82 billion, and 350,000 […]
BlackRock Bitcoin ETF Requires 12 Hour BTC Withdrawal
BlackRock has filed an amendment with the SEC addressing investor concerns about Coinbase’s on-chain settlement methods for ETFs. As a result of significant investor concerns regarding Coinbase’s onchain settlement methods, the largest asset manager in the world has submitted a request for an adjustment to its Bitcoin exchange-traded fund (ETF). BlackRock filed a filing with […]
BlackRock’s White Paper Release Triggers BTC to Almost $63k
Following BlackRock’s white paper release, which underscored the potential of BTC as a hedge against monetary and geopolitical risks, Bitcoin experienced a nearly 6% price increase. BlackRock has released a white paper on the appeal of Bitcoin to investors as a “unique diversifier” that is not subject to traditional fiscal and geopolitical risks. A senior […]