Galaxy Digital Buys 400 BTC, Lifts Market Optimism
Galaxy Digital’s $23 million Bitcoin purchase, despite BTC falling below $60,000, has sparked optimism in the crypto market. Despite Bitcoin’s recent decline below the $60,000 threshold, on-chain data indicates that this acquisition is approximately $23 million. Positive sentiment in the broader crypto market has been awakened by this substantial acquisition. Given the recent decline in […]
Raoul Pal Warns US Could Manipulate Bitcoin by Stockpiling 4 Million BTC
Raoul Pal, a former executive at Goldman Sachs, does not believe that the US government’s accumulation of millions of Bitcoin (BTC) is entirely beneficial for the crypto monarch. Robert F. Kennedy Jr., an independent presidential candidate, declared at the recent Bitcoin2024 Conference that his administration would accumulate four million Bitcoin as a strategic reserve asset […]
US Bitcoin ETFs On Track To Surpass Satoshi’s BTC Stack
On average, US Bitcoin ETFs have added 37,510 BTC to their holdings each month, and they are on the brink of surpassing Satoshi Nakamoto’s estimated cache. Spot Bitcoin exchange-traded funds (ETFs) in the United States may soon collectively possess more Bitcoin than the cryptocurrency’s anonymous originator, Satoshi Nakamoto. On August 13, Bloomberg ETF Analyst Eric […]
Celsius Exchange Sues Tether For $3.5B Over BTC Bond Selloff
Celsius exchange has sued Tether, alleging misappropriation of holdings and requesting nearly $3.5B in BTC returns and legal fees. The assets in issue were provided to Tether as collateral. According to Tether, Celsius exchange requests the recovery of approximately $2.4 billion BTC in its lawsuit. Nevertheless, Celsius has requested relief from the court in the […]
Bitfarms Stock Increased by 22% As Q2 Loss Beat Expectations
Bitfarms Stock, a Canadian Bitcoin mining company, increased by nearly 22% in response to the publication of Q2 earnings that beat expectations. On August 8, Bitfarms stock experienced a robust trading session in response to its most recent quarterly earnings report, which revealed less than anticipated losses.The Bitcoin miner reported a 7 cents per share […]