Bitcoin-based funds rebounded with $1.3 billion in net inflows, while Ethereum products continued their strongest run since February.
Cantor analysts reiterated an "overweight" rating on Coinbase stock and raised their 12-month price target from $253 to $292.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
These strategies distort liquidity and sentiment, posing long-term risks to bitcoin's stability and adoption, the digital asset bank said.
With macro jitters rising ahead of today's CPI data, that caution might be the setup for the next breakout, according to K33.
Circle's IPO highlights the value of holding both crypto assets and crypto-related equities, according to Bitwise CIO Matt Hougan.
The crypto exchange that owns CoinDesk has filed an initial public offering in the U.S., the Financial Times reported.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Mainstream interest is broadening beyond Bitcoin's "store of value" use case toward blockchain-based financial innovation, the analysts said.
Ethereum-based funds led for the second week in a row, while the usually dominant global Bitcoin investment products saw further net outflows.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Cathie Wood-led investment firm bought 4,486,560 Circle shares for its Innovation, Next Generation Internet, and Fintech Innovation funds.
Japanese investment firm Metaplanet has announced the launch of a $5.4 billion equity raise to fund the acquisition of more bitcoin.
USDC is the world's second-largest U.S. dollar-pegged stablecoin behind Tether's USDT.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin could climb to $125,000 in June if a soft U.S. jobs report fuels expectations of early Fed rate cuts, according to Bitfinex analysts.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Rather than adding bitcoin in isolation, investors should consider it in the context of their entire risk budget, Hougan said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
K33 also announced an initial purchase of 10 BTC ($1 million) on Tuesday after raising $6.2 million to launch its bitcoin treasury strategy.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The usually dominant global Bitcoin-based funds slumped to $8 million in net outflows as a 34-day streak for BlackRock's IBIT came to an end.
Strategy (formerly MicroStrategy) copycats are on the rise, and venture capital is backing the trend. Here's why.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
By tapping capital markets and pledging to accumulate BTC, both firms amplify Bitcoin beta through corporate leverage.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.