Global crypto investment products added another $3.7 billion to a net inflow streak that has now reached 13 consecutive weeks.
Bhutan was previously seen moving around its bitcoin at times of market rally, possibly selling off the cryptocurrency for profit.
Bitcoin's rally is boosted by institutional inflows, legislative momentum in the U.S. and heightened macro liquidity, one analyst said.
Bitcoin has repeatedly hit new all-time highs over the past week and is currently trading at $120,754 at the time of writing.
Bitcoin broke above $120,000 late night Sunday, fueled by institutional demand and approaching crypto legislative discussions in the US.
Ethereum rose 1.2% in the past 24 hours to $2,981, trading near its highest level since early February this year.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The company’s stock has soared 13,350% since launching its bitcoin treasury strategy in April as it closes in on the top 25 public holders.
ETH has surpassed the $3,000 level for the first time in five months as new bitcoin all-time highs breathe fresh life into the crypto market.
The hacker exploited GMX's V1 GLP liquidity pool on Arbitrum this Wednesday, draining over $40 million in various cryptocurrencies.
Bitcoin rose 5.5% above $117,000 to reach a new all-time high on early Friday morning, while spot bitcoin ETFs recorded massive inflows.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
KULR's latest BTC purchases leveraged a combination of surplus cash, its Coinbase credit facility, and its $300 million ATM equity program.
The transfer follows the $14.75 million in bitcoin Bhutan deposited to Binance last week — the most significant movements since November.
The firm is the latest in a plethora of new crypto treasury companies, including two other miners-turned-Ethereum acquisition companies.
The $50 billion mark in cumulative net inflows is a defining moment for bitcoin's institutionalization, one analyst commented.
Thumzup Media also disclosed that Donald Trump Jr. owns 350,000 shares, worth about $4 million at current prices.
As the self-proclaimed top holder of TRUMP, Sun recently attended a dinner earlier this year hosted by the president.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Pump.fun is launching its first and only public token sale on July 12 on Bybit and other exchanges, aiming to raise $600 million.
Kraken and Backed are expanding xStocks support to BNB Chain, enabling users to trade tokenized U.S. equities as BEP-20 tokens.
Even modest adoption of tokenization could outsize any other crypto narrative — including bitcoin — Bitwise analysts said.
Polygon is set to implement the Heimdall v2 upgrade on July 10, described as the most complex hard fork since Polygon PoS launched.
GameSquare announced a public offering of 8.42 million shares to raise $8 million for starting an ETH treasury.
The Block's Research Director Steven Zheng thinks an airdrop could still be in the works but the token sale was "bad optics."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm plans to lead Series A rounds in companies building on Bitcoin with initial checks ranging from $3 million to $8 million.
The company intends to use the net proceeds from the loan facility to fund its strategic bitcoin accumulation goals.
The "Truth Social Crypto Blue Chip ETF" will primarily consist of BTC, ETH, SOL, XRP, and CRO.
IBIT dominates the other spot Bitcoin ETFs by AUM, accounting for approximately 56% of their total 1.25 million BTC holdings.