Category: crypto

Strategy’s Bitcoin-focused investment operation achieved a 13.7% year-to-date BTC Yield and a $5.8 billion BTC $ gain as of April 28. The firm raised its full-year BTC Yield target to 25% and increased its BTC gain projection to $15 billion. Strategy holds 553,555 BTC acquired at a cost of $37.9 billion.

Publicly listed companies have purchased 157,957 Bitcoin, accounting for 96% of the projected new supply for the year. Private companies and ETF issuers also added to their holdings, with a total of 192,925 BTC acquired in the first four months of the year. Institutional demand continues to surpass issuance, shaping the corporate Bitcoin accumulation narrative.

Tether increased its exposure to US Treasuries by $3 billion, reaching $120 billion in holdings by March 31. Despite a decrease in profits from the previous year, Tether remains focused on stability and vision. The company also reported $5.6 billion in excess reserves, with ongoing USDT supply expansion and strategic investments. Regulatory supervision in El…

A structural reset is happening in Bitcoin’s on-chain metrics, indicating a reduction in speculative excess and a shift towards more neutral positioning. Key indicators like MVRV ratio, SOPR, and Sell-Side Risk Ratio are returning to historical levels, suggesting reduced investor euphoria and consolidation near cost basis. The market is consolidating, with resistance around $93,000 to…

Algorithmic trading firm Two Prime has dropped its exposure to Ethereum, citing that ETH now trades as a memecoin. The firm will now exclusively manage and lend against Bitcoin, believing it is the only digital asset meeting institutional standards. They noted a performance divergence between BTC and ETH, with ETH’s behavior no longer aligning with…

A recent analysis by 21Shares suggests that a 1% allocation to Dogecoin in a portfolio could improve returns without significantly increasing risk. The report highlights Dogecoin’s low correlation with traditional assets and the wider crypto market. It also outlines potential price projections for Dogecoin in the current market cycle.

A coalition of US blockchain firms, led by the Crypto Council for Innovation, has urged the SEC to provide clear regulatory guidance on crypto staking. They argue that staking is a technical process for maintaining blockchain networks and should not be classified as a security. Regulatory clarity is needed to benefit stakeholders and ensure competitiveness…

Morgan Stanley and Charles Schwab are preparing to offer crypto trading to their clients. Morgan Stanley plans to launch spot crypto trading on its E*Trade platform by 2026, while Charles Schwab aims to enable direct spot crypto trading within the next 12 months. This move aligns with regulatory changes in the US that are making…

Binance BNB Chain’s stablecoin reserves grew by over $2 billion with the introduction of USD1, a new dollar token by World Liberty Financial. The stablecoin market cap surged by 30% to $9.26 billion, closing the gap with Solana. USD1, backed by U.S. Treasury bills and BitGo, aims to challenge USDT and USDC.

Japanese Bitcoin investment firm Metaplanet is expanding into the US market with the launch of Metaplanet Treasury Corp. in Florida. The company plans to raise $250 million in capital to boost its BTC reserves and offer improved liquidity solutions to institutional investors. This move marks a turning point in Metaplanet’s growth strategy.