By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq. Leading the recovery among major cryptocurrencies is XRP, up 11%, followed by SOL with a 7% increase. AI coins, hit hard on Monday, are … Read more
Bitcoin (BTC) rose to nearly $103,000 to usher gains across the crypto market on Tuesday after breakthroughs from China’s DeepSeek led to a steep fall in U.S. indexes on Monday, prompted by concerns of overvaluations of its AI investments. XRP led gains among crypto majors with a 12% surge, while Cardano’s ADA, BNB Chain’s BNB, … Read more
Tom Lee, head of Fundstrat Research, discussed Monday’s market sell-off as an “overreaction”. On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the covid outbreak and will prove to be a great buying moment. “Markets don’t like uncertainty, to me, it’s an overreaction, and this overreaction will be … Read more
Short-term bitcoin (BTC) holders exited the market at a loss Monday as tumbling prices also saw derivative traders throw in the towel, leading to a significant decline in open futures bets on the Chicago Mercantile Exchange. Short-term holders, defined by Glassnode as addresses with a history of holding coins for less than 155 days, sent … Read more
Hive Digital Technologies (HIVE) agreed to buy a site in Paraguay from fellow bitcoin miner Bitfarms (BITF) for a total of $85 million including assumed obligations. The acquisition of the site in Yguazú, Paraguay will more than triple Hive’s hashrate to 25 exahash per second (Eh/s) by September, Hive said Tuesday. It will pay a … Read more
Metaplanet (3350), the Japanese hotel investor, has announced the largest capital raise in Asian equity market history to buy bitcoin (BTC). Metaplanet has issued 21 million shares through 0% discount moving strike warrants, raising approximately 116 billion yen ($745 million). This allows holders to buy shares at an exercise price equal to the market price, … Read more
Exchange-traded fund (ETF) provider Tuttle Capital Management is “testing the waters” of the crypto-friendly Trump administration with ten 2x leveraged ETF proposals to the U.S. Securities and Exchange Commission (SEC) on Monday, including those tracking Donald and Melania Trump’s official memecoins. Tuttle proposed the first-ever ETFs tracking 200% returns of the following tokens: Chainlink (LINK), … Read more
Crypto market maker Wintermute’s Singaporean derivatives trading entity Wintermute Asia has introduced a contract for difference (CFD) linked to the GMCI USA Select Index, enabling traders to swiftly adapt to evolving market narratives, especially concerning the potential establishment of a strategic digital asset reserve. The index tracks the performance of the top crypto projects with … Read more
Former hedge fund manager Jim Cramer called for owning bitcoin (BTC), but not its largest public holder MicroStrategy, in the latest segment of CNBC’s Mad Money on Monday night. “If you want to own bitcoin, (you) own bitcoin,” Cramer said in response to a caller during the segment. “I own bitcoin, you should own bitcoin. … Read more
KuCoin has pled guilty to one count of operating an unlicensed money transmitting business and has agreed to pay penalties of $297 million, the United States Attorney’s Office for the Southern District of New York said in a release on Tuesday. “KuCoin avoided implementing required anti-money laundering policies designed to identify criminal actors and prevent … Read more