Crypto shares surge after Trump emerges as the crypto candidate at world’s largest Bitcoin conference
Shares of the New York-based cryptocurrency company surged on Monday after Republican presidential candidate Donald Trump endorsed Bitcoin and promised friendlier regulations for the industry. The former president, speaking at the 2024 Bitcoin Conference in Nashville, Tennessee over the weekend, vowed that if re-elected to the White House, “the United States will become the crypto […]
Bitcoin ETF update: Rising interest with weekly net inflows of $535M – AMBCrypto News
Bitcoin has entered the $69,000 price range. The new price range could impact ETF flows this week. The latest Bitcoin ETF update revealed that most ETF companies have experienced positive capital inflows over the past week, indicating strong investor interest. Only one major ETF company reported negative inflows, an anomaly amid the bullish trend in […]
Record $39.4B Bitcoin open interest suggests imminent price breakout – Cointelegraph
Bitcoin futures open interest has hit an all-time high, suggesting growing investor demand for the world’s largest cryptocurrency. Is a price surge imminent? Bitcoin (BTC) open interest, a metric that monitors the total number of open positions in the underlying asset, reached a record high of $39.46 billion across exchanges. The current figure surpasses the […]
Bitcoin Above $69,000 as Inflation Shows Signs of Easing Ahead of Fed Meeting – Decrypt
U.S. prices rose modestly in June, suggesting inflation is subsiding, which could lead the Federal Reserve to cut interest rates in September, paving the way for higher prices for risky assets, including cryptocurrencies. The Commerce Department reported Friday that consumer spending slowed slightly last month, and easing price pressures and a cooling labor market may […]
State of Michigan Unveils Nearly $6,600,000 Investment in ARK 21Shares Bitcoin ETF – The Daily Hodl
New documents reveal that the state of Michigan has millions of dollars worth of investments in the ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF). According to the new 13-F Filing The State of Michigan Retirement System, in cooperation with the U.S. Securities and Exchange Commission (SEC), has purchased 110,000 shares of the ARK 21Shares BTC […]
Bitcoin Miners Weathering ‘Identity Crisis’ as Some Eye AI and Acquisitions – Decrypt
Bitcoin mining companies benchmarked each other at Bitcoin 2024 in Nashville last weekend, as the post-halving situation continues to put pressure on companies’ established business models. While some public companies are seeing industry-wide hurdles as an opportunity to expand or even launch hostile takeover attempts, others are seeking to gain an advantage by diversifying revenue […]
Hong Kong legislator eyes Bitcoin for fiscal reserves – Cointelegraph
Hong Kong Legislative Council Member Johnny Ng has announced plans to work with various stakeholders to assess the feasibility and potential benefits of incorporating Bitcoin into the special administrative region’s financial reserves. In a recent X post, Ng highlighted the growing global recognition of Bitcoin (BTC), which is often referred to as “digital gold” due […]
Sen. Lummis proposes US government purchase 5% of total Bitcoin supply – TradingView
U.S. Senator Cynthia Lummis introduced the “Strategic Bitcoin Reserve” bill, proposing that the U.S. government purchase 5% of the global Bitcoin supply and hold it for at least 20 years. “This can be used for one purpose: to reduce debt,” Lummis declared during a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee on […]
Trump, who once trashed bitcoin as ‘based on thin air,’ addresses crypto’s largest convention – CNN
Nashville CNN — For a while, Donald Trump It would have been surprising for him to be the headliner at a cryptocurrency conference. As president, Trump declared Bitcoin “is not money,” criticized it as “highly unstable and unfounded,” and warned that cryptocurrencies help fuel illegal underground markets. “The United States has only one real currency […]
Sen. Lummis proposes US government purchase 5% of total Bitcoin supply – Cointelegraph
U.S. Senator Cynthia Lummis has introduced a bill proposing that the U.S. government purchase 5% of the global Bitcoin supply and hold it for at least 20 years. “It can be used for one purpose, which is to reduce debt,” Rammis said. Declared The remarks were made during a keynote speech at the Bitcoin 2024 […]