In a filing with the US Securities and Exchange Commission on May 13, Cantor Equity Partners revealed that Tether bought 4,812 Bitcoin for a total of $458.7 million and an average price of $95,320 per BTC. The purchase was on behalf of Jack Mallers’ recently launched Bitcoin treasury company, Twenty One Capital. Twenty One Capital, […]
Trump-affiliated Bitcoin mining company, American Bitcoin, plans to go public through a merger with Gryphon Digital Mining, Inc. The deal, structured as a stock-for-stock transaction, will see Gryphon acquire the company and operate under the American Bitcoin brand once closed. Merger Details According to a May 12 press release, the newly combined entity will be […]
Bitcoin (BTC) continues to flex its dominance as the top digital asset, attracting $867 million in inflows last week alone, according to a fresh CoinShares report published on May 12. This influx led the broader crypto investment products market, which collectively saw $882 million in inflows, marking the fourth consecutive week of gains and lifting […]
Japanese investment firm Metaplanet has added to its Bitcoin reserve with a fresh purchase worth $126.7 million on May 12. The latest move brings the company’s total Bitcoin holdings to 6,796 BTC. Details From The Latest Buy The development was shared by CEO Simon Gerovich on X. He revealed that the firm has bought 1,271 […]
Following a week of anticipation and building hype, the US and China delegates finally met in Geneva, Switzerland, to discuss a potential trade deal. Although the initial statements from both countries are positive in terms of reaching a mutual understanding, the crypto market has reacted with a minor retracement, while Santiment warned investors to exercise […]
New Hampshire has become the first US state to allow its treasury to invest in crypto assets after Governor Kelly Ayotte signed House Bill 302 into law on May 6. “New Hampshire is once again first in the Nation,” she said on X before adding, “Just signed a new law allowing our state to invest […]
Bitcoin Core developers have confirmed that the next software release will lift the long-standing 80-byte restriction on OP_RETURN transaction outputs. The decision was met with concern in the crypto space as users expressed dissatisfaction with the move. OP_RETURN Has Outlived Its Purpose The information was relayed in a May 5 GitHub announcement by Bitcoin developer […]
Bitcoin (BTC) may be facing short-term volatility, but fresh on-chain data from Glassnode suggests a resilient foundation beneath the market’s surface. Despite a recent pullback from its all-time high (ATH) of over $109,000, BTC has rebounded from its April lows near $75,000 to consolidate above $94,000, putting 88% of its circulating supply in profit. Market […]
According to recent Bernstein research, corporations could invest up to $330 billion in Bitcoin over the next five years. “We expect around $330 billion corporate treasury-led inflows to Bitcoin by 2029,” the analysts stated. This potential shift suggests Bitcoin is evolving from a speculative asset to a legitimate corporate treasury option. They added that, over the […]
Although BTC failed at $100,000 and the broader market faced a minor 2.1% pullback, U.S. President Donald Trump has doubled down on his pro-crypto stance, calling the asset class “very popular,” “very hot,” and even “much stronger” than the stock market. The comments were made in a May 4 sit down with Meet the Press […]