MARA Holdings (MARA) sold 15,133 bitcoin for approximately $1.1 billion between March 4 and March 25 to fund a major balance sheet overhaul. The company is using the proceeds to repurchase roughly $1.0 billion of its 0.00% convertible senior notes due 2030 and 2031 at a discount. In total, MARA will buy back $367.5 million […]
Michael Saylor’s Strategy (MSTR) continued to add to bitcoin holdings last week, but at a vastly reduced pace from recent previous acquisitions. The leading bitcoin treasury company last week added 1,031 bitcoin for a total cost of $76.6 million, or $74,326 per coin. Strategy’s total holdings now stand at 762,099 BTC, acquired for approximately $57.69 […]
By Omkar Godbole (All times ET unless indicated otherwise) While bitcoin’s BTC$74,158.35 price rise since the Iran conflict began more than two weeks ago is impressive, the performance of Hyperliquid is even more notable. Users of the decentralized perpetuals exchange have traded millions in commodity futures, particularly those tied to oil, highlighting the utility of […]
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin BTC$69,587.38 slipped back below $70,000 as war in the Middle East and U.S. inflation data due later today keep investors cautious. The latest failure to build momentum above $70,000 followed reports that Iran was laying mines along the already disrupted Strait of Hormuz, a major […]
About $27 million was liquidated on the decentralized lending platform Aave over the last 24 hours, in what some market participants say may have been caused by a temporary pricing issue involving the token wstETH. Blockchain data flagged by risk-management firm Chaos Labs shows a spike in liquidations in the past 24 hours. Some observers […]
Crypto market strength extended into Tuesday, with bitcoin BTC$70,816.15 gaining by 3.9% since midnight UTC to trade at $71,000 while ether (ETH) is back above $2,000, a level it recently had problems surpassing. Crypto was not alone in its ascent. U.S. equities and precious metals also after U.S. President Donald Trump said the war in […]
Bitcoin’s future in an artificial intelligence-driven world may depend less on code and more on central banks. In a new note, Greg Cipolaro, global head of research at financial services and infrastructure firm NYDIG, argued that artificial intelligence will affect bitcoin mainly through macroeconomic channels and its impact on the labor market. The key variables […]
Bitcoin BTC$67,963.04 ETF holders and corporate treasuries – the players everyone praises for their long-term vision – are stacking insurance against price crash below $60,000, cryptocurrency exchange Deribit told CoinDesk. “ETF holders and corporate treasuries are buying 6-month and 1-year puts at $60k or below ($60,000 put, a derivative contract offering protection against potential price […]
Bitcoin BTC$63,083.82, once hailed as an anti-establishment asset and antithesis to Wall Street, may now bend to sharp traders from those same floors. Trading in the leading cryptocurrency is steadily shifting toward CME Group, and the exchange’s move to 24/7 derivatives later this year could cement its role as the dominant venue for institutional crypto […]
Gold surged to record, bringing cheer to digital tokens backed by the metal traditionally seen as a haven investment. XAUT$4,417.98, the largest gold-backed token by market value, rose to an all-time high of $4,425 while PAXG (PAXG) and kineses gold (KAU) also rose, lifting the total market value of gold-backed tokens to $4.38 billion. “The […]
Bitcoin BTC$97,014.68 saw no bounce Friday, holding at session lows below $95,000 late in the U.S. day after a bruising week that dragged prices to their lowest since May. The largest cryptocurrency is again underperforming U.S. stocks, with major U.S. indices holding onto minor gains a few minutes prior to the end of trading. BTC […]
XRP extended its breakout sequence Tuesday, surging 6.2% to $2.40 as institutional flows accelerated across major exchanges. The token broke decisively above the $2.35 resistance level on 169% above-average volume, marking its strongest single-session gain in over a week and establishing new cycle highs near $2.43 before consolidating. News Background Canary Capital, Bitwise, Franklin Templeton, […]