Coindesk

The BlackRock iShares Bitcoin (BTC) Trust ETF (IBIT) saw $970.9 million in inflows, marking its second-largest net inflow since launching in January 2024, according to Farside data. Monday accounted for $591.2 million in new capital, which saw heavy outflows from competitors: Fidelity’s FBTC lost $86.9 million, Bitwise’s BITB dropped $21.1 million, and ARK’s ARKB saw $226.3 million in outflows.The rise comes alongside a 7.2% rise in BTC over the past seven days with it now trading at $94,900.Since April 22, IBIT has amassed over $4.5 billion in net inflows, bucking the market trend.Industry experts have taken note. Nate Geraci, President of The ETF Store, remarked:"Nearly $1 billion into iShares Bitcoin ETF today... Second-largest inflow since January 2024 inception. I still...

Viant Technology (DSP), an ad tech company, could unlock significant shareholder value by adopting a bitcoin (BTC) treasury strategy according to Eric Semler, the chairman of Semler Scientific (SMLR), the scientific-equipment maker that also adopted a bitcoin-buying policy.Viant joins Zoom Communications (ZOOM) and Coursera, Inc. (COUR) on Semler's list of “Zombie Zone” companies that, he says, have untapped capital and an urgent need to rethink strategic direction. Neither of the previous two followed his advice.In a post on X, Semler highlighted Viant’s stock performance as a key indicator of investor skepticism toward the company’s long-term growth prospects. The shares are down 44% since the company's 2021 IPO and slumped 50% in February alone.Despite this, Viant maintains a strong financial foundation,...

Alex Mashinsky, the founder and former CEO of collapsed crypto lender Celsius Network, faces the prospect of spending the next two decades behind bars if the U.S. Department of Justice's sentencing memo request is granted.In the memo filed late Monday, the DOJ urged the court to impose a 20-year prison sentence, calling the crimes a “deliberate, calculated” fraud that caused nearly $7 billion in customer losses and left thousands financially devastated.Mashinsky, who pleaded guilty in December to misrepresenting the safety of customer deposits and manipulating Celsius's CEL token, “refuses to accept responsibility” for his crimes and continues to shift blame to regulators, market conditions and even his victims, prosecutors said.“Mashinsky’s crimes were not the product of negligence, naivete, or bad...

Bitcoin-friendly Conservative Leader Pierre Poilievre will no longer be a Member of Parliament after losing his seat in an election which saw Mark Carney's Liberal Party secure enough seats to form at least a minority government.Data from Elections Canada, reported by the CBC, shows Poilievre lost his Ottawa-area seat to Liberal Brunce Fanjoy on Monday night after a 5-week election cycle triggered by Carney, the current Prime Minister, last month. Overall, the Liberal party took approximately 162 seats as of 12:00 a.m. Eastern Time, which is enough to form a minority government. This is fewer than recent polls forecast, which projected that a Carney-led Liberal party would hit majority government territory — 172 seats — given the threats U.S. President...

Bitcoin (BTC) fell early in the U.S. trading session, but mostly held firm as poor macroeconomic news rolled in.The top cryptocurrency late in the day was trading just below $95,000, up 0.5% over the past 24 hours. The CoinDesk 20 — an index of the top 20 largest cryptocurrencies by market capitalization excluding memecoins, exchange coins and stablecoins — was roughly flat over the same time frame.Crypto stocks like Coinbase (COIN), Strategy (MSTR) and the miners were losing modest ground after big gains last week. Notable exceptions included Janover (JNVR) and DeFi Technologies (DFTF), ahead 24% and 6.5%, respectively even as SOL — the token which both companies are aggressively accumulating — fell about 3% during the U.S. day.Meanwhile, gold...