Crypto News
Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside
Cryptocurrencies regained footing on Monday after a rocky start to the trading session, mirroring a broader recovery in risk assets as traders digested Moody’s downgrade of U.S. government bonds.Bitcoin BTC notched a strong rebound after slipping to as low as $102,000 early in the U.S. session, following its record weekly close at $106,600 overnight. The largest cryptocurrency by market cap climbed back to $105,000 in afternoon trading, up 0.4% over 24 hours. Ether ETH rose 1.2%, reclaiming the $2,500 level.DeFi lending platform Aave AAVE outperformed most large-cap altcoins, while the majority of the broad-market CoinDesk 20 Index members still remained in the red despite advancing from their daily lows. Solana SOL, Avalanche AVAX and Polkadot DOT were down 2%-3%.The bounce...
Michael Saylor’s Strategy Hit With Lawsuit Following $5.9B Bitcoin Loss
An investor argued that Strategy “overstated” the profitability of its Bitcoin treasury strategy before disclosing a first-quarter loss.Source link
Ethereum Foundation Outlines Strategic Vision for Future Growth
The Ethereum Foundation articulates its vision and priorities, emphasizing decentralization and long-term resilience for the Ethereum ecosystem as it welcomes new management. (Read More)Source link
Ethereum Foundation Unveils New Leadership and Strategic Vision
The Ethereum Foundation announces new Co-Executive Directors and outlines a strategic roadmap focused on scaling, security, and ecosystem growth. (Read More)Source link
ETF Weekly Recap: Bitcoin ETFs Score Fifth Straight Week of Inflows With $604 Million Boost
Bitcoin ETFs notched a fifth straight week of net inflows, bringing in $603.74 million, with Blackrock’s IBIT once again leading the charge. Ether ETFs joined the rally, posting an inflow of $41.59 million. Bitcoin and Ether ETFs Log Strong Inflows Despite Broad Market Mixed Signals Crypto exchange-traded fund (ETF) momentum held strong last week asSource link