Crypto News

The UK-based bank now holds 2,473,064 shares of IBIT, valued at $131 million as of December 31, as per the Thursday SEC filing.Source link

By James Van Straten (All times ET unless indicated otherwise)Bitcoin (BTC) continues to climb the wall of worry, pushing above $97,000 despite hotter-than-expected U.S. consumer and producer price inflation reports in the past couple of days. That's a surprise. With prices rising and the likelihood of a Fed rate cut receding, you'd expect risky investments like cryptocurrencies to pause, at the very least.The buoyant behavior is possibly underpinned by signs that inflation is still seen as easing in coming months."Bitcoin could likely get some relief in the short-term judging by the high-frequency U.S. inflation indicator by truflation which suggests a significant decline in headline inflation over the coming months," said Andre Dragosch, the head of European research at Bitwise. The...

Plasma, a startup focused on developing a blockchain tailored for stablecoin transactions, has raised $20 million in a Series A funding round led by Framework Ventures, following an earlier $4 million seed round. The investment, which includes participation from notable figures such as Peter Thiel and Tether CEO Paolo Ardoino, aims to enhance Plasma’s capabilitiesSource link

Short-term bitcoin (BTC) holders (STHs) have added 1.5 million bitcoin (BTC) since September taking the total to over 4 million bitcoin, according to Glassnode. This equates to an average accumulation of approximately 300,000 BTC per month. During this period, bitcoin surged from $60,000 to $109,000 before pulling back below $100,000. Glassnode defines STHs as those who have held bitcoin for less than 155 days.Historically, in previous bull market cycles, bitcoin's price tends to peak when STHs exhaust their buying momentum, leading to a slowdown in price appreciation. This pattern has played out in 2013, 2017, and 2021. However, STHs held significantly more bitcoin at these cycle peaks: 5 million BTC in 2013, 6.2 million BTC in 2017, and 4.6 million...

Alternative cryptocurrencies, or altcoins, made waves Friday as XRP and dogecoin (DOGE) drew strength from spot ETF optimism and Solana-based decentralized exchange Jupiter's JUP token cheered the platform's buyback program.The U.S. Securities and Exchange Commission (SEC) has acknowledged Grasycale's applications for XRP and dogecoin (DOGE) spot ETFs, Fed. 13 updates by the market regulator show. These filings will now be submitted to the SEC's federal register, setting off a 240-day deadline to review and decide on the applications.Recently, there has been a wave of filings for altcoins ETFs, including Solana's SOL and Litecoin (LTC), indicating expectations for accelerated integration of cryptocurrencies into mainstream finance under Donald Trump's Presidency.Potential approval of XRP and DOGE spot ETFs, regulated and familiar investment vehicles,...