Crypto News
Spanish Coffee Shop Franchise Joins the Bitcoin Treasury Craze: Approves €1B Purchase Strategy
Spanish franchise Vanadi Coffee is now ready to execute its bitcoin purchase strategy and cryptocurrency pivot following the approval of this move at a shareholder meeting. The company already holds 54 BTC under the custody of the Spain-based exchange Bit2me. Spanish Franchise Vanadi Coffee Snatches Bitcoin Pivot Approval, Executes BTC Purchase Bitcoin Treasury Companies (BTCs)Source link
Bitcoin Price Not Being Suppressed, Selling by Long-Term Holders, Checkmate Says
Bitcoin (BTC) has been consolidating above $100,000 since the start of May. The only time the price drop below $100,000 was on 22 June, which was a weekend when tensions escalated between Iran and the U.S.However, due to typically low trading volume over weekends, price action is often less reliable during those periods since crypto is the only industry that trades continuously.Despite ongoing discussions about public companies acquiring bitcoin globally, on top of the availability of exchange-traded funds in the United States, investors are still wondering why bitcoin has not yet broken to new all-time highs above $112,000.On-chain data, specifically the revived supply breakdown by age, shows elevated levels of bitcoin being sold by investors who have held their coins...
Hong Kong Monetary Authority Announces Results of Recent EF Bills Tender
The Hong Kong Monetary Authority has revealed the results of the latest Exchange Fund Bills tender, with notable allotments and yields for various issue numbers. (Read More)Source link
Metaplanet Acquires Extra 1,005 Bitcoin, Boosting Total Holdings to 13,350 BTC
Metaplanet (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,005 bitcoin as part of its ongoing Bitcoin Treasury Operations, bringing its total holdings to 13,350 BTC. The latest purchase was made at an average price of 15,569,831 yen per bitcoin,Source link
Bitcoin DEX Traders Position for Downside Volatility With $85K-$106K Puts, Derive Data Show
Bitcoin (BTC) options flow on the leading decentralized onchain platform Derive.xyz shows that traders are preparing for downside price volatility over the next couple of weeks.As of Monday, 20% of the platform's total BTC options open interest, valued at over $54 million, was concentrated in the July 11 expiry put options with strikes at $85,000, $100,000, and $106,000, according to data shared by Derive."This suggests that traders are positioning for potential downside, possibly bracing for macro uncertainty or profit-taking after recent strength," Nick Forster, founder of Derive told CoinDesk.A put option gives the holder the right to sell the underlying asset, such as BTC, at a predetermined price on or before a specified future date. A put buyer is implicitly...