After a year that gave rise to frequent and punctual articles proclaiming new all-time highs, Bitcoin’s ascent has been keenly observed by commentators, who attribute it to a slew of high-profile institutional investors including Anthony Scaramucci, MassMutual and Michael Saylor, who poured more than $1 billion into Bitcoin through his company MicroStrategy.
On the other side of the crypto coin (ha!), XRP suffered a historic collapse before the turn of the new year, suffering a 93% downturn in what is perceived as the third largest collapse of all time. XRP’s bleak outlook was compounded at the end of last month when the US Securities and Exchange Commission filed a lawsuit against Ripple over security violations.
Japanese Bitcoin treasury Metaplanet has introduced a plan to add to its already significant holdings of the asset, part of a recent surge of companies that are increasing their totals.
The Tokyo Stock Exchange-listed company said it was looking to raise $5.3 billion by issuing 555 million shares through stock acquisition rights.
In a post on the social media platform X, the company's CEO Simon Gerovich said that the pricing of stock acquuistion rights issuance "ABOVE market"...was "a notable...
Circle’s $1.1 billion IPO on Thursday reflected Wall Street’s growing interest in stablecoins, but it may also strengthen institutions’ conviction toward Ethereum, analysts told Decrypt.
Although Circle issues its USDC stablecoin across more than 40 different networks, more than half of the stablecoin’s circulating supply exists on Ethereum, totaling $36.7 billion, according to crypto data provider DefiLlama.
According to Bitwise Senior Investment Strategist Juan Leon, USDC’s concentration on Et...
Bitcoin stayed flat after the Bureau of Labor Statistics May nonfarm payrolls report showed a steady jobs market in May—an encouraging sign that the economy may be stabilizing.
Economists had forecast that the U.S. would add 125,000 jobs in May, according to Dow Jones. But this morning's Bureau of Labor Statistics report shows that employers hired 139,000 works last month.
Bitcoin peaked above $105,000 earlier today, but has fallen 1.5% in the past 24 hours and is currently changing hands for $1...
