Bitcoin (BTC) may rally toward $96,000 by June as institutions absorb more than five times the daily mined BTC supply, according to Capriole Investments founder Charles Edwards. BTC price averages 24% gains after institutional supply squeeze In a Monday post, Edwards said institutions have been “slurping up 500%+ of Bitcoin’s daily mined supply.” BTC/USD daily…
The US Securities and Exchange Commission has delayed the expected launch of the first exchange-traded funds (ETFs) linked to prediction markets after requesting more information about their structure and disclosures, Reuters reported Monday. The delay affects more than two dozen proposed ETFs from Roundhill Investments, GraniteShares and Bitwise, according to Reuters, citing people familiar with…
In brief The price of Bitcoin topped $80,000 overnight for the first time since January. Both Bitcoin and Ethereum have made sizable gains over the last month after a tough start to the year. Strategy didn’t buy any Bitcoin last week ahead of its upcoming earnings report. The price of Bitcoin rose above the $80,000…
In brief World Liberty Financial sued Justin Sun, accusing him of shorting WLFI and then defaming the company. The suit claims Sun ran a coordinated campaign to drive down the price of the Trump family’s token. The filing follows Sun’s own recent lawsuit against World Liberty over the firm’s freezing of his tokens. The Trump…
Market analysts said Bitcoin (BTC) is “primed for upward momentum” after rallying past $80,000 during the early Asian trading hours on Monday. Key takeaways: Bitcoin price rises to a 13-week high of $80,610 on Monday amid $462 million in crypto liquidations. The CME gap at $84,000 could act as a “magnet” for BTC price. Bitcoin…
In brief GameStop submitted a non-binding proposal to acquire eBay for $125 per share in cash and stock. The deal values eBay at $55.5 billion, representing a 46% premium to its February 4 closing price. GameStop has built a 5% stake in eBay through derivatives and common stock ownership. GameStop has submitted a non-binding proposal…
GameStop proposed an unsolicited, non-binding $55.5 billion acquisition of eBay in a cash-and-stock deal, as the video game retailer looks to push further beyond its legacy retail business. The company on Sunday submitted a non-binding proposal to acquire 100% of eBay at $125 per share in cash and stock, according to an announcement. The offer…
South Korea’s crypto industry has reportedly warned that proposed Anti-Money Laundering (AML) rule changes could create operational confusion by forcing virtual asset service providers (VASPs) to report all overseas-linked virtual asset transfers worth 10 million Korean won (about $6,800) or more as suspicious transactions. According to a Yonhap News report on Sunday, the Digital Asset…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify. GM! Today’s top news: Bitcoin passes $80K…
Bitcoin (BTC) starts a new week in fighting form as $80,000 returns after a three-month absence. Bitcoin finally taps the $80,000 mark for the first time since late January, as a trader brings $88,000 and higher back into focus. The Bitcoin bear flag construction is in the spotlight, while some still see a new macro…