NYDIG to Approach Bitcoin-Backed Loans to Unlocking Capital with Float Financing
The New York Digital Investment Group (NYDIG), a subsidiary of Stone Ridge, is set to harness the power of insurance float to back Bitcoin loans. This innovative strategy is expected to offer liquidity to Bitcoin holders. It allows them to…
Bitwise Files for Crypto Treasury ETF
In a significant move for the cryptocurrency market, Bitwise Asset Management has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF). This ETF, named the Bitcoin Standard Corporations ETF,…
MicroStrategy Joins Nasdaq 100: A Milestone for Bitcoin and Institutional Adoption
In a significant development for both the cryptocurrency and traditional financial markets, MicroStrategy has officially joined the Nasdaq 100 index. This inclusion marks a major milestone for the company. MicroStrategy has become synonymous with Bitcoin…
Bitcoin Liquidity Index Predicts $110K Local BTC Peak by January 2025
In a recent analysis, the Bitcoin liquidity index has predicted that Bitcoin (BTC) could reach a local peak of $110,000 by January 2025, according to Cointelegraph. This forecast is based on Bitcoin’s correlation with the Global Macro Investor’s…
Bitcoin ETFs Attract Over $1 Billion in Inflows This Week
This week, Bitcoin exchange-traded funds (ETFs) have seen a remarkable surge in inflows, surpassing $1 billion. This influx of capital highlights the growing interest and confidence among investors in the cryptocurrency market. Key Drivers of the Surge…
What to Expect When Bitcoin Surpasses $100,000
Bitcoin’s journey to surpassing the $100,000 mark has been nothing short of remarkable. As of today, Bitcoin is trading at $98,983.29, according to Coinmarketcap. Inching ever closer to this milestone, it’s essential to consider what we can…
Bitcoin’s Ascent Above $80k: What It Means for Its Future
Bitcoin has recently surged past the $80,884 according to Coinmarketcap, reaching new heights and sparking excitement across the cryptocurrency community. This milestone is not just a number—it’s a signal of the growing acceptance and potential of…
Bitcoin Surges Above $70,000 for the First Time in three months
Bitcoin has once again captured the attention of the crypto world, surging past the $70,000 mark for the first time since June. This milestone comes amidst a backdrop of rising institutional demand and significant inflows into Bitcoin exchange-traded…
BlackRock’s IBIT buys Over $1 Billion in Bitcoin within this Week
BlackRock, the world’s largest asset manager, has made a significant move in the cryptocurrency market by purchasing over $1 billion worth of Bitcoin through its iShares Bitcoin Trust (IBIT) ETF this week. This massive investment has contributed to…
CME Bitcoin Futures Open Interest Reaches ATH, Fueled by Active and Direct Investors
The Chicago Mercantile Exchange (CME) has recently announced that the open interest in its Bitcoin futures market has reached an all-time high. As of October 15, 2024, the open interest hit a staggering 172,430 BTC according to Coindesk report,…