The post Texas Strategic Bitcoin Reserve Bill Advances Toward Final Approval appeared first on Coinpedia Fintech News The Texas House of Representatives has cleared the second reading of the Strategic Bitcoin Reserve Bill (SB 21), moving the state one step closer to officially entering the crypto space. The bill seeks to create the “Texas Strategic […]
Blackstone Makes Historic $1M Investment in Bitcoin ETF as Their First Crypto Venture
Blackstone Acquires 1 Million Shares of BlackRock’s Bitcoin ETF iBit In a significant move in the cryptocurrency market, Blackstone has purchased 1 million shares of BlackRock’s Bitcoin ETF, known as iBit. This acquisition showcases Blackstone’s growing interest in the digital asset space and its recognition of the potential of Bitcoin as a valuable investment opportunity. […]
South Korean Actor Hwang Jung-eum Faces Backlash for Embezzling $3 Million to Buy Crypto
The post South Korean Actor Hwang Jung-eum Faces Backlash for Embezzling $3 Million to Buy Crypto appeared on BitcoinEthereumNews.com. In brief South Korean actor Hwang Jung-eum admitted in court to embezzling $3.1M (₩4.34B) from her agency to invest in crypto. SBS Plus channel removed her segments from the final episode of Because I’m Single following […]
Robinhood Plans to Digitize Stock Assets
The post Robinhood Plans to Digitize Stock Assets appeared on BitcoinEthereumNews.com. Robinhood has introduced a comprehensive proposal to the U.S. Securities and Exchange Commission (SEC), aimed at establishing regulatory guidelines for the digitization of real-world assets for on-chain stock transactions. Through a detailed 42-page document, Robinhood outlines a new framework that seeks to modernize and […]
Strive Eyes 75,000 BTC Mt. Gox Claims
Strive Enterprises, co-founded by Vivek Ramaswamy, is pursuing 75,000 BTC from Mt. Gox claims as part of its Bitcoin treasury strategy, reflecting its commitment to cryptocurrency investments. The strategy, potentially reducing Bitcoin market selling pressure, marks a significant shift for institutional BTC accumulation by leveraging bankruptcy claims at discounted rates. Strive Targets 75,000 BTC Mt. […]
When Will SEC Approve an XRP ETF? Latest Delay Explained
The post When Will SEC Approve an XRP ETF? Latest Delay Explained appeared first on Coinpedia Fintech News Once again, the U.S. Securities and Exchange Commission (SEC) has hit the pause button on an XRP ETF proposal, this time from 21Shares. While it may sound disappointing, this delay is more routine than alarming. In fact, […]
BTC Whales on Hyperliquid Use 40x Leverage: $1.03 Billion Long Positions Amid Shorting Gambler
The post BTC Whales on Hyperliquid Use 40x Leverage: $1.03 Billion Long Positions Amid Shorting Gambler appeared on BitcoinEthereumNews.com. On May 21st, an analysis by Lookonchain revealed significant trading activity on the decentralized exchange Hyperliquid, with three major whales employing a staggering 40x leverage to position themselves long on Bitcoin (BTC). Collectively, their long positions […]
Cardano Poised for Breakout? $3.10 in Sight as ADA Leaves Exchanges
The post Cardano Poised for Breakout? $3.10 in Sight as ADA Leaves Exchanges appeared on BitcoinEthereumNews.com. Almost a billion dollars’ worth of ADA has quietly left centralized exchanges this year, a sign that investors are choosing to lock in for the long haul. Cardano’s prospects are enhanced by other aspects, such as introducing an ADA […]
Blackstone buys $1M worth of Bitcoin ETF in first crypto bet
Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund. However, Blackstone’s investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1.08 million — a fraction of the asset manager’s $1.2 trillion […]
“Betting Against Bitcoin?” Metaplanet CEO Asks Hedge Funds On Stock Short
Metaplanet stock has come on the radar of hedge funds following a massive 33% gain over the past week, and a 121% gain on the monthly chart. With the stock now trading at a yearly high of 783 JPY, short bets have shot up significantly. CEO Simon Gerovich noted that betting against the Japanese firm […]