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 […]
SEC Charges Unicoin and Executives for $110 Million Fraud
The post SEC Charges Unicoin and Executives for $110 Million Fraud appeared first on Coinpedia Fintech News The SEC has charged New York-based Unicoin and three of its top executives with fraud. They are accused of misleading over 5,000 investors to raise $110 million. According to the SEC, Unicoin promised big returns but failed to […]
Cardano (ADA) In Focus: Can It Break This Barrier and Reclaim Momentum?
Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The price is trading above $0.740 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.7580 […]
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Bitcoin Breaks New Record in Realized Cap, Ethereum Follows With Strong Momentum
Bitcoin’s surge to over $107,000 in recent days—just shy of its December 2024 record of $109,000—has triggered a historic milestone. For the first time ever, the network’s Realized Cap, a metric reflecting the aggregate cost basis of all coins in circulation, has surpassed $900 billion. This all-time high underscores the scale of new capital flowing […]