BitMine Immersion Technology (BMNR), the largest Ethereum treasury company, continued to increase its ether ETH$2,805.43 The holdings now hold 3% of the second-largest cryptocurrency supply despite growing headwinds for digital asset treasury companies amid falling crypto prices. The company chaired by well-known investor Tom Lee announced on Monday that it had acquired 69,822 tokens over […]
BitMine (BMNR) purchased almost 70,000 ETH Read More »
Wall Street bank Citigroup said the October wipeout of crypto futures shattered sentiment, generating nearly $4 billion in bitcoin. BTC$86,315.95 exchange-traded fund outflows and the erasure of year-to-date gains. With new flows drying up, bitcoin has moved back toward the average ETF holders’ cost basis and is trading more like Citi’s bear case than its
Wall Street bank JPMorgan is sharpening its view on U.S.-listed Bitcoin miners as a wave of high-performance computing (HPC) deals reshapes business models and adds clarity to long-term revenues. The bank upgraded Cipher Mining (CIFR) from neutral to overweight and raised its price target on the stock from $12 to $18. Shares were up 4.2%
Cipher (CIFR), CleanSpark (CLSK) upgraded by JPMorgan (JPM) as HPC shift accelerates Read More »
By Omkar Godbole (All times ET unless otherwise noted) The new week does not start on the most cheerful note. Bitcoin BTC$86,234.74 is already pulling back from its weekend rebound, falling to $86,000 from around $88,000. The CoinDesk 20 Index (CD20) is also feeling the chill, sliding to 2,758 points from its weekend high of
London-based financial technology company Revolut has secured a $75 billion valuation following a secondary share sale involving several of the world’s largest investment firms, the company said in a press release. The transaction was led by Coatue, Greenoaks, Dragoneer and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton and NVIDIA’s venture capital arm, NVentures. The
Bitcoin BTC$86 103.18 Mining is experiencing a significant resurgence in China even though the activity was formally banned in 2021, according to Reuters. After almost disappearing from the global landscape, China returned to third position with an estimated 14% share of the global mining sector in October, according to the Hashrate index. This resurgence is
China once again becomes third largest BTC mining center with 14% share: Reuters Read More »
Web3 investment and infrastructure company Animoca Brands has obtained approval in principle from the Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA), the company announced on Monday. The final approval would allow Animoca Brands to manage collective investment funds within ADGM, helping it strengthen its institutional footprint in the Middle East. Animoca already has
Animoca Brands Obtains Initial Approval to Operate Regulated Fund in Abu Dhabi ADGM Read More »
Grayscale’s Dogecoin Trust (GDOG) and XRP Trust (GXRP) ETFs are set to debut later Monday, with the underlying tokens on track for their worst months since February, alongside the rest of the crypto market. The CoinDesk 20 Index (CD20) has lost 23% since the beginning of November. ETF flows for the month reflect the performance
Grayscale Dogecoin, XRP Trusts Go Live, Cleanspark Profits: Crypto Week Ahead Read More »
Thailand-based digital assets exchange Bitkub is considering an initial public offering (IPO) in Hong Kong, people familiar with the matter told Bloomberg. The exchange could seek to raise around $200 million through the IPO, possibly next year, the sources said, adding that discussions are ongoing and details could still change. Bitkub, founded in 2018, had
Thai Crypto Exchange Bitkub Rates Hong Kong IPO: Report Read More »
A week ago, CoinDesk highlighted a bearish shift in the BTC options market, with the $85,000 put surpassing the $140,000 call as the most popular bet on crypto exchange Deribit. Today, the $80,000 put took the lead, with open interest of just over $2 billion, while the $85,000 put ranked second with $1.97 billion in
$80,000 put now most popular bet Read More »
