Tag: COIN:BTCUSD
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BlackRock’s IBIT Surges as Top Bitcoin ETF, Bitfarms Rejects Riot Platforms Offer, and More Crypto News
Bitfarms rejects Riot Platforms’ $950 million acquisition offer On May 29th, Bitfarms (NASDAQ:BITF) rejected a $950 million acquisition proposal from Riot Platforms (NASDAQ:RIOT), arguing that the offered value was insufficient. Received on April 22nd, the offer consisted of $2.30 per share in cash and stock. The decision was made after analysis by the Special Committee…
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Semler Scientific Invests in Bitcoin, Riot Platforms Eyes Bitfarms Acquisition, and More Crypto News
Semler Scientific invests $40 million in Bitcoin Semler Scientific (NASDAQ:SMLR), a company specializing in health products, announced the acquisition of 581 Bitcoins for $40 million, highlighting digital currency as a promising investment and store of value. According to CEO Eric Semler, this strategy aims to protect the company against inflation and capitalize on the potential…
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Ethereum Nears $4K, Bitcoin ETFs Hold Over 1 Million BTC, and More Crypto News
Bitcoin ETFs reach milestone of 1 million bitcoins held For the first time, Bitcoin ETFs worldwide have surpassed the milestone of 1 million bitcoins held, according to Bold.report. US ETFs lead, with the Grayscale ETF (AMEX:GBTC) holding around 292,000 BTC. Following are BlackRock (NASDAQ:IBIT) and Fidelity (AMEX:FBTC), with significant recent transaction volumes, consolidating the growing…
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Trading of Ether ETFs Delayed, LINK Performs Well, and More Crypto News
Ethereum ETFs approved but trading still pending The SEC has given the green light to eight Ethereum ETFs from major management firms like BlackRock (NYSE:BLK), Fidelity, and Grayscale. However, the delay in finalizing the S-1 forms, essential for the commencement of trading, might prolong the process. Experts indicate that the sluggishness is due to last-minute…
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U.S. House Approves FIT21 Law, Hong Kong Considers Staking in Ether ETFs, and More Crypto News
U.S. House approves FIT21, boosting regulatory framework for cryptography The U.S. House of Representatives has passed the Financial Innovation and Technology Act for the 21st Century (FIT21), marking a significant advance in the regulation of digital assets. With a vote of 279 to 136, the bill received strong bipartisan support and promises to establish clear…
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White House and SEC Diverge on FIT21, IBIT Sees Significant Inflows, and More Crypto News
BlackRock Bitcoin ETF records $290 million inflows on Tuesday On May 21, spot Bitcoin ETFs accumulated nearly $300 million in net inflows. BlackRock’s popular Bitcoin ETF (NASDAQ:IBIT) saw a significant increase in activity, with inflows of over $290 million on Tuesday, the highest daily amount since April 5. IBIT’s total holdings now exceed $19 billion,…
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Expectations on Ethereum ETFs’ Imminent Decision; Updates on Gala Games Hack, and More Crypto News
High expectations before the SEC’s decision on Ether ETFs The SEC has requested updates to the 19-b4 filings for Ethereum ETF candidates, boosting optimism for future approvals. As the deadline for the decision on Ether ETFs approaches, the market is anxious. In response, volatility in the cryptocurrency market increases, with mixed expectations about the outcome.…
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Ethereum ETFs Decision Nears, Peter Mintzberg Named New Grayscale CEO, and More Crypto News
Imminent SEC decision on Ethereum ETFs generates cautious expectations The SEC is set to issue a new decision on Ethereum ETFs this week, with mixed expectations among experts. Despite recent concerns, including Grayscale decisions that have strained the market, the expectation is that the SEC might finally start accepting exchange-traded funds in stages. VanEck and…
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Bitcoin Hits $67K, US Faces Crucial Vote on Crypto Regulation, and More
Bitcoin reaches $67k on Friday after institutional drives and regulatory expectations On Friday, Bitcoin’s price (COIN:BTCUSD) experienced a strong recovery, surpassing US$ 67,000 after a brief drop below US$ 65,000 the previous day. Bitcoin’s price was currently around US$ 67,160, with a 3% increase over 24 hours. The recovery was fueled by several positive entries…
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Strong Institutional BTC ETF Adoption, CME Group Ventures into Bitcoin Spot Trading, and More Crypto News
Bitcoin reacts to interest rate cut expectations In the last 24 hours, Bitcoin (COIN:BTCUSD) is trading at $65,850, after reaching a high of $66,772 during the day. The cryptocurrency appreciated following new US inflation data that increased the chances of interest rate cuts by the Fed in the coming months. This expectation also affects other…