bitcoin
* Semler Scientific acquires 247 BTC for $17M, plans to raise $150M for more. * Following MicroStrategy, Semler sees Bitcoin as inflation hedge and safe haven. * Company aims to enhance shareholder value by adding Bitcoin to balance sheet. * Bitcoin's game theory in action as more public firms adopt MicroStrategy'
base
* Base, a Layer 2 Ethereum network, ranks third in TVL with $1.7B locked. * Base surpassed OP Mainnet to become the largest chain on Superchain. * Aerodrome and Uniswap contribute to Base's TVL surge. * Optimistic rollups like Base reduce Ethereum main chain load. * Optimistic rollups assume transactions are valid
approval
* SEC Chair Gensler hints at delays for spot Ether ETF approvals on U.S. exchanges. * 19b-4 filings approved for major asset managers, but final ETF approvals could take months. * Gensler suggests slow approval process, but SEC already moving towards listing shares. * Spot Ether ETFs approved after Bitcoin ETFs, no commissioner
altcoins
* Franklin Templeton plans altcoin-focused crypto fund for institutional investors with potential staking rewards. * The fund expands beyond Bitcoin and Ethereum, signaling comfort with altcoins. * The asset manager manages $1.6 trillion in assets and is actively involved in the crypto space. * Franklin Templeton offers spot Bitcoin ETF and applied for
bitdeer
* Tether now owns 25% of Bitdeer shares, becoming the second-largest shareholder. * Bitdeer's shares are trading at $7.15, up 2% since U.S. markets opened. * Tether closed a $100 million private placement deal with Bitdeer, acquiring 23,587,360 shares. * Tether reported a record $4.52 billion profit
decentralizedfinance
* Total value locked on EigenLayer hits $20.09B, making it second-largest DeFi protocol. * TVL grew from $1.4B to $20B since the year started, now at 5.21M ether. * Recent spike fueled by inflows and rising ether price, TVL was $10B in March. * EigenLayer allows users to deposit ether and
bitcoin
* Bitcoin's open interest surged over $2 billion in 3 days, potentially triggering price volatility. * Increased open interest suggests more traders speculating on Bitcoin's price. * Positive funding rates indicate a possible "whipsaw" effect on Bitcoin's price. * Bitcoin's open interest reached $36.
biden
* SEC Chair Gensler hints at delays for spot Ether ETF approvals. * 19b-4 filings approved for various asset managers, but final approvals could take months. * SEC chair suggests enforcement actions against crypto firms will continue. * SEC faces legal challenges, forced to pay $1.8 million over "bad faith conduct."
assets
* New law grants US president power to block digital assets, drawing concern. * Scott Johnsson criticizes law's broad scope, potential impact on users. * Senator Warner inserts elements enabling president's control over digital assets. * Law defines digital assets broadly, includes communication protocols and smart contracts. * President can block
bitcoin
* Bitcoin's price could reach $100,000 before the U.S. election in November. * Standard Chartered analyst predicts $150,000 by year-end with a Trump victory. * Analyst expects fresh all-time-high if Non-Farm Payrolls data is positive. * $150,000 price target by 2024 could put Bitcoin in the $3 trillion
bitcoin
* Kerrisdale Capital shorts RIOT stock, accuses miner of cash burn and shareholder exploitation. * Riot Platforms underperforms peers, declines over 6% while bitcoin rises. * Kerrisdale holds bitcoin as hedge against shorting RIOT. * Riot starts hostile takeover of Bitfarms, becomes large shareholder. * Kerrisdale previously targeted crypto stocks, shorted MicroStrategy. * MSTR stock fell
bitcoin
* Large bitcoin call options bought with $74,000 strike price for June expiry. * Analysts speculate investors betting on price rise above $74,000 by month-end. * Bitcoin options concentrated at $75,000 calls for June expiry. * Highest trading volume on Deribit in $80,000 calls for June expiry. * Increased institutional demand