banking
* Bitcoin could reach $100,000As U.S. banks face insolvency, Bitcoin's value rises. * 63 U.S. banks on brink of collapseCollectively holding $517 billion in unrealized losses. * Bitcoin's rise linked to banking crisisFederal Reserve's emergency measures sparked Bitcoin bull run in 2023. * BTC price
ethereum
* M^0 raised $35M in Series A funding led by Bain Capital Crypto. * Investors include Galaxy Ventures, Wintermute Ventures, GSR, Caladan, and SCB 10X. * Equity plus tokens structure with governance tokens POWER and ZERO issued. * M^0 is a stablecoin minting protocol overcollateralized by U.S. Treasuries. * Reserves held in
bitcoin
* Riot Platforms' stock falls after Kerrisdale Capital report on U.S. bitcoin mining industry. * Kerrisdale criticizes Riot's business model, recommends bitcoin ETFs over mining stocks. * Riot's stock down 7.7% to $8.91 per share, 42% YTD. * Marathon Digital and Gryphon Digital stocks also drop.
bullish
* Bitcoin likely to be the only crypto asset approved for spot ETFs in the US. * MicroStrategy founder Michael Saylor shifts stance on crypto post Ethereum ETF approval. * MicroStrategy buys more Bitcoin, pushing total stash to $13.5 billion. * Bitwise CIO Matt Hougan sees bullish prospects for crypto industry in Washington.
bitcoin
* Global crypto investment products saw $185M in net inflows last week, with $2B in May. * US-based funds dominated inflows, while Sweden and Brazil saw outflows. * Bitcoin-based funds had $148M in net inflows, while short Bitcoin products had outflows. * US spot Bitcoin ETFs had $170.9M in net inflows, surpassing Grayscale&
bitcoin
* BlackRock and Citadel Securities back new Texas Stock Exchange (TXSE) launch. * TXSE secures $120 million funding, plans to file with SEC by end of 2024. * TXSE aims to attract crypto companies for public listings, focusing on ETFs. * SEC approves spot Ether ETFs, potential launch by end of June. * Competition from
bitcoin
* Bitcoin hitting $72,000 could trigger mass liquidations and break $75,000 barrier. * Analyst Willy Woo predicts $1.5b shorts liquidated up to $75k and new ATH. * $800m shorts liquidated at $72k, $1.2b above $72,500 resistance. * Bitcoin broke two-week downtrend on June 3, needs $72k support for parabolic
baincapitalcrypto
* Bain Capital Crypto plans to launch a second fund, per SEC filing. * First fund launched in March 2022 with $560 million. * Active investor in 2022-2023 despite crypto market challenges. * Focus on DeFi and Web3 sectors, invested $100 million. * Co-led by Stefan Cohen and Alex Evans. * New fund details undisclosed, declined
centralbank
* 50% of Germans open to using digital euro as additional payment option. * 60% of respondents unaware of digital euro; 25% definitely not interested. * Privacy top concern for digital euro users, followed by European infrastructure. * Digital euro to protect privacy and allow offline transactions, per ECB. * Preparation phase for digital euro
bitcoin
* Bitcoin's 5-day, 30-day, and 50-day SMAs converge, signaling potential breakout. * Bitcoin currently a "Strong buy" at $70,840, trading above SMAs. * Price briefly reached $71,040, eyes all-time high of $73,679. * Bitcoin up 11.93% in the last 30 days, holding above $60,000 support.
bitcoin
* U.S. spot bitcoin ETFs see 15th consecutive day of net inflows, adding $105.12 million. * Total inflows reach $2.28 billion during the period, with $13.96 billion cumulative net inflows. * Fidelity's FBTC leads with $77 million inflows, followed by Bitwise's BITB with $14 million.
bitcoin
* Core Scientific signed 12-year contracts with CoreWeave, expecting $3.5 billion revenue. * CEO aims to balance bitcoin mining and alternative hosting for cash flow. * Core Scientific to provide 200MW infrastructure for CoreWeave by 2025. * CoreWeave funds infrastructure modifications, credits $300 million to Core Scientific. * Bitcoin mining firms diversify into AI