Strong ETF demand is supporting the rally, but fading short covering and lingering macro risks could slow its momentum. Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional…
Mirae Asset has set a 150 trillion won or about $109 billion target for a digital asset business spanning cryptocurrency, stablecoins, real-world assets and tokenized securities. Summary Digital X will serve as a central part of Mirae Asset’s next growth strategy. Mirae Asset acquired 97.15% of the former Korbit exchange for 141.4 billion won. The…
“Looking good as long as that $98 level is being held,” one popular X user claimed. Solana’s native token has posted an 8% increase over the past 24 hours, prompting analysts to make highly bullish bets for the near future. At the same time, some remain cautious, projecting potential double-digit declines, while certain factors…
Aave V4 deposits have reached a record $806 million after climbing 30% over seven days, while active loans have increased to $206 million. Summary Aave V4 deposits rose above $800 million within six days of crossing $600 million. Ethereum Core leads the six listed markets with $378 million in deposits. Active EtherFi loans reached $62…
The ruling adds to Bithumb’s effort to recover funds after a February error gave hundreds of accounts vastly overstated Bitcoin balances. A bizarre error that mistakenly credited Bithumb customers with roughly 620,000 BTC is now producing victories for the South Korean exchange in court. The Seoul Central District Court has ordered one customer to…
Genius Group has proposed raising capital through perpetual preferred securities to build an $827 million Bitcoin treasury and an $800 million AI portfolio within a $2 billion total-asset target for fiscal 2031. Summary An initial preferred securities offering would seek $12.5 million from income-focused investors. Proceeds would be divided among Bitcoin, AI investments, and an…
In MicroStrategy Bitcoin news, MSCI is considering rules that could remove Strategy Inc. from its global equity indexes, potentially adding strain to the financing model behind the company’s Bitcoin holdings. The proposal is not specific to Bitcoin: it focuses on whether companies are primarily engaged in accumulating assets rather than operating businesses, according to Bloomberg….
Trading volume surged nearly 95,000% in 24 hours as traders rushed back into the dormant token, pushing its price up by over 1,600%. Machi Big Brother proposed a $1 million buyout of Friends.Tech on August 27, offering to acquire the stalled project from Racer and Paradigm and relaunch its FRIEND token. The proposal sent…
Radosław Piesiewicz, president of the Polish Olympic Committee, has been arrested and charged with two offenses as prosecutors investigate payments and financial ties connected to the collapsed crypto exchange Zondacrypto. Summary Prosecutors charged Piesiewicz with paid influence and favoring certain creditors over others. Investigators are examining an alleged €40,000 watch and Piesiewicz’s withdrawal of exchange…
In Bitcoin ETF news, Ethereum Staking products are drawing significant attention away from BTC, having become an important feature in crypto exchange-traded products that allow investors to seek blockchain rewards through a brokerage account rather than managing the process directly. 21Shares describes staking as locking up an amount of an asset to verify transactions on…
