Recent claims suggest that publicly traded companies are buying altcoins for stock price gains, following models like Michael Saylor's. However, skepticism arises about the long-term viability of this strategy for altcoins, as experts warn of its speculative nature and potential risks to shareholders.
The Ethereum spot ETF in the U.S. has attracted approximately $8.7 billion in net inflows since its July 2024 debut, amid rising interest and optimism following regulatory clarifications. Recent fund inflows indicate significant investor activity coinciding with Ethereum's price surge.
Bitcoin rebounded to over $117,000 after dipping below $115,000 due to a large offloading of 80,000 BTC by Galaxy, linked to inheritance planning. Analysts suggest a potential local bottom has been reached, anticipating further price increases.
OSL Group, a Hong Kong-based cryptocurrency exchange, has raised $300 million through a stock sale to develop payment services and stablecoin offerings ahead of new regulations allowing stablecoin issuance in August.
Metaplanet announced the establishment of a new holding company, Metaplanet Holdings Inc., in Florida to enhance its Bitcoin treasury business. This reorganization follows the creation of Metaplanet Treasury Corporation and is aimed at streamlining international operations and oversight.
The essay evaluates Bitcoin's market strength through six technical analysis methods, resulting in an average score of 2.8, with mixed signals making the direction unclear. Further minor adjustments before a definitive trend shift may occur.
Bitcoin whales have placed a massive bullish bet of $23.7 million, targeting a price of $200,000 by year-end using a complex options strategy. Despite recent price stagnation, their confidence in long-term growth remains strong.
Elon Musk's xAI partners with regulated prediction market Kalshi to enhance the analysis capabilities of its chatbot Grok, enabling users to bet on events like Federal Reserve decisions. This partnership follows a prior agreement with Polymarket, expanding Grok's presence in multiple prediction markets.
Strategy Inc. has expanded its preferred stock issuance to $2 billion to secure funding for Bitcoin purchases. Initially set at $500 million, the stock, named STRC, will be priced at around $90 per share with a 9% dividend rate, aimed at generating additional capital.
MoreMarkets has launched the "XRP Earn Account," allowing individual investors to access yield strategies previously reserved for institutions. This product enables XRP holders to earn yields while maintaining self-custody, addressing the lack of staking infrastructure in the XRP ecosystem.
Bank of America forecasts that the supply of stablecoins may increase by up to $75 billion due to the new GENIUS law, signaling a shift in US regulatory landscape. This growth will likely drive demand for short-term US Treasury bonds and facilitate the adoption of tokenized assets.
Square, under Jack Dorsey, has begun implementing Bitcoin payment systems across its merchant network, aiming for widespread deployment by next year. Utilizing the Lightning Network for faster transactions, the initiative intends to address previous speed barriers in Bitcoin payments.
Ghana plans to issue licenses for cryptocurrency platforms to meet rising demand for digital assets. With about 17.3% of adults holding cryptocurrencies, regulation aims to secure revenue and improve currency management amid economic volatility.
Bitcoin's market is increasingly correlated with Wall Street, as evidenced by the BTC implied volatility index's record correlation of 0.88 with the S&P 500 VIX. This suggests Bitcoin is evolving into a "fear index," reflecting broader market sentiment influenced by institutional investors' participation.