Bitcoin price slid to its lowest level in over six months on Monday, weighed down by a wave of liquidations and ongoing outflows from its spot ETFs. Summary Bitcoin price is down over 10% in the last 7 days. Over $240 million has been liquidated from BTC futures market. Bitcoin has confirmed a death cross…
Regulators in Japan are planning to classify cryptocurrencies as “financial products” under the Financial Instruments and Exchange Act and introduce a tax overhaul for the sector. Summary Japan’s FSA plans to classify 105 cryptocurrencies as financial products. The agency wants to tax approved tokens at a flat 20% capital gains rate. Per local media, Japan’s…
Strategy moved 43,415 Bitcoin worth $4.26 billion across more than 100 addresses since 00:00 UTC on November 14. Summary Strategy transferred 43,415 BTC in custodian migration, not selling any holdings. Michael Saylor confirms Strategy continues buying Bitcoin at current levels. Custodian migration follows ongoing rotations; Strategy remains overcollateralized. The massive transfers caused speculation before blockchain…
Bitcoin price is hovering around $97,000 as heavy exchange-traded fund outflows deepen market pressure. Summary Bitcoin faces sharp outflows and rising U.S.-driven sell pressure. ETF redemptions accelerate as institutions de-risk into year-end. Technical signals lean bearish with key support now under stress. Bitcoin is trading at $97,527 at press time, down 5.5% in the past…
The crypto market extended its downturn for a third straight day on Friday, Nov. 14, weighed down by mounting macroeconomic headwinds and Bitcoin’s drop below the $100k psychological support level. Summary The crypto market has shed $130 billion in value over the past 24 hours. Investor demand for cryptocurrencies remains muted amid macro uncertainty in…
Treasury yields, Federal Reserve policy, have put pressure on risk assets, including Bitcoin, during the government shutdown. Summary Bitcoin crashed below $100,000, despite positive news on the government shutdown Counterintuitively, the increased confidence in the U.S. government hurt Bitcoin Treasury yields and a dovish Federal Reserve undercut risk assets The longest government shutdown in U.S….
The Czech National Bank, the central bank of the Czech Republic, has established a $1 million digital asset portfolio pilot, with plans to hold Bitcoin, a stablecoin, and a tokenized asset. Summary Czech National Bank makes historic first Bitcoin buy by a central bank. The CNB has purchased $1 million for its digital asset test…
Japanese Bitcoin treasury firm Metaplanet records profits in Q3 despite ongoing market volatility. Summary Metaplanet reports 12.7 billion yen net profit and 94% revenue growth in Q3. The company’s net assets jumped 165% to 532.9 billion yen, signaling major financial expansion. Metaplanet currently holds over 30,823 BTC. Metaplanet Inc., Asia’s largest Bitcoin treasury firm, has…
Taiwan’s central bank has reportedly agreed to study Bitcoin as a strategic reserve as well as draft pro-Bitcoin regulations and start a BTC treasury using seized BTC. Summary Taiwanese legislator Dr. Ko Ju-chun announced that the Executive Yuan and central bank will explore adding Bitcoin to Taiwan’s national strategic reserves, potentially making it the first…
TeraWulf deliberately powered down bitcoin mining rigs this quarter to redirect energy toward high-performance computing, or HPC, joining a wave of blockchain firms betting their future on artificial intelligence. Summary TeraWulf is the latest crypto miner that pivoted to AI compute Riot, CleanSpark, and Galaxy Digital among of the miners that also pivoted AI is…
