Bakkt plans to convert a traditional Japanese firm into a Bitcoin investment vehicle. Marusho Hotta, a little-known Tokyo Stock Exchange company, is set for a radical makeover as Bakkt takes a 30% stake, installs its own CEO, and rebrands it as bitcoin.jp. Summary Bakkt will acquire a 30% stake in Tokyo-listed Marusho Hotta, installing its…
The iShares Bitcoin Trust stock pulled back to a crucial support level as Bitcoin price lost momentum. Summary The IBIT ETF has pulled back this month, mirroring the performance of Bitcoin. A technical analysis on Bitcoin points to an eventual IBIT rebound. BTC has formed a bullish flag and a break-and-retest pattern. The IBIT ETF…
Metaplanet stock price has crashed and entered a bear market as demand for Bitcoin treasury companies waned and investors began booking profits. Summary Metaplanet share price has plunged by 55% from the year-to-date high. The stock has dropped as Bitcoin treasury companies dive. Technical analysis points to more downside in the near term. Metaplanet shares…
Satsuma’s landmark $218m capital haul, with $125m settled in Bitcoin, represents more than funding success. It represents the moment UK institutional investors formally embraced crypto’s reserve asset as a legitimate treasury holding. Summary Satsuma Technology raised $218M, with $125 million settled directly in Bitcoin, marking the UK’s first large-scale institutional BTC subscription. Traditional London-based institutions…
U.S. stocks opened higher and Bitcoin held the $114k level as Wall Street continued to cheer corporate earnings amid ongoing jitters around trade deals. Summary Stocks opened slightly higher amid investor focus on key corporate earnings results. Tariffs remain in focus amid the Aug. 7 deadline. The benchmark S&P 500 opened 0.3% higher and the…
An important era has begun for Bitcoin. There is more conjecture than ever before regarding its future, particularly in terms of its potential in 2030, given its recent all-time highs exceeding $120,000 and increasing institutional legitimacy. Summary The current price of Bitcoin is between $114,400 and $118,000, which is a little lower than its peak of…
Arkham has uncovered a 2020 heist involving 127,000 Bitcoin. The mining pool never reported it, and the funds never moved. Summary In December 2020, LuBian, a major Bitcoin mining pool, lost 127,000 BTC in a theft that went entirely unreported. For nearly five years, the stolen Bitcoin remained untouched, and LuBian quietly ceased operations without…
The crypto market rose on Monday, continuing a trend that began on Sunday, when Bitcoin and most altcoins crashed. Bitcoin (BTC) price jumped to $115,300, up from the weekend low of $112,000. Other altcoins, especially Spark (SPK), MemeCore (M), Mantle (MNT), and Sei (SEI) were among the top gainers. The market cap of all coins…
U.K-listed The Smarter Web Company completed a £8.1 million capital raise shortly after its BTC crosses over 2,050. Can BTC accumulation push stock prices up? Summary U.K-listed The Smarter Web Company’s stock has surged 208% in the past month following mass BTC acquisitions. The company recently purchase 225 BTC, boosting its total holdings to 2,050…
A quiet Bitcoin heist worth billions of dollars has just been brought to light over four years after it happened, now ranking as the largest in industry history. Summary A record Bitcoin hack has just been uncovered, after on-chain investigations revealed that an attacker stole 127,426 BTC from LuBian back in 2020. At today’s prices,…
