Coordinated action by the US Treasury, overseen by Secretary Scott Bessent, saw a targeted currency intervention in Japan last Friday. Crypto investor Arthur Hayes has
Tag: Price
BlackRock to Implement Reverse Share Split for Ethereum Trust ETF
The BlackRock Ethereum Trust ETF (ETHA) is set to undergo a one-for-three reverse share split, effective October 6th. This move aims to lower trading costs
SpaceX Reports Record Revenue, Bitcoin Holdings Decline
Elon Musk’s SpaceX posted a second-quarter revenue of $7.8 billion, surpassing forecasts and reducing its losses significantly. The company’s cryptocurrency holdings saw a considerable decrease
Intesa Sanpaolo Significantly Reduces Bitcoin and Ether Exposure
Italy’s second-largest bank trimmed its holdings in cryptocurrency assets during the second quarter, reflecting broader market sentiment. Intesa Sanpaolo reduced its investment in Bitcoin and
Bitcoin Holds Above $64,000 as SpaceX Lockup Expires
SpaceX’s unlocking of significant Bitcoin holdings coincided with a period of relative stability for the cryptocurrency market. Trading volumes were elevated following the expiry of
$TRUMP Coin Price Declines After Mar-a-Lago Event
Price of the $TRUMP coin has fallen significantly following a series of dinners featuring President Donald Trump as keynote speaker at Mar-a-Lago. The cryptocurrency peaked
Spot Bitcoin ETFs Attract $382 Million as Custody Concerns Rise
US-listed spot Bitcoin exchange-traded funds experienced a surge in capital inflows totalling $382 million over two days, following reports concerning the recent Coldcard hack. The
Bitcoin Futures Underperform U.S. Treasuries as Carry Trades Lose Luster
Bitcoin futures have consistently underperformed U.S. Treasuries since February, with carry trades yielding just 3% compared to an average 3.8% return on two-year Treasuries. This
