Strategy (MSTR) continued its weekly bitcoin purchases, though last week’s acquisition was relatively small. Led by executive chairman Michael Saylor, the company purchased 855 bitcoin for $75.3 million, or an average price of $87,974 each. The purchases were funded via the sale of common stock,… Read More
Bitcoin hovered near $89,000 on Wednesday as broader markets pushed higher and the U.S. dollar remained under pressure ahead of a closely watched Federal Reserve decision later in the day. The largest cryptocurrency was trading around $88,800 during Asia hours, up modestly on the day… Read More
Spot bitcoin and ether ETFs saw another round of outflows on Dec. 24 as traders moved into the Christmas break with reduced liquidity and a weaker appetite for risk. SoSoValue data showed bitcoin spot ETFs posted $175 million in net outflows on Wednesday, while ether… Read More
It’s a quiet, foreshortened week in the run-up to the year-end holidays, with little scheduled for crypto specifically. The standout event is the Uniswap vote on a governance proposal called UNIfication. If passed, the proposal will activate protocol fees, burn 100 million UNI tokens from… Read More
The coming week will be dominated by data from the wider economy, with employment and inflation reports in the U.S. and interest-rate decisions in Japan and Europe. Coinbase, the largest publicly traded crypto exchange, announces a system update that is expected to include an in-house… Read More
BitMine Immersion Technologies (BMNR), the Ethereum-centric crypto treasury firm helmed by Fundstrat’s Thomas Lee, said on Monday it acquired 96,798 in ether ETH$2,818.32 through last week continuing its buying spree while digital asset treasuries remain under pressure due to falling crypto prices. The latest purchase… Read More
