Bitcoin In IPO Phase As Early Holders Give Way to New Investors

Bitcoin is in an initial product offering (IPO) phase as OG holders rotate out and fresh blood scoops up the tokens, distributing the supply across a broader number of people, macro analyst and Wall Street old hand Jordi Visser says.  In a Saturday episode of entrepreneur Anthony Pompliano’s podcast and a post on Substack, Visser…

Metaplanet Launches $500M Bitcoin-Backed Share Buyback

Tokyo-listed Bitcoin treasury company Metaplanet Inc. unveiled a 75 billion Japanese yen (about $500 million) share repurchase program backed by a Bitcoin-collateralized credit facility, following a decline below 1 of its market-based net asset value (mNAV). In a Tuesday announcement, the company said the move aimed to maximize Bitcoin (BTC) yield per share and restore…

Cathie Wood’s ARK Buys $5M in Bullish Shares as Exchange Marks US Launch

Cathie Wood’s ARK Invest has expanded its bet on Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH, acquiring over $5 million worth of shares across multiple ETFs. According to daily trade disclosures from Friday, ARK Innovation ETF (ARKK) bought 72,537 Bullish shares, ARK Next…

Why Zcash and Privacy Tokens are Back in Conversation

Cryptocurrencies focused on privacy have come onto investors’ radar recently, ranking among the most popular token categories. According to CoinGecko, which tracks a combined market capitalization of almost $22 billion across privacy coins, their value rose 52.2% in the past 24 hours. Rival data aggregator CoinMarketCap places the category at nearly $55 billion, with Zcash…

Bitcoin In IPO Phase As Early Holders Give Way to New Investors

Bitcoin could be in the middle of an unofficial initial coin offering (ICO) as OG holders rotate out and fresh blood scoops up the tokens, distributing the supply across a broader number of people, macro analyst and Wall Street old hand Jordi Visser says.  In a Saturday episode of entrepreneur Anthony Pompliano’s podcast and a…

Tokenized Bank Deposits Are Inferior to Stablecoins: Professor

Banks and financial institutions have started experimenting with tokenized bank deposits, bank balances recorded on a blockchain, but the technology is doomed to lose out to stablecoins, according to Omid Malekan, an adjunct professor at Columbia Business School. Overcollateralized stablecoin issuers, who must maintain 1:1 cash or short-term cash equivalent reserves to back their tokens,…

Solana ETF To Bring $6B New Capital: Analyst

Investors are closely watching the launch of the first Solana staking exchange-traded fund (ETF), a move expected to inject billions of dollars into Solana and the broader altcoin market. At least three altcoin ETFs are expected to launch later on Tuesday: Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs, according to…

ECB Head Pushes CBDC, Calls it a Unifying Force in Europe

European Central Bank (ECB) president Christine Lagarde released a statement on Friday touting the digital euro, a central bank digital currency (CBDC), as a unifying force in the European Union (EU) and said the ECB is aiming to launch it “as early as possible.” “As much as banknotes will continue to circulate, we want cash…

What Will Trigger BTC Price Breakout?

Key takeaways: Bitcoin must hold support at $114,000 to confirm the recovery. Spot volume and trading activity must recover to ensure a sustained breakout in BTC price.  Bitcoin’s (BTC) 10% rally from its Oct. 17 lows of $103,500 appears to have stalled at $115,000, amid diminishing demand and low onchain activity. Several analysts revealed what…

Is November the New October? Analyst Says It’s Bitcoin’s Strongest Month — Here’s the Data

Lark Davis called November bitcoin’s strongest month with a 42.5% average gain; the median is far lower and a single outlier year does much of the lifting. Source link