Bitcoin Financial News

Singapore-based digital asset investment firm Spartan Group has announced investment in the decentralized finance (DeFi) protocol Pendle Finance (PENDLE).

ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood (HOOD).

Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options" for investors looking to get digital assets into their trading portfolio. 

With the United States Securities and Exchange Commission’s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin (BTC) exchange-traded fund (ETF), it will be a month before the actual launch.

The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwanese prosecutors have reportedly found new alleged suspects.

Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country.

Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise.

Bitcoin mining company Riot Platforms has released its financial report for the third quarter, showcasing notable improvements despite missing earnings and sales estimates.

The leading cryptocurrency, Bitcoin, is racing towards $37,000 as it has surged nearly 4% in the last 24 hours

Bitcoin’s revival. Gauges tracking the bottom half and 30 mid-tier tokens in MarketVector’s index of the largest 100 digital assets are up 16% and 14% respectively so far in November — exceeding the wider measure’s 4% gain and a 1% rise in Bitcoin. As a result, Bitcoin’s share of the $1.38 trillion crypto market is down to about 49% from a peak of 51.5% in October, CoinGecko data shows. Digital-asset investors often view such a drop as a sign of growing risk appetite. “This rally is definitely broader and more sustained than any price action we have seen since January,” said Richard Galvin, co-founder at Digital Asset Capital Management. “In an environment that’s still relatively thin in regards to liquidity, we’re seeing some material moves to the upside.”

Bitcoin mining firm Marathon Digital Holdings saw its revenue surge $670% year-on-year in the third quarter of 2023, amid a nearly five-fold increase in Bitcoin production.

The United States Securities and Exchange Commission could approve all 12 of the pending spot Bitcoin (BTC) exchange traded fund (ETF) applications within the next eight days. 

In an exciting development, Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, unveiled data showing an eight-day long window wherein the Securities and Exchange Commission (S.E.C) could approve all 12 spot Bitcoin ETF applicants beginning as soon as tomorrow. 

In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares to launch version 2.0 of its platform, and Elon Musk unintentionally made a case for Bitcoin Ordinals. Meanwhile, an OpenSea investor has taken a 90% markdown on their stake in the platform, and don’t forget this week’s Nifty News featuring The Simpsons roasting NFTs.

Bitcoin (BTC) has new short-term BTC price targets as consolidation mixes with bouts of volatility.

Bitcoin’s (BTC) rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode analysis, the Long-Term Holder metric, which are addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coins for less than 155 days, supply is near an all-time low, indicating tightening Bitcoin supply.

Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal.

Last trading in the $35,300s and only just below recent yearly highs in near $36,000, Bitcoin (BTC) is up a stunning more than 110% on the year.

Cryptocurrency markets are trading with a positive bias on Wednesday, with altcoins continuing to push higher as Bitcoin (BTC) consolidates just to the north of the $35,000 level as bulls eye a potential retest of recent highs in the $36,000 area.

Spot trading volumes on centralized crypto exchanges saw a significant surge last month, marking the highest month-on-month increase since early 2021.

The Bitcoin ETF Token (BTCETF) is a trending new platform on Ethereum that lets investors benefit from Bitcoin ETFs’ performance and regulatory developments.