Bitcoin Needs Macro Tailwind for Q3 Growth
Bitcoin's third quarter lacks momentum, needing a macro catalyst for growth amid geopolitical tensions and Fed decisions. Analysts foresee limited volatility.
Source: theblock.co —
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Bitwise Sticks to $200k Bitcoin Forecast for 2025
Bitwise maintains its optimistic forecast for Bitcoin reaching $200k by 2025, but is cautious about Ethereum and Solana's growth due to varied crypto conditions.
Source: theblock.co —
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IREN Hits 50 EH/s and Expands in AI
IREN achieved 50 EH/s hashrate, joining leaders in bitcoin mining, while expanding into AI infrastructure.
Source: theblock.co —
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Bitcoin ETFs Inflows Reach $5 Billion in 15 Days
Bitcoin ETFs in the U.S. have seen a remarkable 15-day inflow streak, amassing nearly $5 billion, though recent slowing raises questions about hitting new highs.
Source: theblock.co —
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Paxos Launches USDG Stablecoin in EU
Paxos introduced the Global Dollar (USDG), a dollar-pegged stablecoin, in the EU with backing from major financial players like Robinhood and Kraken.
Source: theblock.co —
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North Koreans Pose as US Citizens to Steal Crypto
The DOJ has charged North Koreans pretending to be US citizens with stealing cryptocurrency and data from American companies to fund North Korea's illicit programs.
Source: theblock.co —
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Trump-backed American Bitcoin raises $220M
American Bitcoin, supported by Eric and Donald Trump Jr., has raised $220 million to buy bitcoins and mining equipment, enhancing the Trump family's involvement in crypto.
Source: theblock.co —
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Ark Invest Sells $43.8M in Coinbase Shares
Ark Invest sold $43.8 million worth of Coinbase shares from its ETFs while Coinbase stock trades near a record high.
Source: theblock.co —
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Metaplanet Price Target Raised by 46%: Growth Ahead
Benchmark Equity Research has increased Metaplanet's price target by 46%, citing its innovative bitcoin treasury strategy and expansion plans. Despite growth prospects, challenges like dependency on bitcoin price volatility and potential investor dilution remain.
Source: theblock.co —
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ETH/BTC Futures Volume Ratio Nears Parity
The ETH/BTC futures volume ratio reaching near-parity at 98% indicates a strong recovery for Ethereum, reflecting renewed investor interest and shifting market dynamics.
Source: theblock.co —
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Maple Adds EtherFi's weETH for USDC Loans
Maple has integrated EtherFi’s weETH as collateral on its credit platform, allowing borrowers to get USDC loans and earn ETHFI incentives.
Source: theblock.co —
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Circle Seeks US Banking License for USDC Reserves
Circle has applied for a US banking license to manage USDC reserves, marking a strategic move toward deeper integration with the financial system.
Source: theblock.co —
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Nikita Bier Joins X as Head of Product
Nikita Bier, known for his work in social media, joins X as head of product to enhance user engagement and timeline relevance.
Source: theblock.co —
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Germany's Sparkassen Starts Crypto Services
Germany's largest bank group, Sparkassen, plans to introduce cryptocurrency trading services by 2026. Dekabank will manage these services.
Source: theblock.co —
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Sen. Lummis Seeks Crypto Tax Reforms
Senator Cynthia Lummis is advocating for changes in crypto tax legislation, focusing on fair treatment for miners and stakers in a new bill.
Source: theblock.co —
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