Bitcoin surged to $66,000 but faces potential correction with 18,000 options expiring today. Max Pain at $63,000 suggests price pressure. Despite softer CPI data, demand for short-term downside protection remains. Long-term outlook optimistic, with growing institutional involvement, especially with CME Group's Bitcoin spot trading introduction.
Xu Lin600 companies invest $3.5 billion in spot Bitcoin ETFs via SEC filings. Major players include Morgan Stanley and Millennium Management. Despite recent decreases in inflows, demand remains strong among financial institutions.
Huang BoBitcoin's correlation with US stocks rises, indicating market shift. Despite economic uncertainties, Bitcoin rebounds, outpacing S&P 500. ETF inflows signal investor interest. Whale activity decline noted, but could signal bullish trend if reversed.
EdmundOn May 15, US spot bitcoin ETFs saw robust performance, accruing $303 million in gains over three days. Blackrock's IBIT observed zero inflows, while Grayscale's GBTC recorded $27 million inflows. FBTC led with $131 million inflows, emphasizing a competitive landscape among ETFs.
Xu LinWhale loses 1,155 BTC ($71M) in sophisticated hack, highlighting crypto security risks. Hacker exploits phishing tactic, underscores importance of offline key generation, hardware wallets, and cautious transaction practices. Tips include verifying addresses, conducting test transfers, and exploring multi-signature methods for added security.
Huang BoToncoin [TON] emerges as strong competitor to Bitcoin [BTC] in Layer 1 Network. Toncoin outperforms BTC with 160% gain, higher active addresses. Despite surge, trader sentiment sours, contrasting Bitcoin's positive sentiment.
EdmundBracebridge Capital invests $363 million in Bitcoin ETFs, joining institutional trend. Wisconsin becomes first local government to disclose Bitcoin investment. Major institutions like JPMorgan, Wells Fargo, BNP Paribas, and BNY Mellon also enter crypto space.
Xu LinBitcoin soared past $64,000 on May 15, driven by reduced core inflation in the US. Market reactions were mixed, with cautious optimism from Chair Jerome Powell. Despite economic uncertainties, Bitcoin maintained strong momentum, reflecting its sensitivity to global indicators.
Huang BoBitcoin experienced fluctuations throughout the day, initially surging before declining during Jerome Powell's speech. However, it rebounded after news of Wisconsin's Bitcoin ETF investment. The release of crucial CPI data impacted both Bitcoin and the Dollar (DXY).
Xu LinRenewed investor confidence in Bitcoin amid inflation concerns, highlighted by a significant 70,000 BTC purchase after a 1 million BTC sell-off. BTC's fixed supply and stability above $60,000 reinforce its role as a hedge against inflation.
Xu LinIn the core mechanism of Arweave, there is a very important concept and component, which is the storage fund Endowment.
JinseFinanceMicroStrategy bolsters Bitcoin holdings with $500 million purchase, solidifying its position as a Bitcoin powerhouse. Strategic shift to convertible notes offerings drives market surge and investor confidence.
Xu LinAs a product of its times, Dogecoin has its own set of problems. DogeLayer is here to fix just that.
Max NgNothing quite as scary as as innocent NFT holders unknowingly acquiring "money laundering tools.", and Tte platform's forensics data-driven approach protects holders from exactly that.
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