Bitmine (BMNR) to buy 10,000 ETH for $23.8M from Ethereum Foundation

Bitmine Immersion Technologies (BMNR) said it is purchasing 10,000 ether (ETH) from the Ethereum Foundation, adding to its growing position as the largest digital asset treasury firm after the bitcoin-centric Strategy (MSTR). The terms of the over-the-counter transaction were finalized on Friday and is worth $23.87 million, the Ethereum Foundation said in an X post….

Read More

BTC price, U.S. dollar move in near-perfect opposition. It hasn’t been this extreme in almost 4 years.

For bitcoin BTC$78,212.93 traders, the direction of the Dollar Index (DXY), a measure of the greenback’s strength against a basket of other currencies, hasn’t mattered this much in nearly four years. That’s because the 30-day correlation coefficient between the two now stands at -0.90, according to TradingView, the most negative reading since September 2022. A…

Read More

BTC price steady near $77,500 as derivatives signal cooling momentum, cautious sentiment

Crypto volatility cooled on Friday, with bitcoin BTC$77,680.66 stuck between $77,500 and $78,500 range since midnight UTC. The muted price action follows a failed breakout attempt near $80,000 on Wednesday, although the broader trend remains constructive, with the BTC price grinding higher through April and printing a series of higher highs and higher lows. Ether…

Read More

Bitcoin-holder Metaplanet raises $50 million in zero-interest bonds to buy more BTC

Japanese bitcoin treasury firm Metaplanet is back in the market with another round of balance-sheet leverage, issuing 8 billion yen, worth roughly $50 million, in zero-interest ordinary bonds to finance future bitcoin purchases. In a Friday filing, the company said the latest issuance was fully taken up by EVO Fund, a Cayman Islands-based investor that…

Read More

Morgan Stanley launches Stablecoin Reserves Portfolio. Here’s what it means

Investment banking giant Morgan Stanley has made a quiet by significant move into stablecoins, expanding its footprint in the digital assets industry. The firm’s investment management arm, MSIM, has announced the launch of the Stablecoin Reserves Portfolio – a government money market fund designed for issuers of stablecoins who need a regulated, safe place to…

Read More

Bitcoin, ether drop in Asia as Japanese data adds to Iran war-led market jitters

Cryptocurrency markets remained on the back foot Friday as macroeconomic signals from Japan, one of the world’s largest economies, compounded uncertainty driven by the Iran war. Bitcoin BTC$77,775.67 hovered near $77,800, having struggled to break above the Thursday high of $78,700 during the early Asian trading hours, according to CoinDesk data. The broader uptrend, which…

Read More