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Strategy held on to its place in the Nasdaq 100 during this year’s rebalancing, securing its first successful test in the benchmark since joining the index in December last year. The company, previously known as MicroStrategy, has become the largest corporate holder of Bitcoin (BTC). With its latest purchase of 10,624 Bitcoin for around $962.7 million last week, Strategy’s total holdings stand at 660,624 BTC, worth nearly $60 billion. The latest Nasdaq 100 adjustment saw Biogen, CDW, GlobalFoundries, Lululemon, On Semiconductor and Trade Desk removed from the tech-heavy gauge, while Alnylam Pharmaceuticals, Ferrovial, Insmed, Monolithic Power Systems, Seagate and Western…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As Tether (USDT), the issuer of the world’s largest stablecoin, USDT, prepares for a significant fundraising effort aimed at entering the US market, the company is actively seeking ways to bolster liquidity for its investors.  This initiative comes in the wake of Tether’s intervention to prevent some existing shareholders from offloading their stakes at a substantial discount. Tether In Talks With Major Firms According to Bloomberg, Tether is contemplating various strategies, including share buybacks and the tokenization of the company’s shares on a blockchain once the fundraising…

Following the political and regulatory changes in the United States that began after last year’s presidential elections, the entities behind numerous altcoins started to hope for the launch of spot ETFs tracking their respective assets’ performance. Ripple’s XRP was among the most highly anticipated alts to have such funds on Wall Street, and the first, Canary Capital’s XRPC, hit the US markets exactly a month ago. Since then, four more joined the list, including 21Shares’ TOXR, which was the most recent one. Here’s what happened in the first 30 days. 1/ Another W for XRP. The 21shares XRP ETF ($TOXR)…

As Bitcoin (BTC) tries to hold the $90,000 barrier, some analysts affirm that the flagship crypto’s bear market signals are becoming clearer, suggesting that a breakdown to new lows could be around the corner. Related Reading Bitcoin Bear Flag Raises Concerns On Friday, Bitcoin shredded its Thursday gains, dropping 3.2% intraday to retest the $89,500-$90,500 support zone once again. The cryptocurrency has been trading between the $84,500-$94,500 range for the past four weeks, briefly falling to a seven-month low of $80,600 during the late November correction. This week, the flagship crypto’s price has seen more volatility, fueled by the expectations…

HYPE and ENA have dropped the most from the larger-cap alts today. Bitcoin’s price dipped below $90,000 again yesterday after failing at $94,000, but it has managed to reclaim that level on Saturday morning. Ethereum, Solana, and Cardano have also declined over the past day by up to 4% in the case of ETH, which is just inches above $3,100. BTC Defends $90K The primary cryptocurrency had quite a volatile trading week, mostly influenced by the Wednesday FOMC meeting. As the anticipation built about another interest rate cut by the central bank, BTC skyrocketed from under $90,000 to a new…

Retail traders can now fund their IBKR accounts with stablecoin transfers.Interactive Brokers (IBKR), one of the world’s largest brokerage services, now allows users to deposit stablecoins in their brokerage accounts.According to a Bloomberg report, the feature will have a staggered rollout beginning in the United States, allowing eligible accounts to fund their brokerage accounts with stablecoins.The move presents a much-needed alternative for those who made their wealth in crypto, as before, users were required to offramp via a centralized exchange, transfer funds to their bank account, and then transfer money from a bank account to a licensed brokerage, while paying…

In brief A federal judge has ordered Connecticut regulators to refrain from enforcement action against prediction market Kalshi pending a preliminary injunction decision. The order follows cease-and-desist letters Connecticut issued last week to Kalshi, Robinhood, and Crypto.com over alleged unlicensed sports gambling. Kalshi says its CFTC designation grants exclusive federal jurisdiction, while Connecticut claims the contracts violate state gaming laws. A federal judge has temporarily blocked Connecticut from enforcing gambling laws against prediction market Kalshi, ordering state regulators to hold off on any enforcement action while the court weighs the company’s request for a preliminary injunction.In a Monday order, U.S.…

PIPPIN is witnessing one of its strongest trading days yet, surging sharply as investor demand accelerates across the meme coin market. The altcoin’s price has climbed rapidly due to renewed support from influential holders, driving a wave of speculation.Pippin Holders Continue To RiseData from Nansen shows that PIPPIN whales have been accumulating aggressively throughout the past week. These whales, defined as wallets holding more than $1 million in assets, have collectively added more than 48 million PIPPIN. Their holdings increased by 15% in seven days, demonstrating renewed confidence in the meme token’s upside potential.Sponsored SponsoredThe visible accumulation is feeding the ongoing…

Bitcoin treasury firm Strive has unveiled a $500 million at-the-market offering, with plans to allocate the funds toward broad corporate needs, including the purchase of Bitcoin (BTC).The announcement comes as the firm faces an unrealized loss of nearly 18% on its existing Bitcoin holdings amid the cryptocurrency’s downturn.Sponsored SponsoredStrive Targets Larger Bitcoin Holdings Despite Unrealized LossesIn a recent press release, Vivek Ramaswamy’s firm revealed that it has entered into a sales agreement. This enables the company to issue and sell up to $500 million of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) through an at-the-market offering.The capital…

Over the last few days, the Bitcoin price has fluctuated, but the most prominent moves have been upwards, going from below $90,000 to over $94,000. As expected, this rapid climb already has investors calling for a return of the bull run, but not everyone is convinced. For some, the current Bitcoin price momentum is most likely a bull trap, and crypto analyst Xanrox highlights this in a recent analysis, outlining the best level to start selling the digital asset. Why The Bitcoin Price Risks A Crash To $74,000 Xanrox’s analysis focuses on the bearish formations that have appeared on the…