Bullish for now, but a long-term correction may follow.
Cryptocurrency analysis firm CryptoQuant has pointed out a notable whale movement in the Bitcoin market. According to data shared by the company, new investor wallets holding 1,000 BTC and above, or “new whales,” have been accumulating record levels of Bitcoin in recent months. CryptoQuant’s focus indicator, “New Whale-Held Supply,” focuses on large wallets created in the last six months. This analysis ignores long-dormant cold wallets and only considers new investment decisions. Related News: Bitcoin Critic Jamie Dimon's Company JPMorgan Makes Major Cryptocurrency Move Highlights from March 1 to June 4, 2025: The amount of Bitcoin held by new whales has doubled: from approximately 500 thousand BTC to 1.1 million BTC. This means an increase of 600 thousand BTC (about $63 billion). Their share of the total circulating supply increased from 2.5% to 5.6%. This increase indicates that an amount of supply equivalent to approximately ten months of Bitcoin mining production has been withdrawn from the market. According to the analysis company, the average age of Bitcoins held by these whales is low. This shows that there has been a recent purchase, meaning that there has been a new capital inflow into the market. This is not a wallet exchange of old investors, but a direct purchase. The rapid accumulation of newly minted Bitcoins in these large wallets is squeezing supply in the market. Similar supply crunches have been observed in the past before sudden price increases, according to analysts. Additionally, this group of investors with large capital and aggressive buying is likely preparing for possible macroeconomic developments such as interest rate cuts or new money inflows into crypto asset investment funds (ETFs), according to CryptoQuant. *This is not investment advice. Continue Reading: Fresh Whales Are Very Active in Bitcoin: They Are Accumulating BTC at Record Levels – Here’s What It Means
The outcomes of Trump and Xi's meeting will impact cryptocurrency trends. Ethereum's breakout could target either $3,100 or test lower grounds. Continue Reading: Bitcoin’s Journey to Stability: What Lies Ahead? The post Bitcoin’s Journey to Stability: What Lies Ahead? appeared first on COINTURK NEWS .
Semler Scientific’s recent $20 million Bitcoin purchase marks a notable expansion of institutional crypto adoption into the medical technology sector. The company now holds 828 BTC, positioning Bitcoin as its
A Wells Fargo customer has been sentenced to prison after taking advantage of an arrangement with the bank to steal hundreds of thousands of dollars. The United States Attorney’s Office for the Eastern District of California says 69-year-old Kenneth Gould, who ran a payroll services firm, has been sentenced to one year in prison after stealing $830,000 and pleading guilty to bank larceny. Court documents show Gould started executing fraudulent ACH payments from a client’s account to his own payroll company’s account at Wells Fargo in October 2017. Gould’s payroll services firm, which was based in Clovis, California, had a prior relationship with Wells Fargo, where the bank would credit all or a portion of the payments to the receiving account before the ACH transfers cleared. When Wells Fargo discovered that the sending account had insufficient funds to cover the transfers, it abruptly blocked the payments and tried to recover the money initially sent. But it was too late, because Gould had quickly withdrawn those funds using cashier’s checks. Gould had promised Wells Fargo that he would return the funds, but he never did. Says the federal announcement, “Gould gave the stolen money to the client from whose account he initiated the fraudulent payments because he had loaned that individual money and was hopeful that the individual would one day pay him back. The client then gambled the money away.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Customer Who Stole $830,000 From Wells Fargo After Initiating Fraudulent Payments Sentenced to Prison appeared first on The Daily Hodl .
The chief executive of crypto asset management firm Bitwise says that now is the best time for Bitcoin ( BTC ) bulls as the risk associated with the flagship crypto asset has been drastically lowered. In a new interview with CNBC Television, Bitwise CEO Hunter Horsley says that the risk of allocating to crypto assets has been “substantially reduced,” paving the way for investors to build up their portfolios. According to Horsely, investors willing to take the risk may want to consider building their positions now before the mainstream realizes what’s going on. “It is really the best time for investors. Why is that? Because as an investor, your job is to take risks. You have to take risks as an investor. There’s no free lunch in investing. You have to take risks and then you want to be compensated for those risks. And this year, for the first time, the biggest risk of the space has been removed. So the return potential is still there and immense and you probably heard all sorts of Bitcoin price predictions and so on and so forth, but the risk has been substantially reduced. So you have that return potential but finally this overhang [of] risk has moved away. And so I think a lot of the world is busy with other things, they’re not focused every day on Bitcoin and so they haven’t gotten around yet to reunderwriting and engaging with the category, which means there’s still an incredible opportunity for investors who do have that time or are willing to spend that time to take advantage of the risk reduction that’s taken place this year and build a position in advance of the rest of the world.” Bitcoin is trading for $105,479 at time of writing, a 1.2% decrease over the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitwise CEO Hunter Horsely Says Now the Best Time for Bitcoin Bulls As Risk Becomes ‘Substantially Reduced’ for BTC appeared first on The Daily Hodl .
BitcoinWorld K Wave Media Makes Bold Move, Expands Bitcoin Holdings with $500M Raise In a significant development that highlights the increasing convergence of traditional finance and the crypto world, K Wave Media , a Nasdaq-listed entertainment company, has announced a substantial capital raise. This isn’t just about funding their core business; a significant portion of the $500 million raised is earmarked specifically for increasing the company’s Bitcoin reserves. The news, initially reported by reputable crypto journalist @pete_rizzo_ on X, positions K Wave Media as a notable player in the growing trend of corporate balance sheet allocation towards digital assets. K Wave Media’s Strategic $500M Capital Raise: What Does It Mean? The $500 million raise by K Wave Media represents a powerful statement of intent. While funding operations is a standard reason for capital raises, explicitly stating the intention to grow Bitcoin holdings is a clear signal of a strategic shift. This move suggests that K Wave Media views Bitcoin not merely as a speculative asset, but as a potential long-term treasury reserve asset. Raising such a significant amount specifically for this purpose indicates a strong commitment from the company’s leadership to integrate digital assets into their financial planning. Why Is K Wave Media Betting Big on Bitcoin? The decision by a media and entertainment firm like K Wave Media to allocate substantial capital towards Bitcoin reserves aligns with several potential corporate treasury strategies. Companies are increasingly looking for ways to preserve capital and hedge against macroeconomic uncertainties, such as inflation. Bitcoin, with its decentralized nature and finite supply, is often considered by proponents as a potential store of value akin to digital gold. By adding Bitcoin to its balance sheet, K Wave Media might be seeking to diversify its assets away from traditional fiat currencies and potentially benefit from Bitcoin’s long-term price appreciation trajectory. Following the Trailblazer: How K Wave Media Mirrors Metaplanet’s Corporate Bitcoin Strategy Interestingly, the report highlights that K Wave Media is following a strategy similar to Japan-based company Metaplanet . Metaplanet has become well-known in the crypto space for its aggressive adoption of Bitcoin as a primary treasury asset. Like MicroStrategy in the U.S., Metaplanet has utilized various financial instruments, including capital raises, to accumulate significant amounts of Bitcoin. K Wave Media’s explicit mention of this strategy suggests they are leveraging the experiences and perceived successes of companies that have already pioneered this path. This comparison underscores the increasing global interest in adopting a corporate Bitcoin strategy . Is This Part of a Growing Trend? The Rise of Institutional Adoption The move by K Wave Media is a clear example of the expanding trend of institutional adoption in the cryptocurrency market. What began with a few forward-thinking tech companies is now spreading across different sectors and geographies. This increasing interest from publicly traded companies to hold Bitcoin on their balance sheets is a significant validator for the asset class. It indicates a growing acceptance and understanding of digital assets within traditional corporate finance circles. As more companies explore or implement a corporate Bitcoin strategy , it could pave the way for even larger institutional players to enter the market, further solidifying crypto’s place in the global financial landscape. The Corporate Strategy Shift: Navigating the Benefits and Challenges of Holding Bitcoin Adopting a corporate Bitcoin strategy is not without its complexities and risks. Companies like K Wave Media must carefully weigh the potential benefits against the significant challenges. Here’s a look at some key aspects: Potential Benefits: Store of Value: Protection against inflation and currency devaluation over the long term. Potential Appreciation: Opportunity for significant balance sheet growth if Bitcoin’s value increases. Diversification: Adding a non-correlated asset to traditional holdings (though correlations can fluctuate). Innovation Signal: Positioning the company as modern and forward-thinking in its financial approach. Potential Challenges: Volatility: Significant price swings can create uncertainty and impact quarterly financial reports. Regulatory Uncertainty: The evolving global regulatory landscape for cryptocurrencies poses potential risks. Security Risks: The critical need for robust digital security measures to protect private keys and holdings. Accounting Treatment: Complex and sometimes unclear accounting rules for digital assets can be challenging. Public Perception: Navigating shareholder and public opinion regarding the company’s exposure to a volatile asset class. Companies like K Wave Media and Metaplanet are actively navigating these factors as they implement their strategies, demonstrating a calculated risk appetite in pursuit of perceived long-term benefits. Actionable Insight: For investors, observing companies like K Wave Media and Metaplanet provides insight into how traditional businesses are beginning to view and utilize digital assets. It suggests that the lines between traditional finance and crypto are blurring, potentially opening up new avenues for investment and corporate strategy. In conclusion, K Wave Media’s substantial $500 million raise specifically targeting Bitcoin acquisition is a noteworthy event, underscoring the increasing confidence among some publicly traded companies in integrating digital assets into their core financial planning. By following a path similar to Metaplanet , K Wave Media joins a growing list of firms contributing to the trend of institutional adoption , signaling that corporate Bitcoin strategy is evolving from a niche concept to a more widely considered approach for treasury management and balance sheet enhancement. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption . This post K Wave Media Makes Bold Move, Expands Bitcoin Holdings with $500M Raise first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin maintains a strong foothold near $105,000 while Ethereum surges past $2,650, signaling renewed momentum in the crypto market. Altcoins present a mixed landscape, with select tokens gaining traction amid
Bitcoin’s realized profit surged by $1.5 billion on June 3rd, driven by aggressive selling from short-term holders amid a recent price rally. This profit-taking activity signals increased selling pressure that
Bitcoin realized profit surges by $1.5 billion as STHs turn to aggressive selling.