Malikie Innovations has launched a landmark patent infringement lawsuit targeting major Bitcoin miners Marathon Digital and Core Scientific, centering on Elliptic Curve Cryptography (ECC) technology. The legal action stems from
BitcoinWorld BlackRock IBIT Achieves Phenomenal Top 25 ETF Ranking Speed In a stunning display of rapid asset accumulation, BlackRock’s spot Bitcoin ETF, known by its ticker symbol IBIT, has achieved a remarkable milestone. It has officially entered the ranks of the top 25 largest exchange-traded funds (ETFs) in the United States based on assets under management (AUM). What makes this achievement particularly noteworthy is its speed: IBIT is the youngest ETF by far to reach this prestigious list. Understanding the Significance of BlackRock IBIT’s Growth The ascent of BlackRock IBIT into the top echelon of ETFs is more than just a number; it’s a powerful indicator of shifting investment trends and the growing acceptance of digital assets within traditional finance. Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted this fact on X (formerly Twitter), pointing out that IBIT is a mere 1.4 years old – approximately nine times younger than the average age of its peers in the top 25. So, why is this age difference so significant? Unprecedented Speed: Reaching billions in AUM typically takes years, often decades, for traditional ETFs. IBIT achieved this scale in just over a year. Investor Demand: The rapid influx of assets demonstrates strong investor appetite, particularly from institutions and financial advisors, for regulated and accessible Bitcoin exposure. Market Validation: BlackRock’s success with IBIT validates the demand for a Spot Bitcoin ETF product and signals confidence in Bitcoin as an investable asset class. This swift rise underscores the unique position BlackRock IBIT holds in the current financial landscape. How Does IBIT Compare to Other Giants in the ETF Market? Joining the top 25 means IBIT is now standing shoulder-to-shoulder with some of the largest and most established investment products in the world, covering diverse asset classes like broad market indices, specific sectors, and bonds. The average age of ETFs in the top 25 list is considerably higher, often reflecting years, if not decades, of compounding growth and steady inflows. Consider the typical journey of an ETF: Launch with initial seed capital. Gradual accumulation of assets as investors adopt the product. Growth driven by market appreciation and continued inflows over time. IBIT’s trajectory has been anything but gradual. Since its launch in January 2024 (technically less than a year at the time of the original data point, making its age even more striking), it has seen consistent, substantial daily inflows, quickly propelling its IBIT AUM past billions and into the multi-tens of billions range. While exact rankings fluctuate with market movements and daily flows, consistently holding a spot within the top 25 solidifies IBIT’s position as a major player in the overall ETF market , not just within the crypto-specific niche. What Drives the Success of Spot Bitcoin ETFs Like IBIT? The introduction of spot Bitcoin ETFs in the U.S. marked a pivotal moment for cryptocurrency investment. Previously, U.S. investors seeking regulated exposure primarily had access to Bitcoin futures ETFs, which track futures contracts rather than the underlying asset itself. Spot ETFs like IBIT hold actual Bitcoin, offering direct exposure to its price movements. Several factors contribute to the immense success seen by IBIT and other prominent spot Bitcoin ETFs: Accessibility: ETFs trade on traditional stock exchanges, making them easily accessible through standard brokerage accounts. This removes the complexities often associated with buying and storing Bitcoin directly. Familiarity: The ETF structure is well-understood by both retail and institutional investors, lowering the barrier to entry for those hesitant about navigating crypto exchanges or managing private keys. Regulatory Clarity: The SEC’s approval of these products provided a level of regulatory legitimacy that many investors were waiting for. Institutional Trust: Issuers like BlackRock, with their long-standing reputations and vast distribution networks, instill confidence in potential investors. This combination of factors has unlocked a significant pool of capital that was previously on the sidelines, contributing directly to the rapid increase in IBIT AUM and the overall growth of the Spot Bitcoin ETF sector. Are There Challenges or Considerations for IBIT and the Bitcoin ETF Market? Despite the impressive growth, the journey for BlackRock IBIT and the broader Bitcoin ETF landscape is not without its potential challenges and points for consideration: Market Volatility: Bitcoin is known for its price swings. While an ETF provides exposure, it doesn’t eliminate the inherent volatility of the underlying asset. Investors in IBIT are directly exposed to Bitcoin’s sometimes dramatic price movements. Competition: IBIT is one of several spot Bitcoin ETFs launched simultaneously. While it has captured a significant market share, competition among issuers remains fierce, potentially impacting fees and market dynamics over time. Regulatory Evolution: The regulatory environment for cryptocurrencies continues to evolve globally. While spot ETFs are approved, future regulations could impact the market in unforeseen ways. Custody and Security: While the ETF structure offloads the technical burden of custody from the investor, the security of the underlying Bitcoin held by the ETF’s custodian remains a critical factor. These factors are important for investors to consider when evaluating BlackRock IBIT or any other crypto-related investment product. Actionable Insights for Investors and Enthusiasts The rapid rise of IBIT AUM and its entry into the top 25 ETFs offers several takeaways: Institutional Adoption is Real: IBIT’s success is a clear signal that institutional capital is flowing into Bitcoin through regulated channels. This can be seen as a long-term positive for the asset class. ETFs as a Gateway: Spot Bitcoin ETFs have successfully served as a bridge for traditional investors looking to access Bitcoin without the technical hurdles of direct ownership. Diversification Potential: For investors considering exposure to digital assets, IBIT and similar products offer a convenient way to potentially diversify a traditional portfolio, though this should always be done after careful research and consideration of risk tolerance. Stay Informed: The ETF market , especially the segment focused on digital assets, is dynamic. Keeping track of AUM flows, fee structures, and regulatory news across all providers is crucial for informed decision-making. The performance of BlackRock IBIT is a case study in how quickly a product meeting significant pent-up demand can grow, reshaping the landscape of both cryptocurrency investment and the broader ETF ecosystem. Conclusion: A New Era for Bitcoin in the ETF Market BlackRock’s IBIT achieving a top 25 ranking among U.S. ETFs at such a young age is a landmark event. It powerfully illustrates the massive investor interest in Bitcoin when presented through a familiar, regulated investment vehicle. The rapid accumulation of IBIT AUM underscores the effectiveness of the spot Bitcoin ETF structure in bridging the gap between traditional finance and the digital asset world. While challenges and volatility remain inherent to Bitcoin, the unprecedented speed of IBIT’s growth signifies a new era of institutional integration and broader acceptance within the global ETF market . This development is a testament to the increasing maturity and accessibility of Bitcoin as an asset class for a wide range of investors. To learn more about the latest Bitcoin ETF trends, explore our article on key developments shaping Bitcoin institutional adoption. This post BlackRock IBIT Achieves Phenomenal Top 25 ETF Ranking Speed first appeared on BitcoinWorld and is written by Editorial Team
Senator Cynthia Lummis announced that the US military supports her initiative to acquire one million Bitcoins. According to Lummis, the United States is engaged in an economic war with China and must take steps to prepare. She suggested that strategic reserve was a solution to this. The senator’s remarks referred to the tensions between the United States and China. US Senator Lummis has pointed out that some branches of the American military support creating a national Bitcoin reserve to tackle dangers posed by economic conflicts. Lummis proposes using a strategic BTC reserve to curb the US-China trade war During an interview on June 3, Lummis explained how US generals — especially those from Southeast Asia — supported the idea that storing Bitcoin would be in America’s best interest. Lummis stated that concerning the current situation between the US and China , all they have to do is turn to the current US military leaders to back up a strategic Bitcoin reserve. In a statement based on the Senator’s argument, some generals think having a strategic Bitcoin stash is vital. She further highlighted that they are engaged in an economic battle with China and must prepare for a conflict involving weapons. Lummis, however, said they need to be prepared for both. She commented during a segment on tensions between China and the United States, with the country playing a central role in trade wars under the Trump administration. While Trump’s tariffs initially hit most US trade partners, his administration later suspended tariffs in many countries, excluding China. Additionally, the US has a big trade deficit with China, which means it buys more products from China than it sells there. This situation has caused some people to say that China has changed its currency value to lower prices on its goods, giving its businesses an unfair edge. The US also charged China with stealing ideas and inventions, pointing to cases where Chinese companies accessed secret information from American businesses. Moreover, the US paid special attention to limiting semiconductor exports to China because of worries about how these products might be used for China’s military and technology growth. The trade war is also viewed as a part of a larger struggle between the US and China to be the leader in both the economy and technology. To curb this, the two countries later came to a temporary trade agreement that cooled the tensions. On May 20, Chinese leaders decided to “greatly lower” the trade gap between China and the US by promising to “significantly boost” their purchases of American products. As a result, Steven Mnuchin, an investment banker and former United States Secretary of the Treasury, stated that they were pausing the trade war . Trump emphasized the urgency of the US leading in the crypto world Trump has said the US should become the “world capital of crypto” during his 2nd term in office at the White House. The president cautioned that if they do not embrace crypto and lead in the digital asset ecosystem, China would consider and have it, or somebody else, but most likely China. China has had a comprehensive ban on crypto activities since 2021, despite betting on blockchain technology to power projects such as its central bank digital currency, the digital yuan. China has strengthened financial rules, but cryptocurrency is completely banned. BEIJING – The Chinese government has announced a broad ban on cryptocurrency assets. Besides earlier restrictions on trading and mining, China has now made it illegal for individuals to own digital currencies like Bitcoin. At Bitcoin 2025 on May 28, US Vice President JD Vance emphasized the geopolitical significance of Bitcoin. He argued that the US needs to solidify its position as the crypto leader and stay competitive in the changing world of digital finance. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Pump.fun, the meme coin platform that brought Solana blockchain back to life, is reportedly looking to raise $ 1 billion through a token sale. The token sale could value Pump.fun at $4 billion. The sale is expected to be held for both public residents and private investors . However, crucial information about when and on what platform the token will be released is not yet revealed. Pump.fun representatives haven’t responded to the claims or officially commented. If successful, this token sale would see Pump.fun, the now most valuable cryptocurrency startup, a big milestone for the recently launched platform. Pump.fun fuels Solana’s meme coin surge and sparks DeFi innovation Pump.fun has been live since early 2024 and has quickly emerged as a force behind Solana’s booming meme coin market . Its main attraction is that it’s simple — anyone from a newbie to a seasoned developer can quickly establish, pull mintage, and send new meme coins into the world. This convenience of use has enabled Pump.fun, which accounts for most meme coin launches and trading on Solana. At its peak on January 23, the platform made over $7 million daily. Daily revenue has slowed since then, but it is still averaging around $1 million a day — a strong sign of continued activity. Pump.fun’s fundamental layer is based on a bond curve, which can automatically adjust funds to reflect demand and supply. When a token lands on Pump.fun, which has a market capitalization of $69,000, it “graduates” to Raydium, Solana’s up-and-coming decentralized exchange, where it can enjoy more liquidity and visibility. Adding to the tumult in the market, Pump.fun launched its automated market maker, PumpSwap . This customized tool was designed to grab additional trading volume into the exchange’s circle. Raydium fought back fast, debuting LaunchLab, a meme coin generator that competes and innovates on the network. Solana users drive growth across the network The Solana network has also experienced strong and volatile user engagement in recent months. Active addresses — an important measure of the aggregate number of unique users interacting with a blockchain — fell to 5.6 million around mid-May to early June. But that figure spiked quickly afterward to 7.6 million. This bounce in market downturns doesn’t dissuade a good indication that users are interested in using Solana. SOL, the network’s native cryptocurrency, has seen its price rise and fall on either side of $200. Some analysts are optimistic that a price rally is possible, particularly after one trader made a massive $3 million long order. The growing number of active addresses shows that more users are trading and using their wallets on-chain. Likely, that’s because of the benefits of Solana: low fees and high throughput, making it a popular destination for high-frequency trading and issuing new tokens. The health of Solana’s ecosystem and its growth prospects are strong, and platforms such as Pump.fun are adding value. The more mainstream supporters we have, the better, and Pump.fun is getting the job done. If Pump.fun also successfully raised $1 billion, it would be a major victory for the site and could stand as one of the largest token sales in the crypto space this year. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Cardano’s ADA experiences a sharp 10% decline, yet significant whale accumulation at a critical demand zone signals a potential price rebound. The recent market structure shift broke a key uptrend,
BitcoinWorld MARA Holdings Announces Impressive 950 BTC Mining Production in May For anyone tracking the pulse of the cryptocurrency market, especially the companies at the forefront of digital asset creation, the latest report from MARA Holdings (formerly Marathon Digital) offers compelling insights. As one of the largest publicly traded Bitcoin mining companies in the world, MARA’s operational updates are keenly watched by investors and enthusiasts alike. Their recent announcement regarding May’s production figures highlights their continued efforts in expanding their share of the global hash rate and accumulating significant BTC holdings . Key Highlights from MARA Holdings’ May Performance MARA Holdings had a productive May, demonstrating consistent operational output despite fluctuating market conditions and the evolving landscape post-Bitcoin halving. The company’s official report detailed several key achievements: Bitcoin Mined: MARA successfully mined 950 BTC during the month of May. This figure provides a clear picture of their current operational capacity and efficiency. Strategic Holding: Notably, the company reported that it did not sell any of the Bitcoin mining rewards earned in May. This strategic decision reflects a bullish long-term outlook on the price of BTC and a commitment to growing their digital asset treasury. Growing BTC Holdings: As a result of the May mining and holding strategy, MARA Holdings ‘ total unrestricted BTC holdings increased significantly. As of May 31, 2024, the company held a total of 49,179 BTC. This substantial holding is a core component of MARA’s balance sheet and investment profile. These figures are crucial indicators for understanding the company’s operational health and its strategy for navigating the competitive world of crypto mining . Why Did MARA Holdings Choose Not to Sell Bitcoin in May? The decision by MARA Holdings to hold onto the 950 BTC mined in May is a significant strategic move that speaks volumes about their confidence in Bitcoin’s future. Several factors likely influence such a decision: Long-Term Bullish Sentiment: Companies deeply involved in the Bitcoin ecosystem, like MARA, often possess a strong belief in the long-term appreciation of BTC. Holding mined coins allows them to potentially benefit from future price increases, maximizing the value derived from their mining operations. Balance Sheet Strength: Accumulating a large treasury of BTC holdings strengthens the company’s balance sheet. These digital assets can be viewed as a store of value and provide financial flexibility, potentially used for future investments, expansion, or as collateral. Market Conditions: While May saw some market fluctuations, a decision not to sell could indicate that MARA’s management believes the current price does not reflect Bitcoin’s true or potential value, or they anticipate favorable market movements in the near future. Aligning with Shareholder Value: Many investors in MARA Holdings are specifically interested in gaining exposure to Bitcoin’s price movements. By holding mined BTC, MARA directly aligns its corporate strategy with the investment goals of its shareholders who seek direct or indirect BTC exposure. This ‘hodling’ strategy is common among major Bitcoin mining firms, distinguishing them from operations that might sell mined BTC immediately to cover operational costs or realize short-term profits. The Significance of MARA’s Growing BTC Holdings With 49,179 BTC in its treasury, MARA Holdings possesses one of the largest corporate holdings of Bitcoin among publicly traded companies, particularly within the crypto mining sector. What does this mean? Table: Snapshot of MARA’s BTC Holdings (as of May 31, 2024) Metric Value Bitcoin Mined in May 950 BTC Bitcoin Sold in May 0 BTC Total Unrestricted BTC Holdings (End of May) 49,179 BTC This significant asset base means that MARA Holdings ‘ financial health and stock performance (often tracked under the ticker MARA ) are increasingly tied not just to its mining efficiency but also directly to the price of Bitcoin. A rising BTC price can significantly increase the value of their treasury, potentially boosting investor confidence and the company’s market capitalization. Conversely, a sharp decline in Bitcoin’s price could impact the perceived value of their holdings and affect the stock. What Are the Challenges Facing MARA Holdings and Bitcoin Mining? While the May production report is positive, the Bitcoin mining industry, and MARA Holdings specifically, face ongoing challenges: Post-Halving Economics: The recent Bitcoin halving event cut the block reward for miners by 50%. This significantly impacts revenue per block mined, requiring miners to increase efficiency, lower costs, or expand hash rate to maintain profitability. Network Difficulty: As more powerful mining hardware comes online and more participants join the network, the Bitcoin mining difficulty adjusts upwards. This means miners need more computing power to find a block, increasing competition. Energy Costs and Sustainability: Energy consumption remains a major operational cost and a point of public scrutiny for crypto mining . MARA, like other large-scale miners, must navigate energy procurement, fluctuating prices, and increasing pressure for sustainable energy sources. Hardware Obsolescence: The mining industry is characterized by rapid technological advancements. Older mining rigs become less efficient compared to newer models, requiring continuous capital investment in updated hardware to remain competitive. Navigating these challenges effectively is crucial for MARA’s continued success in growing its BTC holdings and maintaining profitability. Looking Ahead: What’s Next for MARA? Following a strong May performance, market observers will be watching MARA Holdings for several key indicators: Continued Production Levels: Can MARA maintain or increase its monthly Bitcoin production despite rising difficulty and post-halving economics? This will depend on their ongoing infrastructure deployment and efficiency improvements. Expansion Plans: MARA has been actively expanding its mining capacity. Updates on new site developments and miner deployments will signal future growth potential. Treasury Management: Will MARA continue its strategy of holding mined BTC, or will market conditions or operational needs necessitate selling some of their BTC holdings ? Stock Performance (MARA): How will the market react to MARA’s operational results and the broader movements in Bitcoin’s price? The MARA stock price is often seen as a leveraged play on Bitcoin itself. These factors will play a significant role in shaping the company’s trajectory through the remainder of the year. Actionable Insights for Those Following MARA Holdings For investors, analysts, or simply those interested in the crypto mining space and MARA Holdings : Monitor Production Reports: Pay close attention to monthly mining updates. These provide direct evidence of operational performance. Track BTC Price Movements: Given MARA’s large BTC holdings , the price of Bitcoin is a primary driver of the perceived value of their assets. Evaluate Expansion Progress: New facility announcements and miner deployment numbers indicate future hash rate growth potential. Understand the Halving Impact: Assess how MARA is adapting to the reduced block reward through efficiency gains or hash rate increases. Consider the Stock (MARA): If you are considering the stock, understand that it carries both operational risk (mining) and market risk (BTC price volatility). Staying informed on these aspects provides a more complete picture of MARA’s position and potential. Compelling Summary MARA Holdings demonstrated a robust operational performance in May, successfully mining 950 BTC and strategically choosing to retain these digital assets. This decision not only bolstered their already substantial BTC holdings , bringing the total to 49,179 BTC by month’s end, but also underscored their long-term confidence in Bitcoin. While the company and the broader Bitcoin mining sector face challenges like post-halving economics and rising network difficulty, MARA’s consistent production and significant asset base position it as a key player to watch. The performance of MARA Holdings continues to offer valuable insights into the health of the mining industry and serves as a notable example of a corporate strategy deeply intertwined with the future of Bitcoin. To learn more about the latest Bitcoin mining trends and Bitcoin developments, explore our articles on key developments shaping Bitcoin price action and institutional adoption. This post MARA Holdings Announces Impressive 950 BTC Mining Production in May first appeared on BitcoinWorld and is written by Editorial Team
Ethereum continues to attract significant institutional interest, as revealed by Consensys CEO and Ethereum co-founder Joe Lubin. According to a recent report by Decrypt, Lubin confirmed ongoing discussions with a
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Keep an eye on ETH, is what fund manager March Zheng is telling investors. As Asia begins its business day, ETH is trading above $2,500, down 0.4%. While this might not seem like a lot in the volatile world of crypto, ETH has defied the odds and is up 40% on-month, which is impressive because its performance is only matched by memecoin stalwarts like PEPE, and Decentralized Finance lending protocols like AAVE. The latter's performance has helped push up Total Value Locked (TVL) in Ethereum past $60 billion. Zheng, the co-founder and managing partner of Bizantine Capital, is bullish on ETH because he argues that Ethereum might dominate as the primary layer-one blockchain due to its superior scalability compared to Solana, thanks to the recent Pectra upgrade , and persistently lower inflation rate than Bitcoin BTC. "It may be reaching an inflection point where both of these leads continue to grow," Zheng said in a note to CoinDesk. "It will be a very interesting year." Still, there are potential limits to ETH's growth story this year. Bettors on Polymarket are only giving it a 26% chance of breaking its all-time high of $4,868 in November 2021. Meanwhile, CoinDesk Market Insight Bot notes institutional interest in Ethereum is growing sharply, with exchange balances dropping to seven-year lows and ETH-focused investment products seeing significant inflows, signaling bullish long-term accumulation. Enterprises are Shying Away from Decentralized AI Artificial Intelligence tokens are one of the year's growth stories, with the market cap of the token category worth over $27 billion according to CoinGecko data. But there's a problem, as analyst Teng Yang from the Crypto-AI research house Chain of Thought argued in a thread on X. The decentralized compute infrastructure, known as Decentralized Compute Networks (DCN) needed to make decentralized AI a reality, isn't keeping pace. In Semianalysis' March 2025 rankings of GPU cloud providers, decentralized compute platforms barely registered. Only Akash and Prime Intellect appeared, stuck at the very bottom of the list. Most decentralized platforms didn't even make the cut, underscoring the deep challenges these projects face in competing with centralized hyperscalers like AWS or Google Cloud. Coordination, the ability to organize scattered computing resources into a seamless service, remains a critical weak spot. Unlike centralized services, decentralized platforms struggle with basic tasks such as predictable job routing, efficient data transfers, and built-in fault tolerance, essentials for enterprises accustomed to the streamlined functionality of Kubernetes or Slurm – software tools that enterprises use to easily manage and schedule large computing tasks. Security and technical reliability present additional hurdles. Most decentralized networks lack essential certifications, such as SOC2 or ISO 27001, leaving their systems prone to fragile networking, storage inconsistencies, and frequent latency spikes. As Yan notes, decentralized networks suffer from dashboards that feel cumbersome, unclear payment systems, and confusing onboarding processes, failing the straightforward "spin-up-and-scale" benchmark enterprises expect. Finally, economic sustainability remains elusive. Current decentralized networks are overly reliant on temporary token incentives, risking collapse when emissions slow down or halt altogether. Aethir's token, after all, is up 70% in the last month which adds inflationary pressures if someone is subscribing to cloud services denominated in ATH – its eponymous token. Yan argues decentralized platforms don't need to entirely replace AWS, but they must at least be stable, economical, and easy enough to compete meaningfully. Until then, the ambitious growth of decentralized AI will remain dependent on centralized computing infrastructure. News Roundup Trump Organization Says $TRUMP Wallet Isn't Them The Trump Organization has distanced itself from a newly announced cryptocurrency wallet called the "$TRUMP Wallet," despite promotional branding explicitly linked to the former president, CoinDesk previously reported. A spokesperson stated unequivocally that the organization "knows nothing" about the wallet, contradicting announcements made by Magic Eden CEO Jack Lu, who had confirmed a partnership via social media. Donald Trump Jr. and Barron Trump separately clarified that the Trump Organization has "zero involvement," although Trump Jr. mentioned a forthcoming official wallet from World Liberty Financial, a separate stablecoin project associated with the family. The $TRUMP Wallet's website is currently active, inviting users to a waitlist while promising digital asset trading features, yet provides no substantial technical details or release timeline. The confusion around the project highlights Trump's controversial but ongoing entanglement with crypto, previously illustrated by ventures such as World Liberty Financial and memecoins like Trump Coin and Melania Coin. Revolut Could Soon Offer Crypto Derivatives Revolut is exploring an expansion into cryptocurrency derivatives, as indicated by a new job listing seeking a general manager to launch and scale a related offering, CoinDesk previously reported. This development follows the successful rollout of its professional-focused crypto exchange, first in the U.K. in May 2024 and later across the European Union. The U.K. market for crypto derivatives has recently gained traction, highlighted by the launch of GFO-X, the country's first FCA-regulated, centrally-cleared derivatives platform. Additionally, Galaxy's U.K. subsidiary, led by Mike Novogratz, received FCA approval in April, positioning itself to compete in the growing market segment. Market Movements: BTC: Bitcoin rose 2% above $105K, buoyed by MicroStrategy's aggressive $84 billion Bitcoin acquisition plan, despite lingering geopolitical concerns and long-term risk questions. ETH: ETH established a clear uptrend amid strong volume spikes, facing firm resistance at $2,651 and solidifying support near $2,618-$2,620. Gold: Gold dipped 0.51% to around $3,356 per ounce Tuesday as a rebounding dollar and rising US job openings prompted traders to rotate into riskier assets. Nikkei 225: Japan's Nikkei 225 rose 0.83% Wednesday, leading Asia-Pacific markets higher after Wall Street's tech-driven rally powered by Nvidia. S&P 500: The S&P 500 climbed 0.58% Tuesday to 5,970.37, boosted by Nvidia gains and investor optimism over U.S. trade deals, as Deutsche Bank raised its year-end target to 6,550. Elsewhere in Crypto: Why a Bitcoin Treasury Strategy Is Risky: Analyst (Decrypt) Stablecoin Bills in House and Senate Still Need to Mesh on Several Points: French Hill (CoinDesk) Pump.fun plans $1B token sale at $4B valuation: Sources (Blockworks) France Charges 25 People, Including 6 Minors, in Crypto Kidnapping Cases (CoinDesk) How HYPE Surged on Hyperliquid’s Growing Perpetual Futures Stardom (Decrypt)
BlackRock’s recent large-scale Bitcoin deposits and Ethereum withdrawals on Coinbase highlight a strategic shift in institutional crypto investment. The contrasting movements of Bitcoin and Ethereum assets reveal nuanced portfolio management
ADA plunges 10%, but whale accumulation at key demand zone hints at possible price reversal.