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Bitcoin News
Coin Telegraph
3w
127
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GameStop stocks hit restrictions on NYSE after short volume rockets 234%
- The New York Stock Exchange (NYSE) has imposed a Short Sale Restriction (SSR) on GameStop after volume spiked to levels reminiscent of GameStop’s famous 2021 short squeeze.
- GameStop (GME) short sales volume rose 234% within 24 hours, reaching 30.85 million shares sold on March 27.
- The SSR was triggered as GameStop's stock fell 22% in a single trading day, wiping out its previous gains.
- GameStop's short sale volume nears levels observed during the January 2021 short squeeze, which resulted in significant losses for short sellers and gains for retail traders.
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Cryptonews
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189
Image Credit: Cryptonews
Crypto Market on Edge: Analysts Split Over Trump Tariff Threat and Lingering Turbulence
- Bitcoin experienced a 3% weekly gain rallying from around US$84k to approximately US$88k.
- The Fear & Greed Index indicates the market is in Fear, slowly trending upwards.
- Investors are observing potential impacts of tariffs and trade tensions on various economic sectors.
- Analysts like Arthur Hayes emphasize that the Federal Reserve's monetary policy is more critical than tariffs.
- Options markets are currently showing a cautiously optimistic outlook without pricing major risk events for the coming quarter.
- Trump's tariff threats have caused market uncertainty and fears of an escalating trade war.
- The target of tariffs has shifted from China to close allies like the EU, Mexico, and Canada.
- Different opinions exist on the impact of tariffs, with some suggesting that they may not have as significant an effect as feared.
- Arthur Hayes believes that tariffs are transitory and that the US Fed's monetary policy decisions will have a more substantial impact.
- Despite macroeconomic uncertainty, there is cautious optimism in the crypto market with options markets not pricing in major risk events for the upcoming quarter.
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Newsbtc
3w
7.9k
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Are the Bulls Still in Control? Bitcoin Faces Pressure After Massive Long Position Wipeout
- Bitcoin is currently trading just below the $87,000 mark, reflecting a 0.8% decline in the past 24 hours.
- A significant long liquidation event occurred, with $359.7 million worth of long positions being closed, indicating a potential shift in sentiment and short-term sell-offs.
- Bitcoin's realized price distribution by UTXO age bands shows that recent buyers are holding unrealized profits, and support near $84K may act as a technical level in case of a dip.
- While there is a possibility for Bitcoin to either fall or continue rising, caution is advised given the current market dynamics.
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Bitcoinist
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418
Image Credit: Bitcoinist
Bitcoin Realized Volatility Hits Alert Level – Compression Signals Imminent Price Move
- Bitcoin is struggling to regain bullish momentum as it trades just below the critical $90,000 level.
- On-chain data reveals Bitcoin's seventh compression of Realized Volatility, indicating a potential major price move.
- Analysts remain divided on the next direction, with some warning of a prolonged correction while others suggest a breakout if $90K is reclaimed.
- Bitcoin is currently trading at $87,000, with key levels to watch being $90,000 resistance and $85,000 support.
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Coin Telegraph
3w
423
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France’s state bank earmarks $27M for crypto with ‘strong French footprint’
- The French state-owned bank, Bpifrance, plans to invest $27 million in cryptocurrencies that support local projects.
- The bank aims to back projects with a strong French presence and receive tokens in return for its investment.
- The investment will focus on decentralized finance (DeFi), staking, tokenization, and artificial intelligence.
- Bpifrance aims to promote emerging technologies and strengthen the French blockchain ecosystem.
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Cryptonews
3w
136
Image Credit: Cryptonews
GameStop Stock Drops 22% Daily Amid Bitcoin Pivot, Sparking Investor Scepticism
- GameStop shares plunged over 22% after announcing plans to invest in Bitcoin, sparking investor scepticism.
- Investors expressed concerns over unclear long-term strategy and potential risks to GameStop's core retail operations.
- The move to invest in Bitcoin was funded by proceeds from a $1.3B convertible bond sale.
- Analysts question the timing of GameStop's decision and the impact on their overall business model.
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Bitcoinist
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418
Image Credit: Bitcoinist
Bitcoin Bet Grows Bigger: The Blockchain Group Snaps Up 580 BTC
- France-based blockchain solutions firm, The Blockchain Group, has purchased 580 BTC, marking its largest Bitcoin acquisition to date.
- The purchase was made through the company's Luxembourg-based subsidiary and was financed through a convertible bond issuance.
- The Blockchain Group now holds a total of 620 BTC, with a value of over $54 million.
- Corporate adoption of Bitcoin is expected to increase in 2025, with several companies and US states investing in BTC.
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Coin Telegraph
3w
414
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Crypto.com probe by the SEC has officially closed, says CEO
- The US Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com with no action taken against the crypto exchange.
- Crypto.com's CEO, Kris Marszalek, stated that the SEC's investigation was a calculated attempt to stifle the industry, but the company remained strong and persevered.
- This closure follows a series of crypto investigations and lawsuits dropped by the SEC in recent weeks, signaling a friendlier approach since Mark Uyeda took over as the acting chair of the SEC.
- Crypto.com has also announced a partnership with Trump Media to launch 'Made in America' themed exchange-traded funds later this year, with Crypto.com providing infrastructure and custody services for the crypto tokens.
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Bitcoinsensus
3w
145
Image Credit: Bitcoinsensus
SEC Dismisses Cases Against Kraken, Consensys, and Cumberland
- The SEC dismissed lawsuits against Kraken, Consensys, and Cumberland, reflecting a shift toward a less enforcement-heavy approach to regulating the crypto industry under the new administration.
- Kraken was accused of operating as an unregistered securities exchange and offering unregistered securities, with the case against it now dismissed with prejudice.
- Consensys and Cumberland faced allegations related to unregistered activities; the SEC’s dismissals signal evolving priorities and a reevaluation of its regulatory strategy.
- The dismissals indicate the SEC's intention to reform and renew its regulatory approach to the crypto industry, fostering innovation while ensuring investor protection.
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Medium
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202
Image Credit: Medium
Full Onboarding Guide for Web3PvZ, Edition 8: DR. PUMP: Voting and Governance
- Dr. Pump is an autonomous AI agent designed for Web3PvZ's financial management.
- Dr. Pump's HEART represents his affection score, influenced by player's voting reasoning.
- Players can increase Dr. Pump's HEART score by active participation in voting or through bribes with SUNSHINE.
- Web3PvZ's governance system allows shareholders to decide on treasury allocation, game updates, and community proposals.
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Bitcoinist
3w
313
Image Credit: Bitcoinist
Bitcoin Whales Stop Selling – 290K BTC Offload Signals Rising Accumulation
- Bitcoin is facing resistance at the $88,000 to $91,000 level, limiting upward momentum.
- On-chain data shows a reduction of 290,000 BTC in supply from major Bitcoin holders, signaling a potential slow shift from selling to accumulation.
- Bitcoin is currently holding above the 200-day moving average but needs to reclaim the $90,000 level to avoid bearish pressure.
- A breakout above $90,000 is crucial to confirm a new leg higher for Bitcoin.
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Bitcoinsensus
3w
8
Image Credit: Bitcoinsensus
Why Tesla’s Stock Rose After U.S. Announced New Tariffs on Vehicles
- Tesla's stock surged 16.31% in 5 days amidst tariffs targeting vehicle imports, benefiting from its domestic production in California and Texas.
- Protests against Tesla intensified after controversial decisions by the Department of Government Efficiency, including budget cuts and federal worker layoffs.
- A global boycott and an arson incident in Las Vegas further compounded challenges for Tesla, despite its domestic production advantage providing temporary market relief.
- While other car manufacturers saw their stocks decline due to new tariffs, Tesla's stock rose as it has domestic production facilities which allow them to build and sell vehicles within the United States.
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Bitcoinsensus
3w
57
Image Credit: Bitcoinsensus
Bitcoin Stays Steady as U.S. Jobless Claims Beat Forecast
- U.S. labor market shows resilience as jobless claims for March 22 come in slightly below forecast amidst fears of economic pressures from global trade conflicts
- Bitcoin remains steady near $87,000 despite overshadowing trade war concerns, showing modest gains of 0.23% in 24 hours and 3.30% over the week
- March labor data signals slower-than-expected jobless growth, hinting at a strong finish to 2024 despite mounting fears of a recession
- Bitcoin remains resilient near $87,000, with a 0.23% increase in 24 hours and 3.30% gain over the week
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Coin Telegraph
3w
414
Image Credit: Coin Telegraph
Getting crypto out of the ‘AOL era’ — Sandeep Nailwal
- The current state of crypto is similar to the internet's 'AOL era' in the late 1990s, with limited functionality and a high barrier to entry.
- To improve user experience, Sandeep Nailwal suggests focusing on seamless fiat on- and off-ramps, custody solutions with key recovery, and integrating hardware wallets into mobile devices.
- Crypto is still in the early stages, and it may take at least 10 to 15 years to see its full potential.
- The adoption of cryptocurrencies, including Bitcoin, is still low, with only 4% of individuals worldwide owning BTC.
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Coindoo
3w
101
Image Credit: Coindoo
Spot Bitcoin ETF Flows See Slower Activity But Strong Momentum in IBIT
- On March 25, IBIT experienced $42 million in inflows, partially offset by $10.1 million in outflows from Bitwise’s BITB and $5.1 million from Grayscale’s GBTC, resulting in a net $26.8 million for the day.
- March 26 saw a more significant surge, with IBIT adding $107.9 million and BITB experiencing $18.3 million in outflows, resulting in a net $89.6 million inflow for the day.
- Activity in the prior week (March 18–24) was more volatile, with strong institutional engagement on certain days like March 18 and March 20, but quieter sessions on other days with smaller inflows.
- IBIT has been dominating recent capital inflows, with limited participation from other funds such as Fidelity’s FBTC, Ark’s ARKB, Invesco’s BTCO, and even Grayscale’s GBTC.
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