Crypto news

The company, bless its heart, produced 1,473 Bitcoin during the quarter. A tad less than the 1,530 Bitcoin of yesteryear, but one mustn’t quibble over such trifles.

Of course, SBI insists on a spot of due diligence and internal approval before sealing the deal. How dreadfully proper. Details, they say, will be discussed later. How tantalizingly vague!

This raises a key question: Is the breakout sustainable, or could it turn into a potential trap?

SBI Moves to Acquire Bitbank in Strategic Crypto Expansion SBI Holdings is close to buying Bitbank, a move that would strengthen its position as a leader in Japan’s growing digital asset market. The purchase is still subject to standard checks and regulatory approval, and the details of the deal haven’t been made public. This acquisition … Read more

The jump reveals more than speed; it is a stubborn sprint of the real-world asset sector. Crypto traders hunt 24/7 exposure to the golden idol through gold-backed tokens, as though safety could be programmed into a blockchain and delivered with a smile.

Glassnode’s recent report highlights an important price level for Bitcoin that it recently touched. This level is determined by looking at two key on-chain indicators: the average price short-term Bitcoin holders paid for their coins, and the True Market Mean, which represents the average cost basis across the network.

But lo, as the calendar flips to May, the harbingers of doom-those ever-so-serious analysts-begin their dirges, foretelling a bearish tempest on the horizon. How predictable, yet how utterly human.

In a new post on X, Martinez sculptures a Parallel Channel in Dogecoin’s 12-hour price chart. A “Parallel Channel” is TA talk for a price hugging two parallel trendlines like a couple of tuxedoed penguins in a very expensive aquarium. It’s traffic control for charts, darling.

The UK has moved forward with digital finance by approving new rules for tokenized funds. These rules make it easier for companies to use blockchain technology while still complying with existing financial regulations, allowing fund managers to more easily adopt digital technologies.

Fidelity’s FBTC ETF experienced the largest outflows, losing $191 million. BlackRock’s IBIT, the biggest Bitcoin ETF in terms of assets, also saw significant outflows, totaling nearly $167 million.