Trump Media & Technology Group has withdrawn its registration for the Truth Social Bitcoin and Bitcoin & Ethereum ETFs, citing a "structural reset" but analysts point to intense competition, collapsing fees, and weak investor demand as the real reasons. The crowded spot bitcoin ETF market, with major players like Morgan Stanley offering very low fees, made it difficult for Trump Media to attract assets. Experts suggest Trump Media may pivot to more differentiated crypto funds under different regulatory structures instead of competing in the saturated spot bitcoin ETF space.
Margin long positions on Bitfinex surged to 80,600 BTC, the highest in 2.5 years, signaling strong bullish bets by large traders despite Bitcoin struggling below $78K resistance. This $6.2 billion leveraged exposure reflects institutional confidence ...
The crypto market showed mild strength with total capitalization rising 0.68% to $2.57 trillion. Bitcoin held steady near $77,000, supported by optimism around regulatory discussions and tokenized stock trading plans, while Ethereum struggled below $...
Crypto analyst Benjamin Cowen says Bitcoin remains in a bear market after facing resistance at its 200-day moving average, a key indicator that previously signaled crashes in 2018 and 2022. He outlines two bearish scenarios: one where Bitcoin falls t...
Bitcoin dropped 6% after revisiting its 200-day moving average near $82,000, but K33 Research argues the $60,000 low in February is the maximum drawdown for this cycle. Unlike previous cycles, Bitcoin's current pattern shows a longer, slower decline ...
Coins.ph has expanded its QR-code crypto payment network in the Philippines by adding Bitcoin (BTC) and Ethereum (ETH) support, joining Tether (USDT) in the system. This update integrates with QRPH, the country's standardized QR payment system, which...
