Trump Media & Technology Group transferred 2,650 Bitcoin valued at about $205 million to Crypto.com, raising questions about its crypto treasury strategy as Bitcoin prices remain below their purchase cost. The company originally bought 11,542 BTC at an average price of $118,522 each but has seen its holdings drop significantly in value, contributing to a $405.9 million quarterly loss largely due to unrealized markdowns. This latest transfer follows a previous move of 2,000 BTC earlier this year and leaves the company with around 6,889 BTC. The market impact depends on whether these coins are sold on exchanges or off-market, but long-term Bitcoin holders remain strong despite corporate selling pressures.
Bitcoin trades near $77,324 with a slight dip, while Ethereum holds around $2,127 as traders focus on key technical levels like the 200-day moving average. Market cap stands at $2.67 trillion with Bitcoin dominance at 58.1%, signaling cautious sentim...
The US Senate may delay voting on the 'Clarity' crypto market structure bill due to a crowded legislative schedule, creating uncertainty for clearer crypto regulations. The Wall Street Journal reported that an Iran-linked network moved over $850 mill...
XRP-linked investment products attracted about $42 million in net inflows over the past week, coinciding with a sharp one-day spike of 4,300 new XRP wallets. This suggests some traders may be rotating into XRP while reducing exposure to Bitcoin and E...
Ethereum (ETH) has fallen about 12% from its recent peak of $2,420 to around $2,130, pressured by rising US Treasury yields and significant outflows from Ethereum ETFs. The surge in yields draws capital to safer assets, while $33 million in ETH ETF r...
On May 22, 21,000 Bitcoin options expired with $1.6 billion in notional value, and 129,000 Ethereum options expired with $280 million in notional value. The data indicated reduced trading activity, lower implied volatility, and defensive positioning ...
