Cantor Fitzgerald plans .5B Bitcoin buy from Adam Back’s Blockstream: Reports

Cantor Fitzgerald plans $3.5B Bitcoin buy from Adam Back’s Blockstream: Reports

Brandon Lutnick’s Cantor Fitzgerald is nearing a big Bitcoin acquisition through a SPAC merger, targeting 30,000 BTC from Blockstream Capital. American financial services firm Cantor Fitzgerald is reportedly planning to acquire more than $3.5 billion worth of Bitcoin from Adam Back’s Blockstream Capital.  Brandon Lutnick, the 27-year-old son of US Commerce Secretary Howard Lutnick, is…

Read More
Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Republicans suffered their first setback in Congress on crypto legislation, Bitcoin-powered darknet marketplace Abacus Market has gone offline amid suspected law enforcement pressure, and…

Read More
James Wynn returns with M leveraged Bitcoin long, 0K PEPE bet

James Wynn returns with $19M leveraged Bitcoin long, $100K PEPE bet

Wynn previously claimed that his leveraged positions were deliberately “hunted” by crypto market makers looking to sink Bitcoin’s price below his liquidation threshold. Multimillionaire cryptocurrency trader James Wynn returned despite numerous previous liquidations, signaling renewed confidence in Bitcoin’s near-term upside momentum. Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin (BTC) long…

Read More
Even retail demand is now outpacing Bitcoin supply: Bitfinex

Even retail demand is now outpacing Bitcoin supply: Bitfinex

Bitfinex analysts say this level of accumulation “supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers.” New buyers entering the Bitcoin market are seen as price-agnostic and are scooping up the cryptocurrency faster than miners can supply, a likely boon for the price of Bitcoin.  “Currently, the combined balance…

Read More
Crypto funds post .7B inflows as Bitcoin soars to new highs

Crypto funds post $3.7B inflows as Bitcoin soars to new highs

Crypto ETPs experienced another week of strong inflows, with investors pouring in $3.7 billion and total assets reaching a new all-time high of $211 billion. Cryptocurrency investment products experienced strong inflows during the last trading week, amid Bitcoin surging to historic highs of $118,000. Global crypto exchange-traded products (ETPs) recorded $3.7 billion of inflows for…

Read More