Category: Bitcoin News

Bitcoin Hits 3-Week High At $94,625 Amid Sentiment Shift

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Bitcoin prices surged to a three-week high on Tuesday in a “much-needed rebound” that has caused traders to “FOMO back in and expect higher prices,” according to blockchain analytics firm Santiment. Bitcoin (BTC) prices jumped to $94,625 on Coinbase in late trading on Tuesday, according to TradingView, its highest level since Nov. 25. Santiment said this has led to an explosion of social media calls for “higher” and “above” across various platforms. Positive social sentiment is not always conducive to a move higher. Source: Santiment  However, it has already started…

Strive Launches $500M Stock Sale To Buy More Bitcoin

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Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases. The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.” It also intends to purchase “income-generating assets” to grow the company’s business, but did not specify which.  The move…

Proposed Bitcoin ‘AfterDark’ ETF Would Hodl During Market Hours

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A new regulatory filing by Tidal Trust has proposed listing and trading an exchange-traded fund that will hodl Bitcoin during off-market hours. In a Tuesday filing with the US Securities and Exchange Commission, Tidal Trust II filed a Form N-1A registration statement to add two Nicholas Wealth Management ETFs tied to Bitcoin (BTC) to its existing fund. The offerings, which included the Nicholas Bitcoin and Treasuries AfterDark ETF, would only buy BTC when US market trading hours ended and sell it at opening, effectively hodling through the day. “When utilizing…

ETH Network Fees Drop 30% In A Month: Will Ether Follow?

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Key takeaways: Ethereum’s base layer activity has cooled, with fees and TVL dropping, showing slower demand despite the recent price recovery. Layer-2 networks are growing rapidly, helping to support Ethereum even as base layer usage weakens and traders remain cautious. Ether (ETH) rallied to a three-week high near $3,400 on Tuesday after weak United States job market data reinforced expectations that US monetary policy could become less restrictive sooner than previously thought. Even with the 11.2% weekly gains, traders still worry that sluggish Ethereum network activity and limited demand for…

OCC Clarifies US Banks Can Intermediate Riskless Crypto Trades

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The US Office of the Comptroller of the Currency has affirmed that national banks can intermediate cryptocurrency trades as riskless principals without holding the assets on their balance sheets, a move that brings traditional banks a step closer to offering regulated crypto brokerage services. In an interpretive letter released on Tuesday, the regulator said banks may act as principals in a crypto trade with one customer while simultaneously entering an offsetting trade with another, a structure that mirrors riskless principal activity in traditional markets.  “Several applicants have discussed how conducting…

PNC Adds Direct Bitcoin Trading for Wealthy Clients Via Coinbase

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PNC Bank has begun offering direct spot Bitcoin trading to eligible private bank clients, becoming the first major US bank to enable buy, hold and sell functions inside its own digital platform. According to a Tuesday release, the launch marks the first phase of PNC’s partnership with Coinbase. Announced in July, the collaboration is supported by Coinbase’s Crypto-as-a-Service trading and custody stack. PNC Private Bank serves high- and ultra-high-net-worth individuals, families, family offices and business owners. The bank plans to expand access to additional client groups and add more capabilities…

BTC Breaks $94K Ahead Of FOMC, But This Metric Lags Price

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Bitcoin (BTC) bulls appear to be back in control of the short-term trend, pushing the BTC price above $94,000, despite underlying liquidity indicators raising a red flag. Key takeaways: Bitcoin has reclaimed $94,000, strengthening the short-term bullish structure after a few days of indecision. Bid-ask liquidity remained muted despite the breakout, indicating that buyers are stepping in but not yet in sufficient size. Bitcoin maintains uptrend ahead of FOMC meeting Bitcoin struggled to secure a decisive daily close above $93,000 following the initial break in structure on Dec. 3. With…

Senator Lummis is Anticipating Crypto Market Structure Markup Next Week

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Wyoming Senator Cynthia Lummis, a member of the US Senate Banking Committee and one of the most prominent proponents for addressing digital asset market structure in Congress, said she wants to take the next step in advancing the bill sometime next week. Speaking at the Blockchain Association Policy Summit on Tuesday, Lummis said she anticipated that the markup hearing for the Responsible Financial Innovation Act — the Banking Committee’s version of market structure — would happen before Congress broke for the holidays. The senator said the crypto industry “was getting…

Securitize Pushes Tokenized Equity Access For US Investors

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Major tokenization platform Securitize has doubled down on its push to bring tokenized equity to US investors, naming a former PayPal executive as its new general counsel. Securitize on Tuesday announced the appointment of ex-PayPal executive Jerome Roche, who led the company’s expansion into digital asset projects, including the PayPal USD (PYUSD) stablecoin. Securitize also said its tokenized securities are already available to US investors, challenging the notion that most issuers prefer to offer such products abroad due to local stock access. “There’s been a perception that tokenized securities must be…

Twenty One Capital Debuts On NYSE As Major Bitcoin Holder

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Institutionally-backed Bitcoin native company Twenty One Capital has launched for public trading on the New York Stock Exchange under the ticker XXI.  The Jack Mallers co-founded company has the ambition of becoming the largest publicly-traded holder of Bitcoin (BTC), and its Tuesday US launch follows the completion of its business combination with Cantor Equity Partners. Twenty One Capital holds 43,514 Bitcoin, worth roughly $3.9 billion, making it the world’s third-largest public corporate holder of the asset after Michael Saylor’s Strategy and MARA Holdings.  “Bitcoin is honest money. That’s why people…