The Lava Loans protocol (v2) is a scheme designed by Lava building upon Discreet Log Contracts (DLCs) to facilitate a trustless Bitcoin collateralized loan system. The huge implosion in the market last cycle caused by centralized platforms facilitating Bitcoin backed…
Category: Crypto Flash News
Institutional Inflows to Bitcoin ETFs Show Promising Indicator, Says Coinbase Report
Coinbase has reported that updated 2Q 2024 13-F filings indicate a notable increase in institutional inflows into U.S. spot Bitcoin ETFs, which the company views as a “promising indicator” for the Bitcoin market. The 13-F filings, released on August 14, reveal that…
Are Bitcoin Whales Buying The Dip?
Bitcoin’s recent price volatility has led many to wonder if large-scale bitcoin hodlers are taking advantage of price dips to accumulate more bitcoin. While some metrics may initially suggest an increase in long-term holdings, a closer examination reveals a more…
Bitcoin Non-Profit ₿trust Announces Q3 Grants For Open-Source Developers
₿trust, an initiative committed to supporting open-source Bitcoin developers based in the Global South, has announced the recipients of its Q3 Starter Grants and the new members of its ₿trust Open-Source Cohort. 1/ 📢 Announcing the ₿trust Q3 Grants! We’re…
South Korean Pension Fund Buys $34 Million in MicroStrategy Shares
South Korea’s National Pension Service (NPS) has purchased $34 million worth of shares in MicroStrategy, the business intelligence firm that has accumulated billions in Bitcoin. JUST IN: 🇰🇷 South Korean pension fund reports buying $34 million in MicroStrategy shares. pic.twitter.com/Sg5cRAkjzZ…
75% of Bitcoin Hasn’t Moved in 6+ Months, Signaling Strong HODLing Trend
Recent data from Bitcoin Magazine Pro shows a significant trend among Bitcoin holders: nearly 75% of all circulating Bitcoin has remained dormant for over six months. This strong HODLing behavior reflects a steadfast belief in Bitcoin’s long-term value, despite market…
State of Wisconsin Investment Board Increased BlackRock Bitcoin ETF Holdings: SEC Filing
The State of Wisconsin Investment Board (SWIB) has increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a new SEC filing today, as first reported on X by MacroScope. In an SEC filing today, the State of Wisconsin Investment Board…
Marathon Digital Holdings Buys $249 Million Worth of Bitcoin
Marathon Digital Holdings, one of the largest publicly traded Bitcoin miners, purchased $249 million more worth of Bitcoin. This latest acquisition expands Marathon’s corporate bitcoin treasury to over 25,000 BTC. JUST IN: 🇺🇸 Marathon Digital Holdings buys 4144 #Bitcoin worth…
SEC Approves the First Leveraged MicroStrategy ETF
The Securities and Exchange Commission has approved the launch of MSTX, the first leveraged single-stock ETF targeting MicroStrategy. The ETF will seek to deliver 175% of MicroStrategy’s stock’s daily return. JUST IN: 🇺🇸 SEC approves the first leverage long MicroStrategy…
Crypto Behemoth Coinbase Enters The Bitcoin DeFi Arena
A short and cryptic tweet sparked a frenzy in X circles late Tuesday night when leading global exchange Coinbase hinted at plans to enter the wrapped Bitcoin market. The initial speculation was quickly validated by senior employees who corroborated their…