MicroStrategy Buys a Further 5,262 BTC as Stock Joins Nasdaq 100

By |2024-12-23T13:12:03+00:00December 23, 2024|Liquidity Pools|

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) MicroStrategy (MSTR), the software developer that has made acquiring bitcoin (BTC) a core value, added to its holding for a seventh week in a row. The company bought 5,262 BTC for a total of $561 million in the [...]

What Happened to Bitcoin’s Santa Rally?

By |2024-12-20T14:35:26+00:00December 20, 2024|Liquidity Pools|

As 2024 draws to a close, bitcoin (BTC) is underperforming, counter to its historical performance in a year-end "Santa rally." The largest cryptocurrency generally adds about 2.8% in the 51st week, this week it's on course to slide 11%. And, while it's tended to gain 3% in week 52, in [...]

Spot Bitcoin ETFs See Record Withdrawals as CME Futures Premium Signals Weaker Demand

By |2024-12-20T09:32:53+00:00December 20, 2024|Liquidity Pools|

The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETF) registered record outflows Thursday and the CME futures premium dropped into single digits in a sign of weakening short-term demand. Investors ended a 15-day streak of inflows by withdrawing a net $671.9 million from the 11 ETFs, the largest single-day tally since [...]

Bitcoin in Bhutan: Charting Its Own Course of Economic Development

By |2024-12-19T16:49:54+00:00December 19, 2024|Liquidity Pools|

As nations explore the implications of digital currencies, Bitcoin is becoming part of national strategies. El Salvador made headlines as the first country to adopt Bitcoin as legal tender, while the United States is considering a national Bitcoin reserve. Even China, despite its cautious stance on cryptocurrency, has embraced blockchain [...]

Razzlekhan’s Husband, the Bitfinex Hacker, Makes First Public Statement Since Arrest

By |2024-12-19T12:24:25+00:00December 19, 2024|Liquidity Pools|

Ilya Lichtenstein, who pled guilty last year to charges related to the 2016 theft of 120,000 bitcoin from Bitfinex, has made his first public statement since his 2022 arrest. In a five-minute video posted to X (formerly Twitter) on Thursday, Lichtenstein reiterated that he was the hacker and that he [...]

U.S. Listed Spot Bitcoin ETFs on the Verge of Surpassing Gold ETFs

By |2024-12-19T10:10:16+00:00December 19, 2024|Liquidity Pools|

The year 2024 has marked a significant breakthrough for digital assets, particularly for bitcoin (BTC), driven by increased institutional adoption. This shift has occurred through two key avenues: first, the integration of bitcoin into public balance sheets as a treasury asset, and second, the success of U.S. spot-listed exchange-traded funds [...]

How Wall Street’s Relationship With Bitcoin Will Transform in 2025: 5 Predictions

By |2024-12-18T20:08:19+00:00December 18, 2024|Liquidity Pools|

When Michael Saylor announced MicroStrategy's conversion of $250 million in Treasury reserves to bitcoin in August 2020, Wall Street analysts dismissed it as a reckless gamble. "Superior to cash," Saylor declared of bitcoin at the time, drawing skepticism from traditional banking circles. Yet today, those same banks that sneered at [...]

Fed Cuts Interest Rates by 25 Basis Points, Bitcoin Slips Below $104K on Hawkish Tone

By |2024-12-18T19:14:46+00:00December 18, 2024|Liquidity Pools|

The U.S. Federal Reserve lowered its benchmark fed funds rate by 25 basis points to the 4.25%- 4.50% range, its third consecutive easing move this year and now marking a total of 100 basis points of rate cuts since September. Market participants had fully expected Wednesday's move by the central [...]

Out With the “Altcoin,” in With the Asset Class

By |2024-12-18T17:23:09+00:00December 18, 2024|Liquidity Pools|

Following the U.S. presidential election, crypto’s headwinds have seemingly dissipated. Since early November bitcoin has reached $100K amid regulatory wins such as the nomination of crypto-friendly Paul Atkins to replace Gary Gensler as SEC chair, the naming of crypto advocate David Sacks as the incoming White House “AI and Crypto [...]

Coinbase Says It Nixed wBTC Because Justin Sun Posed ‘Unacceptable Risk’

By |2024-12-17T21:07:51+00:00December 17, 2024|Liquidity Pools|

Coinbase delisted wBTC "due to the unacceptable risk" that the top bitcoin stand-in on Ethereum "would fall into the hands of Justin Sun," the exchange said Tuesday in response to a lawsuit over its decision. Market observers had previously read between the lines of Coinbase's November nixing of wBTC. At [...]

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