Bitcoin (BTC) Defends $103K Amid Sharp Altcoin Losses – Market Update
Bitcoin (BTC) briefly dipped below $103,000 earlier today, but bullish momentum helped the leading cryptocurrency rebound, pushing it back above this key level. Despite this defense, the broader altcoin market is suffering significant losses, with several major tokens deep in the red. Bitcoin Holds the Line at $103K After opening the week with a rally […]
Over $5B Set for Distribution to FTX Creditors Beginning May 30
The FTX Recovery Trust has confirmed that over $5 billion will be distributed to eligible creditors beginning May 30, 2025, marking a major step in the collapsed crypto exchange’s ongoing bankruptcy proceedings. This upcoming payout is the second major distribution phase and will cover claims from various classes of creditors, as the estate continues efforts […]
Why the State of Wisconsin Investment Board Dumped $321M in BlackRock’s Bitcoin ETF
The State of Wisconsin Investment Board (SWIB), a key institutional investor managing assets for Wisconsin’s retirement and public investment funds, has unexpectedly exited its position in BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT). According to its latest SEC filing, SWIB no longer holds any IBIT shares—previously worth over $321 million. Early […]
Analysts Say Bitcoin Metrics Point to Extended Bull Run as Price Stays Over $100K
Bitcoin continues to trade above the $100,000 mark, signaling strength and stability as on-chain metrics align in favor of a prolonged bull market, according to multiple analysts. On May 14, CryptoQuant researcher Axel Adler noted that Bitcoin’s realized price—the average price at which all BTC was last moved on-chain—sits at around $45,000. This significant gap […]
Ethereum Foundation Announces Massive Trillion-Dollar Security Push
On May 14, the Ethereum Foundation revealed its boldest initiative yet — the “Trillion Dollar Security Initiative” — a comprehensive effort to elevate Ethereum’s security to support trillions of dollars in value on-chain. The initiative aims to make Ethereum a civilization-scale infrastructure, capable of securely underpinning the internet and global economy. The Foundation envisions a […]
Semler Scientific Reports $65M Loss, Doubles Down on Bitcoin With 3,808 BTC
Despite posting a significant $64.7 million net loss for the first quarter of 2025, Semler Scientific continues to aggressively expand its Bitcoin strategy. As of May 13, the healthcare technology firm revealed it now holds 3,808 BTC, currently valued at approximately $395 million. In its latest performance update, the company reported a 22% Bitcoin yield […]
30 Months and Counting: Binance Maintains Over 100% Bitcoin Reserve Ratio
Binance, the world’s largest cryptocurrency exchange by trading volume, has officially maintained a Bitcoin reserve ratio above 100% for 30 consecutive months, reinforcing its long-standing commitment to transparency and financial stability. Verified Reserves at 102% in Latest Snapshot In its most recent proof-of-reserve (PoR) update, captured at Bitcoin block height 894,668, Binance reported holding 616,886 […]
ETH Withdrawals Spike to $1.2B Weekly as Ethereum Price Climbs
Over the past week, Ethereum (ETH) has reversed its recent downtrend, staging an impressive rally to price levels last seen in mid-February 2025. This upward momentum coincides with a surge in on-chain activity, particularly large-scale ETH withdrawals from centralized exchanges—often a bullish signal for long-term holding behavior. ETH Withdrawals Spike to $1.2B Weekly According to […]
USDT on Tron Surpasses Ethereum as it Hits $73.8B Milestone
The Tron network has made history by surpassing Ethereum in terms of Tether (USDT) stablecoin supply for the first time ever. According to data from CryptoQuant, the circulating supply of USDT on Tron’s TRC-20 network has soared to $73.8 billion, outpacing Ethereum’s $71.9 billion and highlighting Tron’s growing dominance in high-volume stablecoin transactions, particularly in […]
Buyers Push Realized Price Higher, Strengthening Bitcoin’s Uptrend
Bitcoin (BTC) continues to display strong bullish momentum, with both technical and on-chain indicators supporting the case for a sustained uptrend. Despite minor intraday dips, buyers are steadily pushing the realized price higher, reinforcing confidence in the ongoing rally. Realized Price Rise Signals Growing Market Confidence A key indicator fueling this optimism is Bitcoin’s rising […]
