JPMorgan Chase & Co., the largest bank in the United States, has revealed its substantial Bitcoin exchange-traded fund (ETF) holdings. The disclosure includes a variety of investments in different Bitcoin ETFs, showcasing the bank’s significant involvement in the cryptocurrency market. JPMorgan Chase Reveals Bitcoin ETF Holdings The report highlights 25,021 shares of Bitcoin Depot Inc., valued at…
In an interview with Pirate Wires, Jack Dorsey, CEO of Block Inc., unveiled his forecast for Bitcoin, envisioning its value surpassing $1 million by 2030. This bold assertion isn’t merely focused on the cryptocurrency’s price. Dorsey is captivated by the vibrant ecosystem that propels its growth. Why Jack Dorsey is Bullish on Bitcoin Dorsey believes…
EigenLayer will kick off its EIGEN token airdrop this Friday, stirring considerable interest and debate across the cryptocurrency community. Despite high anticipation, the launch has drawn criticism for excluding participants from the US, Canada, and China and its distribution methods. EigenLayer Conducts EIGEN Airdrop Following its recent $165 million funding boost from a16z Crypto, Eigen…
Robinhood Markets Inc. showcased a resilient performance in the first quarter of 2024. It has transitioned from a significant loss last year to posting its second consecutive quarterly profit. The company announced on Wednesday that its net income reached $157 million. This achievement marks a stark turnaround from a net loss of $511 million in…
The US House of Representatives has taken a significant step toward reshaping the regulation of digital assets by passing Representative Mike Flood’s bipartisan resolution, H.J.Res. 109, on May 8. This resolution seeks to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121, which has been a point of contention within the financial…
The US House of Representatives has taken a significant step toward reshaping the regulation of digital assets by passing Representative Mike Flood’s bipartisan resolution, H.J.Res. 109, on May 8. This resolution seeks to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121, which has been a point of contention within the financial…
Core Scientific, a Texas-based Bitcoin mining company, has announced impressive gains in both revenue and profitability for the first quarter of 2024. It reported a revenue of $150 million from digital asset mining, marking a 46% increase in its gross margin. The company’s success results from strategic efficiency and is a part of the broader…
In a significant move that could redefine financial transactions on Bitcoin (BTC), Lightning Labs is preparing to introduce stablecoins and other tokenized assets. Elizabeth Stark, CEO of Lightning Labs, announced this development during her appearance at FT Live’s Crypto and Digital Assets Summit in London. Lightning Labs Unveils Plan to Integrate Stablecoins on Bitcoin Network…
Bank of America has issued a timely warning to investors: resist the urge to sell in May, particularly ahead of the upcoming Consumer Price Index (CPI) report. This advice comes as the CPI data for April 2024, set to be released by the US Bureau of Labor Statistics on May 15, looms large over financial…
Pantera Capital projects an astonishing ascent for Bitcoin, estimating its value at $117,000 by August 2025. This price prediction hinges on historical data surrounding Bitcoin halvings — a phenomenon that halves the reward for mining a block on the network. Pantera Capital’s Bitcoin Price Prediction In a recent report, Pantera Capital suggests that post-halving periods herald…