Brace for Bitcoin price surge as $3bn in shorts set for massive squeeze – DL News

Brace for Bitcoin price surge as bn in shorts set for massive squeeze – DL News

Bitcoin is up 15% in the last two weeks. Big-money players are mostly interested in Bitcoin. Profit-taking could dampen the price rally. Bitcoin is approaching a powder keg of shorts that could send its price rocketing to a new all-time high. Data from Coinglass shows a massive $3.1 billion in short interest stacked at the […]

Arizona Governor Vetoes First-in-Nation Bitcoin Reserve Measure

Arizona Governor Vetoes First-in-Nation Bitcoin Reserve Measure

Arizona’s measure to create a digital asset reserve explicitly allowing taxpayer-funded investments in Bitcoin and other cryptocurrencies was vetoed by Gov. Katie Hobbs (D) on Friday. The measure (S.B. 1025), which would have been the first law of its kind in the nation, would have allowed the state treasurer and public retirement systems to invest […]

Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined

Bitcoin ETFs, gov’t adoption to drive BTC to M by 2029: Finance Redefined

The cryptocurrency market continued its recovery in the past week as the total crypto market capitalization breached the $3 trillion mark for the first time since the beginning of March. Bitcoin (BTC) rose to an over two-month high of $97,300 last seen at the end of February, before the “Liberation Day” tariffs announcement in the […]

Sam Altman’s Start-Up Launches Eye-Scanning Crypto Orbs in the U.S.

Sam Altman’s Start-Up Launches Eye-Scanning Crypto Orbs in the U.S.

Spend enough time in San Francisco, peering into the cyberpunk future, and you may find that weird things start seeming normal. Fleets of self-driving cars? Yawn. A start-up trying to resurrect the woolly mammoth? Sure, why not. Summoning a godlike artificial intelligence that could wipe out humanity? Ho-hum. You may even find yourself, as I […]

U.S. Plans $21B Stock Selloff to Buy Bitcoin – Binance

U.S. Plans $21B Stock Selloff to Buy Bitcoin  Binance US Won’t Buy More Bitcoin Due to Debt, Says Arthur Hayes  The Crypto Times Gold revaluation could lead to US Treasury buying Bitcoin sooner than expected – Coinbase Exec  The Block Source link

US Won’t Buy More Bitcoin Due to Debt, Says Arthur Hayes

US Won’t Buy More Bitcoin Due to Debt, Says Arthur Hayes

BitMEX co-founder Arthur Hayes has expressed doubt that the United States will add more Bitcoin to its reserves, despite recent moves to create a strategic Bitcoin stockpile.  In a May 1 interview, Hayes pointed out that with the U.S. already holding 198,012 Bitcoin, worth over $18 billion, it’s unlikely the country will increase its holdings. […]

US Could Buy $100 Billion In Bitcoin This Year: Coinbase Exec

US Could Buy 0 Billion In Bitcoin This Year: Coinbase Exec

Sebastian Bea, president of Coinbase Asset Management, believes a technical change to the way Washington accounts for its gold could unlock enough budget-neutral capital for a strategic Bitcoin purchase approaching $100 billion—years ahead of market expectations. In a 40-minute appearance on The Scoop with Frank Chaparro released Wednesday, Bea framed the idea as hiding in […]