Bitcoin
USDT Issuer Tether Hits $1.5B Q2 Profit, Hoards 98,932 Bitcoin
The largest stablecoin company reported a $446 million market capitalization increase despite a general market slowdown in Q2. While most of USDT's collateral is still comprised of U.S. Treasury bills, the company grew its gold stash by 14 tons of physical gold, with a net revenue of $1.5 billion. Tether Releases Q2 Attestation, Reports $1.
Analysts back Strategy's cash buildup as Saylor shifts from ‘100% bitcoin' approach
TD Cowen and Benchmark reiterated buy on Strategy after an $8.2 billion Q2 loss and a corporate STRC-to-par push.
US bars imports from 43 companies over forced labor allegations, raising costs for solar-powered Bitcoin miners
The expanded trade blacklist could increase operational costs and supply chain complexities, impacting global mining and tech industries. US bars imports from 43 companies over forced labor allegations, raising costs for solar-powered Bitcoin miners.
Blackrock Drives 79% of Bitcoin ETFs $233M Inflow
Bitcoin ETFs attracted $233.13 million on Thursday, extending their recovery to a second straight session. Ether, XRP, and solana funds also finished in positive territory, while HYPE ETFs recorded no net flows. 7 Bitcoin Funds Gain as Blackrock Pulls $183.38M The institutional bid for bitcoin returned with force.
Bitcoin price sinks to 2-week lows as US stocks diverge from Asia
Bitcoin's decline amid diverging global markets highlights its vulnerability to macroeconomic shifts and tech sector volatility, impacting investor sentiment. Bitcoin price sinks to 2-week lows as US stocks diverge from Asia.
$700M in Bitcoin open interest added at recent lows signals aggressive positioning
The surge in Bitcoin open interest at recent lows could trigger a significant market shift, amplifying volatility and influencing future price trends. $700M in Bitcoin open interest added at recent lows signals aggressive positioning.
Bitcoin price sinks to 2-week lows as US stocks fail to copy Asia rebound
Bitcoin saw fresh downside pressure as US stocks tracked sideways into the end of the month, diverging from the relief bounce seen in Asia.
BlackRock clients net purchase $273M in Bitcoin this week
BlackRock's influence on Bitcoin ETFs highlights market volatility and underscores the need for sustained inflows to stabilize investor confidence. BlackRock clients net purchase $273M in Bitcoin this week.
Strategy reports wider-than-expected Q2 loss amid Bitcoin volatility
Strategy (NASDAQ:MSTR) shares fell 7% in pre-market trading after the company reported a wider-than-expected second quarter loss, largely driven by unrealized losses on its Bitcoin holdings. The company reported a net loss of $8.22 billion, or $24.45 per diluted share, for the three months ended June 30, compared with net income of $10.02 billion, or $32.60 per share, in the year-ago period.
Granite Protocol Listing Shows Bitcoin DeFi Is Still Building On Stacks
Granite Protocol has been listed on Borrow on Bitcoin, adding another lending route for users who want to put Bitcoin-linked collateral to work without
US Treasury Sanctions Iranian Firms Taking Bitcoin for Hormuz Passage
OFAC sanctioned two Iranian firms including Hormuz Safe, which “accepts payment in Bitcoin and other digital assets.”
Bitcoin Falls, but U.S. ETFs Post Their Best Performance in Three Weeks
Bitcoin remains under pressure despite a visible return of institutional investors. American spot ETFs attracted $233.1 million in one session, their best result in over three weeks.
