Bitcoin’s upward trend continued to show signs of weakness early Wednesday, even as Wall Street tech stocks surged overnight in anticipation of upbeat earnings from AI giant Nvidia (NVDA). The leading cryptocurrency by market value traded near $108,900 at press time, teasing a downside break of a trendline characterizing the uptrend from early April lows, … Read more
Bitcoin retraced back to $108,900, 0.6% down in the last 24 hours, after a crypto whale withdrew over $130.68 million worth of the crypto from Binance. According to Coinglass data, BTC’s price movements cut over $26 million from long traders and $19 million from short positions intraday. At around 6 AM UTC on Wednesday, blockchain … Read more
Key takeaways: XRP’s falling wedge pattern signals a bullish reversal; 48% price surge potential. SEC’s review of WisdomTree’s XRP ETF could spark investor interest as approval odds jump to 84% on Polymarket. XRP price is forming a falling wedge pattern on the daily chart, a technical chart formation associated with strong bullish momentum following an … Read more
Nasdaq officially filed for 21Shares to list a spot SUI ETF in the US on 23 May 2025. Importantly, the filing means the beginning of a US Securities and Exchange Commission (SEC) review process. The 21Shares SUI ETF must launch with two key regulatory filings: the S-1 registration (filed on 30 April 2025) and the … Read more
Our baseline scenario is that US tariffs on China will likely stay around current levels after the 90-day truce. The tit-for-tat tariff war in April and subsequent truce indicate more caution on both sides. Even in case of aggressive tariff re-escalation, exemptions will likely be considered to mitigate business impact, Standard Chartered’s economists note. What … Read more
TLDR Crypto analyst EGRAG predicts XRP market cap could reach up to $1.5 trillion based on “W” formation pattern XRP price could potentially hit $25.56 if market cap reaches $1.5 trillion target Currently trading around $2.3 with a market cap of $135.3 billion Technical indicators show XRP facing resistance at $2.36 level Price might decline … Read more
Bitcoin ETFs extended their winning streak to nine straight days, raking in $385 million even as some major funds posted outflows. Ether ETFs kept pace with their sixth consecutive inflow day, adding $38.77 million. Bitcoin ETFs Defy Holiday Lull With $385 Million Inflow, Ether Funds Extend Streak Not even Memorial Day could dampen the bullish … Read more
GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin for $513 million, according to a statement posted May 28 on the company’s X account. The announcement is GameStop’s first publicly acknowledged Bitcoin (BTC) purchase since March, when the company disclosed plans to move into Bitcoin investment. … Read more
Key Takeaways GameStop acquired 4,710 Bitcoin in a strategic shift to include crypto in its financial strategy. The company raised $1.5 billion through convertible notes for this Bitcoin purchase. GameStop announced Wednesday that it had acquired 4,710 Bitcoin in its first-ever crypto purchase, officially joining a growing list of publicly traded companies embracing digital assets … Read more
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