Bitcoin | Crypto

JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter. JPMorgan’s reported position in BlackRock’s Bitcoin exchange-traded fund increased by about 25% in the second quarter, while its Ether ETF position more than quadrupled, according to its latest securities filing. The Form 13F filing with the US Securities and Exchange Commission, submitted Wednesday, covers holdings as of June 30 and includes 17 other investment managers across JPMorgan. That makes it difficult to determine whether individual positions reflect a directional market view, Jonatan Randin, senior market analyst at PrimeXBT, told Cointelegraph. Read more

Its Aug. 13 filing covered 1.95 million call underlying-share equivalents at June 30, while account purpose remained unresolved. The post Bitcoin ETF calls surge 24-fold as puts fall 52.75%, reaching 1.95M IBIT underlying shares appeared first on CryptoSlate.

Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs. Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming. Key points: Insights published on onchain analytics platform CryptoQuant by community analyst “BorisD on Thursday said that leveraged long BTC positions are being flushed out as BTC/USD targets month-to-date lows. Read more

The S&P 500 reached 7,798.99 while Bitcoin hovered above a cost-basis fault line amid record-low spot activity. The post Bitcoin’s stall around $63,000 exposes how weak its buyers have become amid record high S&P 500 appeared first on CryptoSlate.

Nearly all of MSBT’s operating-period decline was unrealized as gross share contributions reached $371.1 million. The post Morgan Stanley’s Bitcoin ETF drew $371 million of share contributions while Bitcoin erased $66.8 million appeared first on CryptoSlate.

Bitcoin Red Team member Calle said Chinese models, including Moonshot AI’s Kimi K3, are finding bugs across Bitcoin’s open-source software.

Bitcoin joined US stocks in modest gains after July PPI inflation data continued a cooling trend seen over the past month. Bitcoin (BTC) edged away from weekly lows on Thursday after the US Producer Price Index (PPI) narrowly cooled in July. Key points: BTC/USD was up around 0.5% on the day near $63,900 with volatility broadly absent, data from TradingView showed. Read more

BTCI listed a 26.73% distribution rate, a 1.62% SEC yield and a negative 41.66% one-year NAV return. The post Goldman Sachs drops $2.25 billion to hijack the Bitcoin yield market and leapfrog BlackRock by 19x appeared first on CryptoSlate.

A future Bitcoin buyer may encounter the asset through a portfolio they already own. An adviser can add a small allocation, a brokerage account can hold a spot ETF, and future retirement products could place Bitcoin inside another familiar investment wrapper. Grayscale expects Bitcoin ownership to keep broadening as government deficits persist, blockchain finance reaches […] The post Why millions of everyday savers will soon own Bitcoin without ever downloading a crypto app appeared first on CryptoSlate.

Bitcoin’s weakness near range highs stems from short-term holders trying to break even on underwater BTC investments, Glassnode says. Bitcoin (BTC) recent buyers are the latest hurdle to a breakout from a stubborn trading range in place since June. Key points: In the latest edition of its weekly newsletter, crypto analytics platform Glassnode highlighted the ongoing significance of Bitcoin’s speculative investor base. Read more

Bitcoin traders are rebuilding bets on a run toward $70,000 while still paying for protection against a fall to $60,000, showing that softer US inflation data has done little to break the market’s defensive positioning. The split held after the Consumer Price Index rose 0.1% in July and 3.4% from a year earlier, while core […] The post How a wall of 1.79 million Bitcoin is quietly choking every attempt to break above $65,000 appeared first on CryptoSlate.

Arthur Hayes says a $60 billion Federal Reserve limit is the next liquidity trigger he wants to see before adding more aggressively to risk assets, such as Bitcoin. His Aug. 11 essay focuses on the standing Foreign and International Monetary Authorities Repo Facility, or FIMA. The facility allows approved foreign official accounts to raise dollars […] The post Arthur Hayes says a $60 billion Fed cap is Bitcoin’s next liquidity trigger and needed for a price surge appeared first on CryptoSlate.

Metaplanet CEO Simon Gerovich said no Bitcoin was sold after the company moved 5,014 BTC between custodial addresses for about $8 in fees. Metaplanet CEO Simon Gerovich has shut down speculation that the Japanese Bitcoin treasury company was selling its holdings. “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC,” Gerovich said Thursday. The company transferred 5,014 BTC ($322 million) over a 24-hour span starting Wednesday. Gerovich said the network fees to move the trove cost Metaplanet about $8. Read more

The fund booked $344,849 in option gains, yet its cited NAV, Bitcoin and IBIT declines start on different dates. The post BlackRock’s Bitcoin income ETF offset less than 30% of its $1.2M crypto losses with options appeared first on CryptoSlate.

Preliminary revenue reached about $79 million, yet HIVE cannot quantify the possible noncash accrual or its expected losses. The post Bitcoin miner HIVE’s $79M quarter runs into an $80M Swedish tax problem appeared first on CryptoSlate.

The Bank of Russia’s proposed gate caps non-qualified residents at ₽300,000 per broker while qualified investors retain broader access. The post Russia picks Bitcoin, Ethereum and USDT for public trading as retail faces $58,000 cap appeared first on CryptoSlate.

Bitcoin traders brace for CPI volatility as Deribit options target $70,000 while the $62,000–$66,000 range faces a decisive test. The post CPI Sets the Stage for Bitcoin’s Next Major Range Break appeared first on Cryptonews.

Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support. Bitcoin (BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data. Key points: Data from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains. Read more

Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile. It’s been five years since El Salvador became the first country to adopt Bitcoin as legal tender. President Nayib Bukele announced the plan at the Bitcoin conference in Miami on June 5, 2021, to the jubilant cries and applause of the Bitcoin community, who hailed the tiny Central American nation as living proof that BTC could be sovereign money. Bukele sold the experiment as a way to bank the unbanked, slash remittance costs, and attract investment to the impoverished nation. Read more

Bitcoin trades near $63,600, below the lowest Bitcoin price researchers tested against a modeled wind-powered mining operation in a new Energy Economics study. At that price level, their model shows no payback within six years under any curtailment scenario they ran. The study, by researchers at the Technological University of the Shannon, models a 20 […] The post Even if Bitcoin rises 30% a year this renewable mining model still loses money as hashrate keeps pace appeared first on CryptoSlate.