Bitmine bought $234 million of ether in its largest weekly purchase this year, closing in on Strategy's regular bitcoin buys once the firm's STRC-fueled spikes are stripped out.
Cooling U.S. demand, elevated Bitfinex whale positioning and a key on chain rejection point to short term downside during the Las Vegas Bitcoin conference.
The 175-year-old money-transfer firm also plans to issue a stablecoin-linked card for payments and cash-out options from crypto to local currencies, CEO Devin McGranahan said.
Two of the network’s core developer teams, Anza and Jump Crypto’s Firedancer, have landed on the same solution: a new type of digital signature called Falcon.
Low trading volume and a lack of conviction from big-money bettors could leave the bitcoin rally on shaky ground, said 10x Research head Markus Thielen.
Despite muted prices to start the second quarter, the report said improving onchain metrics and network activity point to a market finding its footing.
Bill C-25, the Strong and Free Elections Act, cleared second reading Friday and heads to committee as Conservative lawmakers raise but don’t challenge the proposed ban on bitcoin contributions
Strategy, the largest corporate holder of bitcoin in the world, now holds 818,334 BTC, which it said it purchased for nearly $62 billion at an average price of roughly $75,537 per token.