Business – Page 586

Dormant BTC comes back to life as 4.65 million BTC re-enters circulation in 2025

For every buyer there is a seller, and in 2025 these sellers have been particularly active. Bitcoin has mostly traded sideways, swinging within a 20% range around $100,000 since the start of 2025. The prevailing narrative is that “OGs” or long-term holders have unloaded coins. That’s true, but how much bitcoin has actually changed hands? […]

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Tenerife Council to sell Bitcoin bought in 2012 after almost 10,000% price increase

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More than a decade after buying 97 bitcoins for €10,000 (about $11,500) as part of a research project, Tenerife’s local council is preparing to sell the cryptocurrency for nearly €10 million. The BTC was purchased in 2012 by the island’s Instituto Tecnológico y de Energías Renovables (ITER), a public technology center focused on renewable energy

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Aim to raise $160 million after raising BTC-linked preferred stock offering

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Strive (ASST), an asset management company building a bitcoin BTC$103,064.19 treasury, is looking to raise $160 million after increasing the initial public offering of 2 million of its Variable Rate Series A perpetual preferred stock (SATA) and pricing it at $80 per share. The offering, scheduled to close on November 10, was increased by 750,000

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Inflow of new liquidity has dried up: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Bitcoin BTC$103,028.98 continues to chop around $103,000, struggling to extend Wednesday’s rally from below $100,000. The CoinDesk 20 index is up 2% in 24 hours, along with 18% gains in ZEC, ICP and QNT. The crypto market currently resembles a game of musical chairs: Liquidity shifts

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Is another piece of Michael Saylor’s BTC strategy starting to fall into place?

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Another piece of strategy ( MSTR ) Executive Chairman Michael Saylor’s playbook appears to be taking shape after the company’s perennial favorite, Stretch ( STRC ), hit an all-time high of $100.10 on trading volume of 1 million shares. The milestone is important because it enables Strategy, the largest holder of bitcoin BTC$103,064.19to use its

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Franklin Templeton Debuts Tokenized Money Market Fund in Hong Kong

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Cryptocurrency-friendly investment firm Franklin Templeton introduced a blockchain-based money market fund for professional investors in Hong Kong and said it is also working on a version for retail investors as it looks to expand its footprint in Asia. The Franklin OnChain US Government Money Fund invests in short-term US government securities with shares represented as

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Trump Wants US As ‘Bitcoin Superpower’, Says Crypto Must Be Done Properly

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When he spoke at 13 ET Wednesday, day one of the two-day America Business Forum in Miami, Florida, President Donald J. Trump urged the United States to embrace crypto and outlined an ambition for American leadership. “We’re here … to embrace a vital industry here in Miami,” he said. Trump credited his administration with reversing

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Gains 5% After RLUSD Pilot, Technical Breakout Targets $2.50

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XRP rose 4.9% to $2.35 in Tuesday’s session, breaking through key resistance at $2.30 on nearly doubled institutional volume. The move marked the token’s strongest daily gain in a week and bettered a falling broader market, with traders now eyeing a clean push towards $2.50. News background Institutional flows rotated back into XRP as risk

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Includes $0.16 support as profit-taking caps Breakout

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Dogecoin edged 0.5% lower to $0.1657 in Wednesday’s session as institutional flows rotated near resistance following a 104% volume increase above daily averages. The token defended its ascending channel structure despite distribution pressure at the upper limit, keeping the short-term bias neutral-to-bullish above $0.16. News background Institutional positioning continued to define DOGE’s intraday structure. Large-cap

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Citi says Crypto’s weakness stems from slow ETF flows and fading risk appetite

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Wall Street bank Citi ( C ) said the latest bout of weakness in the crypto market comes despite a strong stock performance, with October’s sharp liquidations leaving a dent in investor confidence. The Oct. 10 selloff curtailed risk-taking not only among leveraged crypto traders, but also among newer investors in spot exchange-traded funds (ETFs),

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