UAE’s holdings were previously speculated to be around 420,000 Bitcoin from sources such as criminal seizures. The new figures are far less impressive.
Tom Lee calls Ether bottom ‘in next few hours’ as BitMine buys 4,871 ETH
Fundstrat’s Tom Lee called out Ether’s bottom as BitMine bought $21 million more during the crash, bringing total holdings to 1.72 million ETH.
Crypto trader claims MEXC asked them to fly to Malaysia to unfreeze $3.1M
A crypto trader claiming to have $3.1 million unfairly frozen on MEXC claims they were offered to fly to Malaysia in person to address the situation, which they have declined.
Altseason won’t start until more crypto ETFs launch: Bitfinex
While most look at historical patterns and Bitcoin dominance, Bitfinex analysts say that the start of an altcoin season may hinge on the launch of crypto ETFs.
ETF issuers must be picky as most crypto is ‘pretty sketchy’ — REX CEO
REX Financial CEO Greg King says the crypto market gets dicey “below the top 10” and ETF issuers should carefully choose what tokens to turn into funds.
Altcoins make Bitcoin better by acting as beta testers: Tim Draper
Altcoins allow developers to test new functions and applications, which eventually make it onto Bitcoin, says American venture capital investor Tim Draper.
Crypto liquidations hit $900M as Bitcoin sheds Jackson Hole gains
Bitcoin plunged to seven-week lows below $109,000 briefly, erasing all gains since the Fed Chair’s Jackson Hole speech on Friday.
Semiconductor company Sequans is raising $200M to buy Bitcoin
French chipmaker Sequans has said it is looking to accumulate 100,000 Bitcoin within five years in an aggressive treasury strategy.
Canary Capital files 'American-Made' crypto ETF amid SEC delays
Canary Capital has filed for a US-only crypto ETF, aiming to track an index of American-rooted digital assets as the SEC weighs other fund applications.
Bitcoin futures demand rises even as BTC sells off: What gives?
Bitcoin’s recovery hinges on the resumption of the spot ETF inflows and investors’ ability to compartmentalize the whale selling and focus on fundamentals.