🔸️ Bitcoin News

2024-05-07 18:54:58 US Bitcoin ETFs see record outflows as Hong Kong counterparts thrive

According to the report, the market saw an outflow totaling $251 million, with the Newborn Nine spot Bitcoin ETFs accounting for over 60%, or $156 million, of these flows. A breakdown of the flows showed that Fidelity’s FBTC saw the highest outflow amount, with $131 million exiting the fund, followed by Ark 21 Shares’ ARKB, which saw outflows amounting to $84 million.

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2024-05-07 08:40:14 Bitcoin miner Marathon's market cap rises $800 million as stock jumps 18%

On the heels of S&P Global announcing Marathon Digital would be added to a small-cap stock index, the bitcoin miner's shares rose by 18% on Monday, boosting the company's market capitalization by about $800 million, according to Ycharts data. Marath0n Digital's shares closed the day's trading at $20.67, according to Yahoo Finance. The company's market capitalization rose to $5.5 billion from Friday's market capitalization of $4.7 billion, according to Ycharts data.

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2024-05-06 20:20:23 Bitcoin surpasses one billion transactions processed, eight hundred weeks after launch

Eight hundred weeks and one day after Bitcoin launched on January 3, 2009, with the minting of its genesis block, the world's most valuable cryptocurrency has surpassed one billion processed transactions. launched on January 3, 2009, with the minting of its genesis block, the world's most valuable cryptocurrency has surpassed one billion processed transactions.

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2024-05-05 20:31:26 Crypto has been 'validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec

Pantera Capital’s Franklin Bi told The Block that crypto has been ‘validated significantly’ with this year’s spot bitcoin ETF approval in the U.S., solidifying institutional investors’ conviction in the industry. This year's approval of spot bitcoin exchange-traded funds in the U.S. has provided substantial validation for the crypto industry, according to Pantera Capital general partner Franklin Bi, as the crypto venture capital firm is raising a new mega $1.25 billion fund.

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2024-05-05 07:45:11 Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January

The Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin (BTC) without directly purchasing the cryptocurrency. But it got competition in January when it was converted into an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading. GBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin to around 290,000 bitcoin, according to fund data compiled by CoinDesk.

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2024-05-04 17:40:29 Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges

Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event. In its April operational report, Marathon revealed that it produced 850 BTC, marking a notable 21% increase on the year-on-year metrics. This uptick is primarily attributed to the 15% boost in its operational hashrate, now standing at 21.1 exahash.

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2024-05-03 19:30:35 Bitcoin holds above $59,000 as short liquidations spike

Bitcoin short liquidations spiked above $24 million in the past 24 hours as the price rebounded from a multi-month low of below $57,000 on Monday. A total of $33 million in bitcoin positions were liquidated in the past 24 hours amid the volatility. The wider cryptocurrency market experienced over $112 million in liquidations during the same period. Of these combined crypto liquidations, the vast majority — around $70 million — were short positions, according to Coinglass data.

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2024-05-03 07:30:42 Texas A&M Professor Korok Ray presents that Bitcoin “is the first time in the history of human kind where we see the value of scarcity illustrated”

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2024-05-02 20:30:44 Former PayPal President David Marcus says Bitcoin is “going to be the native currency of AI”

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2024-05-02 08:35:10 MicroStrategy launches an enterprise platform for building decentralized identity applications on Bitcoin — MicroStrategy Orange

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