Analysts Flag $79K Resistance After $766M Bitcoin Liquidation Wipes May Gains
Key TakeawaysBitcoin dropped nearly 10% to $74,027 on May 23 as a $766M liquidation event wiped BTC longs.Bitfinex analysts warn $79,000 acts as heavy breakeven resistance, capping near-term BTC recovery.Truth Social pulled its bitcoin ETF applications, citing fee...
Bitcoin Burn Wallet Absorbs $8.2M as Unknown User Destroys 107 BTC in Mystery Transfer
Key Takeaways.Timechainindex.com founder Sani flagged a 107 BTC burn on May 25 worth more than $8.2 million.Bitcoin burn wallet holdings reached 807 BTC, valued at nearly $62.15 million.Counterparty burned 2,131 BTC in 2014, fueling renewed proof-of-burn debate....
Bitwise Launches Canton ETP on Deutsche Börse
Key TakeawaysBitwise launched BWCC on Deutsche Börse, tracking Canton Network’s CC token.Goldman Sachs and Microsoft back Canton as tokenized finance gains institutional traction.Bitwise’s 0.85% ETP expands regulated access to blockchain infrastructure for capital...
Strategy Cuts $1.5B in Convertible Debt and Grows Bitcoin Holdings to 843,738 BTC
Key TakeawaysStrategy retired $1.5B of 2029 convertible notes for $1.38B cash, an 8% discount to par, on Tuesday.The debt buyback added 4,391 BTC in gains, bringing Strategy’s total holdings to 843,738 bitcoin.Strategy plans to rebuild its $871M USD Reserve through...Interesting 13
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