Blackstone, a leading alternative asset manager, makes its first foray into cryptocurrency with a $1 million investment in BlackRock’s spot Bitcoin ETF (IBIT). Explore the details of this strategic move and its implications for the crypto market.
Tag: Bitcoin Adoption
KindlyMD Merger with Trump-Linked Nakamoto Holdings: A Deep Dive
KindlyMD shareholders greenlit a merger with Nakamoto Holdings, led by Donald Trump’s crypto advisor David Bailey. This article explores the merger details, the motivations behind it, and the broader trend of companies accumulating Bitcoin.
Bitcoin Open Interest Soars to Record High: Bulls Aim for New Price Peaks
Bitcoin’s open interest reaches an all-time high, signaling increased leverage and potential for a breakout. Key factors include institutional demand, short liquidation risks, and macroeconomic uncertainty.
NYC Mayor Eric Adams Launches Crypto Advisory Council to Boost City’s Digital Economy
New York City Mayor Eric Adams has announced the creation of a digital advisory council focused on cryptocurrency and blockchain technology. The council aims to attract jobs and investment, positioning NYC as a global crypto hub and exploring the use of blockchain for city services.
Bitcoin Price Prediction: $110K Breakout Could ‘Vaporize’ Shorts
Bitcoin is approaching a potential price discovery phase above $110,000, which could trigger the liquidation of over $3 billion in short positions. Analysis suggests a bullish trend supported by technical indicators and market dynamics.