Feed Items
Two major Russian insurance firms, Renaissance Life and BCS Life Insurance, have launched investment life insurance policies (ILIPs) linked to Bitcoin, according to a July 2 local media report.
According to the report, the innovative policies allow investors to gain exposure to BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF by assets under management.
These ILIPs are designed...
BlackRock’s spot Bitcoin exchange-traded fund IBIT has become the asset manager’s third-highest revenue-generating ETF just 18 months after its launch, according to data shared by Bloomberg senior ETF analyst Eric Balchunas.
Strategy Chairman Michael Saylor responded to the milestone by predicting that IBIT will soon become BlackRock’s number one revenue-generating ETF.
The IBIT fund has...
21Shares says June payroll surprise sets soft-landing stage that could catalyze Bitcoin beyond $200k
June US employment data exceeded forecasts and sets a macro backdrop that could send Bitcoin (BTC) past $200,000, according to a research note from Matt Mena, crypto research strategist at 21Shares.
The Labor Department reported that non-farm payrolls increased by 147,000 in June, surpassing the consensus estimate of 110,000, while the unemployment rate fell to 4.1% from 4.2%. Additionally, it...
Circle’s stock (CRCL) has dramatically outperformed Bitcoin since its June 5 listing on the New York Stock Exchange.
According to data shared by former BitMEX CEO Arthur Hayes, CRCL has surged nearly 472% relative to Bitcoin when indexed to its IPO date.
Circle CRCL Stock Performance Indexed Against Bitcoin (Source: Arthur Hayes)
The rally comes as Circle’s share price jumped from its $31 IPO...
Senator Cynthia Lummis filed a bill on July 3 that rewrites multiple sections of the Internal Revenue Code to govern how crypto users calculate, defer, and report taxable income.
The measure inserts statutory definitions for “digital asset” and “actively traded digital asset,” classifying any cryptographically recorded unit of value as property unless it merely mirrors a traditional financial...
Stablecoin issuer Tether has signed a Memorandum of Understanding (MoU) with Adecoagro S.A. to explore a strategic collaboration centered on renewable-powered Bitcoin mining, according to a July 3 statement.
Adecoagro, one of South America’s leading producers of sustainable agricultural goods and energy, is evaluating how its more than 230 MW of renewable energy capacity can be used to support...
The FTX Recovery Trust informed the Delaware bankruptcy court that it will treat creditor claims from 49 foreign jurisdictions as disputed, as local rules prohibit either crypto trading or the use of distribution agents.
According to a July 2 filing shared by FTX Creditor advocate Sunil Kavuri, the trust stated it cannot release funds to customers in those markets until a legal analysis confirms...
A consortium led by the founding forces behind Japan’s Metaplanet, known as the “MicroStrategy of Asia,” announced plans on July 3 to acquire Thailand’s DV8 Public Company Limited through a voluntary tender offer.
The cross-border alliance includes UTXO Management, Sora Ventures, Kliff Capital, Simon Gerovich, Moon Inc., AsiaStrategy, and Mythos Group. The transaction marks a significant move by...
An on-chain investigation has revealed that North Korea IT workers posing as foreign developers have earned nearly $17 million from crypto startups and blockchain companies this year.
The findings, revealed by prominent blockchain investigator ZachXBT, show that these individuals have successfully integrated into dozens of crypto projects by concealing their identities and locations.
According to...
The United States has reached a new milestone in money circulation, with the M2 money supply climbing to an all-time high.
M2, a key measure that includes cash, checking accounts, savings, and money market deposits, hit $21.94 trillion by the end of May. Year over year, M2 has grown by 4.5%.
US M2 Money Chart (Source: X/The Kobeissi Letter)
According to analysts from The Kobeissi Letter, this...