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Harvard University is making headlines after dramatically boosting its Bitcoin exposure through spot ETFs, signaling growing confidence in digital assets. New SEC filings show the university now holds over 6.8 million shares of BlackRock’s IBIT, worth about $442.8 million, marking a sharp 257% jump from the previous quarter. The move positions Harvard among the largest institutional holders of Bitcoin ETFs and reflects a strong vote of confidence in crypto’s long-term potential.
Harvard also expanded its alternative-asset strategy by nearly doubling its gold holdings through the GLD ETF, now valued at $235 million. Market analysts see these parallel investments as a strategic hedge amid ongoing monetary policy uncertainty. The shift is especially notable for an endowment long known for its conservative approach and carries weight due to Harvard’s global influence in institutional finance.
Bitcoin ETFs continue to attract massive inflows, with BlackRock’s IBIT leading the sector and surpassing $19.4 billion in assets. Other institutions, including Brown University, are following suit, underscoring accelerating adoption of crypto across traditional finance.
Bitcoin price slid to fresh six-month lows on Friday, breaking decisively below the psychological $100,000 mark and intensifying a sell-off that has wiped out nearly a quarter of its value in just over a month.
By midday, the bitcoin price was trading between $94,000 and $97,000, its weakest level since early May and a steep fall from October’s $126,296 all-time high, according to Bitcoin Magazine Pro data.
At the time of writing, the bitcoin price is at $94,850 but it bounced off of levels at $94,000.
The drop caps off a chaotic week across global markets, where risk assets, from tech giants to crypto stocks, have tumbled amid collapsing expectations for a Federal…
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American Bitcoin (NASDAQ: ABTC), the cryptocurrency mining firm backed by Eric Trump and Donald Trump Jr., reported a strong third quarter.
American Bitcoin posted revenue of $64.2 million, a 453% year-over-year increase, while net income soared to $3.47 million, reversing a $576,000 loss in the same period last year.
The Miami-based miner, which became a standalone public entity after spinning out from Hut 8 and merging with Gryphon Digital Mining, has aggressively scaled its operations.
During Q3, American Bitcoin expanded its mining capacity roughly 2.5 times to 25 exahash per second (EH/s), with its fleet achieving an efficiency of 16.3 joules per terahash… Read more on BitcoinMagazine
Amid a wave of panic in crypto markets, rumors surfaced Friday that Strategy (MSTR) was selling its bitcoin holdings as both BTC and MSTR stock tumbled.
Executive Chairman Michael Saylor quickly dismissed the chatter, telling CNBC, “We are buying bitcoin,” and promising that the company’s next purchases will be reported Monday. He added that Strategy is “accelerating [its] purchases” and suggested investors could be “pleasantly surprised” by recent activity.
The rumors stemmed from on-chain movements showing BTC leaving company-controlled wallets, coinciding with a brief drop in bitcoin below $95,000, its lowest level in roughly six months.
Saylor, however,…
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Bitcoin price fell sharply today, sliding from an intraday high of $104,000 to $94,480, wiping out earlier gains and marking a decisive breakdown in price action.
Twelve hours ago, the Bitcoin price hit above $100,000 and then consistently bled down from the upper $101,000s to lows of $94,480.
Ethereum dropped below $3,100 at times and crypto stocks like Coinbase ($COIN) and Strategy ($MSTR) are trading in the red in pre-market trading.
Also, the Bitcoin Fear and Greed Index has plunged to a new “Extreme Fear” low, signaling deep market anxiety even as long-term holders stay the course.
The price dropped to these levels after weeks of weakening demand, heavy long-term holder…
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Aave Labs has secured authorization under Europe’s MiCA framework, becoming one of the first major DeFi projects to operate a regulated fiat-to-crypto service across the EEA. The approval, issued by the Central Bank of Ireland to Aave’s subsidiary Push Virtual Assets Ireland Limited, allows users to convert euros directly into crypto assets, including Aave’s native stablecoin GHO, with zero listed fees.
Ireland is quickly emerging as a key hub for compliant crypto services, following similar MiCA approval recently granted to Kraken. The development arrives as global stablecoin supply exceeds $300 billion, highlighting rising demand for regulated, fiat-linked digital assets across Europe.
Aave Labs said the Push service will provide a transparent, audited on- and off-ramp designed to ease dependence on centralized exchanges. With Aave processing over $542 million in 24-hour volume and more than $22.8 billion borrowed across its lending pools, the ability for a DeFi-native protocol to run a compliant fiat bridge marks a major milestone for mainstream crypto adoption.
Lendasat, a Bitcoin-native peer-to-peer lending platform, announced today the launch of Lendaswap, an atomic swap exchange enabling instant, non-custodial trades between Bitcoin and stablecoins across Ethereum and leading EVM-compatible chains.
Powered by the Arkade protocol, Lendaswap uses HTLC-based atomic swaps — a technology similar to that of the Lightning Network — to deliver a seamless experience for anyone looking to swap BTC and stablecoins “without giving up self-custody, creating accounts, or relying on wrapped tokens,” according to a press release shared with Bitcoin Magazine.
Lendaswap will support Ethereum and Polygon at launch, with planned expansion to…
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