Cathie Wood Bets Again On Peter Thiel-Backed Crypto Platform, Ark Picks Up Stock Worth $3 Million – Bullish (NYSE:BLSH)

On Tuesday, Cathie Wood-led Ark Invest made significant moves by acquiring shares in Bullish (NYSE:BLSH). This strategic decision highlights Ark’s continued confidence in the digital asset platform, following its recent financial performance.

The Bullish Trade

Ark Invest’s acquisition of Bullish shares on Tuesday was executed through two of its ETFs. The ARK Innovation ETF (BATS:ARKK) purchased 80,124 shares, while the ARK Fintech Innovation ETF (BATS:ARKF) acquired 5,648 shares. With Bullish closing at $34.80, the total value of these trades amounted to approximately $2.98 million.

Bullish came out with an impressive third-quarter earnings report in November, where the company…

Read more on Benzinga

Bitcoin Price Nears $90K As Trump Shrugs Off Dollar Concerns

The bitcoin price rallied sharply into the close on Tuesday, surging above $89,400 after trading as low as $87,100 earlier in the day, according to Bitcoin Magazine Pro data, as markets reacted to fresh remarks from President Donald Trump on the U.S. economy.

The late-day move came as Trump, speaking in Iowa, dismissed concerns over the weakening U.S. dollar, telling supporters he was “not concerned” about its decline and insisting the dollar was “doing great.” The comments triggered an immediate reaction across markets, with the dollar sliding further and alternative stores of value catching a bid.

Gold climbed to a new all-time high of $5,223 per ounce at the time of…

Read more on BitcoinMagazine

Tom Lee: Gold And Silver Are ‘Sucking Oxygen’ Out Of Bitcoin, Ethereum

Fundstrat’s Tom Lee says the metals rally is “sucking oxygen” out of Bitcoin (CRYPTO: BTC) and crypto markets, but predicts a surge for cryptocurrencies nonetheless.

Why Crypto Isn’t Rallying Despite Bullish Fundamentals

Lee said on CNBC on Monday that crypto prices are stuck despite improving fundamentals: it’s a simple case of money flowing to where the action is.

Gold crossed $5,000 and silver hit $110—the kind of massive moves that traders pile in to catch the momentum—money that would normally flow into crypto.

Many traders use borrowed money or options to amplify their bets.

When they’re doing that in gold and silver, they’re tying up their capital and can’t use it…

Read more on Benzinga

Steak ’n Shake Adds $5 Million In Bitcoin Exposure

Steak ’n Shake has increased its Bitcoin exposure by an additional $5 million in notional value, continuing what the company calls its ongoing “burger-to-Bitcoin transformation.”

In a post on X, the restaurant chain said all Bitcoin-denominated sales continue to flow into its Strategic Bitcoin Reserve (SBR), which it describes as a self-sustaining system designed to boost restaurant performance while expanding its BTC holdings.

“Our self-sustaining system — improving food quality that grows same-store sales that then grow the SBR — is transforming the chain via financial technology,” the company wrote.

The latest increase follows a $10 million BTC exposure…

Read more on BitcoinMagazine

Bitcoin Braces For FOMC Interest Rate Decision: Is A Hawkish Surprise Coming?

Bitcoin (CRYPTO: BTC) remains range-bound around $88,000, but traders are bracing for potential volatility and downside risk.

Bitcoin And FOMC: A Complicated Story

Historically, Bitcoin has reacted negatively around FOMC meetings with around 9% drop the last time.

Crypto chart analyst Ali Martinez noted that in 2025, BTC fell after seven of eight Fed decisions.

A 15% spike in May 2025 was the exception.

With January 2026 rate-cut odds extremely low (~2.8%), policy easing appears unlikely, keeping downside risks elevated.

FOMC weeks have consistently delivered higher volatility and post-announcement weakness, making caution essential.

First FOMC Of 2026: What Traders Are Watching

Trader Andrew…

Read more on Benzinga

South Dakota Proposes Bill Allowing State To Buy Bitcoin

South Dakota Republican Rep. Logan Manhart has introduced House Bill 1155, a proposal that would permit the state to invest public funds in Bitcoin. 

The legislation, formally filed in the 101st Legislative Session, allows the State Investment Council to allocate up to 10% of state funds available for investment to BTC, marking a potential first for the state in adopting crypto as part of its investment strategy.

The bill outlines multiple options for holding BTC safely. State funds could be held directly by the Investment Council through a secure custody solution, entrusted to a qualified custodian, or acquired in the form of exchange-traded products (ETPs) issued by…

Read more on BitcoinMagazine

US Probes $40M Crypto Heist By Federal Contractor’s Son

Members of the U.S. government are investigating allegations that tens of millions of dollars in cryptocurrency seized by law enforcement were stolen through insider access at a federal contractor, according to public statements from officials.

The U.S. Marshals Service (USMS) confirmed to CoinDesk that it is investigating claims that more than $40 million in confiscated digital assets were siphoned from government-linked wallets. 

The allegations center on Command Services & Support (CMDSS), a Virginia-based technology firm contracted by the USMS to manage and dispose of certain categories of seized cryptocurrency.

Blockchain investigator ZachXBT alleged that John…

Read more on BitcoinMagazine

39% Of U.S. Merchants Now Accept Crypto, Survey Finds

Crypto is no longer niche bar-talk. It has become a part of mainstream commerce in the United States.

A new survey conducted jointly by the National Cryptocurrency Association (NCA) and PayPal reveals that nearly 4 in 10 U.S. merchants (39%) now accept digital assets at checkout, with overwhelming consensus that crypto payments will become a standard option within the next five years.

The survey, which polled 619 payment decision-makers across retail, e-commerce, hospitality, luxury goods, and digital gaming sectors, highlights customer demand as the primary driver of adoption. 

Nearly nine in ten merchants (88%) report receiving inquiries from customers about paying with…

Read more on BitcoinMagazine

The First Meme To Hit $1? Neither Dogecoin, Nor Shiba Inu, Traders Say

Pudgy Penguins (CRYPTO: PENGU) has traded mostly flat over the past month, even as fundamental developments strengthen the meme coin’s longer-term outlook.

CryptocurrencyTickerPriceMarket Cap7-Day TrendPudgy Penguins(CRYPTO: PENGU)$0.009500$597.3 million-3.5%Dogecoin(CRYPTO: DOGE)$0.1222$20.6 billion-2.5%Shiba Inu(CRYPTO: SHIB)$0.057666$4.5 billion-1.9%

Trader Notes: Altcoin Sherpa said PENGU is not an attractive short at current levels, as it’s trading in a high-volume zone with relatively strong fundamentals.

He favours accumulation in the highlighted buy area, noting that while meme coin hype has cooled, PENGU could outperform when Bitcoin’s trend improves. Sherpa also disclosed he…

Read more on Benzinga

Samourai Letter #3: Notes From The Inside

Dear Reader,

Since my last letter where I tried to explain the underground economy of FPC Morgantown I have been struggling to come up with an idea of what further information you may be interested in.

In modern life on the outside we are all so used to immediate feedback on everything we do. We write and publish an article and almost instantly comments start to roll in. You push to Twitter and the peanut gallery chimes in and has their say, and you as the content creator have an immediate idea of the general sentiment surrounding your work.

It takes some getting used to not having that modern feedback loop, but on the other hand it is quite liberating as well. All that said…

Read more on BitcoinMagazine