Transaction URL: https://bithomp.com/explorer/9008EAE0085428F5F5143F040C0826991CBB366715378FC9D4CD123A332018CA
- Crunch
- Global
If the above statement offends you, you might not have read the Bitcoin source code.
Follow Rizzo on X.
https://x.com/pete_rizzo_/
Of course, I’m sure you’ve heard that there are 21 million bitcoin – and this is true, the Bitcoin protocol allows for only “21 million bitcoin” to be created, yet these larger denominations can be subdivided into 100 million sub-units each.
Call them whatever you want, there are only 2.1 quadrillion monetary units in the protocol.
This dollars and cents differential has long been the subject of…
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If we’re trying to celebrate Christmas, then we need to bring out some green to even out the red this morning.
Kraken’s Thomas Perfumo already warned us last week that we could see some pullbacks ahead of the holidays, and that seems to be ringing true right now. Whether or not we see the selling countered is another story.
But I’m not actually here to talk about markets. Or, I should say, I’m not talking about what the markets are doing today.
Keep this chart in mind if you’re obsessively watching bitcoin’s price right now. Source: Coinbase Institutional
Earlier this week,…
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With Bitcoin now making six-figure territory feel normal and higher prices a seeming inevitability, the analysis of key on-chain data provides valuable insights into the underlying health of the market. By understanding these metrics, investors can better anticipate price movements and prepare for potential market peaks or even any upcoming retracements.
Terminal Price
The Terminal Price metric, which incorporates the Coin Days Destroyed (CDD) while factoring in Bitcoin’s supply, has historically been a reliable indicator for predicting Bitcoin cycle peaks. Coin Days Destroyed measures the velocity of coins being transferred, considering both the holding duration and the quantity of…
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Tokyo-listed Metaplanet Inc. has successfully raised 9.5 billion yen ($60.6 million) this week, through two separate bond issues aimed at accelerating its bitcoin acquisition efforts. The company issued a 5 billion yen ($31.9 million) fifth ordinary bond, following an initial 4.5 billion yen ($28.7 million) bond earlier in the week. Remarkably, both bonds are zero-interest and are set to mature by June 16, 2025.
Simon Gerovich, CEO of Metaplanet, announced on the social platform X that the raised funds would enable the firm to advance its Bitcoin purchases, originally slated for 2025, to the current year. This strategic move underscores the firm’s aggressive push into cryptocurrency investment.
Having declared bitcoin a strategic treasury reserve asset earlier in May, Metaplanet has been actively increasing its Bitcoin holdings. As of December 18, the firm’s portfolio boasted approximately 1,142.287 BTC, valued at around $110.3 million, highlighting its commitment to embedding cryptocurrency at the core of its financial strategy.
The U.S. Securities and Exchange Commission (SEC) has officially approved dual Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. This move marks a significant expansion in institutional access to the two largest cryptocurrencies through spot-based investment options. The approved funds include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF.
Franklin Templeton’s filing, submitted today, was granted expedited approval after meeting commodity-based trust share standards. The approval of these ETFs follows recent predictions from Bloomberg analysts who anticipated the SEC’s green light for both Bitcoin and Ethereum.
Looking ahead, analysts speculate that Litecoin could be next in line for ETF approval, with its status as a Bitcoin fork possibly positioning it as a commodity. Despite ongoing regulatory uncertainty around Solana and XRP ETFs, the approval of these major crypto ETFs is a promising sign for the future of digital asset investment.