Today, history was made as President Donald Trump became the first US president to make a Bitcoin payment.

The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York City, to purchase some cheeseburgers (on National Cheeseburger Day) at the establishment, which was packed with Bitcoin enthusiasts there to welcome him.

“I think it’s a great place,” Trump said to Bitcoin Magazine about PubKey, before urging the types of Bitcoin enthusiasts who frequent the bar to vote this November.

“Get out and vote,…

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Fractal Bitcoin is a recently launched project that bills itself as “the only native scaling solution completely and instantly compatible with Bitcoin. In essence it is a merge mined system portraying itself as a second layer sidechain for Bitcoin, where multiple levels of “sidechains” can be stacked on top of each other. So think of a sidechain of the mainchain, a sidechain of the sidechain, a sidechain of the sidechain of the sidechain, etc. It is not.

Shitcoins Are Not Second Layers

Firstly, the entire system is built around a new native token, Fractal Bitcoin, that is issued completely independent of Bitcoin. It even comes with a massive pre-mine of 50% of the supply being split…

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The Federal Reserve made a significant decision today by cutting interest rates by 50 basis points, lowering the federal funds rate target range to 4.75%-5%. The move, the first substantial cut in over four years, reflects concerns over the state of the U.S. economy, despite continued reported economic expansion.

According to the Federal Reserve’s official statement, recent economic activity indicators show good growth, but job gains have slowed, and the unemployment rate has slightly risen. While inflation has made progress toward the Committee’s 2% target, it…

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As of September 18, 2024, U.S. Bitcoin ETFs experienced significant net flows, with a total increase of 2,302 BTC. BlackRock’s IBIT ETF remained steady at 357,550 BTC with no inflow. However, Fidelity’s FBTC ETF led the gains, adding 940 BTC, bringing its total holdings to 175,865 BTC.

On the downside, Grayscale’s GBTC ETF saw a significant reduction, losing 368 BTC, leaving it with 221,803 BTC. On the positive side, ARK Invest’s ARKB ETF grew by 699 BTC, reaching 45,707 BTC, while Bitwise’s BITB ETF added 752 BTC to reach 37,976 BTC. Smaller increases were recorded by Grayscale’s BTC ETF (+49 BTC) and VanEck’s HODL ETF (+85 BTC).

Franklin Templeton’s EZBC ETF gained 145 BTC, bringing its total to 6,901 BTC. Despite some fluctuations, the total Bitcoin held across all ETFs rose to 906,020 BTC, with a net value increase of $138.1 million. These movements reflect ongoing institutional interest in Bitcoin, with key ETFs continuing to accumulate despite market shifts.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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MicroStrategy, a leading business intelligence firm and major Bitcoin holder, has expanded its convertible note offering to $875 million, a 25% increase from the initially planned $700 million. Scheduled to mature in 2028, the notes will finance the redemption of $500 million in existing debt and further Bitcoin acquisitions. This strategic move underscores the company’s commitment to integrating Bitcoin into its financial operations and capital management strategy.

Just last week, the firm announced the purchase of an additional 18,300 BTC, totaling an investment of about $1.11 billion. This acquisition increased its Bitcoin holdings to approximately 244,800 units, bought at an average price of $38,585 per BTC. MicroStrategy’s continuous investment in Bitcoin supports its vision of long-term growth in cryptocurrency value and market integration.

The offering, available only to qualified institutional buyers, features a minimal interest rate of 0.625% per annum. Set to close on September 19, this development marks a significant step for MicroStrategy in securing institutional support and financial flexibility for its pioneering Bitcoin strategy.

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