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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
💰 Healthcare tech company shares surge 27% after announcing plans to buy bitcoin with cash reserves
Medical device maker and healthcare technology company Semler Scientific announced Tuesday it plans to buy bitcoin with its cash reserves and, almost immediately, the company's shares rose by as much as 27%. Semler Scientific's board of directors had "adopted bitcoin as its primary treasury reserve asset" and "purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses," the company said.
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JUST IN: 💰 Michael Saylor gives one of the best explanations on the effects of a Bitcoin standard 🔥
“Every political party, every politician, every movement will find that they will be the best version of themself. They will be more effective, they will be more ethically grounded, they will be more technically grounded and they will be more economically grounded in pursuit of their mission if they embrace Bitcoin and a Bitcoin standard.”
- Michael Saylor
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🚀Top 10 Trending Coins Last 7 Days🚀
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💰 Strike CEO sees Bitcoin at $1m this cycle: ‘We’re still so early in the story’
Jack Mallers, the CEO of Strike, a Bitcoin (BTC) payments app, has made bold predictions about the price of the orange coin. Bitcoin could hit $1 million this bull cycle, he predicts. In a recent podcast with Anthony Pompliano on his YouTube channel, Mallers doubled down on his prediction that Bitcoin could reach $1 million per coin in the current market cycle. “We’re still so early in the Bitcoin story,” he said. “I think Bitcoin will hit $250,000 to $1 million in this cycle.”
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🇺🇸 Donald Trump says "I will ensure that the future of crypto and Bitcoin will be made in the USA…I will support the right to self custody to the nations 50 million crypto holders."
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💰 Bitcoin is up 200% since Jim Cramer said it is about to go down big
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🇺🇸 U.S. 💰 Bitcoin ETF Holdings Hit New High of More Than 850K Tokens
U.S.-listed spot bitcoin exchange-traded funds now hold a record 850,707 BTC in custody, beating a previous high above 845,000 from early April. Among those funds, Grayscale’s GBTC remains the biggest holder of bitcoin with 289,300 tokens worth more than $20 billion, followed closely by BlackRock’s IBIT at 283,200 and $19.6 billion, according to data tracked by HODL15Capital.
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💰 Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% decrease on May 9, 2024, coinciding with a hashprice lower than pre-halving levels. Hashprice refers to the estimated value of one petahash per second (PH/s) of hashing power per day.
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💰 CNBC discusses the possibility of a spot Solana ETF being approved after Ethereum.
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Top 5 Daily Gainers & Losers
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🚀Top 10 Trending Coins Last 7 Days🚀
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Top 5 Daily Gainers & Losers
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💰 Jaffe Tilchin and 4 other firms disclose spot Bitcoin ETF investments during Q1
Jaffe Tilchin Investment Partners was one of several firms that disclosed investments in spot Bitcoin ETFs on May 16. The Florida-based investment manager and insurance services advisor revealed it invested $11.3 million in spot Bitcoin ETFs during the first quarter — comprising $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC.
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🥇 Global Bitcoin ETFs surpass 1 million BTC under management
According to Bold.report data, all Bitcoin exchange-traded funds (ETFs) collectively hold over one million Bitcoin, a milestone first achieved on March 12. These ETFs are distributed across several countries, including the US, Sweden, Hong Kong, Germany, Switzerland, Canada, Brazil, and Australia. US-based ETFs lead the pack, with Grayscale GBTC holding roughly 292,000 BTC, followed by BlackRock IBIT with approximately 280,000 BTC, and Fidelity FBTC at 162,000 BTC. These three giants together hold approximately 734,000 BTC.
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Top 5 Daily Gainers & Losers
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JUST IN: 🇺🇸 SEC approves spot Ethereum ETFs.
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🪙 Ether options now biased toward calls for all expiries, analyst says
Amid renewed optimism for potential spot ether exchange-traded fund approvals, ether call options are more expensive than put options for all expires — indicating bullish market sentiment — an analyst said. "Put minus call skew is negative across all expiries and increasing further beyond the end-of-June expiry, quite a bullish signal — the basis has also increased to around 14% annualized, another bullish indicator," Deribit CEO Luuk Strijers said in an email sent to The Block.
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💰 Bitcoin Price to Soar as Japan’s Economy Worsens: BitMEX’s Arthur Hayes
The weakening Japanese yen could potentially lead to actions that drive up the price of bitcoin and other cryptocurrencies, according to former BitMEX CEO Arthur Hayes. His central argument revolves around the fact the Japanese yen has been rapidly weakening against the US dollar due to the large interest rate differential between the two currencies. This hurts Japan’s export competitiveness against China.
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🇺🇸 US SEC is asking for amended 19b-4 filings for spot 🪙 Ethereum ETFs: reports
Firms looking to list and trade shares of spot ether exchange-traded funds are being asked by the U.S. Securities and Exchange Commission to update and refile documents that are pivotal if those products were to be approved, according to news reports. Those filings, called Form 19b-4, are filed to let the SEC know about a proposed rule change and are among the documents that need the agency's greenlight before spot ether ETFs can become effective.
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💰 Skybridge's Scaramucci: Institutional Adoption of Bitcoin Is Happening Now
Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was the rate-limiting step for a lot of these large-scale institutions,” he detailed.
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💰 Bitcoin Selling Pressure Subsides as Demand Stabilizes: CryptoQuant
The price of bitcoin (BTC) has surged past the $60,000 level to the $67,000 zone due to news of a lower-than-expected inflation rate in the United States. According to the latest CryptoQuant weekly report, bitcoin’s latest rally has also been sustained by a recent decline in selling pressure. The fall in BTC selling pressure can be seen in the on-chain activity of short-term holders and the balances on over-the-counter (OTC) desks.
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🪙 Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures product and spot exchange rates — could also lead it to approve spot Ethereum ETFs.
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