🇺🇸 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.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin miner Marathon Digital partners with Kenya on renewable energy projects

Bitcoin mining firm Marathon Digital Holdings is partnering with Kenya's Ministry of Energy and Petroleum (MOEP) on several renewable energy projects. Marathon Digital and the MOEP will come up with a series of bitcoin-based renewable energy projects in Kenya. To facilitate that work, the two groups will establish a committee charged with steering the development and implementation of those energy-related projects across the African nation, according to a joint statement.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin white paper returns to Bitcoin.org website

The Bitcoin white paper has been reuploaded to the Bitcoin.org website after Craig Wright’s unsuccessful court attempt to prove he is Satoshi Nakamoto, the protocol’s pseudonymous creator. Hennadii Stepanov, the maintainer of the Bitcoin.org website, announced the return of the Bitcoin white paper by sharing a link to the white paper PDF on platform X.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Robert Kiyosaki Advises Buying Bitcoin Before Price Explodes — Warns of Bonds Crashing

Rich Dad Poor Dad author Robert Kiyosaki has warned investors about the bond market crashing, urging them to invest in “safer real assets,” like bitcoin, before their prices “explode.” He criticizes financial planners for promoting bonds as safe investments, predicting significant losses for investors when AAA bonds and commercial real estate crash. Meanwhile, Kiyosaki expects bitcoin’s price to reach $2.3 million.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 JPMorgan casts doubt on SEC approval for Solana and other crypto ETFs

JPMorgan is skeptical about the United States Securities and Exchange Commission approving Solana and other crypto exchange-traded funds now that Ethereum ETFs have been approved. Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, told The Block that the investment bank doubts the SEC will approve such funds given its stance that most cryptocurrencies are securities.

Source

https://hottg.com/Bitcoin_Crypto_Signals

🪙 Bankrupt Mt. Gox trustee said it is not selling Bitcoin

The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) today. The trustee clarified in a May 28 statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors with fiat currency, Bitcoin, and Bitcoin Cash. While fiat currency payments have already begun, creditors have not received digital asset payments.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Dormant Bitcoin Address Awakens After a Decade, Moves $9.8 Million in BTC

After a much quieter April, May has witnessed numerous dormant bitcoin addresses becoming active after years of inactivity. Notably, a significant holder from 2010 reappeared this month, spending 2,050 BTC from a cache of block rewards. Additionally, $9.6 billion in Mt Gox bitcoins was transferred on Tuesday morning. On the same day, May 28, 2024, at block height 845,533, another entity decided to transfer 145.89 BTC worth $9.8 million from a dormant 2013 address.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin addresses with positive balances surpass 52.5 million amid strong growth since 2020

The number of addresses with a non-zero balance provides insights into the market forces and user adoption. The data from Glassnode shows a notable increase in addresses holding Bitcoin, surpassing 52.5 million in 2024. This growth signifies rising interest and engagement in the digital assets ecosystem. Notably, periods of price volatility are accompanied by shifts in address balances, reflecting investor behavior.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 BlackRock’s IBIT continues to lead net inflows in spot bitcoin ETFs

Spot bitcoin exchange-traded funds in the U.S. recorded a total daily net inflow of $28.32 million on Wednesday. The funds continued to log their 12th consecutive day of inflows, marking the longest streak since the last week of February. The inflows were led by BlackRock’s IBIT, which drew in $24.5 million worth of funds according to data from SoSoValue. Grayscale’s GBTC saw net outflows of $31 million.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Babylon secures $70 million to turn Bitcoin into PoS security backbone

Babylon, the Bitcoin staking protocol, has successfully closed a $70 million funding round led by Paradigm, with significant contributions from Bullish Capital and Polychain Capital. This pre-launch funding aims to support team growth, research, and development ahead of Babylon’s mainnet launch. The funds will be used to advance Babylon’s scalable staking and restaking features, unlocking value from the idle $1+ trillion Bitcoin ecosystem and positioning Bitcoin as the security backbone of Proof-of-Stake (PoS) systems.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Kraken experiences largest outflow with $1.6 billion in Bitcoin transactions

Kraken, the digital asset exchange, recently experienced its largest outflow in dollar value, with approximately $1.6 billion being transferred out of the platform on May 30, according to Glassnode data. According to Arkham Intelligence Transaction data, this significant movement was executed through five transactions from Kraken’s deposit to an external address: three transactions of 6,000 BTC each and two transactions of 5,000 BTC each. The transferred Bitcoin, totaling roughly 28,000, is currently held in the address “bc1q.”

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Over 90% of Bitcoin supply remains profitable despite market volatility

Bitcoin’s current market trends show a nuanced interaction between price fluctuations and the profitability of entities holding the asset. Recent data from Glassnode reveals a substantial portion of Bitcoin holders remain in profit despite recent volatility — with over 90% of the supply being profitable as of May. This trend indicates that holders are maintaining their positions amid market swings, reflecting a resilient support level for the flagship digital asset.

Source

https://hottg.com/Bitcoin_Crypto_Signals

🪙 Mt. Gox Bitcoin Moves Will Cause No Immediate Selling Pressure: CryptoQuant

Analysts from the market intelligence platform CryptoQuant say the recent bitcoin (BTC) moves by the defunct crypto exchange Mt. Gox are no cause for alarm and would cause no immediate selling pressure on the digital asset. According to the latest weekly report from the analytics firm, the transfers were executed between Mt. Gox’s trustee addresses and are not a sign that creditor repayments have begun.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 British-Chinese Woman Sentenced to 6 Years for Laundering Bitcoin in $6B Scam

In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, aged 42, was found guilty in March of laundering Bitcoin on behalf of her former boss, Yadi Zhang, whose real name is Zhimin Qian.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitfarms mining revenue drops 45% to $7 million in first full month after Bitcoin halving

Bitcoin miner Bitfarms released its latest monthly production data, which highlights the Bitcoin halving effect on the company’s bottom line and raises concerns about industry consolidation. In its monthly update, Bitfarms said it earned 156 BTC in May, a 42% drop from the previous month and down 66% year over year. Of that earned, it sold 136 BTC for total proceeds of $8.9 million (down from $16.1 million in April) as part of the company’s regular treasury management process.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin options positioned for potential price breakout above $74,000 this month

Recent large buys of bitcoin call options with a strike price above $74,000 for June expires lead analysts to speculate that many investors are betting that prices will rise above $74,000 by the end of the month. "Our desk saw strong bullish follow-through with significant bitcoin option call buying for June expiries, indicating positioning in the options market for a decisive break above $74,000 all-time-highs this month," QCP Capital analysts said.

Source

https://hottg.com/Bitcoin_Crypto_Signals

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💰 Bitcoin perpetual funding rates fluctuate with market sentiment in 2024

Bitcoin futures perpetual funding rates provide valuable insights into the market’s current forces. Throughout 2024, these rates have fluctuated, reflecting trader sentiment and market volatility. However, the start of Q2 market turbulence led to several instances where funding rates turned negative, signifying a shift towards bearish sentiment. Notably, these negative funding rates often coincided with significant price drops, suggesting traders’ anticipation of further declines.

Source

https://hottg.com/Bitcoin_Crypto_Signals