Solana's price hovers around $142 with growing institutional interest as BlackRock launches a fund on its platform and Fidelity files for a spot ETF.
Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, signaling the firm's latest push into digital assets amid a more favorable crypto regulatory climate under the Trump administration.The $5.8 trillion asset manager plans to launch the stablecoin through its cryptocurrency division, Fidelity Digital Assets, according to a March 25 report by the Financial Times citing anonymous sources familiar with the matter. The stablecoin development is reportedly part of the asset manager's wider push into crypto-based services.
BlackRock, the world's largest asset manager and now a major player in the broader crypto landscape, is making headlines again with the upcoming launch of its first Bitcoin exchange-traded product (ETP) in Europe.
Bitcoin is at an important crossroads, and understanding where it could go next is key for anyone watching the market. The price is currently testing some critical levels, and there are a few things to keep an eye on in the short term.
This legislation marks a significant step forward for the state's stance on digital assets. It secures essential protections for individuals and businesses involved in the crypto space.
GameStop adds Bitcoin to treasury with unanimous board approval. GameStop will use a portion of its cash reserves, and potentially future debt or equity, to invest in Bitcoin.
GameStop adds Bitcoin as treasury reserve asset, sending stock up 6% after hours while reporting $131 million in profits for 2024.
On Tuesday, its technology partner, Securitize, announced that BlackRock's blockchain-based money market fund, BUIDL, is expanding to Solana. This move follows the launch of BlackRock's USD Institutional Digital Fund last year.
Shift in capital flows reflects strong bullish sentiment, highlighting Bitcoin's resilience.
Bitcoin is hovering close to $88,000, nearly 10% above its bull market low of $76,600. Crypto traders are less fearful now, sentiment has improved, relative to the past few weeks, according to the Fear & Greed Index.
GameStop, the video game retailer that gained meme-stock status, is reportedly preparing to invest in Bitcoin.
Bitcoin traded slightly higher on Wednesday, hovering around $87,284.50 as of 01:15 ET (05:15 GMT), with market participants awaiting clarity on impending U.S. trade tariffs. Investors remain cautious amid fears that the recent rally could be a bull trap, where a short-lived price increase misleads traders before a sharp drop.
Bitcoin (BTC) may be losing momentum after forming a bearish double top pattern on short-term charts. The leading cryptocurrency peaked near $87,400 last week, then dropped to around $84,000 before briefly recovering above $87,000only to stall again.
Prominent American entrepreneur Jason Calacanis is throwing shade at GameStops surprising move to adopt Bitcoin as a reserve asset. The 54-year-old angel investor quipped, If youre a public company that cant figure out a business model, buy Bitcoin!a jab that quickly made waves on social media.
The future of Solana-based ETFs, and the broader Solana ecosystem by extension, looks promising. Key founders have recently outlined expectations for the network and the potential performance of its highly anticipated Solana-based exchange-traded fund.
In a significant move for the video game retail giant, GameStop announced on Tuesday that its board has unanimously approved a plan to use corporate cash reserves to invest in the crypto market's largest cryptocurrency, Bitcoin (BTC). This decision mirrors a strategy made by the now Bitcoin proxy company Strategy (previously Microstrategy) by MicroStrategy, which has made headlines for its substantial Bitcoin acquisitions led by its co-founder Michael Saylor.
United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector.
Bitcoin trades above $87,600 as Fidelity files for a Solana ETF and GameStop updates policy to hold BTC—boosting institutional crypto momentum. The post Bitcoin Nears $88,000 as Fidelity Files Solana ETF and GameStop Opens to BTC appeared first on Cryptonews.
GameStop, the video game company, announced that its board of directors unanimously voted to add Bitcoin to its treasury reserves. GameStop has become a meme stock through its online popularity and association with non-traditional forms of finance.
Crypto markets have added $400B since early March, but a bearish rising wedge pattern, high correlation with U.S. stocks, and macroeconomic risks suggest the rebound may be a bull trap.
GameStop is shaking things up. Indeed, the board of directors of the video game giant has just approved the addition of bitcoin to its treasury.
The wider altcoin market, led by Ethereum (ETH), has signaled a possible momentum shift following the recent Bitcoin (BTC) price pump towards $87.5k.
GameStop has announced that its board of directors has unanimously approved a plan to invest the company's capital in Bitcoin. The move follows the path set by Strategy (formerly Microstrategy), a company that in recent years has accumulated billions of dollars in cryptocurrency. After the announcement, GameStop's stock rose by over 6% in after-hours trading.
North Carolina legislators have introduced a pair of bills that could pave the way for the state's retirement funds to include cryptocurrency, including Bitcoin, as part of their investment portfolios. The post North Carolina Lawmakers Propose Investing State Pension Funds in Bitcoin appeared first on Cryptonews.
“Call skew hasn't meaningfully shifted toward calls, with call skew only emerging from June onwards, suggesting traders are waiting to see how the tariff situation develops,” one trading desk said.
GameStop Corporation is making its move into crypto with plans to invest part of its multibillion-dollar cash reserve into Bitcoin and stablecoins.
Prominent American entrepreneur Jason Calacanis is not impressed by GameStop's Bitcoin pivot.
Bitcoin miners can finally breathe: their revenues stabilize at 3.6 billion dollars, despite the Bitcoin halving in April 2024. But behind this apparent calm, a storm is brewing.
BitMEX co-founder Arthur Hayes believes that it is now in the cards for Bitcoin (BTC) and Ethereum (ETH) to witness sustained rallies en route to new all-time highs.
Bitcoin (BTC) climbed nearly 5% in the past week, reclaiming key support levels over the past three days. The recent bullish momentum has sent BTC toward the $88,000 mark, with some analysts suggesting a reclaim of its previous price range could be near.
The double top pattern typically requires confirmation through a decisive drop below the "neckline," the support level between the two peaks, which lies around $80,000 to $84,000 based on recent price action.
Solana's rising transaction volume and cost efficiency fuel its potential to overtake Ethereum.
Solana (SOL) has recently struggled to secure the $148 support level, with the altcoin unable to hold above this critical barrier. Despite an 11% increase over the last four days, the price remains stuck under $148, and bearish signals are becoming more prominent.
Bitcoin has climbed back to $88,500 after settling at $87,256, a fresh breather to cheer the investor's mood. However, blockchain analytics firm Santiment warns that excessive bullish sentiment on social media often signals a market correction.
Bitcoin has started the week maintaining relative stability, with its price currently hovering around $87,000 despite a minor 0.4% dip over the past 24 hours. The crypto asset showed upward momentum earlier in the week, briefly rallying beyond $88,000.
GameStop has officially entered the crypto space by approving a new investment policy that allows it to hold Bitcoin and stablecoins.
Marion Laboure, managing director and macro strategist at Deutsche Bank, stated that she viewed Trump's bitcoin reserve move as nothing new, just a continuation of the crypto evolution that started last year. She also noted that many cryptocurrencies were destined to crash.
Global asset manager Calamos Investments, overseeing $41.3 billion in assets, made its crypto debut this year with the launch of three bitcoin-focused funds. Designed to shield investors from Bitcoin (BTC) volatility, these structured ETFs have already attracted over $100 million, largely from financial advisors.
Strategy (NASDAQ: MSTR), formerly MicroStrategy, continues to lead as the top equity pick for investors seeking Bitcoin exposure, according to Compass Point Research. The firm praised Strategys strategic capital raises and disciplined approach to accumulating Bitcoin, despite ongoing market volatility.
Bitcoin traded around $88,000 on Tuesday, holding recent gains fueled by optimism over U.S. trade policy and large Bitcoin transfers by defunct exchange Mt. Gox. The worlds top cryptocurrency edged 0.1% lower to $88,167.5 by 5:00 p.m.
Bitcoin is facing technical headwinds despite recent recovery efforts. Currently trading at $87,124, down 0.44% on the day, BTC has formed a mini-death crossan intersection between the 50-day and 100-day exponential moving averages (EMAs).
At the Exchange conference in Las Vegas, Dominic Rizzo, global technology portfolio manager at T. Rowe Pricea firm managing over $1 trillion in assetsshared a bullish view on bitcoin.
GameStop (GME) has officially joined the growing list of publicly traded companies adding Bitcoin to their balance sheets. In its fourth-quarter earnings report, the company revealed that its board of directors unanimously approved adopting Bitcoin as a treasury reserve asset.
Fidelity Investments has taken a major step toward launching a Solana (SOL) exchange-traded fund (ETF), according to a new filing with the U.S. Securities and Exchange Commission (SEC). Cboe Exchange submitted a 19b-4 form on behalf of Fidelity, seeking approval to list the Solana ETF.
Bitcoin and Ethereum are poised to suffer their worst first quarter in years unless they can pull off a huge rally in the next few days.Ether (ETH) has dropped 37.98% so far over the first quarter of 2025, its worst Q1 decline since 2018, when it plunged 46.61%, according to CoinGlass data. Meanwhile, Bitcoin (BTC) is down 6.49% so far over the quarter, which is slated to end on March 31 — marking its worst Q1 performance since 2020, when it saw a 10.83% decline.
Crusoe Energy, a company that captures waste gas from oil to power high-performance compute, is selling its Bitcoin mining business to New York Digital Investment Group (NYDIG) to focus on artificial intelligence. In a March 25 announcement, Crusoe said it plans to sell its Bitcoin (BTC) mining operation, including its digital flare mitigation business, to NYDIG, subject to regulatory approvals and other consents.
Bitcoin has maintained its upward momentum since the week started, signaling renewed interest and optimism in the market. The asset reclaimed the $88,000 price level on Monday and continues to trade above this zone, marking a nearly 10% rise in value over the past seven days.
Bitcoin is beginning to show signs of recovery after weeks of heavy selling pressure and investor anxiety. Key technical levels have been reclaimed, and the overall market sentiment appears to be shifting from extreme fear to cautious hope.