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First Mover Asia: Bitcoin Retreats, Quickly Regains $30K Perch as Investors Mull ETF Timing, Inflation

June 29, 2023 Bitcoin (BTC) retreated from its recent highs on Wednesday, briefly dipping below $30,000 before rebounding to trade just above that level. The...

BlackRock Lauds AI as ‘Mega Force’ to Drive Returns

Executive Summary In a recent report, BlackRock Investment Institute (BII) has identified artificial intelligence (AI) as a “mega force” that will drive returns for investors...

Price Analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin (BTC) Bitcoin (BTC) continued its bullish momentum on June 28, as the price broke above the $31,000 resistance level. The move higher was likely...

Italy’s Central Bank Calls for Framework to Prevent Stablecoin Runs

Introduction The Bank of Italy, the country's central bank, has called for a "robust, risk-based" regulatory framework for stablecoins. The bank's governor, Ignazio Visco, said...

Bitcoin ETF Race Gets Hotter as ARK Invest Adds Surveillance Agreement to Application

The race to launch the first Bitcoin exchange-traded fund (ETF) in the United States is heating up, with ARK Invest adding a surveillance sharing...

MicroStrategy Buys $347M Worth of Bitcoin Amid Market Thaw

Introduction On June 28, 2023, software analytics firm MicroStrategy announced that it had purchased an additional 12,333 Bitcoin (BTC) for a total of $347 million....

CFTC Issues $54M Default Judgment Against Trader in Crypto Fraud Scheme

Introduction The Commodity Futures Trading Commission (CFTC) has issued a default judgment against Michael Ackerman, a resident of Alliance, Ohio, for operating a fraudulent digital...

Will Bitcoin Ever Trade Below $27,000 Again?

Bitcoin has been on a wild ride in recent years, with its price soaring to record highs in 2021 before crashing back down in...

Bitcoin Miners Send Record $128M in Revenue to Exchanges

What Happened? On June 27, 2023, Bitcoin miners sent a record $128 million in revenue to exchanges. This is equivalent to 315% of their daily...

Will $30K be a new springboard for Bitcoin bulls?

Bitcoin has been trading sideways for the past few months, after a sharp decline from its all-time high of $69,000 in November 2021. However,...

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