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Hawkish FOMC Meet Triggers Bitcoin Outflows: Investment Products Bleed $621M

A hawkish-than-expected FOMC meeting drove investors to scale back their exposure to fixed-supply assets, which in turn resulted in digital assets investment products seeing outflows of $600 million. This represented…

Continue ReadingHawkish FOMC Meet Triggers Bitcoin Outflows: Investment Products Bleed $621M

Bitwise Predicts Crypto and AI to Boost Global GDP by $20 Trillion by 2030

Bitwise, a U.S. spot Bitcoin ETF issuer, predicted that the combined forces of the cryptocurrency industry and artificial intelligence (AI) could inject $20 trillion into the global GDP by 2030.…

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MicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700 Million

Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s…

Continue ReadingMicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700 Million