Author: Anthony M. Orbison

Andrew Kang, founder of the crypto venture firm Mechanism Capital, has seemingly doubled down on his bet that Bitcoin will gain in price with a $200 million long position, onchain data shows. “Andrew Kang just doubled his Bitcoin position,” crypto analytics firm Arkham said in an April 12 X post. It explained a crypto address tied to Kang made another $100 million long bet on Bitcoin (BTC) with an expected profit, or loss, of $6.8 million.On April 9, Arkham noted that the Kang-tied wallet had put on a $100 million leverage-long bet on Bitcoin after US President Donald Trump posted to…

The US is exploring many ways to increase its Bitcoin reserve without taxpayer dollars, including through tariff revenue and revaluing the government’s gold certificates, according to the executive director of the Trump administration’s crypto council.“We’re looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this,” Bo Hines of the Presidential Council of Advisers for Digital Assets said in a recent interview with Professional Capital Management CEO Anthony Pompliano.Hines said the Treasury could revalue its gold certificates, valued at $43 per ounce, to the current market price of $3,200 per ounce,…

Gibraltar-based Xapo Bank, a private bank and Bitcoin custodian, reported a surge in Bitcoin trading volumes in the first quarter as its high-net-worth members scooped up Bitcoin amid market turbulence. Xapo Bank said that Q1 trading volume grew 14.2% compared to the Q4 2024, as the Bitcoin (BTC) price drop helped drive trading volume growth on its platform. It said that during the decline, its high net-worth members “actively bought the dip,” reflecting these members’ “commitment to the long-term potential of Bitcoin.”In the first quarter of 2025, Bitcoin had its worst start to a year since 2018, closing the quarter down…

The amount of Bitcoin held on the books of publicly traded companies rose by 16.1% in the first quarter of 2025, according to crypto fund issuer Bitwise.Total company Bitcoin (BTC) holdings rose to around 688,000 BTC by the end of Q1, with firms adding 95,431 BTC over the quarter, Bitwise reported in an April 14 X post.The value of the combined Bitcoin stacks rose around 2.2%, reaching a total combined value of $56.7 billion with a price per BTC of $82,445, the firm added.Source: BitwiseBitwise noted that the number of public companies holding Bitcoin rose to 79, with 12 firms…

Digital asset exchange-traded products (ETPs) saw almost $800 million in outflows last week, marking their third consecutive week, according to a report from crypto asset manager CoinShares. On April 14, CoinShares reported that crypto ETPs saw $795 million in outflows last week, with Bitcoin (BTC)-based products accounting for $751 million, while Ether (ETH) products followed with $37.6 million. While the major tokens saw increased outflows, some altcoins went against the flow, seeing small gains. These included XRP, Ondo Finance, Algorand and Avalanche. According to CoinShares, the total outflows of crypto ETPs since February have reached $7.2 billion, nearly wiping out the year-to-date (YTD)…

Stablecoin issuer Tether has announced it intends to deploy its existing and future Bitcoin hashrate to OCEAN’s Bitcoin mining pool in an effort to strengthen the network’s decentralization.“Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” Tether’s CEO Paolo Ardoino said in an April 15 statement.Source: OCEAN MiningWhile Bitcoin hashrate is decentralized, the block-building process conducted by mining pools is mostly centralized by a few dominant actors — most notably Foundry USA, AntPool and ViaBTC.The OCEAN protocol attempts to decentralize this process by empowering miners to build their own…

Bitcoin (BTC) bulls are trying to start the week on a positive note by pushing the price above $85,000. Michael Saylor’s Strategy has used the recent dip to buy 3,459 Bitcoin for $285.5 million at an average price of $82,618. That boosts the total holding of the firm to 531,644 Bitcoin purchased at an average price of $67,556.However, not everyone is bullish in the near term. Several institutional investors seem to have trimmed their holdings. CoinShares reported on April 14 that digital asset exchange-traded products (ETPs) witnessed $795 million in outflows last week. The $7.2 billion in outflows since February…

Bitcoin (BTC) reclaimed the $84,500 level on April 14, and the recovery appears partially fueled by the announcement of partial import tariff relief by US President Donald Trump. However, traders’ optimism faded on April 13 when it became apparent that the relaxation was temporary and that tariffs on the electronics supply chain could be revisited.Uncertainty surrounding the ongoing trade tensions between the US and China impacted Bitcoin markets, causing traders to lose some of their regained confidence. This explains why Bitcoin’s price failed to break above $86,000 and why BTC derivatives showed limited short-term potential, potentially setting the tone for…

US President Donald Trump hosted El Salvador’s President Nayib Bukele at the White House on April 14, with talks centered on trade and immigration, excluding Bitcoin from the public agenda.Pressing issues of migration and bilateral security cooperation set the tone of Bukele’s first official meeting at the White House during Trump’s second term. According to a livestream shared by Bukele’s office on X, Trump raised the possibility of transferring US citizens convicted of crimes to prisons in El Salvador, urging Bukele to expand the country’s prison system to house more prisoners. “I said homegrowns are next, the homegrowns. You gotta build…

Retail Access Confirmed for The Smarter Web Company’s IPO The Smarter Web Company is offering retail investors in the UK a rare opportunity to participate in its upcoming IPO—providing access to a digital services firm that is also integrating a Bitcoin treasury strategy as part of its long-term financial plan. Set to list on the Aquis Stock Exchange Growth Market on April 25, 2025, the company is raising up to £2 million through a combination of institutional and retail subscriptions. The retail offer is available via the Winterflood Retail Access Platform (WRAP) and will remain open until 5:00 p.m. on…