Author: Anthony M. Orbison
South Korea’s Ethics Commission revealed that high-ranking public officials in the country hold an average of 35.1 million won ($24,000) in crypto assets. On March 27, the country’s Ethics Commission for Government Officials reportedly disclosed that more than 20% of the surveyed public officials hold 14.4 billion won ($9.8 million) in crypto. This means 411 of the 2,047 officials subjected to the country’s disclosure requirements hold crypto assets. The highest amount disclosed was 1.76 billion won ($1.2 million) belonging to Seoul City Councilor Kim Hye-young. The officials held different crypto assets, including Bitcoin (BTC), Ether (ETH), XRP (XRP), Dogecoin (DOGE), Luna Classic (LUNC)…
GameStop‘s Bitcoin strategy has shocked many investors right now as the gaming retailer announces plans to follow Strategy’s Bitcoin reserves approach. The move has sparked immediate and heated debates about GME price forecast amid the growing crypto market volatility, with analysts currently divided on whether this Bitcoin strategy will ultimately boost or perhaps even sink GameStop stock in the coming months.Source: sec.govOn March 25, 2025, GameStop’s board unanimously approved adding Bitcoin as a treasury reserve asset, potentially utilizing portions of its $4.6 billion cash reserves for such investments.Also Read: Bitcoin Reserves a ‘Time Bomb’—Russian Economist Warns of 50% CrashHow GameStop’s…
US President Donald Trump’s trade war with China and efforts to ramp up on-shore Bitcoin mining will be a boon for US mining rig manufacturers, which currently only hold a small sliver of market share compared to their major Chinese counterparts. The United States accounts for over 40% of the Bitcoin network’s global hashrate but still leans heavily on China-made mining rigs. China-based Bitmain reportedly holds as much as a 90% market share in the Bitcoin mining manufacturing market. “Trump’s continued focus to support the US BTC mining industry highlights the urgent need to address US reliance on foreign technology,” Auradine’s chief…
Bitcoin reserves have been labeled a “ticking time bomb” by Russian economist Valentin Katasonov, who is, at the time of writing, warning of a possible 50% bitcoin crash amid rising cryptocurrency market risks and also growing market volatility concerns.Also Read: Pepe (PEPE) & DogWifHat (WIF) Price Prediction For April 2025Russian Economist Predicts Bitcoin Crash Amid Market VolatilitySource: Watcher GuruKatasonov, who currently serves as the Chairman of the S. F. Sharapov Russian Economic Society, has cautioned against Russia developing national bitcoin reserves. The economist has also compared such initiatives to “laying landmines” in the economy, which could potentially trigger cryptocurrency market…
BItcoin (BTC) retains a $138,000 price target for 2025 as the market recovers from US trade tariffs, new analysis concludes.Data covering bets on prediction service Polymarket suggests that BTC/USD could still gain around 60% from current levels this year.“Conservative” Polymarket users cap BTC price upside at 60%Bitcoin bull market projections have taken a beating this quarter thanks to multiple setbacks impacting crypto and the wider risk-asset spectrum.Now, an assessment of all potential BTC price outcomes on Polymarket concludes that the bull market cycle may be capped at around 60% before 2026.The results were uploaded to X by user Ashwin on…
According to the data from Farside Investors, BlackRock’s spot Bitcoin (BTC) ETF, IBIT, purchased $107.9 million worth of BTC on Mar. 26. The purchase may have been the reason for BTC briefly reclaiming the $88,000 level. The growing institutional interest in the asset has led to substantial price spikes.Also Read: Jim Cramer Calls to Sell Alphabet (GOOGL) Stock: Here’s WhyCryptocurrency Market RecoverySource: Watcher GuruThe cryptocurrency market may be entering another recovery phase. BTC’s rally to $88,000 may have triggered a brief market-wide rally on Mar. 26.Other bullish developments may have also aided the market rally. The SEC has dropped its…
Since US President Donald Trump’s inauguration on Jan. 20, Bitcoin (BTC) has swung from a record high of $109,000 to below $78,000 as major tariff announcements from the US and retaliatory moves from trade partners shaved off chunks of the market value of cryptocurrencies and rattled global markets.“The back-and-forth on tariffs, with Trump sometimes tough and sometimes accommodating, has left markets in a limbo state, where few people are willing to be decidedly bullish but just as few are willing to part with their assets, fearing to be left on the sidelines at the next rally,” Justin d’Anethan, head of…
Over 27,740 Bitcoin (BTC) worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue their inflow streak, suggesting that institutional demand is making a comeback. Is the Bitcoin bull run about to resume? Bitcoin exchange outflows hit 7-month highBitcoin is making another attempt at a technical breakout above $90,000 as supply on exchanges continues to decrease. Bitcoin: Net flow to exchanges. Source: GlassnodeA closer look at the data reveals that a considerable chunk of these withdrawals was made by whales, or entities holding at least…
France-based The Blockchain Group has added another 580 Bitcoin to its Bitcoin treasury, following a 225% surge in its stock price since it began hoarding Bitcoin in November.This is the largest of the three Bitcoin purchases made by the organization, per a March 26 after-hours statement. At the time of publication, 580 Bitcoin is worth $50.64 million, with Bitcoin’s (BTC) price trading at $87,311, according to CoinMarketCap data.First purchases at pivotal Bitcoin momentsThe Blockchain Group’s first two Bitcoin purchases happened around significant milestones for the Bitcoin industry. It bought 15 BTC on Nov. 5, the same day Donald Trump won…
Prominent US-based angel investor Jason Calacanis poked fun at GameStop’s decision to invest in Bitcoin.In a March 26 X post, Calacanis suggested that buying Bitcoin (BTC) was a solution well-suited for public companies that do not have a suitable business model:“If you’re a public company that can’t figure out a business model, buy Bitcoin! This might actually be great advice if [Strategy co-founder Michael Saylor] is gonna buy $1T in Bitcoin.”Still, Tomas Fanta, principal at crypto investment firm Heartcore, told Cointelegraph that there are tangible long-term benefits to holding Bitcoin on a corporate balance sheet. Among those he listed were…