Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade

Bitcoin treasury companies Strategy and Strive bought about $183 million of BTC last week as the cryptocurrencys rebound helped corporate balance sheets recover losses.  Related Asset Bitcoin #1 BTC · $85,797.28 24-hour change: up 5.55% Loading price history… 24H Up 5.55% 7D Up 9.15% 30D Up 11.00%  Strategy Inc., the largest corporate holder of Bitcoin, acquired 950 BTC for $75.7 million between Sept. 14 and Sept. 20 at an average price of $79,670, according to a regulatory filing Monday. The purchase returned its holdings to 846,000 BTC, acquired for a total of $63.8 billion at an average cost of $75,416.  Strive Inc. separately bought 1,355 BTC for $107.7 million at an average price of $79,475 between Sept. 14 and Sept. 18, taking its treasury to 26,355 BTC. Cash and equivalents rose to $229.6 million over the same period.  Related Company Strategy Business intelligence software  Both purchases were made below Bitcoins latest market price. The token surged above $85,000 Monday, its highest level since January, extending a recovery of almost 30% from its August lows.  The buying stands out because the broader corporate treasury trade has slowed sharply. Listed companies added about 5,900 BTC over the past three months, Glassnode said in a report last week. That

09-22انڈسٹری

Litecoin price jumps 8%—can LTC break through $65?

Litecoin [LTC] jumped over 8% over 24 hoursto about $62as buyers returned across the wider crypt market.  The move carried LTC to its highest price since June. However, the area between $63.80and $65 could determine whether the rally continues or begins to lose momentum.  Litecoin trading activity nearly doubles  Market data showed Litecoin rising from below $57to an intraday high near $63.80before giving back some gains.  Its 24-hour trading value soared about 93%to over $520 million. Both value and price rose, which implies more traders joined the market.  However, the coin was not rising alone. It was joined by Bitcoin, which increased 5.7%, breaking above $85,000, and several of the other large crypto coins, too.  In its latest move, Litecoin has now extended its recovery surge from around $51.50 to $62and more. That is still only close to 20 percent since bottoming.  Can LTC move beyond $65?  The daily chart confirms that Litecoin is now moving above the levels that previously prevented it from recovering.  Also trading well clear of its immediate past averages, which are clustered around the $50-$55 level. What this means is that the market has moved from floundering beneath this area to seeing it as a base or area to work with.  The first challenge now

09-21انڈسٹری

Grayscale Zcash ETF to Split 3-for-1 as Assets Near $1B

Key highlights:Grayscales ZCSH ETF will undergo a 3-for-1 share split on Sept. 30, reducing the per-share price to ~$39.24 from ~$117.72ZCSH has accumulated $914.53M in net assets and $11B+ in cumulative trading volume since its Aug. 25 launch, with September inflows of $249.12M already far exceeding Augusts $21.83M totalZEC gained 8.3% to $1,568 as investors anticipate the NU7 upgrade targeting the Oct. 6 testnet and Nov. 5 mainnet activation  Grayscale‘s Zcash ETF, ZCSH, is set to undergo a 3-for-1 forward share split on Sept. 30, less than six weeks after beginning trading as inflows pushed the fund’s assets close to $1 billion.  Since beginning trading on August 25, ZCSH has attracted more than $233 million in inflows. As of September 18, the fund held nearly $890 million in net assets, while cumulative trading volume had surpassed $11 billion.  Under the split, shareholders of record at the close of trading on September 28 will receive two additional ZCSH shares for every share they own.  The additional shares will be distributed after the market closes on September 29, with split-adjusted trading set to begin on NYSE Arca before the market opens on September 30, according to a September 18 filing.  ZCSH shares are about to triple—heres what

09-21انڈسٹری

Coinbase opens US IPO access with Oura listing

Coinbase has opened initial public offering access to eligible U.S. retail customers, starting with Ouras $2.2 billion offering, as COIN shares gained more than 5% on Sep. 21.  SummaryCoinbase users can request Oura shares at the IPO price before public trading begins.Oura is offering 50 million shares at an expected price of $40 to $44.Selling allocated shares within 30 days may trigger a 60-day IPO access restriction.COIN rose 5.7% to $205.38 following the announcement.  Coinbase IPO access starts with Oura  Coinbase said in a Sep. 21 announcement that eligible U.S. retail customers can request IPO allocations through its mobile application, beginning with smart-ring maker Ouras public offering this week.  Customers can open the IPO section of the Coinbase app, select an active deal, and fund their accounts to cover the requested shares. Once an expected price range becomes public, users can submit a conditional offer to buy the stock.  Investors may change or cancel an offer while the order book remains open. Coinbase said customers must submit another request if the IPO price rises above a limit attached to the original offer.  You might also like:  Coinbase seeks US approval for 50-plus single-stock perpetuals  After the order book closes, Coinbase will distribute the available shares using its allocation

09-21انڈسٹری

Why Balancer‘s $1.4M hack recovery won’t pay LPs anytime soon

The Balancer V1 recovery proposal would divide 296.401711 ETH returned after an Aug. 31 exploit among liquidity providers in 120 legacy pools, but it does not yet show what any address could claim.  The proposal says tokens worth about $1.39 million at attack-time prices were drained from the pools. It lists five ETH returns to the Balancer DAO Multisig between Sept. 8 and Sept. 16 from the main greyhat, three anonymous whitehats and block builder Ultrasound.money.  The 296.401711 ETH is the amount the proposal records as returned, not a promise of full reimbursement. The attack loss is expressed in dollars at historical prices while the recovery pool is denominated in ETH, and the proposal does not state a recovery percentage.  Related Asset Ethereum ETH · $2,745.36 24-hour change: up 5.44%  How Balancer would allocate the recovered ETH  Under the plan, Balancer would first allocate recovered ETH to each pool according to that pool‘s share of the total dollar loss at the time of the attack. It would then divide each pool’s allocation among liquidity providers based on their pool-token holdings at Ethereum block 25,872,248.  That block immediately preceded the first exploit transaction at block 25,872,249. Using one pre-attack snapshot would cover all 120 pools, including those

09-21انڈسٹری

XRP and NEAR Lead Altcoin Squeeze as Crypto Short Sellers Lose $666 Million in 24 Hours

The cryptocurrency derivatives market has recorded its largest wave of forced short-position liquidations in months. According to analytics platform CoinGlass, a sharp rise in prices over the past 24 hours triggered the liquidation of short positions worth a total of $665.81 million.  Total daily trader losses, including long positions, reached $789.57 million, affecting 117,942 market participants.  Global cryptocurrency liquidation heatmap showing total market wipeouts, Source: CoinGlass  Altcoin sellers bore the brunt of the losses. While forced liquidations have historically been concentrated among major cryptocurrencies, the current cycle has seen a broad range of assets join the cascade of stop-order executions, led by XRP, NEAR, and Zcash.  The excessive accumulation of highly leveraged short positions created the conditions for a classic short squeeze. Once prices reached critical trigger levels, exchanges automated systems began forcibly buying back assets at market prices to cover outstanding obligations, fueling the upward momentum.  Who suffered the most (and where bears should expect the next blow)  Daily losses among short sellers were distributed as follows:Large-cap altcoins (XRP, NEAR, ZEC):NEAR led the subgroup, surging 11.51% to $4.06 and triggering $8.88 million in short liquidations. As XRP rallied 7.99% to $1.47 and Zcash (ZEC) gained 6.24% to $1,514.93, sellers lost another $10.04 million and $11.51

09-21انڈسٹری

XRP Holders Rushed 663% More Tokens Onto Binance. Almost None of It Got Sold

XRP climbed toward $1.50 on September 21, recovering sharply from lows near $1.27 earlier this month. That price strength arrived alongside a striking spike in exchange activity.  Average daily XRP inflows into Binance reached 21.7 million tokens, 663% above the quarterly baseline, according to on-chain data.  Sponsored  Sponsored  What Triggered This Sudden Spike in Exchange Flows  An exchange inflow refers to tokens moving from private wallets into a trading platform, typically signaling either preparation to sell or repositioning for trading purposes. The distinction matters for interpreting XRPs current setup.  The surge concentrated in just three sessions. Binance recorded 91.2 million tokens on September 11, 44.5 million on September 16, and 41.7 million on September 17, days that overlapped with the failed CLARITY Act vote and the Federal Reserves first rate hike since 2023.  Crypto prices since Clarity act failed to pass the senate: $BTC: +14% $ETH: +16% $XRP: +18% $SOL: +22% $ADA: +27% $LINK: +22% $AVAX: +59%  Despite those large deposits, Binances XRP reserves rose just 0.22% to roughly 2.63 billion tokens. Daily outflows averaged 11.6 million tokens over the same period. That pattern points toward elevated two-way turnover rather than sustained one-sided selling pressure.  Whale wallets added further context. Last week, large holders increased their combined XRP holdings

09-21انڈسٹری

Waited for Bitcoin's October Bottom? Benjamin Cowen Says He Was Wrong

Benjamin Cowen, founder of Into The Cryptoverse, publicly admitted his bearish Bitcoin call failed on Monday, as the cryptocurrency broke decisively above $85,000 and squeezed short sellers.  The reversal marks a turning point for one of the markets most influential bearish voices this cycle.  Sponsored  Sponsored  A Public Reversal Rooted in Cycle Analysis  Cycle analysis is a forecasting method that projects Bitcoins trajectory from patterns observed in the previous four-year market periods. Cowen leaned on that framework for months, arguing that history still pointed toward lower prices before any durable recovery.  Follow us on X to get the latest news as it happens.  I was wrong  Not going to make excuses  I deserve to be dunked on  On September 8, he assigned a 65% probability that Bitcoins cycle low remained ahead, leaving only a 35% chance the bottom was already in. He repeatedly flagged the realized price near $53,000 as a level that earlier bear markets had tested or undercut.  His July memo centered on a fourth-quarter bottom, most likely in October, echoing midterm-year patterns from 2014, 2018, and 2022. Some scenarios contemplated the downside of $44,000.  Even as Bitcoin reclaimed the mid-70,000s, Cowen maintained it was too early to declare the bear market over. He cited historical pullbacks after golden crosses

09-21انڈسٹری

Bitcoin Tops $84,000 for the First Time Since January, Liquidating $262 Million in Shorts

Bitcoin (BTC) briefly crossed $84,000 on September 21, its first trip to that level since January 31. The move liquidated $262.30 million of short positions in a single hour, according to CoinGlass.  The asset changed hands at $83,869 at the time of writing, a gain of 3.18% on the day.  Follow us on X to get the latest news as it happens  Bitcoin (BTC) Price Performance. Source: TradingView  Sponsored  Sponsored  Bitcoin Rallies to Eight-Month High, Wiping Out Shorts  CoinGlass recorded $271.83 million of total liquidations across the crypto market in the hour. Long positions accounted for only $9.53 million of that.  Bitcoin carried $218.55 million of the hourly figure. Ethereum (ETH) followed with $26.47 million, while Solana (SOL) added $8.92 million.  The pressure held over longer windows. Liquidations reached $433.67 million over 12 hours and $599.15 million over 24 hours, hitting 127,304 traders. The largest single order was a Binance Bitcoin perpetual worth $11.29 million.  Crypto Liquidations. Source: CoinGlass  The rally reached the wider market. XRP rose 7.04% over 24 hours, and Solana gained 6.67%, while Zcash (ZEC) led the top 10 with a 33.50% weekly gain.  The milestone came after Bitcoin recorded its first weekly close above a 50-week moving average in 45 weeks. The asset ended the week of September

09-21انڈسٹری

Local Opposition Stalls $68 Billion in US Data Center Projects

Data center opposition blocked or delayed 45 US projects worth $68 billion between April and June, according to research group Data Center Watch.   Public sentiment keeps souring, and statehouses are catching up with moratoriums on new construction and tighter rules.  Sponsored  Sponsored  30 Statehouses Move on Data Center Rules  Some 30 statehouses introduced or adopted measures covering siting, electricity, and water issues, Watch said. Communities increasingly move before developers can file for permits.  The pace of disruption has eased since the start of the year. The firm recorded 75 blocked or delayed projects worth roughly $130 billion between January and March.  Even so, the 45 projects made up more than half of all new large-scale developments tracked during the quarter. That squeeze has turned Bitcoin miners into unlikely landlords, because their already-permitted power sites are some of the few places an artificial intelligence (AI) developer can plug in without waiting years for a grid connection.  Notably, active opposition groups now number 843 across 49 states, with Hawaii the only exception. Online organizing is amplifying the pressure. One Tennessee petition drew more than 500,000 signatures on Change.org.  Amazon data centers consumed 2.5 billion gallons of water in a single year. That volume is sufficient to fill roughly 3800 Olympic

09-21انڈسٹری
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