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Quick Take Sen. Elizabeth Warren wrote to Trump’s crypto czar David Sacks requesting immediate clarifications and disclosures regarding potential conflicts of interest. Warren’s letter comes as the President signed an executive order to establish a U.S. Strategic Bitcoin Reserve late Thursday.
Quick Take A “Canary Sui ETF” entity has appeared on Delaware’s registration portal. Such a registration typically signals that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission.
Texas' Bitcoin Reserve bill cleared the Senate with strong bipartisan support. Without mandatory Bitcoin purchases, it now moves to the House for a final vote.
ADA’s uptrend is losing strength as resistance at $1 proves tough to break. Whale activity and ADX trends suggest potential consolidation ahead.
- 16:34Analysis: Strategy's net asset premium rate rebounds 23% from the low point, or is preparing to buy Bitcoin on a large scale againRenowned crypto analyst Miles Deutscher posted on the X platform, stating that Strategy (MSTR)'s net asset premium rate rebounded 23% from its low last week. This indicator measures MSTR's market value relative to the premium level of its held Bitcoin assets. A higher premium means that Strategy can raise more funds to purchase Bitcoin. Miles Deutscher stated that Saylor may be preparing for another round of large-scale Bitcoin purchases next week.
- 16:33In the past 24 hours, futures across the entire network have liquidated $284 million, mainly in long positions.Coinglass data shows that in the past 24 hours, the total liquidation of futures across the entire cryptocurrency market was $284 million USD. Of this, long positions accounted for $250 million USD and short positions were worth $33.2632 million USD. The total amount of BTC liquidated was $93.783 million USD, while ETH liquidations amounted to $57.6302 million USD.
- 16:31Opinion: The failure of Bitcoin strategic reserves initiation and ETF outflows both indicate that the bear market has arrivedWhaleWire founder Jacob King posted on social media that the bear market for Bitcoin has arrived. The failure of Bitcoin's strategic reserves to launch clearly shows that apart from confiscated Bitcoins, there was never any intention to purchase any other assets. Meanwhile, the claim of institutional demand has collapsed, with record outflows from ETF funds as proof. All narratives have been shattered - every single one of them.