Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commission (SEC). A senior Bloomberg analyst described this achievement as “mind-boggling” and “highly rare” for new ETFs. Other recently launched ETFs have significantly fewer institutional […] Source: https://news.bitcoin.com/blackrock-bitcoin-etf-attracts-414-institutional-holders-analyst-says-ibit-blows-away-record/
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Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18
Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted. Source: https://cointelegraph.com/magazine/trader-turns-3k-into-46m-pepe-ethereum-gas-overhaul-tornado-cash-dev-guilty-hodlers-digest-may-12-18/
Microsoft faces multi-billion dollar fine in EU over Bing AI
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27. Source: https://cointelegraph.com/news/microsoft-billion-dollar-fine-eu-bing-artificial-intelligence-ai
China’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets
According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its holdings against the United States. China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China has significantly […] Source: https://news.bitcoin.com/chinas-53-3b-divestment-in-us-treasuries-signals-massive-shift-from-dollar-assets/
Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after hovering just below it. […] Source: https://news.bitcoin.com/value-locked-in-defi-nears-100b-range-again-after-11-89b-increase-in-35-days/
14 Years Ago, an Individual Offered 10,000 Bitcoins for 2 Pizzas, Finalizing the Deal in 4 Days
Approximately 14 years ago today, Laszlo Hanyecz posted on bitcointalk.org, offering 10,000 bitcoins for “a couple of pizzas.” However, most people are not aware that it took him four days to finalize the transaction, which is now worth $670 million. The Famous Bitcoin for Pizza Offer That Took 4 Days to Complete In May 2010, […] Source: https://news.bitcoin.com/14-years-ago-an-individual-offered-10000-bitcoins-for-2-pizzas-finalizing-the-deal-in-4-days/
‘Godfather of AI’ advises UK government to start UBI
Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to twenty years. Source: https://cointelegraph.com/news/godfather-artificial-intelligence-ai-advises-uk-government-start-ubi
This Week in Coins: GameStop Surge Spurs Meme Coin Mania, and Bitcoin Ends on a High
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports What a week it’s been. The Sunday night return of Roaring Kitty led to a trading frenzy, with meme stocks and digital coins and tokens alike…
Silver Squeeze: Precious Metal Soars 11.8% in 5 Days, Reaching Its Highest Price Since 2013
This week, the price of one ounce of silver has seen a significant rise. Over the past five days, silver has increased by more than 11% against the U.S. dollar, surpassing gold’s 2.3% five-day gain. Silver reached $31 per troy ounce for the first time since February 2013. Silver Hits $31 per Ounce, Outperforms Gold […] Source: https://news.bitcoin.com/silver-squeeze-precious-metal-soars-11-8-in-5-days-reaching-its-highest-price-since-2013/
Bitcoin’s Runes Protocol Hype Falls Short: Significant Drop in Activity and Fees
It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly declined over the past month. Runes Protocol’s Initial Excitement Dwindles Amid Decreased Activity Before the […] Source: https://news.bitcoin.com/bitcoins-runes-protocol-hype-falls-short-significant-drop-in-activity-and-fees/