News
21 May 2025, 00:33
Technology Clash: Bancor and Uniswap Engage in Legal Battle
A legal battle erupted between Bancor and Uniswap over alleged patent infringement. The case highlights concerns about intellectual property in decentralized finance. Continue Reading: Technology Clash: Bancor and Uniswap Engage in Legal Battle The post Technology Clash: Bancor and Uniswap Engage in Legal Battle appeared first on COINTURK NEWS .
20 May 2025, 23:57
Texas Bitcoin Reserve Bill SB 21 Advances With Strong Support, Paving the Way for Future Altcoin Inclusion
Texas’ SB 21 Bitcoin Reserve bill passed its second House reading, receiving significant bipartisan support with a vote of 105-23. The legislation will allow altcoins with a minimum market cap
20 May 2025, 22:57
Bitcoin spotted on Blackstone’s $1 trillion portfolio
In an SEC filing earlier today, May 20, 2025, Blackstone Inc., an asset manager controlling about $1 trillion in funds, disclosed its holdings in the iShares Bitcoin Trust ETF (IBIT) within its Alternative Multi-Strategy Fund. Per the SEC filing, Blackstone now has indirect exposure to Bitcoin, making the asset manager one of the companies that have incorporated digital assets into their portfolios through regulated financial instruments. Blackstone’s investment in Bitcoin ETFs A SEC filing dated Tuesday, May 20, 2025, has revealed that Blackstone’s Alternative Multi-Strategy Fund holds 23,094 shares of the iShares Bitcoin Trust ETF. BlackRock ‘s iShares Bitcoin Trust ETF holds and reflects the performance of Bitcoin’s price. As of May 19, 2025, the IBIT ETF’s net asset value (NAV) stood at $59.75, with total net assets amounting to approximately $66.6B and a reported balance of 636,120.5 BTC. Blackstone’s investment in the iShares Bitcoin Trust ETF shows that the company is taking a measured approach to gaining exposure to Bitcoin while avoiding the risks associated with direct ownership of the cryptocurrency, such as custody and regulatory compliance. Institutional adoption of Bitcoin Blackstone’s May 20 SEC filing revealing its investment in the iShares Bitcoin Trust ETF is the latest in a trend of digital assets integration into mainstream financial portfolios. Corporations typically use ETFs like Blackrock’s iShares Bitcoin Trust as a regulated and accessible path to participate in the cryptocurrency market. Strategy , which currently holds the position as the world’s largest corporate holder of Bitcoins, also serves as a vehicle for corporations and public funds to gain exposure to Bitcoin. The company functions as a go-between for investors looking for exposure to cryptocurrencies while protecting themselves from the risks of directly holding these digital assets. Institutional interest in Bitcoin took off after the SEC’s approval of multiple spot Bitcoin ETFs, such as the Grayscale Bitcoin Trust which converted into a spot Bitcoin ETF in January 2024, the ARK 21Shares Bitcoin ETF, ProShares Bitcoin ETF and others. The involvement of major financial institutions like Blackstone in cryptocurrency investments also contributes to increased market stability and legitimacy. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
20 May 2025, 22:56
Strive plans discounted Bitcoin play with Mt Gox creditor claims
Strive Enterprises, the asset management firm founded by pro-crypto entrepreneur Vivek Ramaswamy, is planning to buy distressed Bitcoin claims. In a recent filing with the Securities and Exchange Commission (SEC), the firm said this would allow it to gain BTC exposure at a discount. According to the filing , the Ohio-based corporation is partnering with 117 Castell Advisory Group LLC to source for such claims and purchase them. The filing specifically mentioned the Mt Gox bankruptcy estate with approximately 75,000 Bitcoin, noting that such distressed and definitive claims could be cheaper. It said: “This strategy is intended to allow Strive the opportunity to purchase Bitcoin exposure at a discount to market price, enhancing Bitcoin per share and supporting its goal of outperforming Bitcoin over the long run.” The Bitcoin stash of the defunct Japanese exchange has been a subject of multiple discussions in the crypto industry since 2014, when they were stolen and the exchange filed for bankruptcy. While efforts to repay creditors have been ongoing for several years, many are still unpaid because they have yet to complete the required process. This has led to multiple extensions of the repayment deadline, with the extension coming in October 2025. Unsurprisingly, there have been concerns that selling pressures from Mt Gox repayments could affect the Bitcoin price as many creditors could opt to sell. If Strive can achieve its plan, the firm could absorb the selling pressures while ending several creditors’ wait for repayment. Strive pushing to redefine corporate Bitcoin exposure. The move by Strive shows how the company adopts a different approach to Bitcoin treasury adoption. Unlike Strategy’s (formerly MicroStrategy) approach of accumulating Bitcoin for its treasury, Strive wants to outperform the flagship asset. In order to achieve this, the firm plans to use several innovative strategies to gain Bitcoin exposure at a discount without diluting its share value. Strive’s Chief Financial Officer, Ben Pham, said: “Strive intends to use all available mechanisms, including novel financial strategies not used by other Bitcoin treasury companies, to maximize its exposure to Bitcoin.” One of the strategies is using Section 351 of the US tax code for tax-deferred Bitcoin for equity swaps. Under this framework, accredited Bitcoin holders can swap their BTC for Strive equity without paying capital gains. The firm also plans to buy cash at a discount by merging with public companies with more cash than their stock value, with the excess cash spent on acquiring more Bitcoin. Other planned strategies include deploying its fixed income and derivative expertise to leverage and hedge risks for Bitcoin acquiring and raising external public capital. So far, Strive has made progress toward its goal, with the firm recently merging with publicly traded social media technology company Asset Entities Inc. That move allowed it to become publicly traded and, therefore, have access to public capital. 85 companies now hold over 800,000 BTC While Strive is working on strategies to acquire Bitcoin, several publicly traded companies are accumulating it in the old-fashioned way. According to data from HODL15 Capital, 85 companies currently hold over 800,000 Bitcoin as of May 19. Leading the pack is Strategy, which now has 576,230 BTC in its treasury. Companies such as Marathon Digital, TwentyOne, and Riot Platforms are way behind, each with less than 50,000 BTC. Bitcoin Treasury Companies (Source: Hodl15Capital) However, companies such as Metaplanet and Semler Scientific have increased their exposure to BTC in the past few weeks, and Metaplanet is now close to entering the top 10. The firm is ranked eleventh with 7,800 BTC, while Block (formerly Square) is tenth with 8,584 BTC. With Metaplanet aiming to finish 2025 with 10,000 BTC, the Japanese firm could have more BTC than Coinbase by the end of the year. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
20 May 2025, 22:38
Bitcoin Price Teases a Rally Beyond $107k After Texas Passed SBR in Crucial House Vote
The post Bitcoin Price Teases a Rally Beyond $107k After Texas Passed SBR in Crucial House Vote appeared first on Coinpedia Fintech News The supply of Bitcoin on crypto exchanges has dropped to the lowest point since November 2018. BTC price is on the cusp of rallying toward a new all-time high catalyzed by high demand from institutional investors. The Texas Strategic Bitcoin (BTC) Reserve bill (SB 21) passed the second reading of the House on Tuesday, May 20, with 105 yes votes against 23 nays. The Texas’ SB 21 bill now moves to a third house reading and the final move. As a result, Dennis Porter, the CEO and Co-founder of Satoshi Action Fund, now estimates that Texas will be the third state to pass the SBR legislation into law. Moreover, the Texas’ SB 21 bill has massive backing from legislators led by Representative Giovanni Capriglione and Senator Charles Schwertner. The Texas SB 21 bill confirms that the United States will imminently approve its SBR legislation to purchase up to 1 million BTCs in the next five years. Bitcoin Price Teases New ATH Next Bitcoin price briefly rallied to a local daily high of about $107,307 on Tuesday, during the late North American trading session. The flagship coin has, however, lacked enough fuel to pump towards its all-time high above $109,114, which was set on January 20, 2025. $BTCUSD Bullish outlook remains intact. pic.twitter.com/LjQWzOjARY — Aksel Kibar, CMT (@TechCharts) May 20, 2025 From a technical analysis standpoint, considering robust fundamentals such as multi-year low supply of Btc on centralized exchanges, market analyst Aksel Kibar believes the flagship coin is en route towards a new all-time high of above $137k in the near future. However, a retrace below the recently established support level of around $102,395 will set a bearish precedent in the subsequent weeks and likely push the BTC price below $100k.
20 May 2025, 22:30
SEC Delays Decisions on Proposed XRP and Dogecoin ETFs Amid Growing Interest in Altcoin Funds
In a significant move for the crypto market, the U.S. SEC has postponed decisions on key ETF proposals linked to altcoins, including those from 21Shares and Grayscale. This latest delay
