Tag:

Billion

Bitcoin and Ethereum ETFs Add More Than $1 Billion Combined in a Single Day

by admin May 23, 2025

In brief

Bitcoin hit an all-time high price this week while Ethereum surged earlier in May.
The BTC price record comes as investors buy into exchange-traded fund shares.
Ethereum ETFs are also collecting cash, though they haven’t seen the same demand as Bitcoin funds.

Bitcoin and Ethereum exchange-traded funds on Thursday received over $1 billion in new investments, the highest combined inflows in five months, underscoring the accelerating appetite for crypto-focused products over the past two weeks.

BlackRock’s iShares Bitcoin Trust (IBIT) accounted for most of that total, generating $877 million in net inflows. That’s the third-highest daily total for the fund, which has spearheaded the recent surge, according to data from U.K. asset manager Farside Investors. Bitcoin funds in total received $935 million in inflows.

“It’s a continuation of the momentum we’ve seen, particularly in IBIT, which hasn’t seen outflows since April 9—the day that Bitcoin put in its recent lows,” Sumit Roy, senior ETF analyst for ETF.com, told Decrypt.

He added: “The fact that Bitcoin is hitting new record highs is helping, as well, of course. There’s been a strong relationship between flows and price, and I expect that to continue.”

Bitcoin’s price has risen more than 48% since dipping below $75,000 in early April, with much of those gains coming as U.S. President Donald Trump scaled back his trade war and the latest inflation reports were tamer than expected. Investors have also looked at BTC increasingly as a safe haven asset amid still volatile macroeconomic conditions.

IBIT has received more than $1.9 billion in assets through the first four days of this week. It is the third time in the last month that the fund has collected more than than a billion in assets during a single week.

It generated $2.4 billion and about $1 billion for the weeks of April 28 and May 5, respectively. The fund has totaled nearly $41 billion in net inflows since its debut in January 2024, more than four times that of the Fidelity Wise Origin Bitcoin Trust (FBTC), which has the next-highest amount.

Bitcoin this week broke a new record when it hit a price of $111,814, according to crypto price data firm CoinGecko.

Ethereum ETFs received more than $110 million in inflows on Thursday, led by the Grayscale Ethereum Trust (ETHE) and Fidelity Ethereum Trust (FETH) with more than $40 million apiece, according to Farside.

Ethereum price gains, which lagged behind those of Bitcoin and other coins, have outpaced those assets over the past month. Ethereum was recently trading at $2,565, down 3.5% from Thursday at the same time but up more than 46% over the past 30 days.

BlackRock’s iShares Ethereum Trust (ETHA) has received over $4.3 billion in net inflows, more than double the investment in the next closest competitor in the space. The eight funds currently trading have generated more than $2.7 billion in net inflows, with Grayscale’s ETHE accounting for nearly $4.3 billion in net outflows. The fund is a conversion from a so-called closed trust that carries a higher fee than other ETFs in the category.

“Ethereum ETFs aren’t knocking the lights out, but not doing terribly either,” Bloomberg ETF research analyst James Seyffart told Decrypt. “Flows are actually strong, but underlying price is dragging down asset levels.”

Edited by James Rubin

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

May 23, 2025 0 comments

GameFi Guides

Trader’s $1 Billion Wager Says BTC Climbs This Week

by admin May 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A high-stakes wager has landed a crypto trader in the headlines. He’s known online as James Wynn, and he’s placed almost $1 billion on Bitcoin rising further. He started piling into a bullish position last week and hasn’t said when he plans to exit.

Bitcoin Bets Hit Billion Dollar Mark

According to Wynn’s posts on X, his position reached about $1 billion on May 21. He’s using $20 million of his own funds and borrowed to make the trade roughly 40 times bigger than his stake. The bet sits on Hyperliquid, a decentralized exchange where traders can open perpetual futures positions. Wynn has already closed part of it, trimming the size to just over $800 million as Bitcoin climbed.

Lookonchain data shows he jumped in around a BTC price of $108,084 and set his “kill switch” just below $103,640—so if Bitcoin dips that far, the whole trade goes bye-bye. As of early Thursday, that bet was sitting on a cool $40 million in unrealized gains.

Source: HyperDash

Trader’s Past Success With Memecoin

Wynn didn’t emerge from nowhere. In 2023, he predicted the Pepe memecoin would hit a $4.2 billion market value. That bet paid off in a big way when Pepe peaked at more than $11 billion in December 2024. A wallet tied to “jwynn.eth” even sent $7 million of Pepe tokens to Binance in May 2024. Based on reports, that move helped him pull in eight-figure gains.

Bitcoin just broke through $111,900!

Top trader @JamesWynnReal‘s 40x leveraged long position of 10,200 $BTC($1.14B) is now sitting on an unrealized profit of over $39M!https://t.co/Xy0EC0h5Cw pic.twitter.com/5UlbeiA984

— Lookonchain (@lookonchain) May 22, 2025

Huge Risk Tied To Price Drop

His trade isn’t without danger. If Bitcoin falls below $100,850, the position could be wiped out. Wynn has said he’d add more money rather than face liquidation. In turbulent markets, minor declines can be the trigger for cascade-like forced liquidations. Any substantial amount of money put into the market begs the question: If prices were to shift just a few percent in either direction, would serious losses be incurred?

BTC is currently trading at $110,783. Chart: TradingView

Market Logic Favors This Move

Reportedly, the May chances of Bitcoin hitting $115,000 are pegged at 64% or thereabouts, as per Polymarket. Standard Chartered’s Geoff Kendrick also has a bullish view. He predicts Bitcoin could top $120,000 before the end of July. Those forecasts line up with Wynn’s own target of $115,000–$118,000 by the end of next week, and even $118,000–$122,000 shortly after.

Update on my little $BTC long position.

Reduced position size today, took some profits around $110k -$111k.

Seemed like a nice spot to TP, and seems others are doing the same right now.

In my opinion bitcoin is dying to breakout higher. My target remains the same of… pic.twitter.com/BUfWTuqpoU

— James Wynn 🐳 (@JamesWynnReal) May 22, 2025

Positioning In A Shaky Market

Bitcoin had reached about $111,800 on May 22, 2025, before the slight pullback. Traders pointing at rapid gains also warn of quick drops. On decentralized exchanges, the funding-rate costs might add up. Large orders on Hyperliquid might face slippage, which would move the market against Wynn should he try to unwind too quickly.

People see the trades and think its some high level stupid gambling kinda shit, and yes it is. But it is backed by my own thesis. Which in turn, is a calculated risk.

Since local bottom of 74k bitcoin has remained in this channel. Touching the bottom acting as support just two… pic.twitter.com/wenpkcWKrG

— James Wynn 🐳 (@JamesWynnReal) May 20, 2025

Calm Words From A Risk-Taker

“People see this as high-level gambling, and yes it is,” Wynn said. He added that his bets rest on what he calls a solid thesis. Whether he’s right or wrong remains to be seen. For now, his willingness to risk large sums has drawn both admiration and caution from onlookers.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

May 23, 2025 0 comments

Game Reviews

Eagleopolis has fallen despite Helldivers 2 players slapping up 2.5 billion squids for an opening victory in the battle for Super Earth, leaving six Mega Cities to defend

by admin May 23, 2025

Do you want the good news or the bad news first? Well, good news, Helldivers 2 managed to win the first major order of the battle for Super Earth by slaughtering over two billion Illuminate. The bad news? It’s not stopped Eagleopolis from falling.

As it turns out, not even the biggest number of Helldivers the game’s had since last spring diving in to help try and hold off the invasion of fresh Illuminate baddies was enough to stop one of Super Earth’s seven Mega Cities being reduced to ruins. It’s ok, don’t cry. Hug your SEAF buddy and watch a clip of someone surfing on a Leviathan if that’ll help.

Manage cookie settings

The previous major order, which was the Helldivers’ initial defense of Super Earth after the Illuminate invasion of their home planet began with the arrival of the Heart of Democracy update, ended this morning. Things looked good, the goal of casually killing 2.5 billion Illuminate had been achieved. Let the good times roll right?

Nope, said Arrowhead. “Eagleopolis, a venerable stronghold of Managed Democracy since time immemorial, lies in ruins,” the studio informed us all via its latest MO briefing, “Its tattered shopping centers stand in warning as to the fate that awaits the rest of Super Earth, should our mission fail.”

So, that’s one of the seven Mega Cities which make up Super Earth destroyed, but there’s still a long way to go in the battle for Super Earth, and that win has seen folks make some progress towards wiping out the entire Illuminate fleet or forcing it to retreat.

Eagleopolis, a venerable stronghold of Managed Democracy since time immemorial, lies in ruins. Its tattered shopping centers stand in warning as to the fate that awaits the rest of Super Earth, should our mission fail.

The initial wave of assault is over. The Battle for Super… pic.twitter.com/wWgL8gfaiu

— HELLDIVERS™ 2 (@helldivers2) May 23, 2025

Manage cookie settings

“Illuminate Fleet Strength currently stands at 49%,” Arrowhead continued, “Six Mega Cities remain standing. The Helldivers must dig in, alongside their SEAF allies, and continue to fight, day and night, to defend the heart of our Federation. The surviving Mega Cities must be defended at all costs. The Helldivers must deploy to the Mega Cities as Illuminate pressure shifts among them to prevent them from falling. Once they fall, they cannot be reclaimed.”

Hence the latest order’s goal – successfull extract from missions against the Illuminate 20 million times, in order to strike a further blow to the fleet’s big invisible health bar. And, of course, to avenge Eagleopolis, which I’m sure people on the game’s subreddit would be cut up about if they weren’t too busy post fan art about loving their SEAF trooper buddies in a fashion that totally isn’t getting a bit creepy.

Are you shedding super tears for Eagleopolis? Let us know below!

Source link

May 23, 2025 0 comments

Product Reviews

OnlyFans is in talks to sell for $8 billion

by admin May 23, 2025

OnlyFans is on the selling block, according to a report by Reuters. The current owner of the adult entertainment platform, Fenix International Ltd, is in talks to sell to an investor group at a valuation of around $8 billion. This group is being led by an entity called the Forest Road Company, which is an investment firm based in Los Angeles.

The platform generated $6.6 billion in revenue just in 2023, so the idea of an $8 billion payout doesn’t seem that far-fetched. OnlyFans became a global phenomenon during the COVID-19 pandemic and it takes 20 percent of all creator earnings.

Investor interest has peaked over the past several months as impressive earning statements became public. It has managed to triple its revenue since 2020, which is something many companies that experienced pandemic-related boosts cannot say.

Sources have stated that a deal could be reached within the next week or two. However, Fenix International Ltd have also been in talks with other potential buyers. An IPO is also being considered, an idea that’s been floating around since 2022.

However, an outright purchase is more likely than a public offering. This is due to the porn of it all. The company tried to get around this by announcing a ban on sexually explicit content in 2021, but reversed course before the ban even went into place. OnlyFans is, after all, primarily for sexually explicit content.

If you buy something through a link in this article, we may earn commission.

Source link

May 23, 2025 0 comments

A U.S. Federal Trade Commission (FTC) flag flies outside the headquarters in Washington, D.C., U.S., on Thursday, Aug. 15, 2019.

Gaming Gear

FTC drops 2-year case against Microsoft’s $68.7 billion acquisition of Activision Blizzard

by admin May 23, 2025

Microsoft acquiring Blizzard may be old news, with the deal finalising back in 2023, but the legal battles with the FTC have persevered. Despite being approved after some contention in most countries, including the UK, the acquisition had faced continuous backlash in the United States. It seems the FTC has finally run out of steam in this incredibly long winded fight, and will now opt to drop the case against Microsoft rather than continue to appeal.

As The Verge reports, this comes just days after the FTC lost the preliminary injunction to prevent Microsoft from finalizing its acquisition. Now instead, the FTC has officially filed an order to dismiss its complaint against the tech and gaming giant.

“The Commission has determined that the public interest is best served by dismissing the administrative litigation in this case,“ says the FTC in its filing.

Bitcoin STHs Took $11.6 Billion In Profit Over Past Month

by admin May 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A report from Glassnode has revealed how profit-taking from the Bitcoin short-term holders has noted a large uptick in the past month.

Bitcoin Short-Term Holder Realized Profit Has Shot Up Recently

In its latest weekly report, the on-chain analytics firm Glassnode has talked about how the profit-taking spree from the Bitcoin short-term holders has looked recently.

The “short-term holders” (STHs) refer to the BTC investors who bought their coins within the past 155 days. This part of the market is considered to include the fickle hands, who easily react to happenings related to the cryptocurrency.

Given this, it’s only natural that the recent rally, which has now brought the asset to a brand new all-time high (ATH), would have also induced a reaction from this group.

An indicator that can be useful to gauging the selling reaction related to rallies from this group is the “Realized Profit.” This metric measures the total amount of profit that the STHs are ‘realizing’ through their transactions.

The indicator works by going through the transfer history of each coin being sold by the members of the cohort to see what price they initially received it at. If this cost basis is less than the spot price that they are now selling at, then the coin’s sale is considered to be leading to the realization of some net profit.

This profit is naturally equal to the difference between the two prices. The Realized Profit calculates this value for all profit transactions to find the total for the STHs as a whole.

Now, here is the chart shared by the analytics firm in the report that shows the trend in the Bitcoin STH Realized Profit over the last few months:

Looks like the value of the metric has been quite high in recent weeks | Source: Glassnode’s The Week Onchain – Week 20, 2025

As is visible in the above graph, the Bitcoin STH Realized Profit has remained at elevated levels throughout the past month, indicating that the members of this cohort have predictably been participating in profit-taking.

So far, the profit realization from the STHs has witnessed a peak of $747 million per day, which is quite substantial. In total, this cohort has harvested around $11.6 billion in gains since the start of the selloff.

“For comparison, over the previous 30d period, only $1.2B of profit was realized, underscoring how drastic the rebound in new investor sentiment and spending behavior has been,” notes Glassnode.

While this profit-taking spree has been large on its own, it has still been lower than the highs seen in late 2024. It now remains to be seen whether the Bitcoin STH Realized Profit would expand further in the coming days and if it does, whether incoming demand will be able to absorb the selling pressure.

BTC Price

With the latest continuation to the bullish momentum, Bitcoin has managed to set a new ATH around $109,400.

The asset appears to have seen some pullback since achieving the new record | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Source link

May 22, 2025 0 comments

GameFi Guides

$1.1 Billion for Two Pizzas? Historic Bitcoin Purchase Turns 15

by admin May 22, 2025

Programmer Laszlo Hanyecz famously shelled out an eye-popping 10,000 BTC in order to purchase two pizzas from Papa John’s back in 2010.

The offer was posted on the Bitcointalk.org forum, which was the main hub for the early adopters of the leading cryptocurrency.

This is widely known as the very first purchase conducted with the help of Bitcoin.

Back in the day, the original cryptocurrency had virtually no economic value, and 10,000 BTC was valued at roughly just $41.

Bitcoin ETFs Add $1 Billion in 2 Days Amid March to Record BTC Price

by admin May 21, 2025

In brief

It’s only Wednesday, and U.S. investors have plowed nearly $1 billion into spot Bitcoin ETFs.
The price of BTC has reached a new high.
Bitcoin ETFs in the U.S. have accumulated over $42 billion in net flows.

Investors poured nearly $1 billion into the new American Bitcoin ETFs, helping to drive the price of the leading cryptocurrency a record and a sign of markets’ growing embrace of digital assets. high.

Investors on Monday and Tuesday put a total of $996.6 million into the funds, data from UK asset manager Farside Investors shows. Figures for Wednesday are yet to be released, but the ETFs that track BTC’s price have been surging in recent weeks, reaching a record high for net inflows of more than $42 billion.

“Bitcoin ETFs have been on fire the last few weeks,” Bloomberg ETF research analyst James Seyffart told Decrypt.

The flurry of Bitcoin bets comes as investor appetite for crypto-focused assets has mushroomed in recent weeks, helping to spur a hefty price increase in the digital asset. Bitcoin’s price has soared to $109,565 before retreating to roughly $107,000, according to crypto markets data provider CoinGecko. Bitcoin is up more than 23% over the past month reasserting itself after a late winter, early spring lull that took the price below $75,000 in early April.

Spot Bitcoin ETFs since mid-April have received over $7.5 billion in inflows.

“They are one of—if not the—most successful ETFs,” Seyffart said.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest of the funds in this category, has accounted for most of this week’s gains, generating nearly $600 million in net inflows. The Fidelity Wise Origin Bitcoin Trust (FBTC) and Ark 21Shares Bitcoin ETF (ARKB) have received $211.4 million and $201.7 million in inflows, respectively, according to Farside.

Still, the most successful day the ETFs have had in their short lifespan was on November 7, when President Trump’s White House victory was announced. The funds then took in over $1.3 billion in new cash.

The U.S. Securities and Exchange Commission last year approved the initial Bitcoin ETFs, allowing consumers to invest in the cryptocurrency without purchasing and safeguarding the asset directly, a process that often seems daunting.

The funds have had the most successful launch in ETFs’ 32-year history, with a total of 11 funds controlling $127 billion in AUM.

Edited by James Rubin

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

May 21, 2025 0 comments

GameFi Guides

Bitcoin Open Interest Hits $74 Billion Amid Price Rally

by admin May 21, 2025

Institutions and macro trends drive activity
Bitcoin rebounds to $106,000 despite intraday dip

The Bitcoin futures market is showing strong signs of activity, with its open interest rising to $74 billion, according to Coinglass data. This jump indicates that an increasing number of traders are positioning themselves for possible price moves in the upward direction.

Their actions are proof of renewed confidence in the leading cryptocurrency. The latest surge to $74 billion, one of the biggest in the past few weeks, indicates strong hedging activity.

Institutions and macro trends drive activity

Among the factors driving this trend is the return of bullish sentiment after recent positive changes in the global macroeconomy, especially expectations of lower interest rates and cooling inflation.

With top financial firms expanding their crypto offerings, growing institutional interest is another factor that could be influencing this trend. Even though higher open interest doesn’t result in a price increase, it shows that more investors are pumping money into the Bitcoin futures markets.

However, a sharp rise in Bitcoin price could trigger massive liquidations and add volatility. Coinglass data also shows a strong relationship between BTC’s price and its open interest.

Bitcoin rebounds to $106,000 despite intraday dip

Current CoinMarketCap data shows that Bitcoin currently trades at $106,616, a rise of 1.11% in the last day. Earlier in the day, the crypto asset’s price dropped to about $104,000 as indicated by the red shaded area. But by midday, it rose back to above $106,000 before reaching its latest price.

Source: CoinMarketCap

Even though BTC’s trading volume is down 17.99% in the past 24 hours, it’s still $54.18 billion. Despite this volume decrease, the crypto asset’s daily volume to market cap ratio of 2.54% shows a relatively healthy liquidity.

The cryptocurrency’s profile score of 100% also suggests strong market sentiment, while the technicals indicate a continued bullish outlook among analysts and traders.

Source link

May 21, 2025 0 comments

Crypto Trends

$23.35 Billion Dogecoin (DOGE) Moved by Whales In Just 24 Hours

by admin May 20, 2025

Dogecoin has seen its daily large transaction volume surge massively by 41.12% with whales actively moving large amounts of tokens, according to data from IntoTheBlock.

DOGE whales in action

The data shows that a total 60.9 billion DOGE worth about $23.35 billion have been moved by DOGE’s large transaction holders over the last 24 hours.

While the broad crypto market has been experiencing mixed actions after cooling off from the recent massive bull run, this notable whale movement suggests that investors are still bullish despite ongoing price corrections.

While large transaction volumes like this indicate increased whale activities on the concerned crypto currency, there are speculations that Dogecoin whales are preparing for something big, possibly anticipating a massive price rally in the near future.