Since the start of 2025, Bitcoin’s price has dropped by approximately 25%. Despite this downturn, 95% of U.S.-based spot Bitcoin ETF investors are holding their positions, signaling long-term confidence in the market. Bloomberg data shows that while investors face market pressures, they prefer to retain their ETF assets rather than sell, keeping total managed assets...
Bitcoin
Goldman Sachs’ Bitcoin ETF Holdings Spark Speculation, But Reality Is More Complex
A recent 13F filing by Goldman Sachs has stirred excitement on Bitcoin Twitter, revealing significant stakes in spot Bitcoin exchange-traded funds (ETFs). However, the details suggest a more nuanced reality than a straightforward bullish bet on Bitcoin’s price. The disclosed holdings include a $288 million stake in the Fidelity Bitcoin ETF (FBTC) and a $1.3...
Utah Poised to Become First US State to Establish Bitcoin Reserve
Utah is on track to become the first U.S. state to establish a Bitcoin reserve, driven by a compressed legislative calendar and significant political momentum. According to Satoshi Action Fund CEO Dennis Porter, Utah’s 45-day legislative session gives the state a unique opportunity to move quickly on Bitcoin-related legislation. “It’s either sink or swim in...
Bitcoin Plunges to $98K as China Imposes New Tariffs and Targets US Tech Giants
Global markets faced renewed turbulence as China retaliated against escalating trade tensions with the United States, sending Bitcoin (BTC) tumbling to as low as $98,000. According to a report from crypto trading firm QCP, the sharp decline reflects mounting fears over the economic fallout from worsening US-China relations. Beijing’s latest response includes new tariffs and...
More US States Propose Bitcoin Reserve Legislation as Trend Gains Momentum
The concept of Bitcoin as a strategic reserve is gaining traction across the United States, with Maryland and Iowa becoming the latest states to introduce legislation aimed at integrating Bitcoin into their financial frameworks. On February 7, 2025, Maryland State Representative Caylin Young introduced the Strategic Bitcoin Reserve Act of Maryland (HB1389). This bill seeks...
Elastos Secures $20M to Expand Bitcoin DeFi Services
Web3 infrastructure provider Elastos has successfully closed a $20-million investment round, marking a significant step in expanding decentralized finance (DeFi) services within the Bitcoin (BTC) ecosystem. The funding, announced on January 30, came from Rollman Management Digital, a global investment network known for backing early blockchain projects like Ripple and Ethereum. With this investment, Elastos...
Robinhood Expands Crypto Offerings with Bitcoin Futures Trading
Online brokerage Robinhood is set to enter the futures trading market, offering Bitcoin (BTC) futures alongside other asset classes. The company announced on January 29 that it will introduce futures trading for the S&P 500, oil, Bitcoin, and additional assets, marking a significant expansion beyond its traditional stock trading services. Robinhood, which added cryptocurrency trading...
Poland Surpasses El Salvador as Global Bitcoin ATM Hub
Poland has overtaken El Salvador to become the world’s fifth-largest Bitcoin ATM hub, with 219 active machines following a four-month installation surge. On January 27, the country added 10 new Bitcoin ATMs, further solidifying its position in the global rankings, which are led by the US, Canada, Australia, and Spain. Poland’s recent growth includes the...
Bitcoin DeFi takes center stage
Bitcoin Ecosystem Evolves With Expanding DeFi Applications Bitcoin, the oldest and most secure blockchain, has reached new heights, recently surpassing $100,000 and achieving a record market capitalization of over $2 billion. While Bitcoin has long been regarded as digital gold, a wave of innovations is shifting its use case, unlocking untapped liquidity, and driving the...
$19 Trillion Transactions Settled Over Bitcoin Network in 2024
Bitcoin Network Settles $19 Trillion in Transactions in 2024 The Bitcoin network processed an astounding $19 trillion in transactions in 2024, more than doubling the $8.7 trillion recorded in 2023. This surge marks a significant reversal of the two-year decline in transaction volume that began after the 2021 bull market. Pierre Rochard, vice president of...