News

The Grinch Who Stole Bitcoin's Price Rally

Bitcoin took a festive dip to $92K before jingling back up to $96K. This holiday rollercoaster reflects the crypto market’s merry volatility as investors navigate the season’s upcoming events that may trigger market shifts.

Battery Company Launches $21 Million BTC Reserve

KULR Technology Group purchased 217.18 Bitcoin for a not-so-subtle price of $21 million as part of its Bitcoin Treasury strategy, which allocates up to 90% of its surplus cash to Bitcoin.

The company stated that they intend to continue these acquisitions, and selected Coinbase’s Prime platform for bitcoin custody and wallet services.

Specializing in advanced energy management, KULR provides storage solutions for industries like space, aerospace, and defense. They design, test, and manufacture batteries, delivering efficient and cost-effective energy systems to meet their clients’ needs.

BlackRock Bitcoin ETF Sees Record Outflow as Ethereum Funds Rise

On Christmas Eve, BlackRock’s iShares Bitcoin Trust ETF saw its biggest single-day outflow ever, with $188.7 million withdrawn, bringing total outflows from US bitcoin funds to over $1.5 billion in four days.

Ironically, ethereum ETFs were attracting more investments, with the reasoning still up for debate.

Despite the bitcoin ETF withdrawals, US bitcoin funds have now surpassed gold ETFs in assets under management, signaling a shift in investor preference.

Trump Appoints Ex-Football Player to Head Crypto Council

Donald Trump has appointed former college football player and unsuccessful congressional candidate, Bo Hines as the executive director of his new Presidential Council of Advisors for Digital Assets.

Hines will be working directly under newly appointed “Crypto Czar” David Sacks. Their mission is to drive innovation and growth in the cryptocurrency industry in the US.

Announced via Trump's Truth Social platform , this appointment is part of a broader technology-focused leadership aimed at enhancing America’s technological dominance. Despite his background, Hines is charged with leading the effort to create a thriving environment for the crypto sector in the U.S.

Vivek Ramaswamy Launches Bitcoin Bond ETF with Trump’s Crypto Support

Vivek Ramaswamy’s Strive Asset Management announced the launch of a new Bitcoin Bond Exchange Traded Fund (ETF) filing with US regulators.

This ETF will focus on convertible bonds from companies like MicroStrategy that are big bitcoin investors. With Ramaswamy behind Strive, this move comes as many expect the Trump administration to create a friendlier regulatory environment for crypto.