Bitcoin Surges Amid Massive Short Liquidations: Bitcoin's price has seen a sharp uptick, driven by significant liquidations of short positions amounting to nearly $44 million. This has helped push Bitcoin's price upwards, compounded by reduced miner rewards from the recent halving and increased accumulation activity among investors, indicating a strong holding sentiment.
Konami Partners with Avalanche for NFT Platform: Japanese gaming giant Konami has teamed up with Avalanche to launch an NFT solution named "Resella." This platform is set to offer gaming and entertainment experiences through digital collectibles, marking a significant step into the blockchain space for a major gaming company.
SBI Holdings Announces Digital Asset Fund: Japan’s SBI Holdings has unveiled plans to launch the country’s first digital asset investment fund. The fund will invest in Bitcoin, Ethereum, and Ripple (XRP), aiming to provide individual investors access to these cryptocurrencies as part of their broader investment strategies.
Crypto Miners' Reserves Hit 14-Year Low: Bitcoin miner reserves have dropped to their lowest level in over 14 years, now standing at 1.9 million BTC. This trend suggests that miners are selling off their holdings, potentially to cover operational costs amid reduced block rewards and rising competition.
Singapore Raises Concerns Over Crypto Service Providers: Singapore’s regulatory authorities have expressed concerns about the practices of digital payment token service providers, emphasizing the need for better regulatory oversight to ensure consumer protection and financial stability. This follows recent issues with unregistered exchanges operating within the country.
