Apr 2, 2025
Markets
Fidelity Now Allows Customers to Invest in Bitcoin, Ethereum for Retirement
Fund manager Fidelity is allowing its clients to invest in Bitcoin, Ethereum and Litecoin via individual retirement accounts. Starting Wednesday, investors have been able to get exposure to three virtual coins, which Fidelity already offers via its crypto trading service, by opening a "crypto IRA." Decrypt reached out to Fidelity for comment. The firm, which is the U.S.'s largest provider of 401(k) savings accounts, will custody the assets with the new service. Bitcoin is the biggest crypto...
Apr 2, 2025
Markets
Grayscale Debuts More Bitcoin ETFs—With a Twist
Grayscale Investments is listing two exchange-traded funds giving investors a modified source of income based on Bitcoin's volatile price movements, the crypto asset manager announced Wednesday. The Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI) use covered call strategies that allow investors to buy equity shares they already own at a given price. Neither fund gives investors exposure to Bitcoin directly but rather the opportunity to cash in on the asset's pote...
Apr 2, 2025
Coins
Alabama, Minnesota Advance Bitcoin Reserve Plans With Companion Bills
Bitcoin could soon find a place on state balance sheets, with Alabama and Minnesota both pressing ahead with legislative frameworks for state Bitcoin reserves. In Minnesota, House File 2946, also called the Minnesota Bitcoin Act, introduced by Rep. B. Olson (R-MN) on Tuesday, would allow the state to invest in Bitcoin directly. Its Senate counterpart, SF 2661, was introduced earlier in March. The identical bills seek to authorize the State Board of Investment to allocate public funds into Bitcoi...
Apr 2, 2025
Markets
Bitcoin Price Holds Steady Ahead of Trump's 'Liberation Day', Jobs Report
Bitcoin was broadly flat on Wednesday as the crypto markets await details of Donald Trump's planned tariffs. The White House is describing April 2 as "Liberation Day," with the president set to make an announcement at 4 p.m. Eastern Time during his Make America Wealthy Again event in the White House Rose Garden. Uncertainty looms about which products imported to the U.S. will be most affected—as well as the countries that will be hardest hit. European stocks were trading lower in the run-up to T...
Apr 2, 2025
Business
Ted Cruz Introduces FLARE Act to Repurpose Flared Gas for Bitcoin Mining
U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining. The Facilitate Lower Atmospheric Released Emissions (FLARE) Act, introduced on March 31, is geared towards making waste energy productive by capturing gas that would otherwise be flared or vented. The plan is to incentivise this capture by offering full expensing for property used to capture that gas. My legislation, the FLARE Act, incentivizes entrepreneurs and crypto miners...
Apr 2, 2025
Business
Eric Trump Backs New Bitcoin Mining Venture With Hut 8, Plans to Go Public
The Trump family is digging deeper into Bitcoin—this time, with a mining venture backed by Eric Trump. The President’s son is teaming up with Miami-based Hut 8 to launch American Bitcoin Corp. The mining operation aims to go public and become one of the largest in the country, according to a Bloomberg report on Tuesday. The announcement marks another step in the family’s broader crypto strategy after the launch of World Liberty Financial in October and the USD1 stablecoin in March. “It’s excitin...
Apr 2, 2025
Markets
Publicly Traded Bitcoin Miners Just Had Their Worst Month Ever: JP Morgan
Bitcoin miners continue to face challenges, with 14 top public companies in the space collectively having their worst month on record in March, according to investment bank JP Morgan. In a Tuesday report, the Wall Street giant said that the Bitcoin miners it tracks, which include the likes of MARA and Core Scientific, collectively shed 25%—or about $6 billion—of their value market cap last month. Analysts at the bank Reginald Smith and Charles Pearce added in their report that companies with hi...
Apr 1, 2025
Markets
What Trump ‘Liberation Day’ Means for Bitcoin, Crypto Markets
Major cryptos rose on Tuesday amid an uptick in investor sentiment that tariffs imposed by U.S. President Donald Trump on his "Liberation Day" Wednesday would be less severe than anticipated, but analysts remain wary about a potential trade war’s impact on markets. Bitcoin’s price was recently trading at about $84,900, a more than 2.5% gain over the past 24 hours, according to data provider CoinGecko. The coin briefly touched over $85,000, for the first time since last week. "Traders are buzzi...
Apr 1, 2025
Markets
GameStop Completes $1.5 Billion Offering to Fund Bitcoin Reserve
Video game retailer GameStop said Tuesday that it has completed a $1.5 billion offering of convertible senior notes to investors, with plans to use the proceeds in part to purchase Bitcoin to hold in its corporate treasury. GameStop announced its Bitcoin plans last week, first adding the asset to its list of acceptable treasury assets before announcing that it planned to raise $1.3 billion via the offering. A further $200 million worth of notes were also sold, according to the firm's Tuesday fil...
Apr 1, 2025
Law and Order
UK Police Recover $671,000 in Stolen Crypto Under Proceeds of Crime Act
UK police recovered approximately $671,000 (£520,000) in crypto that was fraudulently obtained from an 80-year-old man, in what lawyers involved with the retrieval are describing as a British first under the Proceeds of Crime Act 2002. Working in collaboration with legal firms Edmonds Marshall McMahon and 5SAH, as well as professional services company Grant Thornton, police were able to trace the misappropriated crypto via wallet addresses supplied by the victim, known only as Mr A. They made le...
Apr 1, 2025
Business
Tether Purchases $735 Million in Bitcoin in Q1
Stablecoin issuer Tether Holdings purchased 8,888 Bitcoin in the first quarter, adding $735 million worth of the asset to its reserves on Tuesday alongside its latest attestation report. The company managing Tether’s industry-leading footprint now controls $7.8 billion worth of Bitcoin, according to the blockchain data platform Arkham Intelligence. Three months ago, Tether padded its reserves with $777 million worth of Bitcoin. Tether meanwhile reported record-breaking profits of $4.5 billion th...
Apr 1, 2025
Business
Metaplanet Bitcoin Treasury Grows to $324 Million With Latest BTC Buy
Tokyo Stock Exchange-listed firm Metaplanet just grabbed another 696 Bitcoin (BTC)—its most recent step in a bid to build one of the largest corporate Bitcoin treasuries in the world. The Japanese investment company said it had acquired the coins as part of its Bitcoin Income Generation strategy, which involves selling put options and using the collateral to purchase Bitcoin at an effective discount, in a statement released Tuesday. *Metaplanet Purchases Additional 696 $BTC* pic.twitter.com/ppn...
Apr 1, 2025
Coins
Grayscale Files to Convert Bitcoin, Ethereum, and XRP Large Cap Fund Into an ETF
Grayscale Investments, one of the largest Bitcoin ETF issuers, filed to convert its existing private Digital Large Cap Fund to a publicly available exchange traded fund (ETF). It currently contains Bitcoin, Ethereum, XRP, Solana, and Cardano. The existing private fund, which is only available to accredited investors through private placement, heavily leans towards Bitcoin with a 79.4% weighting, at the time of writing. The rest includes Ethereum with 10.69%. XRP, Solana, and Cardano take up 5.85...
Apr 1, 2025
Markets
Dogecoin, Cardano Lead Gains as Crypto Majors Rally
Six of the top eight cryptocurrencies by market cap have seen modest gains Tuesday morning, with crypto majors led by Dogecoin and Cardano (ADA) notching gains of up to 5.2% and 5.9% each. Data on CoinGecko also shows green over the past 24 hours across Bitcoin, Ethereum, BNB, and Solana. Charts show Bitcoin gaining 2.5%, Ethereum up 3.7%, with BNB and Solana up 2.5% and 3.3% respectively. Notably, some $1 million in bearish Bitcoin options, with 1,180 contracts for $70K put options, was sighte...
Apr 1, 2025
Business
California’s Amended Digital Assets Act Would Protect Crypto Payments, Self-Custody
A member of the California State Assembly has introduced an amendment to a recently introduced money transmission bill that would protect the ability of state residents to use cryptocurrencies as a means of payment. First introduced by Democrat Senator Laura Richardson on February 20 as the Money Transmission Act, the bill had been concerned primarily with requiring digital wallet providers operating in California to “take certain actions” to ensure the security of their products, including the...
Mar 31, 2025
Markets
Bitcoin, Ethereum and Solana Prices Seesaw Ahead of Trump’s Tariff Deadline
The price of Bitcoin fell to a two-week low on Monday before recovering some losses, as other major cryptocurrencies also seesawed two days ahead of U.S. President Donald Trump’s deadline to impose steep tariffs. The leading digital asset edged up 1% to $83,465, according to crypto data provider CoinGecko. Ethereum, the second largest crypto by market capitalization, rose 1.1% to about $1,840, while Solana, the sixth largest, climbed 1.4% to over $125. The upturn comes as investors look toward A...
Mar 31, 2025
Markets
Metaplanet Accelerates Bitcoin Buying Strategy, Issues $13.3 Million in New Bonds
Japan’s biggest Bitcoin treasury company, Metaplanet, has issued more debt to buy the cryptocurrency. The firm, which trades on the Tokyo Stock Exchange, said Monday that it had issued a two billion yen ($13.3 million) zero-coupon ordinary bond to fund more Bitcoin buys. Metaplanet CEO Simon Gerovich made the announcement on X, saying the company—which is also an investment firm that owns a hotel—was “buying the dip.” 押し目買い!Buying the dip! https://t.co/nOIQrAveap — Simon Gerovich (@gerovich)...
Mar 31, 2025
Coins
Crocodilus Malware Has Been Draining Crypto Wallets on Android
Android users beware: A newly discovered piece of malware is targeting smartphone crypto wallets. Uncovered by fraud prevention firm ThreatFabric, the “Crocodilus” mobile banking trojan employs tools including remote control, black screen overlays, and advanced data harvesting through accessibility logging to trick crypto holders into handing over their wallet seed phrase. The malware “is masquerading as crypto-related apps and involves specific social engineering techniques to make victims reve...
Mar 31, 2025
Business
Trump Sons Ink Deal With Hut8 to Launch Bitcoin Mining Firm
Donald Trump Jr. and Eric Trump have teamed up with Bitcoin mining heavyweight Hut 8 to launch American Bitcoin, a new industrial-scale mining firm that plans to become the “world’s largest and most efficient Bitcoin miner.” Announced on March 31, the venture was born out of a strategic deal in which Bitcoin mining company Hut 8 contributed the majority of its mining hardware to American Data Centers Inc., a company backed by the Trump sons. The firm was then rebranded as American Bitcoin—a majo...
Mar 31, 2025
Markets
Bitcoin Miner MARA Raising $2 Billion With a Stock Offering to Buy BTC
Bitcoin miner MARA Holdings is going all in on BTC again—this time with a $2 billion war chest. The largest publicly traded Bitcoin mining company, formerly Marathon Digital, revealed in a Form 8-K and prospectus filed with the U.S. Securities and Exchange Commission (SEC) that it entered into an at-the-market (ATM) agreement with major financial firms, including Barclays Capital, BMO Capital Markets, BTIG, and Cantor Fitzgerald. The agreement allows them to sell up to $2 billion worth of MARA s...

