Bitcoin’s rally was fueled by record ETF inflows, tightening exchange supply, and robust derivatives activity, highlighting institutional demand and room for further upside. Key takeaways: Over $3.5 billion in weekly ETF inflows and a five-year low in exchange balances highlight renewed institutional confidence in Bitcoin. Healthy futures open interest and continuous BTC adoption suggest that traders expect Bitcoin to challenge $150,000 soon. Read more
Bitcoin insurer Meanwhile raised $82 million led by Bain Capital Crypto and Haun Ventures to expand Bitcoin-denominated savings, annuities and insurance products. Bitcoin life insurance company Meanwhile has raised $82 million in a new funding round led by Bain Capital Crypto and Haun Ventures. The company, regulated by the Bermuda Monetary Authority, plans to use the funds to meet “surging demand” for Bitcoin-denominated retirement and “inflation-proof” savings products, according to a Tuesday announcement. Meanwhile offers Bitcoin-based life insurance, annuities, savings products and insurance bonds for individuals and institutions, with all premiums, policy values and claims managed in Bitcoin (BTC). Read more
Bitcoin surged to $126,200 as global crypto digital products logged $5.67 billion in record inflows, reflecting renewed investor faith amid fiscal and geopolitical risks. Key takeaways: Bitcoin reached a new all-time high of $126,200, backed by a record $5.67 billion ETP inflows. Fiscal and geopolitical uncertainty have revived the “debasement trade” narrative. Read more
Dubai's regulator announced it had issued financial penalties against 19 companies related to digital asset activities amid approval for BitGo's MENA entity. Digital asset infrastructure company BitGo said it had secured regulatory approval to offer specific services in Dubai amid the agency’s announcement of several enforcement actions. In a Tuesday notice, BitGo said its Middle East and North Africa (MENA) arm had secured a broker-dealer license from the Virtual Assets Regulatory Authority (VARA) in Dubai, allowing the company to provide “regulated digital asset trading and intermediation services to institutional clients.” The move came just a few weeks after BitGo said its European subsidiary could offer crypto services to local investors under a license from Germany’s Federal Financial Supervisory Authority. Read more