com. Texas has made its first $10 million Bitcoin purchase through BlackRock’s IBIT ETF, marking the inaugural state-level investment in BTC as part of a strategic reserve plan aimed at long-term financial stability and eventual self-custody. S. states in public adoption. State officials outline transition from ETF to full self-custody once infrastructure is ready. Reserve fund could expand to include Ethereum if it sustains a market cap over $500 billion for two years, per legislative guidelines. Explore implications for institutional crypto adoption. Stay informed on digital asset strategies-read more now. What is Texas’s First Bitcoin Investment Through BlackRock’s IBIT? Texas’s first Bitcoin investment involves a $10 million purchase executed through BlackRock’s spot Bitcoin ETF, IBIT, on November 20 at an estimated price of $87,000 per BTC. Texas Bitcoin investment represents a pioneering move by a U. S. state to integrate digital assets into public reserves for long-term stability. This step aligns with state legislation recognizing Bitcoin as a strategic asset, using the ETF as an interim compliant vehicle while self-custody systems are developed. How Does Texas Plan to Transition to Self-Custody for Its Bitcoin Holdings? The Texas Treasury, under Comptroller Kelly Hancock, selected BlackRock’s IBIT for this initial allocation to ensure regulatory compliance during the setup phase. Officials have confirmed intentions to shift to direct self-custody once a robust framework is in place, minimizing third-party risks associated with ETF structures. Lee Bratcher of the Texas Blockchain Council emphasized that this purchase followed extensive market monitoring, highlighting the state’s commitment to secure, sovereign control over its digital reserves. Supporting data from public filings shows the investment draws from a dedicated.
Tag: ethereum
Arthur Hayes Liquidates Over $2 Million in Crypto Assets
The post Arthur Hayes Liquidates Over $2 Million com. Key Points: Arthur Hayes sells over $2 million in crypto assets. Large-scale sale impacts Ethereum and DeFi tokens. Market reacts with short-term volatility and liquidity concerns. Arthur Hayes, former BitMEX CEO, reportedly sold $2. 45 million in crypto, including ETH, ENA, LDO, AAVE, and UNI, tracked by Lookonchain on November 16, 2025. The sale impacts market volatility, pressuring DeFi tokens’ liquidity and Ethereum’s support levels, although no official statements from Hayes offer insight into the motives behind these transactions. Ethereum Market Faces Volatility Amid Large Sell-off The immediate implications of Hayes’ actions have been observed in various market segments. With his disposal of large quantities of digital assets, particularly Ethereum, market weaknesses have surfaced, triggering concerns about continuity at specific price points. The rapid liquidation of these assets is impacting short-term stability. Comments from financial experts underscore the temporary market strain. Tom Lee, an industry KOL, highlighted: “In my view, the weakness in cryptocurrencies has all the following signs: a significant gap in the balance sheets of one (or two) market makers; sharks are poised to sell Bitcoin, attempting to trigger a liquidation/price crash. This pain is short-term and will not change Wall Street’s supercycle of building Ethereum on the blockchain. Now is not the time to use leverage. Don’t let yourself get liquidated.” Market Data and Insights Did you know? Large-scale transactions by influential figures like Arthur Hayes have historically caused significant market dips, sometimes correlating with wider economic trends, influencing both investor sentiment and asset valuations. According to CoinMarketCap, Ethereum’s current price stands at $3,068. 35, with a market cap of approximately $370. 34 billion, reflecting 11. 65% dominance. Trading volume has reached $26. 36 billion, showing a 4. 33% decrease over 24 hours. In the past 90 days, ETH has faced a 29. 86% drop. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 19: 07 UTC.
Rapid USDC Mints on Ethereum May Herald Rise in Tokenized Gold Inflows
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BREAKING: BTC Plunges Below $100K. Is $90K Next?
The post BREAKING: BTC Plunges Below $100K. Is $90K Next? appeared com. Bitcoin, the flagship cryptocurrency, plunged below the $100, 000 level earlier today for the first time since June 22. It reached an intraday low of $99,941 on the OKX exchange before paring some losses. At press time, it is trading at $101,299. The top coin has now officially entered correction territory, plunging by more than 22% from its record peak that was achieved earlier this month. The odds of Bitcoin collapsing all the way to $90, 000 this year have now reached 51% on betting website Polymarket. For comparison, there was only an 11% chance of Bitcoin hitting that level just a month ago. This shows how quickly sentiment changes. Bitcoin’s most recent crash has been triggered by a recent sell-off in US equities due to growing artificial intelligence (AI) bubble fears. The leading cryptocurrency is now up just by a mere 8% this year, substantially underperforming gold. Ethereum turns negative for 2025 Meanwhile, Ethereum has now turned negative for the year, plunging below $3,300. The altcoin is now down by as much as 34% from its record peak. Source:.
Unanticipated Moves Shake Crypto Markets: What’s Next?
The post Unanticipated Moves Shake Crypto Markets: What’s Next? appeared com. As October draws to a close, Bitcoin maintains a position above $115,000, while Ethereum’s price surpasses $4,200. Although optimists named this month “Uptober,” the expected bullish wave has not fully materialized despite the cryptocurrencies hitting unprecedented highs. Continue Reading: Unanticipated Moves Shake Crypto Markets: What’s Next? Source:.
Uniswap Faces Crucial Support, Ethereum Slows on Upgrade Delays, While BlockDAG’s $430M Presale Dominates the Market
Uniswap is currently hovering near an important price support zone, drawing the attention of analysts and traders alike. Ethereum, on [.] The post Uniswap Faces Crucial Support, Ethereum Slows on Upgrade Delays, While BlockDAG’s $430M Presale Dominates the Market appeared first on Coindoo.
Solana is Crypto’s Fastest Economy, According to a New Grayscale Report
For a chain that many dismissed after the FTX collapse, the endorsement signals a sharp recovery in reputation and [.] The post Solana is Crypto’s Fastest Economy, According to a New Grayscale Report appeared first on Coindoo.
John Bollinger Spots W Bottoms in Ethereum and Solana but Not Bitcoin
TLDR John Bollinger identified W bottoms in ETH and SOL but not in BTC charts. ETH/BTC ratio rose 7% this week, showing Ethereum is outperforming Bitcoin. Ethereum gained 1. 52% and Solana rose 2. 15% in the last 24 hours. BlackRock reduced Bitcoin holdings and increased Ethereum exposure. Ethereum and Solana show early signs of recovery while [.] The post John Bollinger Spots W Bottoms in Ethereum and Solana but Not Bitcoin appeared first on CoinCentral.