FomoScope - Crypto FOMO Detection & Analysis

cointelegraph.com Mar 11, 2025 19:09

Bitwise launches Bitcoin corporate treasury ETF - Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11. The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise said. The ETF is the latest in a flurry of new investment products aimed at offering exposure to companies with large Bitcoin treasuries. “A lot of people wonder: Why do companies buy and hold bitcoin? The answer is simple: For the exact same reasons people do,” Matt Hougan, Bitwise’s chief investment officer, said in a statement.“These companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government.”Public companies are among the largest institutional Bitcoin holders. Source: BitcoinTreasuries.NETRelated: Trump-linked Strive files for ‘Bitcoin Bond’ ETFIndex of Bitcoin buyersAs of March 11, the ETF’s largest holdings include Strategy (MSTR), Michael Saylor’s de facto Bitcoin fund, and Bitcoin miners such as MARA Holdings (MARA), CleanSpark (CLSK), and Riot Platforms (RIOT).It also includes stocks such as gaming company Boyaa Interactive and investment manager Galaxy Digital (GLXY). Bitwise’s index is weighted based on the amount of Bitcoin held, with the largest holding capped at 20%, the asset manager said. OWNB’s largest holdings. Source: BItwiseBitcoin treasuries take offIn 2024, rising Bitcoin prices sent shares of Strategy soaring more than 350%, according to data from FinanceCharts. The move prompted dozens of other companies to start accumulating Bitcoin treasuries. According to BitcoinTreasuries.NET, corporate Bitcoin holdings exceed $54 billion as of March 11. Strategy remains the largest corporate Bitcoin holder, with a treasury worth more than $41 billion, the data shows. Even the US government has created a strategic Bitcoin reserve, initially comprising only Bitcoin seized by law enforcement. Other asset managers are launching similar investment products to Bitwise’s. In December, asset manager Strive, founded by former US presidential hopeful Vivek Ramaswamy, asked United States regulators for permission to list an ETF investing in convertible bonds issued by Strategy and other corporate Bitcoin buyers. The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities” issued by companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing. Asset manager REX Shares is also preparing to launch a Bitcoin corporate treasury ETF, it said on March 10.Magazine: Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’

FOMO: 90%

www.coindesk.com Mar 11, 2025 18:59

Ukraine Ceasefire Breakthrough Sends Markets Into Green; Bitcoin Retakes $83K - Bitcoin fell to as low as $76,600 overnight.

FOMO: 85%

en.cryptonomist.ch Mar 11, 2025 17:37

Best Crypto to Buy Now During The Dip – Is Bitcoin Dead? - Bitcoin made a slight comeback on Tuesday after initially falling to $76k yesterday—its lowest since November 2024. At the time of writing, the crypto king is now back above the $80k level as whales continue to buy the dip in anticipation of a bigger bullish reversal. On-chain data, especially...

FOMO: 85%

news.bitcoin.com Mar 11, 2025 18:30

Cantor Fitzgerald Launches $2 Billion Bitcoin Financing Initiative - Cantor Fitzgerald, a global financial services firm, is launching a bitcoin financing business to provide leverage to investors holding the cryptocurrency. Wall Street Firm Expands Into Bitcoin Leverage Services The New York-based company announced it will begin operations with $2 billion in initial financing, planning to expand significantly over time. The initiative aims to meet […]

FOMO: 85%

thedefiant.io Mar 11, 2025 17:01

U.S. Congressman Nick Begich Introduces Strategic Bitcoin Reserve Bill to Buy 1 Million BTC with Six Co-Sponsors - U

FOMO: 90%

cointelegraph.com Mar 11, 2025 17:20

4 signs that $76.7K Bitcoin is probably the ultimate low - Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index.The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn.Despite Bitcoins 30% drop from its all-time high of $109,350, four key indicators suggest that the correction may be over.Bitcoin bear market needs 40% drop, strong USDSome analysts argue that Bitcoin has entered a bear market. However, the current price action differs significantly from the November 2021 crash, which started with a 41% drop from $69,000 to $40,560 in just 60 days.A comparable scenario today would imply a decline to $64,400 by the end of March.Bitcoin/USD in Nov. 2021 vs. Feb. 2025. Source: TradingView / CointelegraphThe current correction mirrors the 31.5% drop from $71,940 on June 7, 2024, to $49,220 over 60 days.Additionally, during the late 2021 bear market, the US dollar was strengthening against a basket of foreign currencies, as reflected in the DXY index, which surged from 92.4 in September 2021 to 96.0 by December 2021.DXY (left, blue) vs. BTC/USD (right). Nov. 2021 vs. Feb. 2025. Source: TradingView / CointelegraphThis time, however, the DXY started 2025 at 109.2 and has since declined to 104. Traders argue that Bitcoin maintains an inverse correlation with the DXY index, as it is primarily viewed as a risk-on asset rather than a safe-haven hedge against dollar weakness.Overall, current market conditions show no signs of investors moving to cash positions, which supports Bitcoin’s price.BTC derivatives healthy as investors fear AI bubbleThe Bitcoin derivatives market remains stable, as the current annualized premium on futures stands at 4.5%, despite a 19% price drop between March 2 and 11.For comparison, on June 18, 2022, this indicator fell below 0% after a sharp 44% decline from $31,350 to $17,585 in just 12 days.Bitcoin 2-month futures annualized premium. Source: laevitas.chSimilarly, the Bitcoin perpetual futures funding rate is hovering near zero, signaling balanced leverage demand between longs and shorts. Bearish market conditions typically drive excessive demand for short positions, pushing the funding rate below zero.Several publicly traded companies with market values exceeding $150 billion have seen sharp declines from their all-time highs, including Tesla (-54%), Palantir (-40%), Nvidia (-34%), Blackstone (-32%), Broadcom (-29%), TSM (-26%), and ServiceNow (-25%). Investor sentiment, especially in the artificial intelligence sector, has turned bearish amid growing recession fears.Related: Bitcoin $70K retracement part of ‘macro correction’ in bull market — AnalystsTraders are concerned about a potential US government shutdown on March 15, as lawmakers must pass a bill to raise the debt ceiling. However, according to Yahoo Finance, the Republican party remains divided.The key points of contention in House Speaker Mike Johnson’s proposal are increased spending on defense and immigration.Risk-on markets, including Bitcoin, are likely to react positively if an agreement is reached.Real estate crisis is not necessarily negativeEarly signs of a real estate crisis could accelerate capital outflows into other scarce assets. According to Feb. 27 data from the US National Association of Realtors, home contract signings fell to an all-time low in January.Additionally, a Feb. 23 opinion piece in The Wall Street Journal revealed that over 7% of Federal Housing Administration-insured loans are at least 90 days past due, surpassing the peak of the 2008 subprime crisis.In essence, Bitcoins path to reclaiming $90,000 is supported by a weaker US dollar, historical evidence that a 30% price correction does not signal a bear market, resilience in BTC derivatives markets, contagion from government shutdown risks, and early signs of a real estate crisis.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 88%

news.bitcoin.com Mar 11, 2025 16:30

New Bitwise Bitcoin Standard Corporations ETF Targets Corporate Bitcoin Holders - The Bitwise Bitcoin Standard Corporations ETF, trading as OWNB, has launched, focusing on corporations holding significant bitcoin assets. OWNB: New ETF Captures Corporate Giants With Heavy Bitcoin Investments In a significant development in the cryptocurrency investment landscape, the Bitwise Bitcoin Standard Corporations ETF commenced trading today under the ticker OWNB. This new exchange-traded fund (ETF) […]

FOMO: 85%

cointelegraph.com Mar 11, 2025 16:27

Coinbase plans India comeback with FIU registration - Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU). On March 11, the crypto exchange revealed on social media that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal.“Coinbase is now FIU-registered,” said Grewal. “It’s a major step towards empowering Indian entrepreneurs to build, innovate and scale global onchain businesses — all from home.”A Coinbase blog post confirmed that the exchange plans to offer cryptocurrency trading services in the country but did not specify a timeline for service rollout. In addition to crypto traders, India’s developer community could benefit from the availability of Coinbase and its related tools, including its Base network, according to the company’s APAC regional managing director, John O’Loghlen.Cointelegraph contacted Coinbase for more information about its India launch plans but did not receive an immediate response.Coinbase’s first foray into India in 2022 lasted mere days after it ran into issues with the country’s central bank. Coinbase said at the time that it was “committed to working with [...] relevant authorities to ensure that we are aligned, with local expectations and industry norms.”Related: India may change crypto policy due to international adoption: reportIndia pivots on cryptoIndia has had a complicated history with cryptocurrency, with the FIU banning several crypto exchanges over the years. Legal expert Amit Kumar Gupta told Cointelegraph that many lawmakers view the industry negatively, associating it with gambling and illegal activities. This partly explains why some elements of the Indian government want to purge the sector by implementing harsh tax laws.Nevertheless, the tides appear to be shifting as global crypto adoption heats up, which has prompted fears that India will be left behind. In February, Reuters cited India’s economic affairs secretary Ajay Seth as saying that cryptocurrencies “don’t believe in borders,” suggesting that the country needs to get ahead of the adoption curve.In terms of crypto adoption, India receives the highest grades among CSAO countries. Source: ChainalysisDespite the controversy, India has emerged as the leading country in terms of crypto adoption within the Central, Southern Asia and Oceana (CSAO) region, according to a 2024 report by Chainalysis. India received especially high marks for retail and decentralized finance adoption, the report said.Magazine: How crypto bots are ruining crypto — including auto memecoin rug pulls

FOMO: 85%

youtube.com Mar 11, 2025 16:00

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cointelegraph.com Mar 11, 2025 15:30

Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians - Investment banking firm Cantor Fitzgerald has selected Anchorage Digital and Copper as its Bitcoin custodians and collateral managers as it launches its new digital asset financing business targeting institutional investors.In a March 11 announcement, Cantor Fitzgerald said it is rolling out its Bitcoin (BTC) financing business with $2 billion in initial capital to help institutional investors borrow against their crypto holdings. Anchorage Digital and Copper will safeguard clients’ digital assets by acting as custodians and collateral managers, the company said. Source: Anchorage DigitalAnchorage Digital is an institutional cryptocurrency platform that operates the only federally chartered digital asset bank in the United States.Copper is a crypto custodian backed by Barclays, the British multinational financial institution.Copper CEO Amar Kuchinad said Cantor Fitzgerald’s new offering will help institutional investors “diversify their portfolios” into digital assets. He cited the “growing demand for sophisticated financing solutions” in the Bitcoin space. Cantor Fitzgerald unveiled plans for its BTC financing business in July of last year “to provide leverage to investors who hold Bitcoin,” the company said at the time.Since then, the company has broadened its exposure to the digital asset market, including acquiring a 5% stake in stablecoin issuer Tether.Cantor Fitzgerald has more than $5 billion in assets under management, based on the latest regulatory filings.Related: Bitcoin miner CleanSpark to join S&P SmallCap 600 IndexInstitutional Bitcoin demand remains strong despite market volatilityThe successful launch of US spot Bitcoin exchange-traded funds (ETFs) more than one year ago revealed the huge pent-up demand for BTC among institutional investors. By February, Bitcoin exchange reserves had fallen to more than two-year lows thanks to institutional buying pressure.Despite the recent market sell-off that was triggered by the US-led tariff war and recession fears, institutional Bitcoin investments continue to grow, with more Wall Street firms moving into the custody business. As Forbes reported, Citi and State Street are planning to offer crypto custody services by 2026. A separate Bloomberg report on March 11 revealed that German exchange group Deutsche Boerse is planning to launch Bitcoin and Ether (ETH) custody beginning next month.Magazine: SEC’s U-turn on crypto leaves key questions unanswered

FOMO: 90%

voiceofcrypto.online Mar 11, 2025 15:30

Shiba Inu Price Spikes After Key Bounce - Shiba Inu price experiences a notable spike after bouncing off a key support level, signaling renewed investor optimism and potential upward momentum.

FOMO: 85%

thestreet.com Mar 11, 2025 14:57

Senator Cynthia Lummis to reintroduce the Bitcoin bill in US Congress - Senator Cynthia Lummis will reintroduce the Bitcoin bill in the US Congress. The bill asks the US government to acquire up to 1 million Bitcoin for its Reserve.

FOMO: 85%

altcoinbuzz.io Mar 11, 2025 14:56

Coinbase Launches 24/7 BTC & ETH Futures - This move gives traders uninterrupted access to managing risk and seizing opportunities—just like crypto itself. In addition, Coinbase is developing a perpetual-style futures contract. This is a game-changer for US traders whove been missing out on a key product. Breaking Free from Fixed Hours...

FOMO: 90%

feeds2.benzinga.com Mar 11, 2025 14:23

Anthony Scaramucci Says Bitcoin Is \Digital Store Of Value\ And \The US Should Own It\ - Bitcoin (CRYPTO: BTC) is a very valuable long-term strategic asset that the United States should hold in its reserves, according to Anthony Scaramucci, read more

BTC

FOMO: 90%

cryptopotato.com Mar 11, 2025 14:45

3 Reasons Why Dogecoin (DOGE) Could Turn Bullish Again Soon - Whales have bought more than 1.4 billion DOGE tokens in the past 24 hours.

DOGE

FOMO: 90%