Bitcoin Rally Has ‘Serious Institutional Money’ Behind It, Devere Says
WorldPing
Bitcoin’s renewed advance reflects stronger institutional demand, according to Devere Group CEO Nigel Green, who predicts that bulls have regained control. His outlook follows a rebound in ETF inflows, despite uneven fund demand and a U.S. legislative setback.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
Stablecoin issuer Circle is courting crypto-owning institutions, launching a lending service on Monday that lets them borrow USDC against their bitcoin holdings.
Brief by WorldPing · Original reporting by Bitcoin.com
Circle is bringing Bitcoin-backed borrowing to institutional clients, allowing them to tap BTC holdings for USDC liquidity without selling their Bitcoin.
Brief by WorldPing · Original reporting by Cointelegraph
Bitcoin treasury companies Strategy and Strive bought about $183 million of BTC last week as the cryptocurrency’s rebound helped corporate balance sheets recover losses. Strategy Inc., the largest corporate holder of Bitcoin, acquired 950 BTC for $75.
Brief by WorldPing · Original reporting by CryptoSlate