Cryptocurrency Live News & Updates : K33 Expands Bitcoin Holdings with New Acquisition
Bitcoin asset management firm K33 has purchased an additional 36 bitcoins for around 42.8 million Swedish kronor, increasing its total holdings to 121 bitcoins. In recent developments, K33 has bolstered its Bitcoin portfolio with a significant acquisition of 36 bitcoins, reflecting a growing interest in the cryptocurrency market. Meanwhile, Vanguard, traditionally skeptical of crypto, has inadvertently become a major institutional backer of Bitcoin through its holdings in Strategy, despite its ongoing reservations about the asset class. In the Ethereum space, Eric Jackson of EMJ Capital predicts a potential surge in ETH prices, projecting a target of $1.5 million per token as Ethereum evolves into a key financial infrastructure. Additionally, Metaplanet CEO Simon Gerovich is leading a consortium to acquire shares in the Korean firm SGA, aiming to enhance Bitcoin reserves in Asia. Lastly, U.S. banking regulators have issued a statement on the custody of digital assets, clarifying existing rules without introducing new policies, as the industry anticipates further regulatory developments during the U.S. House of Representatives' Crypto Week. These events highlight the dynamic landscape of cryptocurrency investment and regulation, underscoring both institutional interest and the evolving regulatory framework. Show more
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