🔸️ Bitcoin News

🪙 Long-term bitcoin holders reaccumulating for first time since last December: Glassnode Long-term bitcoin holders are starting to re-accumulate for the first time since December 2023 after multiple months of selling, according to Glassnode data. "Residing just shy of its all-time high, bitcoin continues to consolidate, with long-term holders beginning to re-accumulate coins for the first time since December 2023," a report from the market intelligence firm said today. Source @BitcoinAltcoinCryptoNews

🪙 Long-term bitcoin holders reaccumulating for first time since last December: Glassnode Long-term bitcoin holders are starting to re-accumulate for the first time since December 2023 after multiple months of selling, according to Glassnode data. "Residing just shy of its all-time high, bitcoin continues to consolidate, with long-term holders beginning to re-accumulate coins for the first time since December 2023," a report from the market intelligence firm said today. Source

💰 BlackRock adds $4.1 million of its IBIT spot Bitcoin ETF to two funds Asset management giant BlackRock added $4.1 million worth of its spot Bitcoin ETF shares to two of its funds, according to May 28 SEC filings. The asset manager added $3.6 million of its iShares Bitcoin Trust (IBIT) shares to its BlackRock Strategic Income Opportunities Portfolio (BSIIX). Each purchase covers additions in the first quarter of 2024. BlackRock previously disclosed plans to add IBIT to its other funds in its SEC filings on March 8. Source @BitcoinAltcoinCryptoNews

💰 Medical Tech Firm Semler Scientific Invests in Bitcoin, Acquires 581 BTC On Tuesday, the publicly traded medical technology firm Semler Scientific announced its decision to allocate bitcoin to its treasury. The company disclosed that it had acquired 581 bitcoins for a total of $40 million. Semler Scientific, Inc., known for developing, manufacturing, and marketing products and services for early detection and treatment of chronic diseases, was co-founded by Dr. Herbert J. Semler in 2007. Eric Semler, the company’s chairman, expressed a strong belief in bitcoin’s future. Source @BitcoinAltcoinCryptoNews

JUST IN: 💰 Michael Saylor gives one of the best explanations on the effects of a Bitcoin standard 🔥 “Every political party, every politician, every movement will find that they will be the best version of themself. They will be more effective, they will be more ethically grounded, they will be more technically grounded and they will be more economically grounded in pursuit of their mission if they embrace Bitcoin and a Bitcoin standard.” - Michael Saylor @BitcoinAltcoinCryptoNews

💰 JPMorgan casts doubt on SEC approval for Solana and other crypto ETFs JPMorgan is skeptical about the United States Securities and Exchange Commission approving Solana and other crypto exchange-traded funds now that Ethereum ETFs have been approved. Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, told The Block that the investment bank doubts the SEC will approve such funds given its stance that most cryptocurrencies are securities. Source @BitcoinAltcoinCryptoNews

💰 Strike CEO sees Bitcoin at $1m this cycle: ‘We’re still so early in the story’ Jack Mallers, the CEO of Strike, a Bitcoin (BTC) payments app, has made bold predictions about the price of the orange coin. Bitcoin could hit $1 million this bull cycle, he predicts. In a recent podcast with Anthony Pompliano on his YouTube channel, Mallers doubled down on his prediction that Bitcoin could reach $1 million per coin in the current market cycle. “We’re still so early in the Bitcoin story,” he said. “I think Bitcoin will hit $250,000 to $1 million in this cycle.” Source @BitcoinAltcoinCryptoNews

🇺🇸 SEC's approval of 🪙 Ethereum ETFs still leaves some questions on whether ETH is a security, lawyers say The U.S. Securities and Exchange Commission's approval of spot Ethereum products left some this past week wondering: is ether a commodity now? That answer is still unclear. Whether the SEC has jurisdiction over ether has been hazy. The agency's Chair Gary Gensler has not explicitly said ether is a security. However, Consensys alleged that the agency has considered ether to be a security, in a complaint the crypto firm lodged against the agency last month. Source @BitcoinAltcoinCryptoNews

💰 Spot bitcoin ETFs record net inflows for nine straight days U.S. spot bitcoin exchange-traded funds recorded a ninth consecutive day of net inflows, drawing in $107.91 million on Thursday. This is the longest streak of positive flows seen in spot bitcoin ETFs since mid-March, when they logged 10 straight days of inflows. BlackRock’s IBIT led the inflows with $89 million, followed by Fidelity’s FBTC that drew in $19 million. VanEck’s spot bitcoin fund also reported net inflows of $10 million, according to data from SoSoValue. Source @BitcoinAltcoinCryptoNews

🇺🇸 U.S. 💰 Bitcoin ETF Holdings Hit New High of More Than 850K Tokens U.S.-listed spot bitcoin exchange-traded funds now hold a record 850,707 BTC in custody, beating a previous high above 845,000 from early April. Among those funds, Grayscale’s GBTC remains the biggest holder of bitcoin with 289,300 tokens worth more than $20 billion, followed closely by BlackRock’s IBIT at 283,200 and $19.6 billion, according to data tracked by HODL15Capital. Source @BitcoinAltcoinCryptoNews