2022-6-21 23:32 |
MarketWrap Monday, June 20th origin »
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Doubts emerge over the Bitcoin corporate treasury model as institutional BTC investment vehicles cut holdings.
Situational Awareness reportedly made a $400 million investment in an undisclosed company, days after the hedge fund nearly collapsed following July’s AI stock crash.
US-listed Bitcoin ETFs attracted $244.4 million on Wednesday, marking three consecutive inflow days for a combined $626 million.
Federal Reserve Governor Lisa Cook said she is “prepared to act” if inflation remains too high above the Fed’s target rate.
Eliza Labs founder Shaw Walters said the project transferred its remaining treasury to settle a tokenholder lawsuit and will continue building Eliza without an associated cryptocurrency.
Cash App and Square drove better-than-expected results, while the company said it expanded its use of AI across software engineering.
Gold and US stocks stole the limelight on Wednesday as Bitcoin failed to gain significantly beyond $64,000.