Bitcoin Nears $104K; Nakamoto Raises $300M for Nasdaq Merger
Key Takeaways
- Bitcoin approached $104,000 amid 'risk-on' market sentiment.
- Nakamoto raised $300M and plans a Nasdaq merger.
- 344,620 new Bitcoin wallets were created, signaling increased interest.
- MARA stock surged despite missing earnings due to cost-cutting measures.
- Litecoin climbed 10% in bullish trade.
Top Stories
Bitcoin nears $104K amid 'Risk-on' sentiment.
On 2025-05-10, Bitcoin approached $104,000 as market sentiment leaned towards a 'risk-on' approach.
Nakamoto raises $300M, plans Nasdaq merger.
On 2025-05-09, David Bailey's Nakamoto, a new bitcoin-focused investment firm, closed a $300 million raise to buy/hold Bitcoin and invest in companies. Reports also indicated Nakamoto will merge with a Nasdaq-listed company, with an announcement expected soon.
344,620 new Bitcoin wallets created.
An article published on 2025-05-09 discussed the creation of 344,620 new Bitcoin wallets, suggesting increased interest and potential market activity.
MARA stock surges despite earnings miss.
On 2025-05-09, it was reported that Bitcoin miner MARA's stock surged despite missing earnings expectations, as analysts applauded cost-cutting measures.
Litecoin climbs 10% in bullish trade.
On 2025-05-10, Litecoin climbed 10% in bullish trade, reflecting overall positive sentiment in the crypto market.
Market Pulse
Crypto liquidation record: $879,000,000,000 'Bears in Bloodbath'.
CZ advises Bitcoin panic-sellers.
On 2025-05-09, Binance's CZ offered key advice to those panic-selling their Bitcoin.
Caution urged against excessive Bitcoin bullishness.
Published on 2025-05-09, Bitcoin (BTC) is cautioned against excessive bullishness towards the $100,000 mark.
Tech Advancements
Coinbase launches 24/7 Bitcoin futures trading.
Regulation Front
Senator Warren calls to block Big Tech stablecoins.
On 2025-05-09, Senator Warren called for blocking Big Tech stablecoins as Meta was said to mull tokens, indicating regulatory scrutiny that could indirectly affect Bitcoin.