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Coinbase Bitcoin Premium Plunges to Lowest Level Since April

48 minutes ago

May 21: Coinglass data shows Bitcoin’s negative premium on Coinbase stands at -0.1011%, hitting its lowest level since April. Analysts note that while Bitcoin has recorded a recent rebound amid eased Iran-related tensions, the continuously widening negative premium signals U.S. investors are accelerating their exit from the cryptocurrency.
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Bitcoin Treasury Company DDC Acquires 200 BTC, Total Holdings Reach 2,583 BTC

May 21: U.S.-listed Bitcoin treasury firm DDC Enterprise Limited announced it has added 200 bitcoins to its reserves, lifting total holdings to 2,583 BTC. The average purchase cost for these new bitcoins is roughly $79,496 per unit. The company noted the acquisition did not involve any new share issuances, meaning no equity dilution. This resulted in an 8.4% jump in Bitcoin holdings per 1,000 shares, now standing at 0.0543 BTC per 1,000 shares. Year-to-date, the firm’s BTC return has reached 36.6%, and with its current holdings, DDC now ranks among the top 30 global public companies by Bitcoin reserves.

5 minutes ago

SpaceX on Binance is trading at a slight premium compared to trade.xyz, with higher trading volume but slightly lower open interest.

As of May 21st, SpaceX’s pre-market contract on Binance is trading at $212.4, marking a slight premium over the $210.96 price on trade.xyz. Meanwhile, the pre-market contract has been listed on Binance for 8 hours, with a trading volume of $54.95 million—outpacing trade.xyz’s $30.19 million. Its open interest currently sits at $26.27 million, a figure that is slightly lower than trade.xyz’s $35.93 million.

5 minutes ago

Following NVIDIA's financial report, several investment banks have raised their price targets.

May 21 — Following Nvidia’s Q1 earnings release earlier today, multiple investment banks have raised their price targets on the chipmaker’s stock: - Baird: Lifted from $300 to $500 - Bank of America: Increased from $320 to $350 - Benchmark: Upgraded from $250 to $335 - Jefferies: Raised from $275 to $300 - JPMorgan: Boosted from $265 to $280 Nvidia (NVDA) currently trades around $223 per share. The target hikes signal analysts’ strong confidence in demand for the firm’s AI chips, its Blackwell platform, and data center growth. The average of these revised price targets implies roughly 30% additional upside for NVDA from current levels.

5 minutes ago

The Trump administration has awarded $2 billion in grants to nine quantum computing companies in exchange for equity.

May 21 — According to a Wall Street Journal report, the Trump administration has disbursed $2 billion in funding through the U.S. Department of Commerce to nine quantum computing firms in exchange for equity stakes. The specific allocations to recipients are as follows: - IBM: $1 billion - Chipmaker GlobalFoundries: $375 million - Publicly traded firms D-Wave Quantum, Rigetti Computing, and Infleqtion: $100 million each - Startup Diraq: $38 million (expected)

5 minutes ago

The initial jobless claims in the United States for the week ending on May 16th were 209,000, slightly lower than expected.

On May 21, U.S. initial jobless claims for the week ending May 16 came in at 209,000, slightly below the 210,000 consensus estimate, and lower than the prior week’s 211,000 reading.

5 minutes ago

Forbes: Iran Holds Around $7.7 Billion Worth of Digital Assets

May 21 — Forbes reports that as tensions in the Middle East continue to escalate, U.S. officials are working to sever financial channels tied to the Iranian regime and stepping up efforts to crack down on Iran’s growing use of cryptocurrency. A new estimate from a threat intelligence firm finds Iran controls roughly $7.7 billion in digital assets. Industry insiders believe Washington could ramp up pressure further by threatening to disconnect cryptocurrency exchanges from the U.S. banking system.

5 minutes ago

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