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JPMorgan has revised its bitcoin production cost estimate to $45,000 for now, noting ongoing hashrate shifts post-halving.Its previous estimate was $42,000, which still remains for the medium term, JPMorgan’s Nikolaos Panigirtzoglou told The Block.
The exploiter seems to be using flash loans to get enough SOL to buy out Pump.fun memecoin bonding curves.
Bloomberg ETF analyst Eric Balchunas said BlackRock having more than 400 holders report they own its spot bitcoin ETF is a “mind boggling” result.With $844 million worth of BlackRock’s ETF, Millennium Management led the way in terms of total shares owned, followed by Schonfeld Strategic Advisors and Aristeia Capital.
Bitcoin derivatives traders are still ready to pay a premium for short-term downside protection, analysts say.However, a longer-term outlook shows a more optimistic options distribution, skewed towards calls, the analysts added.
- 21:23ECB cuts rates by 25 bps as expectedOn January 30, Gold Ten reported that the ECB cut the deposit facility rate by 25BP to 2.75%, in line with market expectations and the fourth consecutive meeting of a 25BP rate cut. The main refinancing rate and marginal lending rate were lowered from 3.15% and 3.40% to 2.90% and 3.15% respectively.
- 21:21Mizuho: MSTR Position Expected to Reach 783,000 BTC by the End of 2027, Coin Price Rises to $166,000On January 31, Mizuho Securities believes that the price of Bitcoin has 30% more room to rise in the next three years, which is why the firm rates MicroStrategy's stock as an outperform, according to TheBlock. Mizuho analysts, led by DanDolev, point to Bitcoin's growing global adoption and a more favorable political environment under U.S. President Donald Trump. Assuming that adoption growth continues on the same trajectory as before through 2027, this would imply that the price of Bitcoin would rise 25-30% per year. MSTR's bitcoin holdings are expected to reach 783,000 by the end of 2027, with the market price of bitcoin rising to $166,000, implying an MSTR position worth $130 billion.
- 19:49Market news: Artificial intelligence (AI) startup ElevenLabs raises funds at over $3 billion valuationGolden Finance reports on market news: Artificial intelligence (AI) startup ElevenLabs raised funds at a valuation of over $3 billion.