Jamie Crawley is a CoinDesk news reporter based in London.
Mt. Gox moved over $3 billion worth of BTC between different wallets, according to Arkham data. It ultimately sent $130 million to crypto exchange Bitstamp. There's an expectation that creditors will immediately sell their BTC on receipt, which is why the coin movements tend to weigh on bitcoin's price. BTC sits at around $66,500 at the time of writing, little changed from 24 hours ago. The wider crypto market, as measured by the CoinDesk 20 Index was also little changed.
The BlackRock iShares Ethereum Trust ETF led with inflows of $266.5 million, followed by Bitwise's Ethereum ETF at $204 million. Total trading volume was around one-fifth the bitcoin equivalents experienced on their debut in January. Many market observers had speculated that volume and flow for the ETH ETFs would be underwhelming due to a lack of staking mechanism. Ether traded just below $3,500 during the Asian and European mornings, around 1.3% lower than 24 hours ago.
“The company is building 510 MW of data centers in 2024, secured 2,160 MW of power capacity, and has a 1 GW plus development pipeline,” analysts wrote. The broker raised its target for the company to $15 from $12 while maintaining its buy rating. Iris Energy was trading 3% higher at $11.23 in pre-market trading on Nasdaq. Earlier this month, Iris shares slumped 14% after a short seller said its Childress, Texas site was not suitable for hosting AI or high-performance computing.
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