Largest US pension faces losses as Strategy buy falls from $144M to $80M

Bitcoin has recently experienced a shift in market sentiment, with sell dominance pausing as taker flow turns neutral. This change may lead to price stabilization, potentially attracting cautious investors and reducing volatility in the cryptocurrency market.

California's pension fund, CalPERS, has invested $80 million in Strategy shares, providing it with indirect exposure to Bitcoin. This investment reflects a growing trend among institutional investors to explore cryptocurrency as a viable asset class, signaling a shift in traditional asset management practices.

Bhutan has allocated $970,000 in Ethereum for staking, marking a significant step in the country's strategic embrace of blockchain technology. This investment is expected to enhance Bhutan's digital infrastructure and foster innovation within its economy.

A dormant Bitcoin whale has sold a significant amount of Bitcoin after nearly three years, realizing a profit of $12.5 million. This sale underscores the potential for substantial gains from long-term Bitcoin holding, which can influence market dynamics and investor strategies.

Upbit, South Korea's largest cryptocurrency exchange, has reported a hack resulting in a loss of approximately $37 million from its Solana network. The exchange has suspended all deposits and withdrawals as it investigates the incident and aims to bolster security measures to protect customer assets.

CleanSpark's stock surged by 14% following a remarkable 102% year-over-year revenue growth, positioning the company as a significant player in the AI infrastructure sector. This growth reflects CleanSpark's strategic investments and operational efficiency in a competitive market.

SpaceX has transferred 1,163 Bitcoin, valued at approximately $105 million, to a new wallet linked to Coinbase Prime, reducing its on-chain holdings to 6,095 BTC. This significant movement underscores the increasing involvement of major corporations in managing substantial cryptocurrency assets.

Nasdaq ISE has proposed increasing the options trading limits for BlackRock's iShares Bitcoin Trust (IBIT) from 250,000 to 1 million, a move aimed at enhancing market liquidity and efficiency amid growing institutional interest in cryptocurrency derivatives trading.