BlackRock spends $107 million on Bitcoin, stablecoin launches, Shiba Inu boss still offline
- BlackRock purchased over 1,200 BTC for $107.9 million, signaling strong market preference for Bitcoin among institutions.
- Trump backed World Liberty Financial, Custodia Bank, the US state of Wyoming and Fidelity have announced stablecoin launch plans.
- Shiba Inu boss Shytoshi Kusama has been offline for over a week now, raising concerns among SHIB holders.
- Bitcoin hovers around $87,000, and Shiba Inu tests key resistance at $0.00001428.
BlackRock, a giant with $11.5 trillion in assets under management, spent $107.9 million to fund its BTC purchase on Wednesday. The move is consistent with demand for BTC among institutional investors.
Amidst the demand revival among crypto traders, several financial…
