Cryptocurrency Live News & Updates : The Smarter Web Company Secures $37.1 Million for Bitcoin
17 Jun 2025 | 03:05:12 AM IST
Bitcoin climbed 3.1% to $108,600, approaching its all-time high, driven by positive news from JPMorgan and the upcoming launch of Purpose's ETF, while XRP also saw gains. Bitcoin's recent surge to $108,600, a 3.1% increase, is attributed to favorable developments in the crypto space, including JPMorgan's trademark application for a digital asset platform and Purpose's upcoming XRP ETF launch. Meanwhile, traditional markets showed renewed risk appetite, with notable gains in crypto stocks like Coinbase and Circle. Optalysys, a UK startup, introduced a blockchain server utilizing Fully Homomorphic Encryption, promising more efficient and secure processing of encrypted data. H100 Group is also making headlines, targeting a $79 million raise to bolster its bitcoin strategy, with Blockstream CEO Adam Back already contributing $15 million. Lastly, JPMorgan's deeper foray into digital assets reflects a significant shift in Wall Street's attitude towards cryptocurrencies, as the bank prepares to offer various digital asset services. Collectively, these developments highlight a growing institutional interest in the crypto market, setting the stage for potential future growth. Show more
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