UAE embraces Bitcoin, IBIT attracts $1B: A global BTC shift unfolding?

Bitcoin Technical Analysis Report

Bitcoin surged decisively past the critical $100,000 mark this week, reigniting bullish sentiment across the market. The move not only reestablished a major psychological milestone but also reinforced investor confidence, as BTC held onto its 10% weekly gains heading into the weekend. Fueling this breakout was continued strong institutional interest, particularly in the BlackRock iShares Bitcoin Trust (IBIT). According to data from Farside Inves…

UAE-Based Phoenix Group Mines 350 Bitcoins in Q1 2025, Reports $31.26 Million Revenue Amid Global Expansion

The group reported gross profit of $6.30mln as of 31 March 2025 Phoenix Group posted consolidated revenues valued at $31.26 million in the first quarter (Q1) of 2025, according to the financial results. The group reported gross profit of $6.30 million as of 31 March 2025, while operating expenses totaled $9 million, reflecting increased costs associated with scaling operations globally. Phoenix Group mined more than 350 Bitcoins in Q1-25, which …

UAE embraces Bitcoin, IBIT attracts $1B: A global BTC shift unfolding?

Bitcoin crosses $100K, attracting billions in ETF inflows and rising adoption by Middle Eastern sovereign wealth funds.

IBIT, BlackRock’s Cash Bitcoin ETF, published more than $1 billion this week in the middle of a 19-time running of continuous net capital inflows. It matches BTC’s rebound on $100k. *** IBIT, BlackRock’s Cash Bitcoin ETF, published more than $1 billion this week. It marks a record in 2025 with a cumulative 19-time running of net capital inflows. It matches Bitcoin’s rebound, which this week resumed the key level of USD $100,000. BTC is trading a…