Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim

Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing.

The fifth-largest cryptocurrency is benefitting from multiple catalysts, including bustling meme coin and DeFi activity, upcoming network upgrade and increasing interest in restaking arriving to the ecosystem.

The halving and a possible U.S. mining tax have miners considering new locations for basing their cost-sensitive operations.

The CoinDesk 20 Index is higher by more than 4% over the past 24 hours as crypto's big rally this week continues.