Proposed legislation is under consideration in Ukraine that would authorize the National Bank of Ukraine (NBU) to potentially hold cryptocurrencies, including Bitcoin, as part of its official reserve assets. This legislative amendment would allow the central bank, at its discretion,… Read More »Ukraine Moves to Grant Central Bank Option to Hold Crypto Reserves
Recent analysis confirms that tariffs implemented with the aim of revitalizing domestic manufacturing have failed to achieve their primary objective of bringing jobs back. The policy measures, while intended to boost local employment, did not result in the anticipated return… Read More »Tariffs Fail to Revive Jobs, Disrupt Temu’s Crypto Operations
Ripple and Ondo Finance have partnered to introduce tokenized US Treasuries (OUSG) on the XRP Ledger (XRPL). This collaboration utilizes Ripple’s RLUSD stablecoin for minting, redeeming, and trading the tokenized treasury assets. The initiative aims to bridge traditional finance with… Read More »Ripple and Ondo Finance Launch Tokenized US Treasuries on XRP Ledger Using RLUSD
Investment firm F Street has announced a strategic initiative to allocate $10 million towards Bitcoin acquisition. The move positions Bitcoin as a core component of the firm’s asset strategy, explicitly aimed at hedging against inflation and potential depreciation of the… Read More »F Street Commits $10 Million to Bitcoin Allocation as Inflation Hedge
A significant leveraged short position on Ethereum (ETH) faces potential liquidation as the cryptocurrency’s price approaches critical levels. ETH recently peaked at $2,880, moving closer to the liquidation threshold for a substantial bearish bet. The position, holding 40,000 ETH, carries… Read More »$111 Million Ethereum Short Position Nears Liquidation as ETH Price Surges
A cryptocurrency trader identified as ‘kyoyo’ has initiated a substantial short position on Bitcoin, valued at approximately $134 million. The position involves 1,240 BTC and utilizes 40x leverage, representing a high-risk, high-reward strategy. The entry price for the short is… Read More »Whale Trader Opens $134 Million Bitcoin Short Position with High Leverage
The U.S. Securities and Exchange Commission (SEC) has denied registration for DeFi Development’s planned $1 billion securities offering. The funds were intended to bolster the company’s holdings of SOL, the native token of the Solana blockchain. However, the regulator cited… Read More »SEC Rejects DeFi Development’s $1 Billion Offering Targeting Solana Expansion
Cryptocurrency market maker and investor DWF Labs has publicly advocated for an adjustment to the NEAR Protocol’s economic model, pushing for a reduction in the network’s inflation rate to 2.5%. Andrei Grachev, a partner at the firm, stated this change… Read More »DWF Labs Proposes NEAR Inflation Rate Cut to 2.5%, Commits to 10 Million Token Buy
Bitcoin’s on-chain activity has decreased significantly despite substantial institutional investments flowing into Bitcoin exchange-traded funds (ETFs), revealing a growing divergence between institutional and retail market participation. Institutional investors injected $386 million into Bitcoin ETFs recently, signaling strong confidence in the… Read More »Bitcoin Network Activity Declines Despite $386M ETF Inflows, Highlighting Institutional-Retail Divergence
Congressman William Timmons has formally requested the Securities and Exchange Commission (SEC) to provide clarity on Ethereum’s (ETH) regulatory classification. Timmons is urging SEC Chair Gary Gensler to release internal documents related to the agency’s deliberations on whether ETH is… Read More »US Lawmaker Urges SEC to Disclose Ethereum’s Regulatory Status
GameStop has secured $1.75 billion through the private placement of convertible senior notes, significantly bolstering its financial resources. The notes, maturing in 2032, are unsecured obligations and do not accrue periodic interest or principal. Proceeds are earmarked for general corporate… Read More »GameStop Raises $1.75 Billion, Acquires 4,710 BTC in Strategic Expansion
Ethereum’s derivatives market has surpassed Bitcoin’s in activity, fueled by growing institutional interest, speculation surrounding potential spot ETFs, and the unveiling of a new security roadmap. This shift signals strong potential for Ethereum’s continued growth. Recent trading data highlights the… Read More »Ethereum Derivatives Market Overtakes Bitcoin Amid Institutional Interest and ETF Speculation
Analysts project Bitcoin may see modest gains during the third quarter of 2024, tempered by historical seasonal trends and prevailing macroeconomic factors. Historical data indicates Bitcoin’s Q3 performance has typically underperformed other quarters, averaging a return of 6.03% since 2013.… Read More »Analysts Forecast Modest Bitcoin Gains in Q3 Amid Historical Weakness and Cautious Sentiment
The TFTC browser extension is advancing Bitcoin adoption by integrating cryptocurrency-friendly shopping alternatives into mainstream e-commerce platforms. The tool automatically suggests Bitcoin-accepting merchants for comparable products when users browse sites like Amazon, streamlining the transition to crypto-based spending. By highlighting… Read More »TFTC Browser Extension Promotes Bitcoin Adoption with Shopping Alternatives
Coinbase has recorded a 140% surge in institutional trading volumes following strategic initiatives including the acquisition of Deribit and progressing regulatory clarity. This growth underscores heightened participation from hedge funds and institutional entities seeking sophisticated crypto services. The $2.9 billion… Read More »Coinbase Reports 140% Institutional Trading Surge Driven by Deribit Acquisition and ETF Approvals
A new proposal titled ‘RFRV Reward Vault Request for apDAO Treasury Vault’ has been submitted by user ‘fungiblehuman’ within the BERA blockchain ecosystem. The initiative specifically involves the ecosystem’s native token $BERA and targets the apDAO Treasury Vault framework. Further… Read More »User Proposes RFRV Reward Vault Initiative for apDAO Treasury in BERA Ecosystem
Cryptocurrency exchange MEXC is considering the establishment of a $100 million Guardian Fund designed to enhance user protection and market transparency. The fund’s primary objective is to provide immediate compensation for user losses resulting from significant security breaches on the… Read More »MEXC Proposes $100 Million Guardian Fund to Bolster User Security and Market Trust
Fintech firm Chime has priced its initial public offering (IPO) at $27 per share, establishing a company valuation of $11.6 billion. The offering is scheduled to debut on the Nasdaq stock exchange, marking a significant milestone for the digital banking… Read More »Chime Sets IPO Price at $27 Per Share Ahead of Nasdaq Listing
Bitcoin advocacy group Truth for the Commoner has released a browser extension called ‘Opportunity Cost’ that enables users to view online prices denominated in Bitcoin or satoshis (sats). The tool aims to promote rational economic decision-making and accelerate Bitcoin adoption… Read More »Truth for the Commoner Launches ‘Opportunity Cost’ Extension to Display Prices in Bitcoin
Coinbase has announced the upcoming listing of PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin tokens, scheduled to commence trading tomorrow at 9 AM Pacific Time. This move introduces assets spanning decentralized exchange infrastructure, artificial intelligence (AI) integration, and the meme coin… Read More »Coinbase Lists PancakeSwap, Subsquid, and Fartcoin Tokens Amid Anticipated Volatility