Chris J Terry, a crypto market analyst, has recently predicted that Bitcoin’s (BTC) price could either remain stagnant or decline until the $25 billion liquidation of GBTC is finalized. Mike Novogratz, the founder of Galaxy Digital, holds a different view. He argues that despite the anticipated GBTC sell-offs, most investors will shift their focus to...Read More
Defunct crypto exchange FTX may be behind a tsunami of outflows from the Grayscale Bitcoin Trust (GBTC) this month – and by extension, may have caused a significant downturn in Bitcoin (BTC)’s price. A recent report from CoinDesk suggested that the FTX bankruptcy has sold off close to $1 billion worth of GBTC since the...Read More
Grok, an AI chatbot with access to tweets from all over X and programmed to be as snarky as possible, is the principal product offered by xAI. The company is Elon Musk’s response to OpenAI – which he also co-founded. However, he later left after disagreements with Sam Altman and others over how to develop...Read More
Crypto industry leaders are pillorying a new U.S. government report claiming that digital assets can help criminals flout federal sanctions law. In a blog post from the U.S. Government Accountability Office (GAO) last Tuesday, authors asserted that foreign states working against American interests – including Iran and North Korea – “are using digital assets to...Read More
Tether (USDT) reserve on Bitfinex has seen a significant increase owing to whales on the platform. According to CryptoQuant’s analysis, the whales on Bitfinex have opted to close their leveraged positions, leading to a substantial surge in the USDT reserve on the platform. This strategic move has garnered attention, shedding light on intriguing aspects of...Read More
Digital asset investment products experienced modest withdrawals of $21 million last week. However, this overall figure doesn’t reflect the significantly elevated trading activity, with Bitcoin alone witnessing trading volumes of $11.8 billion. This amount is seven times higher than the typical weekly trading volume observed in 2023, according to the latest report by CoinShares. US...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, January 22nd, 2024] De.Fi, the largest Web3 Super App whose $DEFI token listing is coming, announced 21Shares as their investor. 21Shares is a market leader offering ETFs for institutional and retail investors. Their recent investment marks a historic milestone for De.Fi, as it will help to get Traditional...Read More
Alameda Research, an affiliate of the now-bankrupt cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. The legal action, initially filed in a Delaware court in March last year, accused Grayscale of engaging in practices that enriched the company at the expense of shareholders. Alameda’s Withdraw Strengthens Grayscale’s Legal Position Alameda Research, an affiliate...Read More
Arthur Hayes, the co-founder of the BitMEX cryptocurrency exchange, has adopted a pessimistic view of Bitcoin, predicting a decline in its value below the $40,000 threshold. ` In response to this outlook, Hayes has acquired put options set with a strike price of $35,000, set to mature on March 29. BitMEX Co-Founder Invests Put Options...Read More
[PRESS RELEASE – Singapore, Singapore, January 22nd, 2024] Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI) for Gaming and AI, has partnered up with Exverse.io, an AI-powered shooter game driven by Web3 economy Exverse.io. Exverse.io will integrate with Aethir’s infrastructure to enhance game accessibility and dismantle the notorious barriers that have long hindered the sector’s...Read More
Ondo Finance, a U.S.-based issuer of tokenized securities, is suspected of selling 20 million ONDO tokens, resulting in a notable 13% decline in the currency’s price within a short timeframe. The situation raised concerns with an X crypto enthusiast doing further investigation into the token sale. Large ONDO Token Transfers Trigger Price Drop According to...Read More
Tomorrow 23 January at 04:00 UTC, Myro will be available to trade on BitMEX via a new listing – MYROUSDT. What is Myro? Myro (MYRO) is a meme coin on the Solana blockchain, inspired by Solana Co-Founder Raj Gokal’s dog Myro. The project is a homage to him and his dog and responds to the...Read More
The Singapore-based firm, which was behind the collapse of the TerraUSD stablecoin ecosystem in 2022, listed assets and liabilities in the range of $100 million to $500 million, according to a Jan. 21 filing with a bankruptcy court in Delaware. Moreover, the number of creditors is between 100 and 199, according to the filing. The...Read More
Nearly two weeks after the approval and listing of several spot Bitcoin exchange-traded funds (ETFs) in the United States, it is safe to assume that the event had already been priced in during the fourth quarter of 2023 Bitcoin (BTC) bullish breakout. Furthermore, the recent accelerated Bitcoin selloff by whale traders, short-term holders, and miners...Read More
Ethereum continues to be the number one blockchain among crypto developers, with more than 70% of new contract codes first deployed on the network, according to the latest report by Electric Capital. Also, there has been a spread in the distribution of developers globally, with more crypto devs living outside North America, as opposed to...Read More
