Amidst a broader market resurgence, the Tron blockchain has been seeing impressive strength. In fact, the total value locked (TVL) on the blockchain surged to $36.2 billion on December 4. This figure marked a new all-time high for the network, demonstrating growing appeal among decentralized finance (DeFi) users. The achievement reflects the increasing adoption of Tron’s...Read More
MARA Holdings, Wall Street’s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes. The company made the announcement on December 5 via an X post, outlining that the primary use of the proceeds will be to acquire additional Bitcoin and repurchase some of its outstanding convertible notes...Read More
Federal Reserve Chairman Jerome Powell has dismissed the idea that Bitcoin could replace the U.S. dollar, likening the cryptocurrency to gold as a speculative asset rather than a store of value. Powell shared these views during his appearance at The New York Times DealBook Summit in Manhattan. Powell’s Argument When asked whether Bitcoin’s popularity reflects...Read More
Circle Internet Financial Ltd., the company behind the second-largest stablecoin in the cryptocurrency market USDC, announced layoffs following a routine operational assessment. According to the Bloomberg report, the job cuts impact under 6% of the workforce. Despite these reductions, the firm said that it remains committed to expanding geographically and improving efficiency and productivity through...Read More
The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform. According to an official release sent to CryptoPotato, Binance On-chain Yields will enable users to participate in on-chain protocols and earn rewards using their accounts on the crypto exchange. Binance Announces On-chain Yields With Babylon The...Read More
Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market. CryptoPotato received remarks from analysts at the...Read More
BlackRock’s iShares Bitcoin Trust (IBIT), launched on January 11, has become the fastest exchange-traded fund (ETF) to reach $50 billion in assets under management (AUM). Data from SosoValue shows that IBIT currently has $50.60 billion in AUM. The AUM refers to the total value of Bitcoin managed by the fund. In the context of a...Read More
[PRESS RELEASE – Sydney, Australia, December 5th, 2024] Social-lifestyle app STEPN GO is thrilled to announce the next milestone in its ongoing partnership with adidas: the launch of the first-ever STEPN GO x adidas co-branded physical running shoes featuring the STEPN GO logo. This exciting development follows a successful year of collaboration between the two...Read More
The Mt. Gox-related wallet activities once again captured attention with a massive transfer of 27,871 BTC, worth around $2.8 billion, to an unidentified address on December 4. This transaction coincided with Bitcoin reaching an all-time high above $100,000, marking a historic moment for the cryptocurrency. Analytics from Arkham Intelligence reveal that the wallet, tied to...Read More
For the first time, Bitcoin has crossed the $100,000 mark after struggling for two weeks due to significant profit-taking. Institutional demand has played a key role in driving the market’s momentum and subsequently helping the world’s largest cryptocurrency to hit the milestone. According to CryptoQuant, the Coinbase Premium Index spiked, depicting sustained buying pressure from...Read More
Total crypto market cap has reached an all-time high of $3.83 trillion following a 2.7% rise on the day, according to Coingecko. Digital asset market momentum has largely been driven by Donald Trump’s presidential election victory and the promise of a pro-crypto regulatory landscape in the United States. Since election day on Nov. 5, almost...Read More
Bitcoin prices surged to a record high of $103,630 during early trading in Asia on Thursday, Dec. 5, according to Tradingview on Binance. The breakout of consolidation added more than 7% over the past 12 hours as the asset climbed from an intraday low of around $95,000. Bitcoin has now made a whopping 140% year...Read More
On December 3, South Korea witnessed a historic surge in cryptocurrency trading as the nation dealt with the declaration of martial law. Trading volumes in the Korean virtual asset market skyrocketed to approximately $34.6 billion within 24 hours, marking the highest recorded level of the year. XRP Drives Record Trading Volume According to local reports...Read More
Two new listings – 1000000MOGUSDT and BRETTUSDT , are now available to trade on BitMEX, both with up to 50x leverage. As of 04:00 UTC on 5 December 2024, you can… Trade 1000000MOGUSDT here Trade BRETTUSDT here If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX...Read More
