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
On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses. The transfers involving tokens such as Ethereum (ETH), Binance USD (BUSD), Wrapped Bitcoin (WBTC), and Shiba Inu (SHIB) stirred curiosity across the digital asset sector. Details of the Transfers According...Read More
Bitcoin (BTC), the world’s largest digital asset by market capitalization is witnessing a shift in sentiment toward the bullish side. On December 4, 2024, blockchain intelligence firm Arkham made a post on X (formerly Twitter) that BlackRock, the world’s largest asset manager had purchased a significant amount of Bitcoin. BlackRock Buys $1 Billion of Bitcoin ...Read More
A Russian court has sentenced Stanislav Moiseev, the leader of the notorious online drug marketplace Hydra, to life in prison alongside a fine of four million rubles (approximately $37,500). Fifteen other members of the group received prison terms ranging from eight to 23 years and were collectively fined 16 million rubles worth around $150,000.The charges...Read More
[PRESS RELEASE – San Francisco, California, December 4th, 2024] The internet was once a playground for open exchange, where ideas, innovation, and creativity flourished. However, centralized control and walled platforms have eroded those ideals. Open emerges as a new infrastructure dedicated to rebuilding the Open Web’s foundations in the age of Web3. From RSS3 to...Read More
Prominent Bitcoin mining pool Foundry Digital reportedly slashed 27% of its workforce this week. The layoffs, which affected 74 employees, reflect a strategic shift to prioritize core operations, including its Bitcoin mining pool and site operations. This decision follows an internal restructuring within the Digital Currency Group (DCG), Foundry’s parent company. CEO Mike Coyler stated...Read More
Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud. Together, these charges carry a maximum prison sentence of 30 years. Mashinsky’s Guilty Plea Mashinsky was initially indicted in July 2023 on seven charges, including fraud, conspiracy, and market manipulation related...Read More
While Bitcoin struggles to hit the coveted $100k threshold, several altcoins have taken the charge to post impressive rallies. One such is Binance Coin (BNB), which has soared to a new all-time high six months later. In just the past 24 hours, BNB has surged by over 22%, reaching a record high of $793 on...Read More
[PRESS RELEASE – Manhattan, New york, United States, December 4th, 2024] ChillPnut memecoin (CPNUT) has announced the launch of its token presale, aiming to incentivize new investors to commit to the project. The presale will take place in three rounds over a span of seven days, with a focus on supporting the project’s long-term development....Read More
The largest cryptocurrency went on a full bull run after Donald Trump won the US presidential elections a month ago but its most recent price movements have been quite underwhelming compared to numerous altcoins. However, the amount of BTC getting withdrawn from exchanges continues to increase, and another address-related metric suggest the asset’s price still...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, December 4th, 2024] The Binary Holdings, a $16.9 billion technology leader, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing alternative financing solutions to cryptocurrency projects around the world. This investment will power The Binary Holdings to accelerate...Read More
“One of the biggest misconceptions in Bitcoin is that HODLers never sell,” said on-chain analyst James Check on X on Dec. 3. However, they do sell, and they’re currently keeping prices from moving higher, he added. Bitcoin has been range bound, oscillating around $95,0000 since Nov. 20, two weeks ago. It has failed to register a...Read More
Altcoins are leading the charge today as total crypto capitalization peaks at $3.68 trillion while Bitcoin remains range-bound. The top-performing digital asset over the past 24 hours is Tron (TRX), which has skyrocketed a monumental 70% to hit an all-time high of $0.431 during early trading on Wednesday in Asia. This has pushed TRX’s market...Read More
RTFKT, the creators of non-fungible token (NFT) sneakers and avatars acquired by Nike in 2021, has announced its closure. The firm revealed in a December 2 post on X that it will wind down operations by January 2025. Final Collection and Legacy Tribute “Today, we’re announcing the plan to wind down RTFKT operations,” the post...Read More
“Coinbase just locked my account after trying to send $25,000 USDC,” reported Ethereum developer Eric Connor on Dec. 3. “Wasn’t Brian Armstrong just talking about debanking? Very cool!” he quipped. He added that the notification was “completely useless” as both paths to unlock the account required him to sign in, which he couldn’t do. “Service...Read More
Shiba Inu’s blockchain underwent a considerable upgrade today. The Heimdall and Bor hard forks are live. They aim to improve performance and stability and include an upgradeable burn contract. The Heimdall Hard Fork According to the official documentation, the latest version of the Heimdall upgrade, namely v1.07-bone has been released for the Shibarium blockchain. Amid...Read More
[PRESS RELEASE – New York, United States, December 3rd, 2024] Perennial announced the launch of Perennial Intents, a unique intents layer for perpetual futures, designed to unify DeFi’s fragmented liquidity landscape and deliver a centralized exchange trading experience on-chain. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices,...Read More
Coinbase CEO Brian Armstrong announced a bold stance against law firms hiring individuals associated with what he views as ethically questionable actions during the SEC’s “soon-to-be prior administration.” Armstrong revealed that the crypto exchange has already informed its legal partners that employing such individuals would result in the termination of their professional relationship with the...Read More
Bitcoin (BTC) currently ranges between $94,000 and $96,000, but on-chain signals suggest the cryptocurrency is on the verge of a massive breakout. Data from blockchain analytics platform CryptoQuant indicates that BTC could witness a sharp and significant uptick within the next one to two months. According to a report by pseudonymous digital asset analyst Crypto...Read More
[PRESS RELEASE – Zug, Switzerland, December 3rd, 2024] Namada, the shielded asset hub enabling shielded cross-chain transactions, has officially published its genesis block, marking the launch of its mainnet. Along with the commencement of staking and governance, this marks the start of the first phase of Namada’s five stage decentralized mainnet rollout. This marks an...Read More
The altcoin market is currently on a roll, with several cryptocurrencies skyrocketing to multi-year highs, but Ki Young Ju, the founder and CEO of blockchain analytics platform CryptoQuant, believes this altseason will not play out as traders and investors expected. In an X post, Ju insisted that this altcoin season will be “weird and challenging”...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, December 3rd, 2024] DeLorean Labs to become first token issuer on Sui Launchpad Republic, an investment platform for private market assets, in partnership with Sui Foundation, the organization dedicated to the advancement and adoption of the flourishing Sui ecosystem, today announced Sui LaunchPad, powered by Republic. The organizations are...Read More
With December historically a volatile and choppy month for bitcoin (BTC), analysts at the crypto exchange Bitfinex believe the digital asset could experience a short-term pullback; however, a shift in network dynamics could push it above $100,000. According to a weekly report, BTC could maintain upward momentum this month and rally past $100,000 if short-term...Read More
[PRESS RELEASE – New York, United States, December 3rd, 2024] Smile Shop, the premier Asian e-commerce platform, has partnered with Conflux Network, China’s only regulatory-compliant public blockchain, to launch the BitUnion prepaid card. This partnership signifies a major expansion into global digital asset payment with cards welcome in 183 countries and regions. The BitUnion prepaid...Read More
