Tag: Digital Assets
Bitcoin’s Future Brightens as Key Stablecoin Metric Hits 18-Month Low
Bitcoin has shown resilience in the face of recent market volatility, quickly bouncing back to nearly $60,000 after a drop below $50,000 last week. This recovery is supported by a key metric called the...
MicroStrategy Stock Surges with Bitcoin Rally – CoinJournal
MicroStrategy's stock has been on a winning streak, outperforming major tech stocks thanks to its significant investment in Bitcoin. The company's stock price has surged by 135% since the beginning of 2024, riding the...
Tokenized Money Market Funds: The Rise of Stablecoin Alternatives
The stablecoin market has seen significant growth over the past year, with an all-time high market cap of $171 billion. Major players like Visa, PayPal, Revolut, and Stripe have all entered the stablecoin space,...
Gemini Pays $50 Million to New York for Investor Fraud – CoinJournal
Gemini Trust has agreed to pay $50 million to the New York Attorney General Letitia James for defrauding investors in the Gemini Earn program. This money will be used to reimburse more than 230,000...
Metaplanet Raises $26M for BTC Investment, Joining MSCI Japan Index
Metaplanet, a Japanese company focused on acquiring Bitcoin (BTC), recently made headlines by raising $26 million for investing in additional BTC. The funds were generated through the issuance of unsecured, unguaranteed ordinary bonds, marking...
Spot Ether ETF Approval Expected by September as Society’s Presale Begins in 4 Days
The Securities and Exchange Commission (SEC) chair, Gary Gensler, recently announced that spot Ether ETFs are expected to be fully approved by September. This approval will allow spot Ether ETFs to start trading on...
Bitcoin ETF Inflows Surge: Basis Trade Nears 9%, Signaling Renewed Demand
Investor confidence seems to be on the rise as bitcoin continues to hold above $100,000 and basis trade yields approach a whopping 9%. This has caught the attention of strong institutional interest, with U.S.-listed...
Layer-2 Chain Anduro Introduces ‘Portal to Bitcoin’ for Atomic Swaps
Anduro, a layer-2 chain incubated by Marathon Digital Holdings, has introduced a new feature called Portal to Bitcoin. This feature allows users to convert assets like ETH into BTC using atomic swaps on the...
Capitalizing on U.S. Election Frenzy: Memecoin Creators Launch Thousands of New Tokens
The U.S. election has brought attention to bitcoin and the Polymarket betting platform, but it has also sparked a frenzy in the memecoin market. In the last 24 hours, thousands of election-themed tokens have...
Title: Bitcoin and Solana Experience Huge Buying Pressure with FTX’s $16B Distribution Plan
In a recent development in the cryptocurrency world, FTX, the exchange previously run by Sam Bankman-Fried, who is now convicted, is set to distribute a massive $16 billion in cash to its customers. This...
