Grayscale has made strides with its Horizen Trust (ZEN), as detailed in its latest 8-K filing with the US SEC. The filing reveals that the trust privately issued 3,565,200 shares to select “qualified investors,” representing approximately 304,034 ZEN tokens. These tokens are collectively valued at $4.7 million. This development highlights Grayscale’s commitment to expanding institutional …
Crypto.com has introduced a cryptocurrency custody service in the United States, aiming to strengthen its foothold in the region. Announced on December 23, the new service, Crypto.com Custody Trust Company, is designed for US institutions and high-net-worth individuals. Digital assets from US and Canadian customers will transition to this platform in the coming weeks. CEO …
The decentralized exchange (DEX) Hyperliquid is facing significant turbulence as it recorded $60 million in USDC outflows amid rumors that North Korean hacking groups are actively targeting the platform. This has also impacted its native token HYPE which plunged by over 10% over the past 24 hours. Cybersecurity expert Tayvano revealed on December 22 that …
In a latest development, Usual has secured substantial funding of $10 million in its Series A round, led by Binance Labs and Kraken Ventures. Other backers included Galaxy Ventures, Guy from Ethena, Ondo, Coinbase Ventures, IOSG Ventures and OKX Ventures. Usual has distinguished itself in the competitive stablecoin market with its unique approach to digital currency. …
VanEck estimates that if the U.S. establishes a Bitcoin reserve of 1 million BTC, as proposed by Senator Cynthia Lummis, it could reduce the national debt by 35% by 2049. With a 25% compound annual growth rate (CAGR), Bitcoin could reach $42.3 million, while national debt grows at 5%. The report suggests that Bitcoin’s rise …
Binance introduced HIVE/USDT perpetual contracts with up to 75x leverage, boosting HIVE’s price by 11% to $0.41. The exchange also unveiled BIO Protocol as its 63rd Launchpool project, enabling users to farm BIO tokens by staking BNB and FDUSD. BIO focuses on Decentralized Science (DeSci), with farming running from December 24 to January 2 and …
Roam, a decentralized wireless network, has emerged as the largest DePIN globally, with over 1 million nodes and 1.7 million users. Its adoption surged following the launch of Roam eSIM, doubling its user base in just 50 days. Roam’s ecosystem combines Wi-Fi nodes, routers, and eSIMs, offering secure and low-cost solutions while incentivizing user participation. …
Swiss Bitcoin platform Relai has announced a significant increase in its Bitcoin holdings. Posting on X, the company revealed that it recently acquired 13 BTC for $94,040.29, bringing its total Bitcoin stash to 30 BTC. In a surprising twist, Relai also tagged Microsoft Corporation in their post, seemingly encouraging the tech giant to embrace Bitcoin. …
In a latest development, Tether plans to launch an AI platform by March 2025, according to CEO Paolo Ardoino’s announcement on X. The move comes as AI-related discussions dominate the crypto sector. “Just got the draft of the site for Tether’s AI platform. Coming soon, targeting end Q1 2025,” he noted. AI-focused projects have experienced …
In a recent development, to expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures has announced its plan to introduce new perpetual contracts for several cryptocurrencies, aiming to offer up to 75x leverage. This move is set to include tokens such as AUXBT, FARTCOIN, SKMINO, and SCGPT. …
US economic data for November 2024 showed steady growth, with the PCE inflation index rising 0.1% month-over-month and 2.4% year-over-year. The core PCE index, excluding food and energy, increased by 0.1% monthly and 2.8% annually. Personal income increased 0.5 percent or $71.1 billion in the month compared to the previous month. Meanwhile, DPI increased 0.3 …
Binance founder CZ has announced that Revolut, Europe’s largest unicorn company, has listed BNB on its platform. With a global user base of 40 million, including one-third from the UK, Revolut is a key player in digital banking and cryptocurrency trading. This move significantly boosts BNB’s exposure, as Revolut’s services span foreign exchange, cross-border payments, …
The SEC has approved spot-based Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. The approved products include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, which feature an 80/20 average weighting of Bitcoin and Ethereum but may include other assets in the future. Nasdaq and Cboe BZX filed …
Binance Alpha, the exclusive pre-selection pool for Binance listings, has unveiled its fourth batch of tokens. This new batch includes BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. These tokens are now part of Binance Alpha, a key step toward a potential full listing on Binance, one of the world’s largest cryptocurrency exchanges. …
El Salvador has added 11 Bitcoins worth $1.07 million to its Strategic Bitcoin Reserve, increasing its total to 5,980 BTC. The purchase, made at 8:07 AM UTC+8, aligns with the nation’s strategy to leverage cryptocurrency for economic growth and financial inclusion. While supporters view Bitcoin as a hedge against inflation, critics highlight its volatility. Despite …
Grayscale has introduced the Grayscale SUI Trust, offering qualified investors exposure to SUI through securities. As of December 18, the trust reported a net asset value of $65.52 per share, with assets under management totaling $12.88 million. This new fund marks another step in Grayscale’s efforts to expand its portfolio and provide diverse investment opportunities …
World Liberty, the Trump family’s crypto initiative, has bolstered its Ethereum reserves with a recent $2.5 million purchase. Arkham said the project acquired 722.213 ETH through Cow Protocol on December 20 at 6:54 UTC+8. This addition brings World Liberty’s total ETH holdings to 15,595 ETH, currently valued at around $53.61 million. The move highlights the …
Coinbase Advanced, the cryptocurrency exchange’s platform for professional traders, saw a surge in users and trading volumes in 2024. The platform clocked a 191% increase in trading volumes driven by strong growth in derivatives trading and a 77% increase in users. Notably, Coinbase Advanced offers experienced traders a flat monthly fee in exchange for lower …
In a latest development, World Liberty Financial (WLFI), a project tied to Donald Trump, has swapped 102.9 cbBTC, valued at $10.4 million in Coinbase-backed cbBTC for 103.15 WBTC. This occurred after Coinbase announced the delisting of WBTC due to apparent failure to meet the exchange’s standards, which has led to speculation and controversies among market …
Bloomberg’s Mike McGlone Glone predicts that Bitcoin may be a top commodity indicator in 2025. He confirmed that Bitcoin has outsmarted commodities on its watchlist, and shared a chart showing BTC is up 138.6% year-to-date (YTD), while Gold has earned a comparative 25.7%. The next top-performing asset is the S&P 500 Total Return Index, with …
Fuel Network, an emerging Layer 2 blockchain, has officially launched its native Fuel token. To kick off its journey, the network will airdrop 10% of its token supply starting December 19, 2024, running until January 19, 2025. The snapshot for the airdrop has already been taken, and users can check eligibility on the network’s portal. …
Binance’s global user survey has revealed some exciting trends in the crypto market. According to the survey, 23.89% of respondents believe AI tokens hold the greatest potential for the future, with memecoins coming in second at 19%. DeFi tokens (12.37%) and layer-1 tokens (12.28%) also made the list. Notably, 16.1% of respondents currently hold memecoins, …
Binance Alpha has revealed its third batch of exciting projects set to hit major blockchain networks. The selected projects include FROG, AICell, CGPT, and MONKY on the BNB Chain, TERMINUS on Ethereum, CLANKER and LUNAI on Base, and RIF, GRIFFAIN, and URO on Solana. These tokens have been pre-selected as part of Binance’s exclusive pool …
This is the fifth TownHall and is arranged as part of WazirX’s parent company; Zettai Pte Ltd’s ongoing restructuring process within its organisational structure. The session is to be scheduled on December 19, 2024, at 6 PM IST. The creditors will be informed regarding the Proposed Scheme Terms, the process of restructurings and the timelines …
CertiKInsight has detected a flashloan exploit in Slurpycoin in the Binance Smart Chain (BSC). The attacker exploited the token’s buyback mechanism and made about $3K through the sandwich arbitrage strategies. For instance, this exploitation appears closely related to an earlier attack of July 2 aimed at the MRP token and resulting in a $10K loss. Users and …
El Salvador has finalized a $1.4 billion loan agreement with the International Monetary Fund (IMF) after four years of negotiations, despite initial tensions over the nation’s adoption of Bitcoin as legal tender. The 40-month program aims to stabilize El Salvador’s economy, with commitments to enhance its primary balance and reduce its debt-to-GDP ratio. The IMF …
Federal Reserve Chair Jerome Powell confirmed the Fed’s inability and lack of intent to hold Bitcoin, emphasizing any legal changes would rest with Congress. His remarks follow discussions of a U.S. Strategic Bitcoin Reserve proposed by President-elect Donald Trump, potentially funded by seized Bitcoin and Treasury assets. Bitcoin, which has surged past $100,000 on optimism …
The crypto market saw a sharp decline, losing nearly $700 million, with over $660 million liquidated in the past 24 hours. Meanwhile, the US stock market faced a steep fall, shedding $1.5 trillion, as the S&P 500 dropped 2.95%. Federal Reserve Chair Jerome Powell, during the FOMC meeting, reiterated that the Fed cannot own Bitcoin …
World Liberty, the Trump family’s crypto project, made another move by spending 250,000 USDC to purchase 231,726 ENA through Cow Protocol early on December 19. This brings their total ENA holdings to 741,687. The project, monitored by Arkham, has been actively growing its crypto portfolio. Earlier, World Liberty Financial partnered with Ethena Labs to integrate …
MicroStrategy co-founder Michael Saylor revealed plans to shift the company’s Bitcoin funding strategy toward fixed-income securities after its current fundraising program concludes. Speaking to Bloomberg, Saylor emphasized the importance of “intelligent leverage” for future cryptocurrency purchases. Until now, the firm has used a mix of new equity and convertible bond sales to fund its Bitcoin …