Tokyo-based investment firm Metaplanet is set to report its first operating profit in seven years, projecting ¥270 million ($1.8 million) for 2024, a sharp turnaround from last year’s ¥468 million ($3.1 million) loss. Sales are expected to surge to ¥890 million ($5.8 million). The firm credits its success to Bitcoin-focused strategies, including put options trading …
As per a latest develoment, World Liberty Financial, a decentralized finance (DeFi) platform backed by President-elect Donald Trump, will collaborate with Ethena Labs to enhance its ecosystem. The two firms are looking at “long-term collaboration,” which will kick off with an implementation of Ethena’s yield-bearing token, sUSDe. A governance proposal has been submitted to facilitate …
Bitwise CIO Matt Hougan, in a recent interview, predicted that Bitcoin would reach as high as $500,000 if Donald Trump’s administration created the Strategic Bitcoin Reserve. He said that this development is too significant to ignore, and governments would likely need to follow, potentially causing a supply shock for Bitcoin. Notably, Bitwise recently predicted that …
Coinbase has shared five influential areas that will shape the future of the cryptocurrency market. It shared that the stablecoins total market cap is at an all-time high of nearly $200B and could move much higher. Tokenized real-word assets (RWAs) grew by 60% to $13.5 billion in 2024. The introduction of US spot Bitcoin ETFs …
According to the analytics platform RWA.xyz, the tokenized US Treasuries have broken a major barrier, surpassing $3 billion in total value, and has surged 300% year-over-year. Excluding stablecoins, tokenized assets are growing rapidly, with tokenized US Treasuries up 179%, private credit increasing by 40%, and commodities rising by 5%. The growing market value of tokenized …
A leading ETF analyst, Eric Balchunas, has suggested that the U.S. Securities and Exchange Commission (SEC) might approve a Litecoin ETF before one for XRP. Despite the expected shift towards a more crypto-friendly SEC next year with Paul Atkins nominated to replace Gary Gensler, Balchunas points out that XRP’s complex legal issues could delay its …
Bitcoin’s recent price surge to $107K has caught attention, but a key indicator is showing a potential warning. The Coinbase Premium Index, which tracks Bitcoin demand in the U.S., has been declining even as Bitcoin’s price rises. This divergence suggests that while Bitcoin’s value increases, it might not be fully supported by U.S. investor demand. …
The United States has filed its first-ever criminal tax evasion case focused entirely on cryptocurrency, signaling tougher rules ahead for crypto investors. Recently, U.S. has sentenced Frank Richard Ahlgren III, a Texas resident, to two years in prison for evading over $1 million in taxes from Bitcoin transactions. This is the country’s first criminal tax …
In a latest development, the Bitcoin Policy Institute has drafted an executive order to establish a Strategic Bitcoin Reserve under the U.S. Treasury’s Exchange Stabilization Fund. If enacted, this would cement the U.S. as a leader in digital assets, driving capital inflow, technological adoption, and reinforcing Bitcoin’s role as digital gold. The draft underscored that …
Republican U.S. lawmakers, including Senator Tim Scott and Representative French Hill, have promised action on digital assets legislation, with plans to advance crypto market-structure bills like the Financial Innovation and Technology for the 21st Century Act (FIT21) and a stablecoin bill. Hill emphasized the importance of bipartisan support for successful legislation, which is expected in …
Recently, Bloomberg analysts, Eric Balchunas and James Seyffart, have predicted that the Litecoin and Hedera ETFs could launch before the Solana and XRP ETFs. Notably, they expect the SEC to first approve Bitcoin and Ethereum combo ETFs. Bitwise, Franklin Templeton, and Hashdex have all filed to offer these dual ETFs. These analysts predict the next …
The U.S. Senate Banking Committee has canceled the vote on the renomination of SEC Commissioner Caroline Crenshaw, ending her chances of serving another term. She is widely known for voting against the approval of Bitcoin spot ETFs and her stance aligns with broader concerns about fraud and market manipulation in the crypto sector. She has …
Roger Ver, famously known as “Bitcoin Jesus,” is locked in a $48 million tax dispute with the IRS. The accusations stem from alleged tax evasion after Ver renounced his U.S. citizenship. In December 2024, his legal team requested the dismissal of the charges, arguing that unclear tax rules and improper prosecution were at play. The …
A global cryptocurrency exchange Bybit has announced it will stop offering withdrawal and custody services in France starting January 8, 2025. If your account has 10 USDC or less, you will be charged a 10 USDC fee, and your account will be closed. If you have more than 10 USDC in your account, Bybit will …
MicroStrategy has surpassed $20 billion in Bitcoin profits as the cryptocurrency’s price hit an all-time high of $108,000. This milestone comes after MicroStrategy revealed on the 16th that it now holds 439,000 BTC, purchased for $27.1 billion. While its Bitcoin strategy has fueled massive gains, the company’s core software business remains unprofitable. Despite this, MicroStrategy’s …
Exodus Movement (EXOD), a crypto wallet company, has received approval to list on the NYSE American, starting Dec. 18 with a reserve of 1,900 BTC. This comes after the SEC denied its initial listing request in May, citing ongoing reviews. The uplisting signals a potential shift in regulatory views on cryptocurrency, especially after President-elect Trump’s …
Avalanche has launched its biggest upgrade, Avalanche9000, which includes key technical changes to attract developers and enhance its ecosystem. The upgrade introduces the Etna module, designed to reduce transaction costs, lower validator operation fees, and make it easier for developers to create customized blockchains, known as subnets. Major improvements include ACP-77, which introduces cost-effective validators …
Bithumb, the leading virtual asset platform, has added Goatseus Maximus (GOAT) to its KRW market. GOAT, a meme coin built on the Solana blockchain, is gaining popularity with the promotion of AI agent Truth Terminal. The trading for GOAT will begin at 1:00 PM on December 17, 2024, with a base price of 976 won. …
The UK Financial Conduct Authority (FCA) has highlighted that Retardio Solana has been promoting and providing financial services or products without permission and has suggested users to avoid dealing with this firm and beware of scams. The regulator noted that firms like Retardio Solana may change their contact details over time and may also give …
In a latest development, Coinbase has revealed that it will add support for Parcl (PRCL) on the Solana network (SPL token). Trading is set to begin on December 17, 2024, at 09:00 UTC or later if liquidity conditions are met. The exchange noted that PRCL-USD trading pairs will be gradually launched once sufficient supply is …
Binance is bringing exciting new airdrop rewards to its users with Simon’s Cat (CAT) and Pudgy Penguins (PENGU) tokens! Users who subscribed to Binance’s Simple Earn products could receive a share of the airdrop. The CAT token drops on December 17 at 09:00 UTC, followed by PENGU at 14:00 UTC. Both tokens will be listed …
South Korea’s largest and most trusted crypto exchange, Upbit, has announced that it will support trading for Valve (VANA) on the KRW, BTC, and USDT markets. VANA has also recently been launched on Binance’s Launchpool. However, Upbit has issued a warning to users, stating that VANA deposits and withdrawals will only be supported via the …
Binance recently released a blog highlighting various memecoins and crypto projects. One of the featured projects, Chill Guy, has gained popularity for its relaxed, easygoing vibe, attracting investors who connect with its laid-back spirit. The blog also mentioned projects like RIF and URO, which are exploring decentralized science. Additionally, QUANT has emerged as a symbol …
Over the last 29 hours, a whale has transferred 1,458 WSTETH tokens worth $6.7 million to buy 189.55 million BEAM tokens at an average price of $0.03515. Notably, since 01st December, this whale has spent a total of $35.7 million worth of ETH tokens to buy 4 tokens. These tokens are 10.245 million FTM tokens …
As per the latest reports, a PEPE memecoin whale that was dormant for about 600 days has resurfaced during the early Asian trading hours. Notably, this whale has transferred its entire holding of 2.1 Trillion Pepe tokens to a new wallet address. Reportedly, this whale had only spent 0.0135 Ethereum tokens worth $27 at that …
The U.S. spot ETFs have concluded this week with a positive flow. Notably, both the ETFs have simultaneously recorded a positive flow for 2 consecutive weeks for the first time. During this week, the Bitcoin ETF added $2.167 billion, whereas the Ethereum ETF added $854.8 million. Reportedly, this is also the largest weekly inflow for …
Blockchain analytics platform Lookonchain has reported a surge in whale activity surrounding VIRTUAL tokens. Two newly created wallets, likely linked to the same whale, made significant withdrawals of 10 million USDC from Coinbase. These funds were used to acquire 4.25 million $VIRTUAL tokens for $2.35 each. In another notable transaction, a whale wallet identified as …
In a latest development, US Senator Cynthia Lummis and Donald Trump’s incoming Treasury Secretary Scott Bessent have met to discuss the United States’ potential strategic Bitcoin reserve. Lummis called Bessent a “champion for digital assets and a crucial ally in passing strategic Bitcoin Reserve. Lummis debuted the Bitcoin Act of 2024 which proposes the country …
French Hill, the newly elected chairman of the U.S. House of Representatives Financial Services Committee, noted that establishing a digital asset regulatory framework in the next 100 days will be his top priority. He plans to promote bills related to stablecoins and market structure, and has also criticized Gary Gensler’s law enforcement on cryptocurrencies. Regarding …
Ledger’s reputation is in question as a Reddit user @anchor_drops claimed to have lost $2.5 million worth of digital assets; including 10 Bitcoins and $1.5 million in NFTs- stolen from their Ledger Nano S hardware wallet. Although they had their seed phrase stored securely and only performed safe transactions, the user stated that the hack happened …