In a significant development, the U.S. government transferred 19,800 Bitcoin worth $1.92 billion to Coinbase on December 2, 2024. 10,000 BTC, valued at $962.9 million, were sent directly to the exchange. These movements are part of ongoing custody actions involving seized assets rather than outright sales. In total, 2024 has seen the transfer of 25,999 …
Bitcoin ETFs saw strong inflows, with BlackRock leading the pack, drawing inflows worth $338.3 million. Fidelity followed with $25.1 million, while Ark added $17.2 million. Valkyrie and Grayscale saw notable outflows worth $10.9 million and $28.1 million, respectively. Despite these, total Bitcoin ETF inflows reached an impressive $353.6 million. Ethereum ETFs had a more subdued …
Donald Trump’s potential pick to replace Gary Gensler as SEC Chair may be announced soon. Reports suggest Trump’s team is considering Paul Atkins, a former commissioner known for his pro-crypto views and innovative approach. Atkins has a reputation for supporting cryptocurrency growth and regulatory clarity in the rapidly evolving digital asset space. If appointed, he …
Binance plans to delist several margin trading pairs, including BAND/BTC, GTC/BTC, and others, on December 11, 2024, at 06:00 UTC. Transfers into Isolated Margin accounts for these pairs are already suspended, with borrowing set to stop on December 4. All positions will be automatically settled, and pending orders will be cancelled at delisting. To avoid …
Tether minted an additional $1 billion USDT on Ethereum and Tron just hours ago, bringing its total USDT issuance to a staggering $16 billion since November 6. The latest mint underscores Tether’s aggressive expansion, reflecting heightened demand for the stablecoin across decentralised ecosystems. This surge in USDT minting aligns with increased crypto market activity, reinforcing …
The US government recently moved 19,800 BTC ($1.92 billion), including 10,000 BTC ($962.9 million) to Coinbase. These transfers, totalling 25,999 BTC ($2.49 billion) in 2024, are believed to be custody actions rather than sales. The government still retains approximately 183,850 BTC, valued at $17.57 billion, across multiple addresses. The significant movement has caught the crypto …
Sora Ventures has launched a $150 million fund to replicate MicroStrategy’s Bitcoin-focused treasury model across Asia. Targeting listed companies in Japan, Hong Kong, and beyond, the fund aims to enhance corporate value through Bitcoin reserves. Its success is showcased by Metaplanet, a Tokyo-listed firm whose stock surged over 1,000% in 2024 after adopting the strategy. …
XRP has hit a milestone with futures open interest reaching $3.91 billion, reflecting strong investor confidence. Key contributors include Binance, Bybit, and Bitget, which collectively dominate over 80% of open interest. Derivatives activity has surged, with futures trading volume up 289% to $60 billion and options open interest growing 16.2% to $992.33K. The uptick is …
Litecoin (LTC) added $1 billion to its market cap last week, climbing to a two-year high of $119.64. This 15% surge prompted long-term holders to liquidate their positions, as Glassnode’s Liveliness metric hit a year-to-date high of 0.71, signalling increased coin movement. Despite the selling pressure, LTC remains bullish, trading above its Ichimoku Cloud. Analysts …
21X has announced a strategic partnership with Chainlink and aims to launch an EU-regulated financial market infrastructure that will provide order matching, trading, settlement, and registry services for tokenized money and securities. 21X, in collaboration with Chainlink, will implement on-chain secondary market price feeds for bid and ask prices. This initiative represents a significant advancement …
In a latest development, MicroStrategy has acquired 15,400 Bitcoins for approximately $1.5 billion in cash, at an average price of approximately $95,976 per bitcoin, inclusive of fees and expenses continuing its aggressive Bitcoin accumulation strategy. Notably, this is MicroStrategy’s 4th Bitcoin buy over the past month, having now bought around 150K Bitcoin in the last …
Metaplanet, often referred to as Japan’s MicroStrategy, has partnered with SBI VC Trade to launch a Bitcoin-focused shareholder reward program. The company plans to distribute 30 million yen worth of Bitcoin to 2,350 shareholders. This announcement pushed Metaplanet’s stock up by over 6%, surpassing $2,450. The program includes Bitcoin rewards ranging from ¥10,000 to ¥100,000, …
XRP futures open interest has soared to an all-time high of $3.91 billion, reflecting heightened market activity. The top three exchanges driving this growth are Binance, holding 535 million XRP (32.04%), Bybit with 524 million XRP (31.27%), and Bitget at 327 million XRP (19.55%). This surge highlights the increasing interest in XRP derivatives as traders …
Between November 25 and 29, Bitcoin spot ETFs saw outflows of $135.1M, while Ethereum spot ETFs recorded inflows of $466.5M, showcasing diverging investor sentiment. On November 29, ETH ETFs posted their largest single-day inflow of $332.9M, surpassing the previous record of $295M set on November 11. Ethereum ETFs enjoyed consistent weekly inflows, whereas Bitcoin ETFs …
A massive whale has transferred 1,000 BTC, worth $97.5M, to Binance in the past 4 hours, raising eyebrows in the crypto community. Between March 14 and October 31, this whale accumulated a staggering 11,657 BTC, valued at $780.5M, with an average entry price of $66,953 per Bitcoin. BTC is currently trading at $96,688, down 0.62% …
Two years ago, wallet 0x307 made a calculated move, spending $476k to acquire 78.5k $UNI at an average price of $6.06 per token through Binance. Fast-forward to the recent rally, and the whale deposited the entire stash of 78.5k $UNI back into Binance, locking in a profit of ~$544k with an impressive ROI of 114%. …
The US SEC has taken legal action against investment firm Touzi Capital over allegedly misleading investors about the liquidity and profitability of its crypto asset mining fund. It has defrauded over a thousand investors in unregistered securities offerings that raised over $100 million. The SEC stated that Touzi Capital and its CEO commingled and misappropriated …
In a latest development, “Ripple 24”, which is marked as the official address of Ripple by xrpscan, has received two unlocks of 500 million XRP in total on December 1, worth more than US$970 million. On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system using the XRP …
U.S.-based spot Ethereum ETFs on Friday recorded their highest single-day inflows since trading began in July of this year, adding nearly $333 million in value following the market’s closed on Thursday. BlackRock’s ETHA, added over $250 million in value alone, and Fidelity’s FETH, logged about $79 million. Grayscale’s ETH fund added $3.4 million, while no …
As per the latest reports, Open Interest and BTC prices both hit all-time highs as Bitcoin approached the critical 100k target. The surge in Open Interest was driven by a significant increase in leveraged positions as star crypto surged rapidly. The 7d percentage change in open interest reached an ATH reflecting a massive growth in …
The Ethereum price has rebounded at its critical $3,500 support level in the last 24 hours. However, while price action suggests potential for upward movement, the futures market indicator reveals an alarming divergence in market sentiments. The open interest metric has reached a new all-time high. This spike suggests an unprecedented level of speculative activity …
As per the latest reports, some inactive whale wallets for over a decade have suddenly been activated. This has sparked speculation about whether the owners are cashing out, or it’s a strategic move amid market volatility. On-chain data reports the activation of two wallets that have remained untouched for over a decade in the last …
Bitcoin miners raised over $5 billion in 2024, allocating $3.6 billion to upgrading hardware and infrastructure, including new mining sites and technology. This investment aligns with the Bitcoin network’s hashrate surge, reaching a record 790 EH/s despite the halving event earlier this year. Public mining firms shifted from equity to debt financing, with $500 million …
Caroline Ellison, ex-CEO of Alameda Research, will now be released from prison on July 20, 2026, significantly earlier than her initial two-year sentence for her role in the FTX collapse. Ellison’s reduced term may stem from sentencing credits, though this remains unconfirmed. She played a key role as the prosecution’s star witness against FTX founder …
David Marcus, ex-leader of Facebook’s Libra project, revealed its demise was politically driven, led by US Treasury Secretary Janet Yellen. Despite meeting all regulatory requirements by 2021, Marcus stated Yellen instructed Fed Chair Jerome Powell to block the project, calling its approval “political suicide.” Industry leaders like Coinbase CEO Brian Armstrong and Cameron Winklevoss supported …
Shiba Inu’s weekly burn rate surged 7,400%, with nearly 2 billion SHIB tokens removed from circulation, fueled by executive Kaaldhairya burning 80M tokens. This significant supply reduction has sparked optimism for a potential price rally to $0.0004. Currently trading at $0.00002593, SHIB has seen a 39% monthly gain amid bullish market sentiment. The burn mechanism, …
Hyperliquid’s HYPE token soared 125% within 24 hours of its massive airdrop, reaching an all-time high of $7.11. The project allocated 310M tokens, 31% of its supply, as part of one of the largest airdrops in crypto history. While enthusiasm is high, with whales claiming substantial profits, selling pressure looms. Historically, airdropped tokens face price …
Binance CMO Rachel Conlan emphasized at Aus Crypto Con 2024 that while community feedback and project utility are critical factors in token listings, nothing is guaranteed. She highlighted Binance’s rigorous vetting process, including assessing founders and roadmaps, to safeguard users amidst rising memecoin popularity. Conlan noted that while many memecoins lack utility, emerging projects with …
Bitcoin recently touched a record high of $99,800 but retraced slightly, entering a consolidation phase near $90,000. Despite the pullback, confidence among large investors remains firm. According to CryptoQuant analyst Axel Adler, whales and institutional players are not selling their holdings, signaling trust in Bitcoin’s long-term growth. On-chain data reveals that the daily average exchange …
Bitcoin balances on exchanges have hit a record low of 2.28 million BTC, showing a significant shift in investor behavior. With Bitcoin’s price holding strong at $95,362, many investors seem to be moving their holdings off exchanges into private wallets. This trend suggests a growing confidence among long-term holders and a belief in Bitcoin’s future …