As the Bitcoin price exceeds the $77,000 mark for the first time, El Salvador’s Bitcoin bet is starting to pay off. Back in November 2022, when Bitcoin hit its low of 16.7k, President Nayib Bukele of El Salvador committed to buying 1 Bitcoin daily. Fast forward to today, El Salvador’s Bitcoin holding has reached 722 …
Amidst the market optimism around Bitcoin and the broader market, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its Gold ETF counterpart, the iShares Gold Trust (IAU), in assets under management (AUM). Notably, IBIT has amassed around $33.1 billion in AUM, while IAU currently holds about $32.9 billion worth of assets. The surge in IBIT’s assets …
With increasing price volatility in the market, the Bitcoin price has achieved a new ATH five times this week. With a 24-hour trading volume of $59.73 billion, the star crypto is currently valued at $76,308.06. Since Donald Trump won the U.S. Presidential election, the BTC price has added ~$9,000 to its value. This has resulted …
As per the latest report, the Ethereum treasury has totaled ~$970 million. In this, ~$788.7 million worth of holding is in crypto and a large part of it comes from ETH tokens. On the other hand, $181.5 million worth of investment is made in non-crypto-related assets. Moreover, its ETH holdings represent around 0.26% of Ethereum’s …
In the latest announcement, Tether has revealed that it has financed a physical crude oil transaction between a publicly traded super-major oil company and a top-tier commodity trader. Completed in October 2024, the transaction was to facilitate the loading and transporting of 670,000 barrels of Middle Eastern crude oil, valued at approximately $45 million. This …
As per the latest updates FTX has sued crypto.com. Notably, Alameda had an account in Crypto.com before the company had filed for bankruptcy. Reportedly, the account was opened under the name of Ka Yu Tin, a former Alameda employee. Claims state that such practice was common in the company as this trading firm used shell …
The crypto industry celebrated a major victory after a $135 million bet on the U.S. election paid off. On November 5, Bitcoin enthusiasts gathered at PubKey, a Bitcoin-themed bar in New York, as election results rolled in. The price of Bitcoin soared past $73,000 amid favorable news for Donald Trump. Crypto-backed political candidate Bernie Moreno, …
On a large-scale phishing attack, in which the bad actor was able to siphon off 55.4 million DAI from a wallet, now quickly changed part of the funds to 6,958.7 ETH, which is approximately $20 million and then split the amount into 10 other wallet addresses in what seems to be an attempt to wash …
Dean Skurka, CEO of WonderFi, a major Canadian crypto holding firm, was briefly kidnapped in Toronto during rush hour and released unharmed after a ransom of CAD 1 million ($720,660) was paid. Despite the incident, Skurka assured clients that funds and data remain secure. The case highlights rising crime in Ontario, particularly in the Greater …
Upbit has launched trading support for DRIFT, the governance token of Drift, a Solana-based exchange for perpetual futures trading. DRIFT is now available in KRW, BTC, and USDT markets, with deposits and withdrawals limited to the Solana network only. Trading will start at 6 PM on November 8. Initial restrictions include buy limits and minimum …
Binance has expanded its Smart Arbitrage offerings to include XRP and Dogecoin (DOGE), sparking speculation about potential price rallies for both tokens. To mark the listings, Binance launched a campaign with rewards totaling 45,000 USDT, allowing users to earn up to 20.95% APR. Investors are optimistic, especially with additional factors like Elon Musk’s DOGE initiatives …
Jack Dorsey’s company, Block (formerly Square), is increasing its focus on Bitcoin after Trump’s election victory. In a recent report, Block shared plans to double its Bitcoin mining and its self-custody wallet, Bitkey. This move matches Trump’s push to make the U.S. a leader in Bitcoin mining. However, Block recently completed an advanced Bitcoin mining …
As the Ethereum price crosses $2900 per token, an Ethereum whale has begun to sell off its long-term holdings. The whale holds 398,891 ETH tokens worth $1.14 billion and has recently sold off a small chunk of its holdings. The recent sale of 29,897 ETH tokens for 84.87 million USDC was completed at an average …
As the crypto bull run gains momentum, Binance and Coinbase, two major centralized cryptocurrency exchanges, receive a massive inflow of ERC-20 stablecoins. With a $9.3 billion inflow, this is one of the largest inflows in the crypto industry. Such large-scale entry of huge ERC-20 stablecoins was last seen in September 2020 and February 2021, coinciding …
As the crypto bull run began with Trump’s political win, the institutional support for Bitcoin surged. 11 U.S.-spot Bitcoin ETF recorded the biggest net inflow ever of $1.372 billion. The record has been broken after 167 days and was spearheaded by BlackRock’s IBIT, which witnessed the massive inflow of $1.169 billion yesterday. This is the …
Poland’s financial regulator, the KNF, has issued a warning about Crypto.com’s operations, raising concerns over possible regulatory issues. The alert targets Foris DAX MT, the Malta-based company behind Crypto.com, for unauthorized financial activities but stops short of banning the platform. Polish Bitcoin advocate Tomek Kolodziejczuk explained that the warning is just a precaution for investors, …
France’s gambling watchdog, the Autorité Nationale des Jeux (ANJ), is planning to ban Polymarket, a crypto-based betting platform, for operating illegally in the country. The decision follows Polymarket’s rise in popularity after a French user made large bets on the U.S. presidential election. Over $3.5 billion was wagered on the U.S. election alone. While the …
As President Trump prepares to take office on January 20, there are high expectations for changes in crypto regulation. Trump is likely to appoint his team, with Michael Uyeda, a top candidate for SEC chairman, having a strong chance of securing the position. Trump’s administration is expected to focus on ending unjustified enforcement actions by …
Binance, the world’s largest crypto exchange, announced it will launch new trading options for Solana (SOL) paired with Tether (USDT). Starting on November 12, 2024, at 08:00 UTC, users will be able to trade SOL/USDT options on both a daily and weekly basis. This move aims to expand trading opportunities for Solana enthusiasts, giving them …
With the crypto market rising, multiple meme coins are registering new all-time high levels. One recently registered meme coin, COW, has brought profits to many investors. In a recent transaction, a whale, 0xB47, deposited 4.071 million COW tokens worth nearly $2 million over Binance. The general market speculates the wallet belongs to a team member …
As Ethereum exceeds $2800, two long-term Ethereum holders are booking profits. The whales, in total, have unloaded 33,701 Ethereum worth nearly $90 million. The first whale, an ICO participant “0xB8c”, sent 25,000 ETH worth $65.67 million to Kraken at $2,627. The whale now holds 64,450 ETH worth $181.2 million. The second whale, “0x0c1”, has returned …
Paradigm Capital has recently made a strategic move to transfer all the 70 million Lido DAO tokens as the crypto bull run begins. In the past 6 hours, the firm has deposited 8.18 million Lido DAO tokens worth $11.29 million over Coinbase Prime. The transfer also includes 61.82 million Lido DAO tokens to a new …
Following Trump’s presidential win, Senator Cynthia Lummis renewed her push to establish a strategic Bitcoin reserve. Her BITCOIN Act of 2024 proposes the U.S. Treasury acquire 1 million Bitcoins over five years to strengthen financial stability, cut national debt by half by 2045, and position the U.S. as a leader in financial innovation. With Republicans …
Following Donald Trump’s presidential win, BlackRock’s iShares Bitcoin Trust (IBIT) recorded its highest trading day ever on November 6, with a staggering $4.1 billion in volume. Bloomberg analyst Eric Balchunas noted that IBIT outpaced major stocks like Berkshire Hathaway and Netflix in trading volume, seeing a 10% price jump. Bitcoin also hit a new all-time …
Elon Musk’s net worth soared by $20 billion following Donald Trump’s election win, largely due to Tesla’s stock jumping 12.7% to $283.24. Musk, Tesla’s largest shareholder with over 411 million shares, saw the automaker’s market value increase by $120 billion, pushing it above $900 billion for the first time since 2023. Trump praised Musk as …
According to the latest data from Onchain lens, Vitalik Buterin has deposited 2.09M STRK, worth $799K, into Binance. Notably, Vitalik received these tokens over the last 5 months when they were worth $1.51M, currently incurring a loss of $714K. However, he still has 15,862 STRK, worth $6K. Vitalik invested in StarkNet in the seed round …
As Bitcoin touched its highest-ever level of $75K with the likelihood of a Trump win, MicroStrategy’s stock MSTR also surged an impressive 13% in the pre-market trading. The company’s bold plan to closely link its value to Bitcoin’s performance is mirrored in this spike in MSTR. At current prices, MicroStrategy owns about 158,245 BTC, which …
Over the past few hours, another ancient Ethereum whale wallet has added 15,000 ETH to the Kraken exchange. Reportedly, the value of this transaction is estimated to be around $39.38 million. Notably, this whale currently holds only 10,000 ETH tokens. Since 22nd September 2024, this whale wallet has sold a total of 65,000 ETH tokens …
In the 2024 US Presidential Election, Republican candidate Donald Trump secured a decisive victory, winning 27 states, including Georgia, North Carolina, Texas, and Florida, according to Decision Desk. As Democrat Kamala Harris has left behind with a margin of 4% vote share. As Trump prepares for a second term, his pro-crypto stance has gained attention. …
As the BTC price continues to reach new historical highs, its market capitalization ranking has surpassed Meta. Reportedly with a jump of 9.85% in the past 24 hours, the Bitcoin price has achieved a new ATH of $75,006.05. This has resulted in it reclaiming its position in the top ten in global asset market capitalization. …