The Trump administration has taken initial steps to support the crypto industry by establishing the Working Group on Digital Asset Markets. Notably, Trump has directed the working group to explore the creation of a national digital asset stockpile, instead of setting up a Bitcoin reserve as expected. TD Cowen’s Washington Research Group, led by Jaret …
BlackRock now holds $60 billion in Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT), with 574,118.84380 BTC on the ETF’s balance sheet. Recent data reveals that Bitcoin ETFs received $188.7 million in inflows, with BlackRock capturing $154.6 million, accounting for 81% of the total net inflows. BlackRock’s strong Bitcoin accumulation has positioned it as one …
Morgan Stanley CEO Ted Pick recently stated that the bank will collaborate with U.S. regulators to explore its potential involvement in cryptocurrency markets. Pick emphasized that the focus is on determining if the bank, as a highly regulated institution, can safely engage in digital currency transactions. He highlighted the bank’s intention to work with the …
Circle recently launched Circle Paymaster, a stablecoin payments solution that allows gas fee payments in USDC on Ethereum-based Arbitrum and Base. Paymaster simplifies transactions by removing the need for native tokens like Ethereum (ETH). The use of USD Coin (USDC) for gas fee payments demonstrates the growing use of stablecoins as a stable alternative to …
In a latest development, OKX has become the first crypto exchange to get pre-authorization under the Markets in Crypto-Assets Regulation (MiCA), allowing it to expand into Europe. Once it gets the full license, OKX will offer crypto services to over 400 million people in Europe through its Malta hub. The MiCA license will allow OKX …
Justin Sun, the founder of TRON, has shared exciting news for TRON users. The development teams are working on a new feature that will allow stablecoin transactions without any fees. This plan aims to make stablecoin transfers faster and more affordable, offering a better experience for users. By removing transaction fees, TRON hopes to attract …
Ethereum remained the top-earning blockchain in 2024, collecting $2.48 billion in fees, a 3% increase from 2023, despite the cost-reducing Dencun upgrade in March. The upgrade lowered Layer 2 transaction fees, yet Ethereum’s mainnet revenue remained resilient. Tron followed with $2.15 billion, while Bitcoin earned $922 million. Ethereum’s highest-earning quarter was Q1 2024, driven by …
Taiwan’s FSC plans to propose a virtual asset law by June 2025, allowing banks to issue stablecoins for the first time. Stablecoins will serve as a bridge between legal tender and cryptocurrency, offering a secure trading portal for investors. Current tokens like USDT and USDC remain unapproved, but future issuances will require FSC approval. Stricter …
On January 23, Paidun confirmed that the late John McAfee’s X account remains secure, dismissing hacking rumors. A tweet from the account revealed a connection between the Alntivirus token (Ainti) and McAfee’s AI avatar. Initially, the token’s market value surged to $76.98 million but has since dropped to $48.1 million. The update clarifies ongoing speculation …
Binance has officially introduced the 6th project on its HODLer Airdrops Page – Animecoin (ANIME). Users who participated in Binance’s Simple Earn products, by subscribing to their BNB between January 17th and January 21st, 2025, are set to receive an airdrop distribution of ANIME tokens. Following the airdrop, Binance will list Animecoin (ANIME) for trading …
In 2024, blockchains raked in over $6.9 billion from transaction fees. Ethereum led the pack with $2.48 billion, followed by Tron at $2.15 billion. Bitcoin earned $922.89 million, while Solana saw massive growth, jumping to $750.65 million. Tron and Solana grew the fastest, with Solana’s fees soaring by 2,838%. Layer 2 solutions like Base also …
MARA Holdings CEO Fred Thiel has revealed plans to implement a Strategic Bitcoin Reserve across all 50 US states and the Federal Government. The initiative aligns with recent legislation introduced in 11 states, including Florida and Wyoming, aiming to bolster Bitcoin adoption. Jayson Browder, MARA’s SVP, emphasized their commitment to supporting Bitcoin advocacy groups and …
Glassnode’s latest analysis highlights a significant drop in Bitcoin’s Binary Coin Days Destroyed (CCD) indicator, signaling reduced activity from long-term holders. This trend reflects a decrease in sell-side pressure, suggesting that seasoned investors are holding firm. However, the market may require fresh catalysts to encourage supply movement. The CCD metric measures the selling behavior of …
Solana’s MEV infrastructure, Jito, has made history by capturing more than $20 million in fees on two consecutive days, a first-ever achievement. On January 20, during the MELANIA transaction, Jito reached a new record, earning $26.49 million in just one day. Jito has now become the leader in fee capture, surpassing other protocols like Meteora …
President Trump has revealed a massive $500 billion investment in AI through a new venture called Stargate. This initiative brings together major tech players like OpenAI, Oracle, and SoftBank to revolutionize AI in the U.S. The ambitious project focuses on advancing AI capabilities across various fields. One standout application is in healthcare, where AI will …
In a recent development, Robinhood Crypto announced on Tuesday that users in Spain can now use the platform’s trading, staking, and investing services. This marks the company’s latest expansion in Europe, after the implementation of the EU’s Markets in Crypto-Assets regulations. Johann Kerbrat, general manager of Robinhood’s crypto unit noted that in terms of total …
In a recent development, Circle has announced its acquisition of Hashnote, a leading issuer of tokenized real-world assets. Hashnote is the creator of USYC, a tokenized money market fund with over $1.3 billion in assets. The acquisition was finalized during the World Economic Forum in Davos, Switzerland. This move places Circle at the forefront of …
In a recent development, Virtune, a Swedish crypto asset manager, has launched Finland’s first crypto exchange-traded products on Nasdaq Helsinki, making it easier for Finnish investors to invest in crypto directly in euros. The launch includes five different ETPs, all physically backed and fully collateralized, the asset manager noted in a press release. Christopher Kock, …
El Salvador bolstered its Bitcoin reserve with 12 more BTC, bringing its total to 6,044 BTC, worth over $617 million. This move comes despite a $1.4 billion IMF deal requiring reduced Bitcoin activities. President Nayib Bukele’s administration reaffirmed its commitment to Bitcoin, even as private sector adoption remains voluntary. The nation’s BTC holdings show a …
World Liberty Financial (WLFI), the Trump family-backed crypto project, boasts the largest Ethereum (ETH) holdings among its assets. With 56,969 ETH valued at $184 million, Ethereum accounts for 57% of WLFI’s portfolio. Other notable holdings include 54 million USDC, 456.777 WBTC, 4,747 STETH, 19,399 AAVE, 256,315 LINK, 5.779 million ENA, and 19.298 million TRX. WLFI’s …
In a latest development, Rumble CEO Chris Pavlovski on January 20, disclosed that the firm had made its first Bitcoin purchase on January 17, in line with its $20 million treasury strategy. He suggested that this would be the first of many, though the exact amount purchased remains undisclosed at the time of writing. With …
In a latest development, Coinbase has announced support for the TRUMP token on the Solana network. Users must ensure transfers are made exclusively via the Solana network to avoid potential loss of funds. The token is now available for transfers in regions where trading is supported. Coinbase noted that it will add support for the …
A huge transfer of 40 million XRP, worth around $124.7 million, has been spotted moving to the Binance exchange, according to Whale Alert. This massive transaction raised many eyebrows in the crypto world, with many thinking it could lead to a price increase for XRP. However, data from Bithomp shows that the wallet sending the …
Binance Futures is launching the USD-Margined MELANIAUSDT Perpetual Contract on January 20, 2025, at 09:30 (UTC). This new trading option offers leverage of up to 25x, allowing traders to maximize their potential gains. The contract is linked to the Melania Meme (MELANIA) token, with settlements made in USDT. Binance’s Multi-Assets Mode enhances flexibility by enabling …
The largest cryptocurrency by market capitalization Bitcoin price today has achieved a new benchmark by achieving the $109,000 mark. Reportedly, with an intraday jump of ~3% and a trading volume of $99.069 billion. The Bitcoin price has hit a new all-time high of $109k first on Crypto.com. With this, the BTC price now has a …
Robinhood is preparing to list the TRUMP meme coin, which has already gained traction on platforms like Bitget, KuCoin, and Kraken. On-chain data reveals that the token boasts a market cap exceeding $7.6 billion, with trading volumes around $15 billion. Adding to the hype, crypto giants Coinbase and Binance have also announced plans to list …
In a latest development, Republican Senator Peter Durant of Worcester County, Massachusetts, has introduced legislation aimed at establishing a Bitcoin strategic reserve. Notably, the Worcester County native joined Texas, Pennsylvania, and Oklahoma as states considering similar bills. Also, Massachusetts is the first traditionally Democratic state to consider legislation allowing cryptocurrency investments. The proposal suggests using …
Tether, the world’s largest stablecoin creator, has announced USDT0, marking a major step in its mission to revolutionize global finance. With over $140 billion in market value, Tether claims it has fulfilled crypto’s promise by banking the unbanked and building essential financial infrastructure. In a recent statement, Tether hinted at USDT0 as the next evolution …
Phantom, a leading crypto wallet provider, has raised $150 million in a Series C funding round, achieving a $3 billion valuation. The round was led by Sequoia Capital and Paradigm, with support from Andreessen Horowitz and Variant. CEO Brandon Millman highlighted the company’s mission to make crypto accessible and safe, noting that the funds will …
In the past 48 hours, Trump’s World Liberty fund has transferred a staggering 14,611 ETH, worth $47.34 million, to Coinbase. This includes a recent deposit of 1,038 ETH, valued at $3.44 million, made just three hours ago. The transactions were made at an average price of $3,240 per ETH, showcasing significant activity. Despite these large …