Bitcoin miner Bitfarms announced that its Board of Directors has unanimously approved a shareholder rights plan — effective immediately — to preserve the integrity of its strategic alternatives review process. The plan, also known as a “poison pill,” is designed to prevent any party from gaining control of Bitfarms without providing fair value to all […]
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Mainstream adoption of digital assets has been steadily increasing, driven by significant regulatory advancements and rising institutional interest, according to Canaccord Genuity research. According to Canaccord’s research report, the mainstream adoption of digital assets is anticipated to continue driving growth in the sector, with Galaxy Digital well-positioned to capitalize on these evolving trends. Slow and […]
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Bloomberg ETF analyst James Seyffart called for freedom of information access (FOIA) requests regarding the SEC’s approval of spot Ethereum ETFs. In a June 5 KITCO interview, Seyffart said that public requests should search for “emails, calls, [and] anyone that had conversations with [SEC chair] Gary Gensler” to determine what happened during the SEC’s decision-making […]
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BitMEX co-founder Arthur Hayes believes the recent policy shifts by global central banks herald the start of a significant bull market for Bitcoin and high-potential altcoins. In his latest blog post, “Group of Fools,” Hayes articulated how these changes in monetary policy create a fertile ground for the crypto market’s growth. Hayes highlighted the recent […]
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Donald Trump promised to halt the anti-crypto policies of US President Joe Biden and SEC chair Gary Gensler within an hour of taking office if he is re-elected, Reuters said on June 7. Palantir adviser Jacob Helberg recounted Trump’s statements during a June 6 San Francisco fundraiser, referring to Trump’s target as the “Biden-Gensler crusade […]
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Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s). The hash rate indicates how many calculations or […]
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Kraken is reportedly planning to raise $100 million through a final funding round by the end of the year before an eventual IPO in 2025, Bloomberg News reported on June 6, citing people familiar with the matter. The report said that Kraken is currently looking for a marquee company to join its board to help […]
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This week, a bill placed on the Senate calendar introduces several provisions that could impact digital asset protocols and tokens. Although it does not explicitly ban digital asset protocols, its broad scope could allow it to become an attack vector for anti-crypto aspects of the US government. The Senate Select Committee on Intelligence passed the […]
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Robinhood has announced its agreement to acquire global crypto exchange Bitstamp for approximately $200 million in cash. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to be finalized in the first half of 2025. Barclays and Galaxy Digital Partners were exclusive financial advisors to Robinhood and Bitstamp, respectively. Bitstamp, founded in […]
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VanEck believes Ethereum (ETH) will be worth roughly $22,000 by 2030, the asset manager said in a comprehensive analysis published on June 5. The forecast, developed by the firm’s Digital Assets Research team, led by Matthew Sigel, highlights Ethereum’s strong growth potential within both traditional and cryptocurrency-focused portfolios. VanEck’s analysis attributes the optimistic price target […]
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Fidelity Investments believes that a modest Bitcoin (BTC) allocation could benefit investors regardless of their specific perspectives on the digital asset, CNBC reported. The asset manager’s head of digital asset strategies, Matt Horne, made the statement on June 5 during the 2024 Vision conference. Horne said that investors and advisors are diligently developing their crypto […]
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Bybit has removed China from the list of countries whose citizens are restricted from using its services. CryptoSlate confirmed this development on June 5 via the exchange’s website and noted that the list still includes other countries such as the United States, the United Kingdom, Canada, Singapore, and Hong Kong. It is unclear if Bybit […]
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Donald Trump’s crypto portfolio, as detailed by Arkham Intelligence, has seen a significant increase in value over the past three months, peaking at approximately $32 million due to a surge in memecoins. His holdings are diversified across several tokens, with notable holdings in TROG, TRUMP, ETH, and WETH. Trump’s largest holding is in the TROG […]
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An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. Appropriations allow agencies to incur obligations and make […]
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Crypto broker Bitpanda will use Deutsche Bank to handle customer deposits and withdrawals. Bitpanda announced the partnership in a June 4 blog post, adding that Deutsche Bank will provide real-time payment services to Bitpanda users. Deutsche Bank will also provide Bitpanda’s German users with local international bank account numbers (IBANs) for deposits. Bitpanda cited the […]
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Core Scientific has entered into a significant 12-year agreement with CoreWeave, an AI hyperscaler backed by Nvidia, to provide approximately 200 megawatts (MW) of infrastructure for high-performance computing (HPC) services. This strategic move is expected to generate over $3.5 billion in total cumulative revenue for Core Scientific during the initial contract term, with an estimated […]
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Ethena Labs’ USDe, a synthetic dollar stablecoin, has garnered significant community adoption, propelling it to become the fourth-largest stablecoin by market capitalization. This achievement comes at a notable juncture, as the stablecoin surpassed the entire Solana blockchain in revenue generation within the past week. USDe supply crosses $3 billion According to data from CryptoSlate, the […]
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Trading on the New York Stock Exchange (NYSE) was abruptly halted today after Berkshire Hathaway’s Class A shares experienced a dramatic 99.97% drop in value. The equity last traded at $185.10, down from $627,214.90. The halt, coded as M, was triggered due to volatility, and the cause of the sudden decline remains unclear. In a […]
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Bitcoin and Ethereum supplies on centralized exchanges have hit record lows following the introduction of crypto-related spot exchange-traded funds (ETFs) in the United States. According to Glassnode data, Bitcoin balances on exchanges have fallen to 11.6%, the lowest since December 2017. Ethereum balances are even lower at 10.6%, the lowest since October 2015. Spot ETFs […]
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US President Joe Biden vetoed H.J. Res. 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31. Biden wrote that SAB 121 represents the “considered technical” views of SEC staff. He added that the resolution would constrain the SEC’s ability to set guardrails and address future issues and risks […]
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Elon Musk denied reports that he had been advising former President Donald Trump on crypto-related matters but reaffirmed his support for digital assets. The Tesla and SpaceX CEO’s public denial came in response to reports from Bloomberg and the Wall Street Journal that claimed Trump is considering Musk for a policy advisory role if he […]
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President Joe Biden’s re-election campaign has reportedly initiated a significant outreach to the crypto industry, according to a new report from The Block. Marking a notable shift from his previous stance, this engagement, which reportedly began approximately two weeks ago, involves seeking guidance from key figures in the crypto sector on community and policy matters. […]
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Blockchain analytical platform Nansen said Singapore’s largest bank, DBS, is an Ethereum whale after identifying a wallet purportedly belonging to the financial institution. In a May 30 social media post, Nansen claimed DBS holds approximately 173,753 ETH, valued at $648 million, in the wallet address “0x9e927c02c9eadae63f5efb0dd818943c7262fb8e.” It added that the bank had made over $200 […]
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Deutsche Bank AG has announced its strategic push into blockchain technology as a potential remedy for the margin compression challenges facing the financial services industry, Bloomberg News reported on May 29. The German banking giant is participating in Singapore’s Project Guardian, an initiative led by the Monetary Authority of Singapore, which aims to harness the […]
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Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2.30 per common share in a mix of cash and Riot common stock — amounting to a $950 million offer. Bitfarms’ Special Committee of Independent Directors reviewed the offer […]
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The Volatility Shares 2x Ether Strategy ETF (ETHU) will become the first leveraged Ethereum ETF to trade on the Chicago Board Options Exchange (CBOE) by June 4, according to a disclosure on its website. Leveraged trading allows investors to control more significant positions than their initial deposit, magnifying their exposure to price movements. The platform […]
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Ripple has highlighted the 2024 US election as a crucial juncture for the crypto industry, according to a May 29 statement. In response, the company has donated $25 million to Fairshake, a federal super PAC that backs pro-crypto and pro-innovation candidates. This contribution raises Ripple’s total donation to the committee to $50 million. Notably, Fairshake […]
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Turbo (TURBO), an AI-generated memecoin, has experienced a significant surge in value, rising 1,460.31% over the past 30 days to reach a market capitalization of over $500 million. This remarkable growth is attributed to its unique origin and the increasing interest in AI-driven projects within the crypto community. Turbo was created by digital artist Rhett […]
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Solana validators voted to allocate 100% of priority fees to themselves on May 27, ending the previous 50/50 split between burning fees and rewarding validators. The proposal, known as SIMD-0096, passed with 77% approval. It aims to address perceived flaws in the current system and align incentives for network security and efficiency. The change in […]
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The European Securities and Markets Authority (ESMA) has been scrutinizing Maximum Extractable Value (MEV) as a clear example of illegal market abuse under its proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. Patrick Hansen, a prominent commentator on crypto regulations, recently highlighted this development on Twitter, noting the significant implications for the crypto […]
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