The recent recovery in the cryptocurrency market has been nothing short of impressive, with Bitcoin leading the way. After experiencing a market-wide crash that saw its price tumble to a 6-month low of $49,500, Bitcoin wasted no time in bouncing back. Within a matter of days, the leading cryptocurrency surged to over $60,000 and came
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Metaplanet, a Japanese investment firm, recently made headlines by securing a $6.8 million loan to increase its Bitcoin holdings. This move was part of a larger strategy to allocate a significant portion of its raised funds towards Bitcoin investments. The decision to take out a loan from MMXX Ventures, one of its shareholders, at a
A new advocacy group called “Crypto for Harris” has recently emerged to challenge the industry appeal of rival Donald Trump. The group is set to host a virtual town hall meeting next week in support of the Harris campaign and to promote fundraising efforts. Key speakers at the event include notable figures such as crypto
Brazil’s Securities and Exchange Commission (CVM) recently made history by approving the country’s first-ever Solana-based exchange-traded fund (ETF). This significant milestone positions Brazil at the forefront of the global market for regulated investments in cryptocurrencies. The approval, which was granted on August 7, marks a pivotal moment for Brazilian investors and showcases the country’s commitment
XRP has defied the odds by decoupling from the broader crypto market and showcasing impressive gains in the past day. While other cryptocurrencies struggle, XRP surged by nearly 20%, hitting $0.64 before slightly retracing to $0.61. This surge has propelled XRP to a 42% increase in monthly gains, making it one of the top-performing assets
Judge Peter Castel has officially approved a $12.7 billion settlement between the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research. This settlement comes as a result of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC) that lasted for 20 months. The ruling requires FTX Trading and Alameda to jointly
Shiba Inu, a popular meme coin in the crypto market, has seen significant price movements over the past year. In Q2 2021, the price of Shiba Inu soared by an incredible 1,000x. This was followed by another impressive rally in September-October 2021, where it 10x’d in value. However, despite these parabolic price increases, the ROI
Recently, Nexera, a decentralized finance (DeFi) protocol, was hit with a significant security breach that resulted in the theft of $1.5 million worth of NXRA tokens. The exploit, which was first reported on August 7th by Cyvers, a blockchain security firm, involved an unidentified address gaining control of Nexera’s proxy contract and using administrative functions
Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month, despite the market slump. According to on-chain activity data, over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This trend has caught the attention of industry experts, including CryptoQuant
Shiba Inu (SHIB) experienced a remarkable surge of 20% on August 6, showcasing impressive gains in transaction volume and burn rate. Despite a 18% decline on a weekly scale, the popular meme coin has seen a resurgence in its ecosystem. The aggregated daily volume for SHIB has skyrocketed by nearly 500%, hitting close to $120
Recently, spot Bitcoin exchange-traded funds (ETFs) in the United States have seen a significant increase in daily trading volume, surpassing $5 billion on August 5th. This surge in trading volume is the highest since mid-April and has caught the attention of investors and analysts alike. The data from DefiLlama shows that BlackRock’s IBIT ETF was
The total cryptocurrency market capitalization has once again surpassed $2 trillion after a drastic downturn that wiped out $500 billion in less than a week. This sharp decline saw the total cap plummet to $1.83 trillion on August 5, triggered by Bitcoin dropping below $50,000 and Ethereum experiencing a 23% decrease in value, falling below
The recent market crash that led to a 23% tumble in Ethereum prices in less than 24 hours did not deter investors from jumping into U.S. spot Ethereum ETFs. On August 5, a total of $49 million flowed into nine newly launched spot ETH ETFs, marking the second-highest inflow day since these funds began trading.
Marathon Digital (MARA) experienced a significant drop in its shares during after-hours trading on Thursday as the company’s second-quarter revenue failed to meet Wall Street’s expectations. The reported revenue of $145.1 million fell short of the forecasted $157.9 million by approximately 9%, leading to a negative impact on the company’s stock value. The revenue miss