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Sushi’s Decentralized Derivatives Exchange Susa to Launch on Layer N


Sushi is preparing to launch its new decentralized derivatives exchange Susa on the Layer N platform. This initiative plans to address current performance challenges in decentralized finance. According to a recent blog post by Susa, the platform intended to improve the efficiency and reliability...

Bitcoin ETFs Pose Long-Term Threat to Public Crypto Miners: Galaxy


Spot Bitcoin ETFs present long-term competition for publicly traded cryptocurrency miners, according to a Galaxy Research report published Wednesday. Galaxy analysts said that before these ETFs were approved, public mining stocks were one of the few ways investors could gain exposure to Bitcoin...

Gold ETFs See $2.4 Billion in Outflows While Bitcoin ETFs Thrive


Gold exchange-traded funds (ETFs) have faced significant outflows this year, while ETFs tracking the spot price of Bitcoin (BTC) have seen strong inflows. According to Bloomberg intelligence analyst Eric Balchunas, the leading 14 gold ETFs have experienced outflows of $2.4 billion in 2024 as...

Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients


Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares worth over $1.3b as part of efforts to reimburse customers. In a Feb. 14 hearing conducted via Zoom, Judge Sean Lane signed...

Solana’s Meme Coin ‘Bonk’ Spikes 15% On Revolut Listing Report


Financial technology startup and neobank, Revolut plans to list Solana-based meme coin “Bonk” on its trading platform, according to a CoinDesk report, citing a person familiar with the matter. Following the news Bonk could be listed on Revolut, the meme coin spiked and is trading up 15% in the last...

Bitcoin to Hit 90k Before End of 2024, Says Russian Crypto Industry Chief


Bitcoin will hit the $90k mark before the end of 2024, the head of a Russian crypto industry body claimed this week. The comments came from the President of the Russian Association of Cryptocurrency and Blockchain (RACIB) Yuri Pripachkin, the Russian-language media outlet CoinSpot reported....

South Korean Police Arrest Suspects in Winnerz-linked ‘Scam Coin’ Case


A suspected scam coin operator was arrested in Gimpo, Gyeonggi Province, South Korea – in a case that appears to be linked to the controversy surrounding the blockchain firm Winnerz. According to YTN, Gimpo police charged an unnamed individual in their 20s with fraud. A second individual (also...

Indonesia’s Presidential Election Sees Crypto-Friendly Team in the Running


Indonesia former Defense Minister Prabowo Subianto has declared victory in the presidential election following unofficial vote counts indicating a significant lead, potentially securing a single-round win in his third bid for the presidency.  Subianto, along with his pro-crypto running mate Gibran...

Ethereum Restaking Draws $4.4 Billion to EigenLayer Amid Surging Interest


Over the past 10 days, EigenLayer witnessed a major increase in inflows, receiving over $4.4 billion with its Ethereum restaking feature as a key contributor. According to data from DefiLlama, there is now $1.93 billion worth of wrapped ether tokens locked on the protocol, as well as $2.73 billion...

Best Crypto to Buy Today February 14 – DYM, SEI, STX


As the crypto market continues to see positive momentum, analysts are watching for potential prospects among the best crypto to buy now. Image by cryptonews.com As the Bitcoin (BTC) price pumps to new two-year highs on strong spot Bitcoin ETF inflows, investors looking to secure faster near-term...

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