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Ripple Completes Acquisition of Standard Custody & Trust Company
12.6.2024
Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio...
Grayscale Bitcoin ETF witnesses outflow amounting to $121 million
12.6.2024
Grayscale Bitcoin ETF witnesses an outflow of $121 million following a selling exercise of 1,800 BTC. From the time the bitcoin ETF received consent, the selling of assets has reached the figure of 335,000 BTC, whereas, in the case of different suppliers, they are noting down figures about inflows....
US Spot Bitcoin ETFs reverse 19-day inflow streak with $65M outflows
11.6.2024
The US Spot Bitcoin ETF had an inflow streak of 19 days before it came to an end this Monday. That is when the market saw an outflow of $64.93 million. Nevertheless, the streak was the longest since the approval of Bitcoin ETFs and has showcased its capabilities. The eleven ETFs collectively...
DeFi project Hydration will receive $14.4M from Polkadot Treasury
11.6.2024
Polkadot Treasury has allocated 2 million DOT tokens. They were worth approximately $14.4 million. The DeFi project Hydration has benefited from the allocation, which aims to improve liquidity and efficiency. Omnipool is a liquidity provisioning platform that operates on a single-sided basis....
Bitcoin eyes $89,200 as Fed Rate cuts decision looms
10.6.2024
As the Federal Reserve’s decision on potential rate cuts approaches, market analysts are closely watching its impact on Bitcoin (BTC) prices. The anticipation of a more accommodative monetary policy has fueled speculation that Bitcoin could soon reach a new local high of $89,200. The Federal...
Arbitrum DAO invests $222 million in gaming ecosystem growth
10.6.2024
The Arbitrum Decentralized Autonomous Organization (DAO) has recently increased its stake in the Ethereum layer-2 gaming sector through a large investment. The DAO has agreed to invest 225 million ARB tokens, or approximately $222 million, in the development of the gaming industry over the next...
Sky Mavis extricates $5.7M, stolen from Ronin Bridge
10.6.2024
Sky Mavis has successfully managed to retrieve $5.7 million about the stolen amount from Ronin Bridge in 2022, with $40 million remaining. This was made possible with the assistance of the Norwegian official bodies. Regarding the balance amount, the strategy for retrieving it is awaited....
Bitcoin dips below $70k, keeps bullish hopes alive for a rebound
10.6.2024
Bitcoin was previously teased to climb the ladder and reach closer to $84,000. That didn’t happen, but what has happened has signaled the potential for a rebound. Interestingly, it is a dip below the mark of $70,000. Industry experts believe that the dip has brought the opportunity...
Orbit Chain hacker moves $48 million online via Tornado Cash
10.6.2024
The hacker behind the theft of $48 million from Orbit Bridge has returned to the scene with the intention of transferring the funds using Tornado Cash. Incidentally, the figure hacked has now reached the value of $121 million, having passed a substantially long period. For those who...
The road to $0.0001: Will Bitgert make it this bull run?
10.6.2024
Experts from the crypto market believe that the market has reached its bottom and things will only get better from here. Bitcoin is back to $71K and is holding the mark steadily. Bitgert, one of the investor’s favourite tokens has been constantly growing throughout the dips and correction...
Kraken gears up for an IPO with a $100M fundraising target
7.6.2024
Kraken, one of the world’s largest cryptocurrency exchanges, is making strategic measures in advance of its highly anticipated initial public offering (IPO). The company aims to raise $100 million in a final fundraising round before going public, signaling a major milestone in its growth...
HULK meme coin lost $15 million in market cap
7.6.2024
The HULK meme coin lost roughly $15 million in market capital. This happened after Hulk Hogan, a WWE wrestler, first allegedly promoted the Solana-based meme token and then deleted those posts. The market cap dipped in a matter of minutes, plummeting from $17 million to $2 million. HULK’s...
Whales move 318M XRP tokens as it retains $0.52 support
7.6.2024
XRP tokens have a bearish sentiment prevailing at the moment. The token has dropped by 0.58% in the last 24 hours. It is listed at $0.5226. This has not stopped whales from increasing their activities. A wallet routed two separate transactions to move the token to Bitstamp and Bitso. The first...
Speculations are rife regarding Bitcoin breaking the $74K mark
6.6.2024
With Bitcoin prices hovering around $74,000 this month and with increased demand, rumors are circulating that it will shatter its own record in the upcoming days. According to certain analysts with QC Capital, there is a strong demand for bitcoin call option purchases in the current month, pointing...
Binance battles to slash $13 Billion UK lawsuit in high-stakes legal showdown
6.6.2024
Binance, one of the world’s largest cryptocurrency exchanges, is taking decisive steps to significantly reduce the scale of a $13 billion lawsuit filed against it in the United Kingdom. The lawsuit, which has garnered significant attention in the financial and crypto communities, alleges that...
Startups can hedge bank risk with Bitcoin — Tim Draper
6.6.2024
The fall of Silicon Valley Bank prompted Venture Capitalist Tim Draper to tell the firms he’d invested in to buy Bitcoin
VanEck revises ETH growth projection to $22,000
6.6.2024
VanEck, a fund management firm, has raised its speculation for ETH’s value to $22,000. This is largely correlated to the approval of the Spot Ether ETF. Meaning, Ethereum could see a dip if the US Securities and Exchange Commission decides not to give the final nod of approval to S-1 registration...
Cardano enters a new Argentine partnership; will ADA reach $0.5?
6.6.2024
Cardano recently shook the crypto market by signing an official partnership with Argentina. This development marks a major milestone for the country, which is trying to elevate its crypto sector. The announcement states that Rogelio Frigerio, the Entre Rios Province’s governor, joined hands with...
Tether invests $18.75 million in XREX to enhance the online asset space
6.6.2024
Tether has invested $18.75 million in XREX Group to improve the overall online asset space and initiate global payments with USDT. In addition, Tether plans to introduce inventive innovative regulatory technology. For the uninitiated, Tether is known as the largest company in the online asset...
Settlement agreement of $885 million between FTX estate and IRS
5.6.2024
FTX debtors must pay the Internal Revenue Service $200 million and a remaining property claim of $685 million. The new agreement will feature the FTX estate paying the Internal Revenue Service nearly $1 billion. The sum totaling $885 million is very low compared to the $24 billion demanded by...