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Crypto News
Bitcoin and Ether ETFs Lose $152M as Blackrock Drives Friday Selloff
U.S. crypto ETFs closed Friday under renewed selling pressure, with bitcoin funds losing $82.39 million and ether ETFs shedding another $69.68 million. Solana, XRP and zcash also finished lower, while NEAR once again attracted fresh…
Bloomberg Sees Bitcoin Price at $10K and Cryptoquant’s CEO Doesn’t Agree
Bloomberg Intelligence strategist Mike McGlone has put a $10,000 target back on bitcoin, and within hours, Cryptoquant CEO Ki Young Ju replied that the onchain floor sits much closer to $30,000. McGlone’s Domino Theory McGlone laid…
Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg
Binance US is reportedly seeking up to $100 million in fresh capital at a valuation of roughly $1 billion, a striking reversal from its $4.5 billion pre-money valuation in 2022. Bloomberg reports that the exchange wants to rebuild its…
Brazil’s CVM Tests Tokenized Securities Market in New Pilot Program
The commission seeks to test how decentralized ledger technologies can modernize the issuance, operation, and management of securities by implementing market rules and regulations as smart contract logic on the program’s underlying…
Strive Buys $235M in Bitcoin, Knocks MARA Out of Fourth Place
Strive just leapfrogged MARA in the corporate bitcoin rankings, snapping up another 2,822 BTC for $235 million, barely a day after revealing a $280 million purchase. The back-to-back buying spree pushed its holdings to 35,595 BTC, worth…
Interactive Brokers Rolls out Ether Staking With Zerohash
On Tuesday, Interactive Brokers (IBKR), the brokerage giant overseeing $964.7 billion in total client equity, announced the introduction of cryptocurrency staking services powered by Zerohash. Initially, eligible customers can stake ether…
Strive Adds $280M in Bitcoin, Outpacing Strategy With Biggest Buy Since January
Strive has acquired another 3,311 bitcoin for approximately $280 million, marking its largest weekly purchase since January and its third-largest acquisition to date, as the company accelerates its accumulation strategy through warrant…
Bitmine Surpasses 6M ETH, Closing In on 5% of Ethereum Supply
Bitmine Immersion Technologies is closing in on a staggering prize: ownership of 5% of Ethereum’s entire ether supply. The company disclosed on Monday that its treasury now holds 6.03 million ETH, representing 4.9% of all tokens in…
Liquid Network at 86% Backing as Bitcoin Redemption Freeze Drags On
It has been 35 days since an attacker exploited a vulnerability in the Liquid Network’s Elements software, draining nearly 4,000 BTC from the protocol, and although 3,400 BTC has since been recovered, redemptions of LBTC for actual bitcoin…
Papertrade Perp DEX Pulls in $118M in 24 Hours With 1,000x Leverage
This weekend, a new cryptocurrency trading platform built on Hyperliquid, known as Papertrade.xyz, has become a lively topic of conversation across the crypto community. The application allows traders to leverage their positions by as much…