Category Archive: Cryptocurrency, No picture
Bitdeer unveils new chip for low-power Bitcoin mining
Bitdeer Technologies has announced the development of the SEAL04 chip, a highly energy-efficient solution for Bitcoin mining, as part of its technology roadmap for the SEALMINER rig.Set for release in Q2 2025, the SEAL04 chip is expected to achieve an impressive power efficiency of 5J/TH (joules per terahash), significantly lower than the industry average of […]
US Bitcoin ETFs attract record inflows with new all-time high in sight
US exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) have seen net inflows for a record-breaking 18 consecutive days, contributing to the alpha crypto’s nudge toward a new all-time high (ATH).According to data compiled by Bloomberg, net subscriptions for the group of nearly a dozen products reached $15.6 billion through Thursday since their launch […]
GME meme coin skyrockets 97% following RoaringKitty livestream announcement
The Solana-based meme coin GameStop (GME) skyrocketed 94% and is the largest gainer in the last 24 hours, according to data aggregator CoinGecko. The sharp rise was fueled by the notification of a livestream scheduled by notorious investor RoaringKitty, set to happen tomorrow at 16h (UTC). For the past seven days, GME growth has surpassed […]
Equity market upside could favor Bitcoin as correlation with Nasdaq 100 strengthens
Bitcoin’s (BTC) 30-day correlation with the Nasdaq 100 Index of US technology stocks is nearing its highest level since early 2023, as reported by Bloomberg. This means that further gains in the index might be followed by a similar upward movement performed by BTC.Image: BloombergAdditionally, Mike Novogratz stated on Bloomberg Television that a “more positive […]
Kraken eyes over $100M in pre-IPO funding: Report
Major crypto exchange Kraken is exploring raising over $100 million before a potential initial public offering (IPO), Bloomberg reported on Thursday, citing anonymous sources familiar with the situation. The plan comes amid renewed investor interest in the crypto market and potential regulatory easing in the US. “We are always exploring strategic paths toward Kraken’s Mission: […]
ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight
The European Central Bank (ECB) cut interest rates by 0.25% today, making it the first cut in five years and reducing it to 3.75%. Crypto industry experts shared with Crypto Briefing that this movement is important for different reasons, as it raises important questions about stablecoins in the European Union and the demand for Bitcoin […]
Base meme coins record double-digit gains and top other crypto sectors
Meme coins deployed on Base rose by 13% over the past 24 hours and are the crypto sector with the highest price leap in this period, according to data aggregator CoinGecko. This is also the sector with the best performance over the past seven days, posting an upside of nearly 52%.The Degen POV (POV) token […]
Fleek teams up with Polygon Labs to boost on-chain cloud solutions
Computing platform Fleek has joined hands with Polygon Labs to provide web services for Polygon CDK projects. According to today’s announcement, the strategic partnership aims to deliver a new class of highly performant, permissionless web services built atop Fleek’s on-chain cloud infrastructure. Additionally, Fleek unveiled its first public testnet. “We are thrilled to team up […]
Robinhood to acquire Bitstamp in landmark $200M deal: Report
Robinhood Markets, a popular trading platform, announced Thursday that it is acquiring Bitstamp, the leading UK-based regulated crypto exchange. The cost of the acquisition is around $200 million and is Robinhood’s largest deal to date.Established in 2011, Bitstamp is a familiar name among crypto investors worldwide. The exchange has a strong presence in Europe and […]
SEC ‘exceeded’ authority on fee disclosures, US appeals court rules
In a blow to the SEC’s claimed authority over the hedge fund sector, a United States appeals court has struck down a rule that required hedge funds and private equity firms to increase transparency regarding their fees and expenses.The Fifth Circuit Court of Appeals issued a unanimous decision on June 5, with a three-judge panel […]
