Category Archive: Cryptocurrency, No picture
Morocco set to legalize crypto after 2017 ban
Key Takeaways Morocco is drafting a law to regulate crypto assets, moving away from its 2017 ban. The central bank is considering a CBDC to improve financial inclusion and control over digital currencies. Share this article Morocco is set to legalize crypto assets after a ban that has been in place since 2017, Reuters reported […]
Bitcoin ETFs end five-day inflow streak as Bitcoin dips below $93K
Key Takeaways US Bitcoin ETFs saw massive outflows of $435 million as Bitcoin’s price fell below $93,000. MicroStrategy made its largest Bitcoin purchase ever, acquiring 55,500 BTC worth $5.4 billion. Share this article US Bitcoin ETFs faced massive outflows on Monday amid Bitcoin’s retreat below $93,000.The eleven spot Bitcoin ETFs collectively saw net outflows totaling […]
Rumble to invest up to $20 million in Bitcoin from its cash reserves
Key Takeaways Rumble plans to invest $20 million in Bitcoin to diversify its corporate treasury. Bitcoin is viewed by Rumble as a strategic asset and an effective inflation hedge. Share this article Rumble plans to invest up to $20 million of its excess cash reserves in Bitcoin as part of a new corporate treasury diversification […]
Pump.fun halts livestreams indefinitely after community backlash
Key Takeaways Pump.fun suspends livestream feature indefinitely to develop safeguards after widespread criticism of harmful broadcasts. The platform is enhancing moderation efforts amid unprecedented growth in livestream activity. Share this article Pump.fun, a Solana-based meme coin platform, has suspended its livestream feature indefinitely following widespread community backlash over harmful content broadcasts.In a community notice, the […]
Bitcoin rally toward $100k stalls as long-term holders cash out
Key Takeaways Bitcoin’s $100k rally stalls as long-term holders sold off 461,000 BTC. Total3 index rose 23% as capital shifted from Bitcoin to altcoins, suggesting an ‘altseason’. Share this article Bitcoin’s historic rally toward $100,000 has hit a roadblock, with the price falling below $95,000 today, sparking debates over the strength of the current bull […]
Sui taps Bitcoin’s $1.8 trillion market with liquid staking integration
Key Takeaways Sui blockchain will integrate Bitcoin through Babylon Labs and Lombard Protocol, enabling Bitcoin staking in Sui’s DeFi ecosystem. LBTC, a liquid staking token, will be minted on Sui and serve as a core asset within its financial ecosystem. Share this article Sui has partnered with Babylon Labs and Lombard Protocol to introduce Bitcoin […]
WisdomTree files for XRP ETF via Delaware trust
Key Takeaways WisdomTree filed to establish a Delaware trust for a proposed XRP ETF. This filing is part of increasing crypto ETF activity beyond Bitcoin and Ethereum. Share this article WisdomTree, managing approximately $113 billion in assets, has filed to establish a trust entity for a proposed XRP exchange-traded fund in Delaware. The Delaware trust […]
MicroStrategy acquires 55,500 Bitcoin for $5.4 billion
Key Takeaways MicroStrategy acquired an additional 55,500 BTC as part of its strategy to increase Bitcoin holdings. Bernstein projects MicroStrategy’s Bitcoin holdings could reach 830,000 BTC by 2033, valued at $1 million per coin. Share this article MicroStrategy said Monday it had acquired an additional 55,500 Bitcoin for $5.4 billion at an average price of […]
Ripple partners with Archax to debut first tokenized money market fund on XRPL
Key Takeaways Archax and Ripple are collaborating to launch the first tokenized money market fund on XRPL. Tokenized assets could reach $16 trillion by 2030, showing great growth potential in digital securities. Share this article Ripple is teaming up with Archax, a UK-regulated digital asset exchange, to launch a tokenized money market fund from UK […]
Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether
Key Takeaways Cantor moved to secure 5% of Tether ownership in a deal worth around $600 million. The company’s CEO, Howard Lutnick, will resign from Cantor Fitzgerald upon his confirmation as Commerce secretary. Share this article Cantor Fitzgerald, led by Donald Trump’s Commerce secretary nominee Howard Lutnick, reached an agreement to acquire a 5% ownership […]
