Category Archive: Cryptocurrency, No picture
ECB makes 25 bps rate cut as inflation drops to three-year low
Key Takeaways ECB’s rate cut follows a significant drop in inflation to 1.8%. Further rate reduction anticipated by markets by December. Share this article The Euro Central Bank (ECB) decided to cut interest rates by 25 basis points during its monetary policy meeting today, lowering the key rate from 3.5% to 3.25%. This is the […]
Stripe looking to acquire stablecoin payment network Bridge
Key Takeaways Stripe is in advanced discussions to acquire Bridge, a platform specializing in stablecoin transactions. The deal could significantly enhance Stripe’s capabilities in the stablecoin sector. Share this article Stripe, the privately-owned payments giant, is in discussion to seal a deal to acquire Bridge, a stablecoin payment platform founded by Coinbase alumnus Sean Yu, […]
Bitwise updates XRP ETF filing with new S-1 submission
Key Takeaways Bitwise revises its XRP ETF filing, enhancing custody and trading structures. SEC’s decision on Ripple appeal crucial for Bitwise XRP ETF’s future. Share this article Bitwise has updated its submission for launching an XRP-based ETF by revising its S-1 registration with the SEC with a new filing released today. The latest filing refines the […]
Elon Musk donated $75M to his pro-Trump super PAC in Q3
Key Takeaways Elon Musk’s $75 million donation to America PAC fuels Trump’s battleground strategy ahead of the 2024 election. Trump previously hinted at a potential cabinet role for Musk, sparking speculation about his influence in a second term. Share this article Tesla CEO and billionaire Elon Musk has cemented his role as a significant force […]
Marc Andreessen’s Bitcoin gift to AI bot propels meme coin to $300 million valuation
Key Takeaways Truth Terminal, a viral AI bot, endorses GOAT memecoin, sending its market cap soaring from $5,000 to $300 million in just five days. An anonymous party issued GOAT for under $2 on Solana’s Pump.Fun before the AI bot’s memetic influence fueled a rapid rise to $300 million. Share this article Truth Terminal, an […]
Bitcoin surpasses $68,000, on track to break record high
Key Takeaways Bitcoin has surged to $68,000, only 8% away from its record high. Analysts suggest that once Bitcoin’s dominance declines, altseason will kick off. Share this article Bitcoin broke through the $68,000 price level during the early hours of Wednesday, and is only 8% away from its all-time high of $73,000, according to data […]
US spot Bitcoin ETFs hit $1 billion inflows in three days, BlackRock and Fidelity lead
Key Takeaways US spot Bitcoin ETFs accumulated $1 billion in three days. This record growth indicates strong market demand for Bitcoin investments. Share this article US spot Bitcoin ETFs have seen a major surge in net purchases, totaling over $1 billion in the last three trading days, according to Farside Investors. Fidelity and BlackRock have […]
Bitcoin cuts out predatory banking, empowers the unbanked, says pro-XRP attorney John Deaton
Key Takeaways John Deaton sees Bitcoin as a revolutionary tool that can help people avoid predatory fees associated with traditional banking systems. He believes that Warren’s policies do not align with the needs of the working class and instead favor established financial institutions. Share this article Bitcoin could help eliminate the need for predatory banks […]
Grayscale files to turn Bitcoin, Solana, XRP, and Ethereum multi-crypto fund into ETF
Key Takeaways Grayscale has filed with the SEC to convert its Digital Large Cap Fund into an ETF. The fund predominantly invests in Bitcoin and Ethereum, comprising nearly 94% of its assets. Share this article Grayscale has filed a request with the SEC to convert its Digital Large Cap Fund into an ETF, according to […]
TikTok Coins system may classify as a crypto exchange, expert warns FCA
Key Takeaways TikTok’s coin system could be classified as a crypto exchange activity. The FCA has not registered TikTok as a digital asset exchange. Share this article TikTok could be acting as a digital assets exchange in the UK, a compliance expert has told the Financial Conduct Authority (FCA), according to a report from Financial […]
