Category Archive: Cryptocurrency, No picture
Gensler’s exchange rule proposal sparks concerns for DeFi and crypto platforms
Key Takeaways Gensler calls for updated exchange rules to cover evolving digital asset platforms. Crypto industry fears SEC’s proposal may burden DeFi platforms with compliance. Share this article In his address today at the US Treasury Market Conference, SEC Chair Gary Gensler reiterated the importance of regulatory changes to the definition of “exchange” and alternative […]
Bitcoin eyes new high as China joins Fed with pandemic-level stimulus
Key Takeaways China’s $140 billion stimulus could drive Bitcoin to surpass $70,000. Bitcoin’s technical breakout suggests a potential rally to new all-time highs. Share this article Bitcoin appears positioned for a potential rally following China’s recent announcement of a pandemic-level stimulus package. This development, alongside recent interest rate cuts by the US Federal Reserve, has […]
Ethena debuts UStb stablecoin backed by BlackRock to complement USDe
Key Takeaways Ethena Labs’ new UStb stablecoin is fully backed by BlackRock’s BUIDL fund. The ENA governance token surged 14% following the UStb announcement. Share this article Ethena Labs, the startup behind the synthetic USDe dollar, has announced a new stablecoin called UStb that will be fully backed by BlackRock’s on-chain BUIDL fund. The move […]
Revolut explores stablecoin launch while Robinhood rules out immediate plans
Key Takeaways Revolut is considering a stablecoin launch but has not made a final decision. Robinhood has no immediate plans to enter the stablecoin market. Share this article Revolut is considering launching its own stablecoin as part of its growing crypto product suite, according to a Bloomberg report. The fintech giant is reportedly evaluating its […]
Bitcoin breaks $65,000 level as US economy grows 3%
Key Takeaways Bitcoin’s value surged past $65,000 following a 3% US GDP growth report. Improvements in the US job market correlate with increases in Bitcoin prices. Share this article Bitcoin broke the $65,000 level, hitting a monthly high, after the US GDP growth rose to 3% from 1.6% last quarter, according to the BEA.In addition, […]
SEC chair Gensler reaffirms Bitcoin is not a security
Key Takeaways SEC Chair Gary Gensler reaffirmed Bitcoin’s status as not a security. Gensler emphasized the need for strict regulations and trust for broader crypto acceptance. Share this article In a CNBC appearance today, SEC Chair Gary Gensler reaffirmed that Bitcoin is not classified as a security under SEC guidelines. Gensler pointed to the fact […]
Leveraged and short MicroStrategy ETPs debut in Europe
Key Takeaways Leverage Shares launches 3x leveraged and inverse MicroStrategy ETPs on London Stock Exchange. MicroStrategy holds 252,220 BTC, representing 1.2% of Bitcoin’s total supply. Share this article Exchange-traded product (ETP) company Leverage Shares announced the launch of a MicroStrategy ETP leveraged three times and an inverse ETP on the London Stock Exchange. One of […]
Hut 8 completes pivot to AI market with GPU-as-a-Service launch
Key Takeaways Hut 8 Corp. deployed 1,000 NVIDIA H100 GPUs for its new GPU-as-a-service vertical. The company’s compute layer now includes AI compute, Bitcoin mining, and cloud services. Share this article Bitcoin (BTC) mining firm Hut 8 has initiated its GPU-as-a-service vertical, generating revenue from an AI cloud developer’s inaugural GPU cluster. The cluster in […]
Curve Finance considers dropping TrueUSD from crvUSD collateral
Key Takeaways Curve Finance’s proposal could end TrueUSD’s role as crvUSD collateral. The proposal suggests Curve Finance’s move is aimed at reducing crvUSD’s exposure to potentially risky assets. Share this article A new proposal for Curve Finance suggests removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD, due to concerns over TUSD’s stability and regulatory […]
US Bitcoin ETFs secure 5-day inflow streak as BlackRock rakes in $184 million
Key Takeaways BlackRock’s iShares Bitcoin Trust led with $184 million in inflows. Total net inflows for US Bitcoin ETFs have reached $246 million so far this week. Share this article US-listed spot Bitcoin exchange-traded funds (ETFs) have notched their fifth consecutive day of positive performance, collectively taking in approximately $106 million on Wednesday. BlackRock’s iShares […]
