Category Archive: Cryptocurrency, No picture
Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst
Key Takeaways Spot Bitcoin ETFs now holds 5.3% of the total mined Bitcoin supply. BlackRock’s iShares Bitcoin Trust exceeded $40 billion in assets with huge net inflows. Share this article Spot Bitcoin ETFs have accumulated 5.3% of all existing Bitcoin, according to CryptoQuant analyst MAC_D.According to the analyst, holdings in physical Bitcoin ETFs increased from […]
Michael Saylor hints at MicroStrategy’s upcoming Bitcoin purchase
Key Takeaways Michael Saylor has indicated more Bitcoin investments are imminent. Saylor wants to make MicroStrategy the leading Bitcoin bank. Share this article Michael Saylor, co-founder of MicroStrategy, has hinted at a potential new Bitcoin acquisition following the company’s recent purchase of 27,200 Bitcoin between October 31 and November 10.Saylor stated in a recent post […]
XRP breaks through $1 amid Trump-Ripple CEO meeting speculation
Key Takeaways XRP surged to over $1 amid rumors of a Trump and Ripple CEO meeting. Leadership changes at the SEC could impact ongoing cases against Ripple Labs. Share this article Ripple’s XRP token has soared above $1—its highest level since November 2021—amid growing speculation surrounding a potential meeting between president-elect Donald Trump and Ripple […]
SEC Gensler reported to step down after Thanksgiving
Key Takeaways Gary Gensler is expected to step down as SEC Chair after Thanksgiving. Potential successors for the SEC chair position are being considered amid Trump’s upcoming inauguration. Share this article SEC Chair Gary Gensler is expected to step down voluntarily after Thanksgiving and depart in early January, ahead of Donald Trump’s inauguration, according to […]
Elon Musk rejected OpenAI’s ICO plan, lawsuit reveals
Key Takeaways Elon Musk rejected a proposal for an ICO by OpenAI co-founder Sam Altman in 2018. The lawsuit claims Musk was defrauded of donations and alleges OpenAI now controls 70% of the generative AI market. Share this article Elon Musk’s lawsuit against OpenAI has unveiled new details about the company’s early considerations for an […]
Bitcoin reserves on exchanges reach a 6-year low
Key Takeaways Bitcoin reserves on exchanges have dropped to 2.3 million, the lowest level since November 2018. Data from CoinGlass shows $2.7B in weekly outflows and $7.58B in monthly outflows as confidence in Bitcoin grows with ETFs now holding 1 million BTC. Share this article Bitcoin reserves on exchanges have fallen to their lowest level […]
New York anti-crypto stance softens as regulatory tide turns
Key Takeaways Manhattan federal prosecutors will reduce focus on crypto-related crimes after major convictions. Scott Hartman announced decreased focus on crypto cases by the Southern District of New York. Share this article Manhattan federal prosecutors will reduce their focus on crypto-related crimes following several major convictions, a senior prosecutor told Reuters today.Scott Hartman, co-chief of […]
Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve
Key Takeaways The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million Bitcoins over five years and using Federal Reserve remittances to fund the program. Share this article Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, which is […]
Solana meme coin Litecoin Mascot soars to $120 million market cap in less than 48 hours of launch
Key Takeaways Litecoin Mascot (LESTER) reached a $90 million market cap within 48 hours of launch. LESTER secured exchange listings and saw a 700% price surge post-launch. Share this article A new Solana-based meme token, Litecoin Mascot (LESTER), just hit a $120 million market capitalization within 48 hours of its trading launch, according to data […]
Ripple’s XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation
Key Takeaways XRP surged 20% to reach $0.83 after Gary Gensler hinted at resignation. New SEC leadership could lead to lawsuit dismissals benefiting XRP and other tokens. Share this article XRP, Ripple’s native token, jumped approximately 20% to $0.83 after Gary Gensler hinted that he might step down as SEC Chairman during a speech on […]
