Category Archive: Cryptocurrency, No picture
Genesis moves $1.5 billion in BTC and ETH, Bitcoin dips 2.2% in hour
Key Takeaways Genesis Trading transferred $1.5 billion in BTC and ETH, causing price drops. The transfer likely marks the beginning of creditor repayments following Genesis’ bankruptcy. Genesis Trading moved over $1.5 billion in Bitcoin (BTC) and Ethereum (ETH) in the past hour, according to an X post by Arkham Intelligence. As a result, BTC fell […]
Morgan Stanley greenlights Bitcoin spot ETF offerings for wealth advisors
Key Takeaways Morgan Stanley’s financial advisors can now offer bitcoin ETFs to eligible clients. The offering is limited to clients with a minimum net worth of $1.5 million and aggressive investment profiles. Morgan Stanley, the top-tier investment bank and wealth management firm, will allow its financial advisors to actively promote Bitcoin exchange-traded funds (ETFs) to […]
Stablecoin market surges past $160 billion, reaching a two-year peak
Tether’s USDT has propelled the stablecoin market to over $160 billion in value, its highest point since the collapse of Terra’s UST. According to IntoTheBlock, USDT now comprises over 70% of the stablecoin market, maintaining this dominance throughout 2024. The stablecoin has also recorded all-time low volatility in July, despite broader market retractions.Image: IntoTheBlockUSDT’s on-chain […]
Grayscale Bitcoin Mini Trust records $191 million inflows after soft debut
Key Takeaways Grayscale’s Bitcoin Mini Trust continued its strong performance on Thursday, attracting an additional $191 million in inflows. The Grayscale Bitcoin ETF has suffered over $19 billion in losses post-ETF conversion. Grayscale’s Bitcoin Mini Trust got off to a strong start after pulling in $191 million on Thursday, its second day of trading, data […]
SUN.io launches SUN DAO to enhance decentralized governance and drive ecosystem innovation
Key Takeaways SUN DAO introduces a fully decentralized governance model at SUN.io. The SUN token’s integration into governance aims to enhance community engagement and protocol security. Singapore, July 30, 2024, 12:00 PM – SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative […]
Coinbase reports $1.4B Q2 revenue, beating estimates despite lower profits
Key Takeaways Coinbase’s Q2 revenue increased to $1.45 billion despite a profit decline. Solana transactions accounted for 10% of Coinbase’s transaction revenues in Q2. US-based crypto exchange Coinbase reported $1.4 billion in total revenue for Q2 2024, surpassing analyst estimates of $1.36 billion but down from $1.6 billion in Q1. The exchange saw transaction revenue […]
MicroStrategy boosts BTC holdings with $805M acquisition in Q2
Key Takeaways MicroStrategy acquired 12,222 bitcoins at an average price of $65,882 each during Q2. The company reported a net loss of $102.6 million due to significant digital asset impairments. Business intelligence firm MicroStrategy acquired 12,222 bitcoins for $805.2 million since the start of Q2 2024, bringing its total holdings to 226,500 BTC at an […]
Polymarket shows Kamala Harris’ odds of winning at an all-time high of 45%
Key Takeaways Harris’ odds of winning the US presidential election reached 45% on Polymarket, while Trump’s fell to 53%. US election bets on Polymarket are nearing $500 million, with Harris now leading in 19 states. Kamala Harris’ odds of winning the US presidential election reached an all-time high of 45% on prediction market Polymarket today. […]
Digital Chamber urges US senators to back Lummis’ Bitcoin bill
Key Takeaways The Digital Chamber has penned a letter to US senators, calling on them to support Senator Lummis’ Bitcoin bill. Integrating Bitcoin into national reserves could help the US hedge against economic volatility, according to the bill. The Digital Chamber, a key player in blockchain and digital asset promotion, has called on every US […]
Bitcoin drops 5%, triggers $312 million in liquidations amid Middle East tensions
Key Takeaways Bitcoin’s 5.2% price drop led to $312 million in daily liquidations, mostly affecting long positions. Middle East tensions and rejection at $70,000 likely contributed to Bitcoin’s price decline. Bitcoin (BTC) is down by 5.2% over the past 24 hours after being rejected at the $70,000 price level on July 29th and the scaling […]
