Category Archive: Cryptocurrency, No picture
Aptos Foundation proposes Aave V3 deployment, marking first non-EVM expansion
Key Takeaways Aptos Foundation’s proposal for Aave V3 is in the temperature check phase. Approval could lead to Aave’s first deployment on a non-EVM blockchain. The Aptos Foundation has proposed deploying Aave V3 on the Aptos mainnet, potentially marking Aave’s first expansion to a non-EVM blockchain ecosystem. Aptos Foundation has introduced a proposal to deploy […]
July could propel Solana to third-largest crypto by market cap, says Zeta Markets Founder
Key Takeaways Solana’s market cap growth is fueled by recent ETF filings. Tristan Frizza predicts a strong market for Solana in the coming months. Solana (SOL) is up 35% in 2024 and is currently the fifth-largest crypto by market cap. Last week, asset management firm VanEck filed for the first spot SOL exchange-traded fund (ETF) […]
Nvidia soars 2,782% in five years, outshining Bitcoin and Ethereum
Key Takeaways Nvidia’s market cap grew 2,782.8% over five years, outperforming both Bitcoin and Ethereum The combined market cap of Magnificent Seven, Bitcoin, and Ethereum reached $17.44 trillion by June 2024 Nvidia has experienced a staggering 2,782.8% increase in market capitalization over the past five years, surpassing the growth of both Bitcoin and Ethereum. According […]
Tether launches USDT payments for social security contributions in the Philippines
Key Takeaways The Philippines now accepts Tether USDT for social security payments. Tether’s partnership with Uquid allows SSS contributions on the TON blockchain. In partnership with Web3 shopping and infrastructure firm Uquid, Tether now enables Philippine citizens to make SSS contributions using USDT on the TON blockchain. The initiative is a development on the integration […]
Ethereum is the worst performing crypto in net flows this year
Key Takeaways Ethereum recorded its largest outflows since August 2022, totaling $61 million. Positive shifts in Bitcoin and multi-asset ETPs suggest changing investor sentiment. Crypto exchange-traded products (ETF) experienced their third consecutive week of net outflows, totaling $30 million. Notably, Ethereum-indexed ETPs saw over $60 million in outflows last week, their largest outflows since August […]
Bitfinex unveils two new tokenized bonds on its securities platform
Key Takeaways Bitfinex and Mikro Kapital’s tokenized bonds feature competitive rates and monthly issuances. The bonds are issued on the Liquid Network, enhancing security and compliance. Bitfinex Securities Ltd and Mikro Kapital today announced the launch of two new tokenized bond issues, offering durations of 11 and 36 months with coupon rates of 10% and […]
‘Asia’s MicroStrategy’ Metaplanet buys another ¥200 million worth of Bitcoin
Key Takeaways Metaplanet’s recent Bitcoin purchase increases its total holdings to 161.27 BTC. The company adopts Bitcoin as a reserve asset in response to Japan’s economic conditions. Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, has acquired an additional 20.2 Bitcoin (BTC), valued at approximately 200 million […]
Roaring Kitty hit with new lawsuit over alleged GameStop pump-and-dump scheme
Key Takeaways Keith Gill is accused of manipulating GameStop’s stock through social media. The lawsuit claims Gill’s actions led to significant investor losses. ‘Roaring Kitty’ Keith Gill has faced a class-action lawsuit over his alleged involvement in a pump-and-dump scheme related to his social media posts about GameStop. The lawsuit, filed on June 28 in […]
Sony Group acquires Amber Japan, officially steps into crypto exchange arena
Key Takeaways Sony Group has officially entered the crypto exchange market by acquiring Amber Japan. Amber Japan was involved in a speculated debt-to-equity deal following the FTX collapse. Sony Group, a Japanese conglomerate known for games, music, and cameras, has officially entered the crypto exchange market with the acquisition of Amber Japan, according to crypto […]
SEC loses bid to classify BNB secondary sales as securities
Key Takeaways The court found that the SEC’s reliance on the argument that BNB tokens represent investment contracts throughout their lifecycle is insufficient. The dismissal may provide a legal basis for other exchanges to contest similar regulatory challenges. The US Securities and Exchange Commission (SEC) lost its bid to classify sales of BNB, Binance’s native […]
