A recent investigation by crypto sleuth ZachXBT has revealed a large-scale infiltration of crypto projects by developers linked to North Korea. The investigation began after a team reported a $1.3 million theft from their treasury. This led to the discovery of a much broader network of compromised projects. Key findings: 25+ crypto projects identified with......
Crypto exchange Binance has received its 19th global regulatory milestone as it re-enters the Indian market. According to the details from an official announcement, Binance has registered as a reporting entity with India’s Financial Intelligence Unit (FIU-IND). Key points: Binance re-enters the Indian market. India marks its 19th global regulatory milestone. Binance registers as a......
Senate Majority Leader Chuck Schumer expressed confidence in passing bipartisan crypto regulation before the year's end. Key points: Schumer believes passing crypto legislation in 2024 is "absolutely possible." Multiple Democratic lawmakers voiced support for a balanced regulatory approach. The event aimed to consolidate crypto industry support for Harris's presidential bid. Schumer's optimistic stance on crypto......
MetaMask has announced the launch of their debit card in collaboration with Mastercard and Baanx. According to the details from their press release, this card enables users to spend directly from their MetaMask wallet. Key points: MetaMask launches its debit card. The wallet service provider collaborated with Mastercard and Baanx for the launch. The card......
The US economy has slightly recovered from the consistent grip of inflation in July. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 2.9%. Key points: The CPI showed a drop in July, defying economists’ expectations of 3%. This is the lowest it has been since March 2021.......
Goldman Sachs has disclosed a $418.65 million investment in U.S. spot Bitcoin exchange-traded funds (ETFs). This revelation was made through the bank's quarterly 13F filing with the Securities and Exchange Commission. Key details of Goldman Sachs' Bitcoin ETF holdings: $238.6 million in BlackRock's iShares Bitcoin Trust (IBIT) $79.5 million in Fidelity's FBTC $56.1 million in......
Canadian exchange ezBtc and its founder, David Smillie, have been found guilty of defrauding investors of over $9.5 million. The British Columbia Securities Commission (BCSC), a provincial regulator in Canada, brought together a panel to investigate ezBtc's operations. Key points: Approximately 13 million Canadian dollars ($9.5 million) were misappropriated. Over 2,300 Bitcoin and 600 Ethereum were......
Arthur Hayes, the co-founder of BitMEX Exchange, has shared a blog post covering various topics, including Bitcoin's potential trajectory and the future of altcoins. Hayes is known for his provocative market analyses and has outlined a scenario where Bitcoin could reach $100,000. Key points: Predicts Bitcoin will hit $100,000 next. Links crypto market movements to......
According to the latest report from CoinShares, the crypto sector has seen a modest $176 million inflow of capital after last week's $528 million outflow. Key points: Crypto fund inflow hit $176 million as investors realized the buying opportunity. Ethereum attracted $155 million in inflows last week. Year-to-date inflow hits $862 million. Bitcoin weekly inflows......
An Ethereum ICO participant has begun to move their ETH stash. According to on-chain data shared by EmberCN, the whale participated in the Ethereum ICO in 2015. During the ICO, the whale received 1 million ETH, which was priced at $0.311 per coin. Key points: An Ethereum ICO participant moves 48,500 ETH. The $154 million......
Amidst the recent rise in the usage of Tornado Cash by hackers, OKX CEO Star has made an announcement for its users. In one of his recent tweets, Star mentioned that those who interact with sanctioned platforms Garantex and Tornado Cash will face the risk of account closure. Key points: OKX CEO Star warns users......
TOKEN2049, the world’s largest Web3 and crypto conference, announced a star-studded DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Making their eagerly awaited debut in Singapore, award-winning trio WhoMadeWho will be headlining the event alongside South African DJ and producer Da Capo and returning acts, Hong Kong’s Leon, Milam and Mo-Shi. AFTER 2049 will be......
Coinbase has publicly opposed the Commodity Futures Trading Commission's (CFTC) proposed ban on certain event contracts. The response was written by Coinbase Chief Legal Officer Paul Grewal in a recent letter. Key points: The CFTC's definition of "gaming" is overly broad and inconsistent with legislative intent. The proposed ban could stifle innovation in prediction markets.......
Japanese investment firm Metaplanet has taken out a ¥1 billion ($6.8 million) loan to further increase its Bitcoin holdings. Metaplanet's announcement comes two days after the firm disclosed its plan to invest $58 million in Bitcoin via a stock rights offering. Key points of Metaplanet's recent actions: Secured a 1 billion yen ($6.8 million) loan......
Ripple has been ordered to pay a $125 million fine by a U.S. federal court. This has concluded a prolonged legal struggle with the Securities and Exchange Commission (SEC). This ruling has had a positive impact on the price of XRP, which surged double digits after the announcement. Key points: Judge Analisa Torres imposed a......
In a recent Bloomberg interview, Michael Saylor, co-founder and executive chairman of MicroStrategy, spoke about Bitcoin. Saylor addressed the recent market volatility, energy consumption concerns, and his company's investment strategy. Key points: MicroStrategy acquired 169 additional Bitcoin for over $11 million in July. Saylor personally holds over 17,000 Bitcoin. Bitcoin's volatility is described as a......
According to the latest details shared by on-chain analyst Lookonchain, hundreds of wallets associated with PlusToken Ponzi have begun moving 789,533 Ethereum after over 3.3 years of dormancy. Key points: Wallets associated with PlusToken Ponzi are on the move. Hundreds of wallets have come alive after 3.3 years of dormancy. The wallets are moving 789,533......
Adding to the list of ongoing crypto hacks recently, Ronin Network has reportedly been hacked for 4,000 Ethereum and 2 million USDC. According to the details shared by Ronin, the bridge lost a total of $12 million. Key points: Ronin Network was hacked for 4,000 Ethereum and 2M USDC. ZachXBT calls Ronin a cursed project.......
The U.S. Securities and Exchange Commission (SEC) has fired back against Coinbase's attempts to access its internal documents. The regulator is requesting the court deny the request by the crypto exchange. Key points: SEC opposes Coinbase's request for "essentially all documents" related to crypto assets. The agency claims Coinbase's demands are "extraordinary" and lack legal precedent.......
In one of the latest developments between India and Binance's Tussle, the exchange has reportedly challenged India's tax notice. Key points: Binance received an $86 million tax showcause notice from Indian authorities The notice covers alleged tax evasion from July 2017 to March 2024 Binance reportedly earned over $476 million in transaction fees from Indian......
According to the latest report from CoinShares, the crypto sector has seen a $528 million outflow of capital as the market turned bearish. Key points: Crypto funds saw outflows for the first time in four years. Bitcoin saw outflows totaling $400 million. Ethereum outflows hit $146 million. Major altcoins show double-digit losses as the market cap drops......
As the world’s largest and most prominent crypto and blockchain event, TOKEN2049 is set to break all records for its 2024 edition. Taking over Singapore and the entirety of the Marina Bay Sands, TOKEN2049 promises its most immersive festival experience. Speaker highlights include Binance CEO Richard Teng; Solana Founder Anatoly Yakovenko; prolific entrepreneur Balaji Srinivasan;......
MicroStrategy has released its financial results for the second quarter of 2024. The business intelligence firm has highlighted major developments in its Bitcoin strategy and overall financial performance. Key points: Bitcoin holdings increased to 226,500, with a market value 70% above the cost basis. Introduction of a new "BTC Yield" metric, targeting 4-8% annual growth......
The Appellate Court of Montenegro has confirmed a previous ruling to extradite Do Kwon to South Korea. According to the press release by the Court of Appeal of Montenegro, the court has rejected the United States' request. Key points: The Appellate Court backed the High Court of Podgorica's earlier judgment. South Korea's extradition request was......
While the US Federal Reserve kept its interest rates unchanged this time, the Bank of England has announced its first rate cut in four years. This brings the key rate to 5% after the 0.25% cut. UK policymakers also voted 5-4 in favor of the rate cut. Key points: The Bank of England cuts interest......
The Federal Reserve has decided to keep its key interest rate unchanged once again. The FED has now maintained its key monetary policy rate steadily at a 23-year high. The much awaited data now reveals that the FED is taking a cautious approach to monetary policy despite recent signs of cooling inflation. This is also......
Stablecoin issuer Tether has released its Q2 2024 attestation report. The report was independently verified by global accounting firm BDO, where the company shared details of its finances in the first half of 2024. Key points: Tether unveils a $5.2 billion profit in the first half of 2024. Group equity soared to nearly $12 billion.......
Mt. Gox has begun moving Bitcoin once again after almost a week of inactivity. According to the data from Arkham, the exchange has moved 33,964 BTC to an unknown wallet, "bc1q26." As per the current market price, the value of the moved Bitcoin stands at around $2.2 billion. Key points: Mt. Gox moves 33,964 Bitcoin......
The U.S. Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji. Al-Naji is the founder of the social media platform BitClout. The SEC accused Al-Naji of allegedly running a fraudulent cryptocurrency scheme. The regulator also claims that Al-Naji raised over $257 million through illegal sales of the platform's BTCLT tokens. Key allegations from......
According to the latest report by Immunefi, losses due to crypto hacks and fraudulent activities rose during the second quarter of 2024. As per the data, total losses amount to a staggering $572.7 million in Q2 2024. This figure represents a 112% increase compared to the same period in 2023. Key points: Hacks accounted for......
According to the details from a recent court filing, the SEC has signaled its intention to amend its original complaint against Binance and its founder, Changpeng Zhao. As per the details, the regulator might also drop its charges against Solana (SOL) and Polygon (MATIC) tokens. Key points: SEC plans to file a motion to amend......
According to the latest report from CoinShares, the crypto sector has seen a muted $254 million inflow of capital even though the market turned bullish. Key points: Total inflows into digital asset investment products reach $20.5 billion year-to-date. The inflows show a mixed picture for various cryptocurrencies. Trading volumes spiked to the highest levels since May.......
According to the latest details that surfaced, HSBC's Australian wing has sent an email to its customers saying that it will begin blocking payments to crypto exchanges. The bank had stated in the mail that it would begin on July 24. As per the report from Finance Magnets, the primary reason for the move is......
UK regulators fined Coinbase's UK arm, CBPL, $4.5 million on Thursday. The penalty is for breaching an agreement that was kept in place to stop high risk customers from joining the exchange. Key points: UK regulators fine Coinbase's UK arm $4.5 million. The violation was on the grounds of breaching an agreement. The voluntary agreement......
The Indian cryptocurrency exchange WazirX has reportedly fallen victim to a hack. According to the details from the security platform Cyvers, multiple suspicious transactions were identified. The suspicious transactions involved their multisig wallet on the Ethereum network. Key points: Indian crypto exchange WazirX reportedly hacked. Cyvers identified multiple suspicious transactions from its multisig wallet. A......
A few Mt. Gox creditors are facing security fears due to multiple login attempts in their accounts. Key points: Multiple Mt. Gox creditors report suspicious login notifications within 24 hours. Creditors fear a potential brute-force attack on the Mt. Gox system. Mt. Gox website was temporarily taken down for maintenance. Mt. Gox creditors have been......
Cardano co-founder Charles Hoskinson has put out a tweet in response to Vitalik Buterin's thoughts on pro-crypto candidates. Hoskinson's view was quite opposite to that of Vitalik, who released a blog post against choosing your political allegiances based on who is pro-crypto. Key points: Vitalik Buterin released a blog post against choosing pro-crypto political leaders.......
Troubled crypto exchange FTX has reached an agreement with the U.S. Commodity Futures Trading Commission (CFTC). The duo agreed to shake hands on a $12.7 billion settlement. If the settlement is approved, it could pave the way for the exchange's reorganization and provide a measure of closure for its creditors. Key points: Settlement comprises $8.7......
The Mt. Gox cold wallet has begun moving billions in Bitcoin. In the last few hours, the wallet moved bitcoin worth almost $9 billion, according to Arkham data. Key points: Mt. Gox cold wallet transfers 47,229 BTC (approximately $3 billion) to an unknown address. An additional 44,527 BTC ($2.84 billion) moved to another wallet Mt.......
A recent report by blockchain analytics firm Chainalysis sheds light on the growing use of crypto in money laundering operations. Key points: Nearly $100 billion in illicit funds transferred to conversion services since 2019. Record $30 billion in laundered funds identified in 2022 Crypto mixers, cross-chain bridges, and wallet "hops" are common laundering techniques The......
Hong Kong authorities have uncovered a scam involving millions in crypto and thousands of fake banknotes. Key points: Three suspects were arrested for defrauding a businessman of HK$3.11 million in Tether. Police seized 10,978 counterfeit HK$1,000 notes in a Mong Kok office raid. The fake notes were "training notes" commonly used in mainland Chinese banks.......
The Hong Kong Securities and Exchange Commission has released an updated list of crypto exchanges that are operating without a license in the jurisdiction. According to the details shared by the SFC, these firms are believed to be or already have targeted Hong Kong investors. Key points: SFC releases an alert list to crypto investors.......
According to the latest report from CoinShares, the crypto sector has seen a $1.44 billion inflow of capital as the market turned bullish. The crypto market seems to have escaped the FUD around German government Bitcoin sales as the wallet emptied all of its holdings. Key points: Total inflows into digital asset investment products reach......
Just one day after the SEC ended its investigation into Paxos, the commission is dropping another investigation. According to the details from a recent filing, the SEC has ended its investigation of Hiro Systems. Key points: The SEC ends its three year long investigation into Hiro. Details from the filing show that the SEC is......
After a few weeks of back-to-back selling, the German government now has only around 9094 Bitcoin left in its wallet. Key points: German government now only holds 9094 BTC. The value of the current holdings stands at around $519 million. German government hasn't moved any Bitcoin in the last 13 hours. At the current pace,......
The Securities and Exchange Commission (SEC) has decided to conclude its investigation into Paxos, according to a report by Fortune. This decision comes more than a year after the commission issued a Wells notice to Paxos. Key points: SEC ends probe into Paxos without recommending enforcement action. Paxos expresses relief and anticipates accelerated enterprise partnerships.......
The US economy has slightly recovered from the consistent grip of inflation in June. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 3%. Key points: CPI showed a 0.3% drop in June, defying economists’ expectations of 3.1%. Core CPI falls to 3.3%, lower than the expected 3.4%.......
The official website of Compound Finance, a leading lending protocol, has been compromised. The incident has prompted urgent warnings from both the project team and independent crypto sleuths. Key points: Compound Finance's official website (compound.finance) redirects to a phishing site. Users are strongly advised not to visit or interact with the website. The compound protocol......
Former President Donald Trump has been announced as a keynote speaker at the upcoming Bitcoin 2024 conference. The announcement was made by the official X account of The Bitcoin Conference. Key points: Trump will speak at Bitcoin 2024 in Nashville, Tennessee, from July 25–27. The conference has moved from Miami to Nashville for its fourth......
BitMEX has admitted to failing to maintain its anti-money laundering (AML) protocols. The revelation was made by the United States Department of Justice in a recent press release. Key points: BitMEX pleads guilty to Bank Secrecy Act volation. The exchange operated without an adequate AML program from 2015 to 2020. U.S. authorities allege the platform......
The German government has been on a selling spree over the past few weeks. The back-to-back offloading has cost the government its "Bitcoin billionaire" status. Key Points: German government sold 2,000 BTC (worth approximately $117.3 million) in the past few hours. Remaining Bitcoin holdings stand at 13,360 BTC (valued at around $784.96 million) Total Bitcoin......
Blockchain analytics firm Elliptic has exposed a crypto fraud ecosystem centered around Huione Guarantee. Huione Guarantee is an online marketplace based in Cambodia. Key findings: Huione Guarantee-linked wallets have processed over $11 billion in crypto transactions since 2021. The platform specializes in services for crypto scammers, including money laundering and fake crypto investment site creation.......
According to the latest details from a press release, DigitalX Limited is set to introduce spot Bitcoin Exchange Traded Funds (ETFs) on the Australian Securities Exchange (ASX). This ETF is set to debut under the ticker BTXX. The DigitalX spot Bitcoin ETF will begin trading on July 12, 2024, at 10:00 AM AEST. Key points:......
In a series of transactions, the German government has moved 15,347.723 Bitcoin (BTC) over the past 24 hours. This large-scale movement of BTC valued at approximately $850 million, has triggered the market once again. Key points: German government transferred 15,347.723 BTC in 24 transactions. Funds were moved to major exchanges, including Coinbase, Bitstamp, Kraken, and......
According to the latest report from CoinShares, the crypto sector has seen a $441 million inflow of capital despite the bearish sentiment. The inflow is despite the selling pressure from Mt. Gox and the German government. Key points: Bitcoin attracted $398 million in inflows, representing 90% of total investments. Solana gained major investor interest. Regional......
Golem has transferred a substantial amount of Ethereum (ETH) to various cryptocurrency exchanges over the past month. Golem is one of the most prominent Ethereum Initial Coin Offering (ICO) projects. Key points: Golem transferred 36,000 ETH (approximately $115 million) to exchanges in 37 days. The project still holds 157,360 ETH, valued at about $530 million.......
Bitcoin's price plunged below $54,000 in the last 24 hours, triggering a bloodbath in the overall crypto market. The sudden crash was likely triggered by an unexpected move from the infamous Mt. Gox exchange. Key points: Mt. Gox transfers 47,228 BTC (worth $2.71 billion) from cold storage to a new wallet. Bitcoin price dropped from......
Justin Sun, the founder of Tron, has stepped forward with an offer to purchase the German government's Bitcoin holdings. This move comes in response to recent market movements that have caused the Bitcoin price to tumble to the $57,000 level. Key points: German government moved 1,300 BTC ($76M) to exchange deposits. Additional 1,700 BTC ($99M)......
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has once again shared his forecast on Bitcoin. In a recent tweet, Kiyosaki paints a picture of an upcoming economic doom followed by an extraordinary bull market. Key points: Kiyosaki predicts a major market crash affecting real estate, stocks, bonds, and cryptocurrencies. He anticipates a major......
Consensys has announced its acquisition of Wallet Guard. This acquisition marks a major step towards enhancing user protection within the cryptocurrency ecosystem. Key points: Wallet Guard's advanced security features to be integrated into MetaMask. Acquisition aims to improve scam and drainer detection capabilities. Consensys targets "zero user fund losses" through enhanced security measures. The integration......
The crypto industry is counting the days until the launch of spot Ethereum ETFs in the United States. At the same time, industry experts are forecasting a potential shift in the performance dynamics between Ethereum and Bitcoin. K33 Research analysts Vetle Lunde and David Zimmerman have a case for Ethereum's potential outperformance in the weeks......
Gemini has released a research report outlining the potential impact of spot Ethereum ETFs in the United States. The study predicts a substantial influx of capital as these new investment vehicles prepare to make their debut. Key points: Gemini projects up to $5 billion in net inflows for spot ETH ETFs within six months. Total......
Stablecoin issuer Circle has announced its compliance with the European Union's Markets in Crypto-Assets (MiCA) regulations. According to Circle CEO Jeremy Allaire, this move positions Circle as the first global stablecoin issuer to adhere to the new EU stablecoin laws. Key points: Circle is now authorized as an e-money issuer by the ACPR in France.......
The technology and entertainment conglomerate Sony is gearing up to launch its own crypto exchange. This development comes as the company revamps WhaleFin, a crypto exchange it acquired last year. Sony is transforming it into a new entity called S.BLOX Co. Key points: Sony's subsidiary, Quetta Web Co. acquired WhaleFin in August 2023. The rebranded......
The SEC has filed a lawsuit against ConsenSys, the company behind the popular MetaMask wallet. The commission alleges that ConsenSys operated as an unregistered broker and engaged in the unregistered offer and sale of securities through its MetaMask Swaps and Staking services. Key points: SEC claims ConsenSys collected over $250 million in fees from unregistered......
Crypto exchange Kraken co-founder Jesse Powell has announced a substantial donation to Donald Trump's presidential campaign. Powell mentioned in his tweet that he made the $1 million donation primarily in Ethereum (ETH). Key points: Jesse Powell donates $1 million in crypto to Donald Trump's campaign. The donation is largely in Ethereum (ETH). Powell cites regulatory......
The crypto industry faced a storm of security breaches and hacks in the second quarter of 2024. The fleet of events resulted in a whopping $572.7 million in losses. The details were released by blockchain security firm Immunefi in its Q2 report. Key findings from the Immunefi report: Total losses reached $572,688,861 across 72 incidents......
Coinbase CLO Paul Grewal has announced the filing of lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). Grewal mentioned in his tweet that these legal actions were initiated under the Freedom of Information Act (FOIA). The company seeks to compel the agencies to release crucial information that could......
According to the latest on-chain data, the United States government has transferred 3,940 Bitcoin ($240 million) linked to Silk Road to Coinbase Prime. The move also represents one of the largest Bitcoin transactions by a government, following the BTC movement by German authorities. Key points: 3,940 BTC ($240 million) moved from US government wallets to......
In his interview on Bloomberg Live, SEC Chair Gary Gensler took another jab at the crypto industry. Gensler's recent statement pushed the Ripple CEO to speak about Gensler and his actions against the crypto industry. Key points from Gensler's statement: Thousands of tokens are being offered as investment contracts without proper disclosure. Intermediaries like exchanges......
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has once again shared his insights on Bitcoin investment strategies. In his latest tweet, Kiyosaki spoke about the recent Bitcoin crash and what he is doing during this dip. Key points: Kiyosaki views market crashes as buying opportunities He advocates for a "buy and hold" strategy......
According to the latest data from Arkham Intelligence, the wallet belonging to the German Government (BKA) has moved over $54 million worth of Bitcoin. Key points: German government wallet moved 900 BTC in three separate transactions on June 25. 200 BTC sent to Coinbase, 200 BTC to Kraken, and 500 BTC to an unknown wallet......
Mt. Gox rehabilitation trustee Nobuaki Kobayashi has announced that repayments in Bitcoin and Bitcoin Cash to creditors will begin in July 2024. The latest announcement has given a sigh of relief to thousands of investors who lost their money in the exchange hack. https://twitter.com/MilkRoadDaily/status/1805165863416250553 Key points: Repayments in Bitcoin and Bitcoin Cash will begin in......
United States lawmakers French Hill and Chrissy Houlahan recently paid a visit to the detained Binance executive in Nigeria. In one of his recent tweets, Hill underscored the pathetic condition that Tigran Gambaryan is going through in the Nigerian prison. https://twitter.com/RepFrenchHill/status/1803898800966091087 The drama between Binance and the Nigerian government has been going on for a......
MicroStrategy has made another Bitcoin purchase amidst the slumping market conditions. According to a tweet by the company’s former CEO, Michael Saylor, MicroStrategy has acquired 11,931 BTC for approximately $786 million. As per the details, the company used proceeds from convertible notes and excess cash for the purchase. The average purchase price for this latest stash stands......
Binance has been slapped with a fine of approximately $2.2 million (18.82 crore INR) by India's anti-money laundering unit. The fine is for providing services to Indian clients without complying with the country's anti-money laundering (AML) regulations. The announcement was made by the Financial Intelligence Unit (FIU) on Thursday. The penalty comes after Binance and......
Crypto exchange Kraken announced that it faced a critical security vulnerability a few days ago. According to the details, the vulnerability allowed attackers to artificially inflate their account balances without even making deposits. https://twitter.com/MilkRoadDaily/status/1803459698185679063 The issue was initially brought to light through the exchange's Bug Bounty program. According to Nick Percoco, Kraken's Chief Security Officer,......
In a major development for the Ethereum ecosystem, ConsenSys has announced that the Enforcement Division of the U.S. SEC has ended its investigation into Ethereum 2.0. Now that the investigation is closed, the SEC will not bring charges alleging that sales of ETH are securities transactions. Key points: The SEC's Enforcement Division has notified ConsenSys......
The much-awaited airdrop of ZKsync's native token, ZK, has seen a large number of recipients sell their tokens within just 24 hours of the token's launch. According to data from blockchain analytics firm Nansen, nearly 41% of the top 10,000 addresses that received the ZK token have completely sold their airdrop allocation. The data also......
A case of embezzlement and money laundering involving crypto has come to light at the Bank of Huludao, a commercial Chinese bank According to a report by The National Business Daily, a Chinese financial news outlet, two former executives of the bank allegedly misappropriated funds and used crypto to launder the money through Hong Kong-based......
Bernstein analysts Gautam Chhugani and Mahika Sapra forecast the Bitcoin (BTC) price to hit $1 million by 2033. The analysts also predicted the price would reach a cycle high of $200,000 by 2025. The research firm cited unprecedented demand from spot exchange-traded funds (ETFs). Bernstein has initiated coverage on MicroStrategy. The firm is one of......
Michael Saylor, the former CEO of MicroStrategy, has announced the firm's intention to offer $500 million in convertible senior notes. The move is aimed at raising funds to acquire additional Bitcoin and support general corporate purposes. Key points: MicroStrategy plans to offer $500 million in convertible senior notes to qualified institutional buyers. The company may......
The Federal Reserve has decided to keep its key interest rate unchanged once again. The much awaited data now reveals that the FED is taking a cautious approach to monetary policy despite recent signs of cooling inflation. Key points: The Federal Reserve kept its key interest rate steady. The central bank revised its rate cut......
The US economy has slightly recovered from the consistent grip of inflation in May. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 3.3%. Key points: CPI showed no monthly increase in May, defying economists' expectations of a 0.1% rise. The annual CPI inflation rate stood at 3.3%,......
Matter Labs, the firm behind the Ethereum layer-2 network ZKsync Era, has announced the distribution details for its ZK token airdrop. In a blog post released on Tuesday, the company revealed that 17.5% of the total 21 billion ZK token supply will be airdropped to users. Key points: 17.5% of the total ZK token supply......
Crypto investment products enjoyed a total of $2 billion in inflows in the last week, according to a recent report by CoinShares. This latest inflow indicates the fifth consecutive week of positive sentiment. The continuous inflow also brings the total inflows over this period to $4.3 billion. The spike in inflow has also led to......
New York Attorney General Letitia James has filed a lawsuit against two companies and their promoters. The lawsuit was filed for allegedly orchestrating crypto pyramid schemes that defrauded investors, primarily of Haitian descent, of more than $1 billion. The complaint names defendants Cynthia Petion, her husband Eddy Petion, and others as the perpetrators of the......
Crypto exchange Kraken is reportedly considering raising a final funding round ahead of a potential initial public offering (IPO). According to Bloomberg, the exchange has received inquiries from potential investors during the current crypto market rally. This has reportedly prompted discussions of a pre-IPO round. Key points: Kraken is exploring the possibility of raising more......
The European Central Bank (ECB) has announced a decision to lower its three key interest rates by 25 basis points. This marks the first rate cut since 2019. The decision comes after nine months of holding rates steady and is based on an updated assessment of the inflation outlook and the strength of monetary policy......
