Crypto News
MicroStrategy’s Stellar Performance Won’t Lead to S&P 500 Inclusion Anytime Soon
Despite impressive stock performance, MicroStrategy is unlikely to join the S&P 500 due to concerns over earnings consistency and Bitcoin volatility. Key points: Stellar performance: MicroStrategy outperformed all S&P 500 stocks over the past four years. Bitcoin-heavy balance sheet: The company holds over 266,000 $BTC, creating volatility. Earnings concerns: Its inconsistent earnings hinder S&P 500......
$1.1B Celestia Token Release to Boost October’s Crypto Unlocks to Nearly $2B
Celestia will unlock $1.1 billion worth of $TIA tokens on Oct. 31. Along with other token releases, October’s crypto unlocks will reach nearly $2 billion. Key points: Celestia unlock: $1.1 billion in $TIA tokens will unlock on Oct. 31. Cheelee release: $300M in Cheelee tokens will be released on Oct. 10. Additional projects: $600M from......
China Eyes $142 Billion Lifeline for Struggling Banks
China plans to inject $142 billion into its top state banks to boost their lending capacity and support the faltering economy. Key points: $142 billion boost: China plans to inject 1 trillion yuan into major banks. Economic challenges: Rising bad debt, low profits, and slow growth put pressure on the banks. Bond funding: Special sovereign......
Ethena Launches New UStb Stablecoin Backed by BlackRock’s Tokenized Fund
Ethena will release $UStb, a stablecoin backed by BlackRock's tokenized U.S. Treasuries fund, BUIDL. It offers a safer alternative to its current $USDe. Key points: Introducing $UStb: Ethena plans to launch $UStb, partnering with Securitize. Backed by BlackRock's BUIDL fund: $UStb ties directly to tokenized U.S. Treasuries. Separate from $USDe: $UStb provides a different risk......
Caroline Ellison Sentenced to Two Years for Role in FTX Collapse
Former Alameda CEO Caroline Ellison will serve two years in prison for her involvement in the collapse of FTX, following her cooperation with authorities. Key points: Two-year sentence: Ellison received two years for her role in FTX's downfall. Pled guilty in 2022: She admitted to conspiracy and fraud charges. Forfeiting $11 billion: She must give......
Visa to Pilot Tokenized Asset Platform on Ethereum Blockchain in 2025
Visa will launch a pilot project in 2025 to help banks tokenize fiat currency on Ethereum, making transactions faster and more secure. Key points: Visa launches new platform: The Visa Tokenized Asset Platform (VTAP) allows banks to experiment with blockchain-based tokens. Pilot starts in 2025: The initial rollout will happen on the Ethereum blockchain. Fiat-backed......
Polymarket Targets $50M Amid 2024 U.S. Election Betting Surge, Token Launch Expected
Polymarket is raising $50M as election betting on its platform hits new highs. The company is also planning a token launch to enhance real-world event validation. Key points: $50M funding goal: Polymarket aims to secure new capital during the U.S. election betting frenzy. Potential token launch: A new token could simplify event outcome verification and......
Celestia Foundation Secures $100M in Funding Round Led by Bain Capital Crypto
Celestia Foundation raised $100M in a funding round led by Bain Capital Crypto, bringing its total funding to $155M. Key points: $100M raised: Celestia’s total funding now stands at $155M. Bain Capital leads: Bain Capital Crypto spearheaded the latest round. Other investors: Syncracy Capital, 1kx, Robot Ventures, and Placeholder participated. Scalability focus: Celestia’s modular blockchain......
EigenLayer Airdrop Season 2 Just Dropped – Claim Safely with Verified Links
EigenLayer’s Season 2 airdrop is live! If you've staked or contributed to the protocol, claim your $EIGEN tokens now using the official links below before the March 2025 deadline. Key points: EigenLayer season 2 airdrop is officially open. Eligible stakers, ecosystem partners, and community members can claim their rewards. Claim window runs through March 16,......
Coinbase Launches cbBTC Wrapped Bitcoin on Solana, Expanding its Crypto Reach
Coinbase's wrapped Bitcoin product, cbBTC, is coming to the Solana network, allowing users to utilize Bitcoin for decentralized finance (DeFi) applications. Key points: Coinbase expands cbBTC: Coinbase announced plans to bring cbBTC to Solana at Breakpoint 2024. Wrapped Bitcoin for DeFi: Users will retain control of Bitcoin while using it as collateral in DeFi. Solana......
Kamala Harris Pledges Support for Crypto Innovation, Consumer Protection at Wall Street Fundraiser
Vice President Kamala Harris promised to promote AI and crypto while protecting consumers during a Wall Street fundraiser. Key points: Crypto-friendly policies: Harris vows to promote AI and digital asset innovation. Consumer protection focus: She emphasized strong protections for consumers and investors. "Opportunity Economy" vision: Harris aims to unite various sectors to boost U.S. competitiveness.......
Bitfarms and Riot Platforms Resolve Takeover Dispute
Bitfarms and Riot Platforms reached a settlement, limiting Riot's stake in Bitfarms to 20% unless approved by the board. Key points: Hostile takeover halted: Riot’s attempt to acquire Bitfarms has paused. Board changes: Bitfarms co-founder steps down; Amy Freedman joins. Ownership cap: Riot can't own more than 20% without approval. Shareholder meeting: May be delayed,......
Ethereum’s Pectra Upgrade Set to Roll Out in Two Stages
Ethereum’s next upgrade, Pectra, will be split into two forks to implement over 20 Ethereum Improvement Proposals (EIPs) without delays. Key points: Split into two forks: Pectra 1 and Pectra 2. Pectra 1 includes 8 EIPs: These are undergoing tests on Devnet 3. Pectra 2: Includes PeerDAS and 12 other EIPs. Developer debate: Some opposed......
BingX Crypto Exchange Suffers $43M Loss in Hack
Hackers attacked BingX’s hot wallet and stole $43M. The exchange is working to resolve the issue and compensate users. Key points: Hackers target hot wallet: Hackers breached BingX’s hot wallet, causing a major loss. $43M stolen: PeckShield estimates $43M in cryptocurrencies were taken. Quick detection: BingX’s team spotted the breach on September 20 and acted......
MicroStrategy Raises $1.01B for Massive Bitcoin Purchase
MicroStrategy raised $1.01 billion through convertible senior notes to fund Bitcoin acquisitions, continuing its aggressive crypto strategy. Key points: $1.01B raised: MicroStrategy completed a convertible note offering of $1.01 billion. Bitcoin focus: Proceeds will fund Bitcoin purchases and debt repayment. Debt repayment: $500M of secured notes will be redeemed. Note details: 0.625% interest, maturing in......
Louisiana Leads the Way: Bitcoin Now Accepted for Utility Bills
Louisiana officially accepts Bitcoin and other cryptocurrencies for utility bills, marking a significant step in crypto adoption. Key points: First U.S. state: Louisiana becomes the first state to accept Bitcoin for utility payments. Tech appeal: Move aims to attract younger, tech-savvy citizens. Crypto in services: Bitcoin can now be used for public services, including utility......
Solana’s New Seeker Phone Already Hits Huge Demand with a Lower Price
Solana’s Seeker smartphone, priced at less than half of its predecessor, has already secured 140,000 pre-orders ahead of its 2025 release. Key points: Big savings: The Solana Seeker costs less than half of the previous model. Pre-order frenzy: 140,000 customers have already pre-ordered the phone. Upgraded features: Brighter display, longer battery, and better cameras. Smaller......
Ethena Domain Registrar Hacked, Users Warned to Stay Away
Ethena Labs warned users to avoid its website after a domain registrar hack compromised the front end. Customer funds remain safe. Key points: Front-end hack: Ethena Labs’ website was hit by a front-end exploit. User warning: The company advised users not to interact with the site. Funds secure: Ethena Labs reassured users that customer funds......
Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Surges
The Federal Reserve cut interest rates by 50 basis points, causing Bitcoin's price to spike above $60,000. Key points: Interest rate cut: The Fed reduced rates to a 4.75%-5.00% range. Bitcoin price rise: Bitcoin spiked after the announcement, trading around $60,558. Economic outlook: The Fed sees solid economic growth but inflation remains elevated. Market volatility......
Sky Rebrands with New dApp and Tokens, Live Now
Sky, formerly Maker, launched a new dApp and introduced the $SKY and $USDS tokens, allowing users to switch from $MKR and $DAI. Key points: New tokens live: $SKY and $USDS tokens are now live on the mainnet. Easy migration: $MKR and $DAI holders can convert to $SKY and $USDS at favorable rates. High yields: Users......
