The Heartbeat of the Crypto World is Here!

MicroStrategy has assured investors that its Bitcoin holdings provide ample coverage for debt obligations, even if BTC falls to $74,000 or crashes to $25,000, maintaining a 5.9x assets-to-debt ratio at the higher threshold. MicroStrategy’s convertible debt stands at $8.2 billion, with total liabilities reaching $15.9 billion when including preferred stock obligations. The firm holds 641,692 […]

ByteDance is in advanced talks to sell its gaming studio Moonton Technology to Saudi-based Savvy Games Group for billions, amid a strategic pivot away from gaming toward e-commerce and AI. This move follows regulatory pressures and a recent valuation surge to $480 billion, highlighting shifts in China’s tech landscape. ByteDance in talks to divest Moonton, […]

Cathie Wood’s Ark Invest recently bolstered its portfolio by acquiring over 174,000 shares of Alphabet (Google’s parent), valued at $56 million, alongside stakes in Coinbase, Circle, and its own Bitcoin ETF. This move underscores the firm’s continued optimism in cryptocurrency and artificial intelligence sectors amid market volatility. Ark Invest’s latest purchases include major tech and […]

Cryptocurrency exchanges are experiencing a notable decrease in inflows during the ongoing market correction, with Binance leading in trading volumes. On-chain data shows Binance handling $25 billion in spot trading and $62 billion in perpetual futures over the last day, highlighting its dominance amid reduced overall activity. Binance tops spot and futures volumes: Recorded $25 […]

Grayscale Investments has filed with the SEC to convert its Zcash Trust into a spot ETF, offering investors direct exposure to the privacy-focused cryptocurrency. This move capitalizes on Zcash’s surging popularity, driven by its zero-knowledge proof technology that ensures transaction privacy without compromising security. Grayscale’s filing aims to transform the existing Zcash Trust into the […]

Crypto markets are stagnating ahead of Thanksgiving 2024, with Bitcoin and Ethereum down nearly 1% as traders anticipate holiday-induced volatility from reduced liquidity. A massive $2 billion options bet suggests a potential cap on Bitcoin’s rally, signaling cautious optimism amid shifting Federal Reserve rate cut expectations. Bitcoin and Ethereum flatline: Both major cryptocurrencies have declined […]

Fartcoin experienced a 12% price surge, reaching approximately $0.305, driven by increased trading volume, improved liquidity, and sustained buyer interest amid broader market volatility. This rebound highlights renewed speculative activity in meme coins like Fartcoin. Increased trading volume to $192.7 million supports the Fartcoin surge. Enhanced liquidity draws traders to Fartcoin’s short-term momentum. Bullish derivatives […]

Grayscale Investments has filed for a ZCash Trust, marking a significant step toward launching the first ZEC exchange-traded product. This move follows a strong rally in ZEC prices, enhancing accessibility for accredited investors through an OTC-traded trust that could evolve into a full ETF. Grayscale’s ZCash Trust filing introduces ZEC to institutional portfolios, potentially boosting […]

The MegaETH pre-deposit failure stemmed from technical glitches including incorrect smart contract setup, rate limiting errors in the Sonar service, and premature execution of a Safe transaction, leading to chaotic deposits exceeding the $250 million cap and overwhelming the system. MegaETH pre-deposit failure caused by SaleUUID mismatch in the smart contract, delaying transactions and frustrating […]