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The UAE has executed its first cross-border payment using central bank digital currency (CBDC) with China via the MBridge platform, marking a milestone in efficient international transactions. This transaction, involving the digital dirham and e-CNY, reduces costs and enables instant settlements between governmental entities. UAE and China complete inaugural CBDC cross-border payment using MBridge. The […]
ARK Invest allocated over $39 million across its ETFs to acquire shares in Bullish, Circle, and BitMine, signaling strong confidence in the crypto sector amid recent market volatility and Bitcoin’s 11% decline over five days. ARKK spearheaded the buys, adding significant shares of Bullish, Circle, and BitMine while reducing positions in non-crypto holdings like Iridium […]
The bipartisan effort to ban stock trading by members of Congress is gaining momentum through reforms to the 2012 STOCK Act, addressing conflicts of interest and non-compliance issues. Lawmakers discussed enforcement gaps and proposed outright bans during a November 19 House Administration Committee hearing, highlighting the need for stricter rules to restore public trust. STOCK […]
Bitcoin steadies near $89,000 amid stable derivatives and persistent ETF outflows, with traders monitoring a cautious market featuring controlled futures positioning and oversold technical indicators signaling potential short-term support. Bitcoin derivatives metrics remain steady, showing no aggressive positioning from traders despite the recent dip below $90,000. ETF outflows have continued for five sessions, totaling over […]
Metaplanet’s MERCURY shares issuance allows the company to raise $150 million from overseas institutional investors, primarily to acquire more Bitcoin and expand holdings to 210,000 BTC by 2027. This hybrid security offers quarterly dividends at 4.9% and equity-linked conversion, minimizing dilution while boosting stock performance. Metaplanet approved issuing MERCURY Class B preferred shares to secure […]
The co-founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, were sentenced to four and five years in prison by a U.S. court for operating an unlicensed money-transmitting business via their non-custodial Bitcoin mixer. This ruling highlights regulatory scrutiny on crypto privacy tools that facilitate anonymous transactions. Sentencing details: Rodriguez received 60 months, while […]
Maple Finance faces accusations from Core Foundation of breaching a 24-month exclusivity agreement by launching a competing Bitcoin yield product, syrupBTC, after co-developing lstBTC with $150 million in BTC funding from lenders. The dispute has led to a restraining order against Maple, raising concerns over lender reimbursements in the growing BTCFi sector. Core Foundation alleges […]
Alphabet’s stock has surged 55% in 2025, driven by AI advancements like the upgraded Gemini model and expansions in autonomous driving, positioning it as a leader among the Magnificent Seven despite trading at 25 times forward earnings. AI Leadership Boost: Alphabet’s Gemini AI enhancements in reasoning and coding have fueled recent gains, outpacing broader market […]
Owen Gunden, a prominent early Bitcoin investor, has sold his entire holdings worth $1.3 billion amid rising retail panic in the crypto market. Meanwhile, institutional ownership in spot Bitcoin ETFs has reached 40%, signaling confidence despite $2.8 billion in November outflows. Owen Gunden’s wallet transferred 2,499 BTC valued at $228 million to Kraken, completing sales […]