The Heartbeat of the Crypto World is Here!

Recent US jobless claims dropped to 216,000, signaling a robust labor market that reduces expectations for Federal Reserve rate cuts. This strengthens the case for higher interest rates longer, pressuring the crypto market by limiting liquidity and keeping Bitcoin in a sideways pattern amid macro uncertainties. Jobless claims decline signals labor strength: The latest data […]

The UK government is exploring an increase in Treasury bill issuance through its Debt Management Office to attract stablecoin issuers seeking low-risk assets, enhancing sterling markets and supporting financial stability amid growing demand from digital asset firms. UK’s Debt Management Office plans a January consultation on expanding ultra-short-dated debt markets to diversify investors, including stablecoin […]

Robinhood’s acquisition of a 90% stake in LedgerX positions the trading app to launch its own prediction market platform, enhancing event contracts amid growing demand. This move follows partnerships like Kalshi and could boost revenue through innovative products, with HOOD shares rising over 8% to $125. Strategic Acquisition: Robinhood secures regulatory-approved infrastructure via LedgerX to […]

Bolivia is integrating cryptocurrencies and stablecoins into its financial system to combat high inflation and dollar shortages, allowing banks to custody digital assets for savings, loans, and credit. This move modernizes the economy amid global competition, as announced by Economic Minister Jose Gabriel Espinoza. Bolivia’s economy faces over 22% inflation, driving residents to stablecoins like […]

S&P Global Ratings downgraded Tether’s USDT stability to ‘weak’ due to increased exposure to high-risk assets like Bitcoin and insufficient transparency on reserves. This reflects concerns over potential undercollateralization if BTC value drops, despite Tether’s claims of solid backing from T-bills and bonds. S&P cites Tether’s growing BTC holdings as a key risk factor for […]

The Solana ETF has set a record with 21 consecutive days of net inflows, the longest streak for any newly launched cryptocurrency exchange-traded fund. This surpasses the 20-day marks of Bitcoin and Ethereum ETFs, as reported by SoSoValue data. Despite a 29% decline in SOL’s price, institutional demand remains robust. Solana ETF achieves 21-day inflow […]

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 […]