The Heartbeat of the Crypto World is Here!

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 […]

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 […]