A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $ 2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving. Impending …
In the last 12 days of April, the stablecoin sector expanded by $ 4.46 billion, reaching a current valuation of $ 155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30 days. Top Dollar-Pegged Cryptos See Growth Amid April’s First 12 Days As of Friday, …
Despite experiencing a downturn for four straight weeks, eight blockchain networks logged $ 3.77 billion in non-fungible token (NFT) sales in the first quarter of 2024. Leading the charge, Ethereum-centric NFTs accounted for $ 1.4 billion or 37% of the NFT sales during Q1 2024. The Dual Forces of Organic NFT Sales and …
Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele. Genesis Liquidates Grayscale GBTC Holdings According to Bloomberg Law, court filings dated April 2 reveal that Genesis liquidated approximately […]
On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over $ 2 billion. USDE to Utilize Bitcoin as Collateral An update shared …
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $ 2.01 billion from rewards and transfer fees. Of this total, $ 85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners — Income Peaks at …
On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $ 37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors. Bitcoin Futures Open Interest Reaches Unprecedented $ 37.55 Billion Since the close of 2023, interest in bitcoin (BTC) …
This week, 21.co’s onchain data analyst Tom Wan presented figures revealing that tokenized U.S. Treasury bonds on public blockchains have surpassed the $ 1 billion mark. The analyst highlighted that Blackrock’s BUIDL experienced significant growth of 400%, escalating from $ 40 million to $ 240 million within a span of a week. …
After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $ 1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $ 1.7 Billion Pulled From Kucoin Since the Department of Justice (DOJ) accused Kucoin and its founders of breaching the Bank Secrecy Act and …
The U.S. Securities and Exchange Commission (SEC) is seeking nearly $ 2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $ 2 billion fine. “We will continue to expose the SEC for what they are when we respond …
Four months ago, a total of 179 decentralized autonomous organizations (DAOs) boasted treasuries exceeding $ 1 million or more each. As of today, this figure has climbed to 211 distinct DAOs meeting the same criteria. Furthermore, since Nov. 1, 2023, the collective value of DAO treasuries has expanded by more than $ 20 …
A London resident reportedly caught with bitcoins worth over $ 4.3 billion has been convicted for entering into a money laundering arrangement. The woman specialized in converting digital assets into physical assets, such as multimillion-dollar houses and jewelry. Converting Bitcoin to Physical Assets A British woman, found in possession of bitcoins currently valued at …
A group of 85 economists has supported the Honduran government’s decision to leave the World Bank’s arbitration body, the International Centre for Settlement of Investment Disputes (ICSID), amidst a legal conflict with the crypto island project Próspera Inc., which seeks $ 10.8 billion in compensation after losing its special economic status due to legislative …
This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $ 2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $ …
Coinbase Global, Inc. has unveiled its strategy to generate $ 1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $ 150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital …