Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $ 80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a …
In the opening fortnight of February, the stablecoin domain expanded by $ 1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $ 2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena …
Binance Holdings is set to pay $ 4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $ 4.3 Billion Binance Settlement Approved by …
It has been 43 days since the debut of the spot bitcoin exchange-traded funds (ETFs) on the American stock market, and in this time, the nine newly launched bitcoin ETFs have accumulated 287,315 bitcoins, valued at approximately $ 14.6 billion. Leading the pack is Blackrock’s IBIT, boasting a staggering 126,950.12 bitcoins on its balance …
A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s deliberate law violations. Binance’s Alleged Refusal to Register as a Money Services Business U.S. prosecutors have reportedly urged […]
In the last 17 days, the value of artificial intelligence (AI) cryptocurrency assets has soared, with a significant addition of $ 10.21 billion to their overall market value. This surge aligns with the unveiling of Openai’s latest innovation, a generative AI-powered application capable of converting text into video. AI Cryptocurrency Sector Explodes With 142% …
Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $ 2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day grace period to Alameda Research for the settlement of purchased stablecoins. …
In an unprecedented surge, crypto funds around the globe registered record inflows totaling $ 2.45 billion last week, marking a significant uptick in investor interest. This influx has propelled the total assets under management (AUM) back to levels not seen since December 2021, signaling a strong resurgence in the crypto investment space. Record $ …
On Friday, Feb. 16, 2024, bitcoin’s value hovered between $ 51,850 to $ 52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just above …
Based on the latest available data, the Nasdaq-traded Microstrategy possesses 190,000 bitcoins, acquired at a cost of $ 5.96 billion. Presently, the value of the company’s bitcoin holdings has swelled to $ 9.88 billion. This marks a 66% increase in the firm’s bitcoin portfolio, a stark contrast to its performance just eight months …
According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $ 10 billion from $ 31.5 billion to the latest $ 22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto transaction volumes in …
Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $ 1.3 billion. Genesis Global Permitted to Liquidate $ 1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at …
Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $ 1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%, respectively. The Dual-Edged Sword of Stablecoin Growth …
Disney, one of the biggest entertainment companies, has decided to acquire a $ 1.5 billion stake in Epic Games, makers of the known persistent metaverse platform Fortnite. The companies will collaborate to develop a metaverse featuring Disney-owned intellectual properties (IPs) which will benefit from interaction and coexistence with Fortnite. The Disney Metaverse Is Coming …
Since the conclusion of the spot bitcoin exchange-traded fund (ETF) trading sessions on Feb. 9, 2024, the nine freshly launched ETFs have amassed 6,009.49 bitcoin, valued at approximately $ 288 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC), which evolved into a publicly-traded exchange-traded product, has sold off about 2,252.2 bitcoin, amounting to roughly $ …