Where Money, Investing, and Technology Meet
Key Takeaways The Michigan retirement fund tripled its ARK Bitcoin ETF holdings to 300,000 shares in Q2. This move shows a significant increase in the fund’s exposure to digital assets like Bitcoin. Share this article The State of Michigan Retirement System, one of the largest public pension funds in the U.S., tripled its stake in […]
Key Takeaways A hacker stole 127,426 Bitcoin from Chinese mining pool LuBian in December 2020, now valued at over $14.5 billion. Lubian abruptly stopped operations without an explanation two months after the hack. Share this article A massive theft of 127,426 Bitcoin (BTC) from the secretive Chinese mining pool LuBian in 2020, which was uncovered […]
Bitcoin’s on-chain activity lit up again as Blockstream CEO Adam Back alerted the Bitcoin community to the return of the so-called “Bitfinex whale.” According to Back, this unknown but powerful entity has been accumulating Bitcoin at a staggering rate, purchasing roughly 300 BTC per day over the past 48 hours using time-weighted average price (TWAP) […]
Key Takeaways The SEC approved in-kind creation and redemption for Bitcoin and Ethereum ETFs, replacing the cash-only model. Analysts expect altcoin ETF approvals to follow with in-kind mechanisms from the outset. Share this article The SEC has approved in-kind creation and redemption mechanisms for spot Bitcoin and Ethereum exchange-traded products, aligning them with traditional commodity […]
A new report by Standard Chartered identifies publicly traded Ethereum (ETH) treasury companies as a distinct and rapidly evolving asset class, separate from exchange-traded funds (ETFs) and traditional crypto investment vehicles. According to the report, these firms are not holding ETH for speculative purposes. Instead, they are positioning their balance sheets around staking yields, DeFi […]
Key Takeaways Mill City is raising $450 million in a private placement to acquire SUI as its primary treasury reserve asset. Key investors include Karatage Opportunities, Sui Foundation, Galaxy Digital, and Pantera Capital. Share this article Mill City Ventures III, a US finance firm serving high-net-worth individuals and small-cap companies, said Monday it has secured […]
Key Takeaways Bit Digital plans to triple its authorized share capital to 1 billion ordinary shares to fund its Ethereum growth strategy. The expanded share authorization aims to allow for substantial equity financing focused on purchasing Ethereum. Share this article Bit Digital, the digital asset miner pivoting from Bitcoin to Ethereum treasury, will hold a […]
WOO X suffered an authorized breach on July 24, resulting in the theft of roughly $14 million in crypto. The exchange said it is investigating the “contained incident” and revealed that the breach resulted in unauthorized withdrawals from nine user accounts. The exchange has paused withdrawals as a precaution. It added in its statement that it […]
Advertisement QQA, RSPA, and EFAA aim to provide consistent monthly income and growth potential. $4 trillion. That’s the size of the crypto market. It’s an astounding amount of dollars, and yet, when viewed through a certain lens, it’s really not that much. If you’re a skeptic, you’ll dismiss this as delusional nonsense. I get it. […]
Key Takeaways BNB hit a new all-time high above $800, outperforming Bitcoin and reclaiming the fifth spot in market capitalization. Institutional interest in BNB is rising, with companies and funds adding BNB to treasuries and projections targeting higher future prices. Share this article BNB, formerly known as Binance Coin, surged 5% in the past 24 […]
