Where Money, Investing, and Technology Meet
Tether, the world’s largest stablecoin issuer, minted an additional $2 billion USDT on July 16 on the Ethereum blockchain. Tether CEO Paolo Ardoino confirmed the mint via a post on X, clarifying that the new mints were an “inventory replenish” on Ethereum. This means the funds serve as inventory for future issuance and blockchain swaps, […]
Block (XYZ -3.84%) was once a high-flying stock. In the five years leading up to their peak in August 2021, shares were up an astonishing 2,430%. Growth was fantastic, and the market was warming up to this innovative financial services business. It’s been a disappointing story since that peak. As of July 14, this fintech […]
Key Takeaways Bitcoin reached a new all-time high of $119,300 ahead of key crypto legislation debates. Upcoming bills in Congress may hugely impact crypto regulation and stablecoin issuance. Share this article Bitcoin advanced to a new record high of $119,300 on Sunday as bullish sentiment mounted ahead of a potentially game-changing week for the crypto […]
Key Takeaways Satoshi Nakamoto’s estimated 1.1 million Bitcoin holdings are currently valued at $129 billion, surpassing Michael Dell’s net worth. Satoshi could become the world’s second-wealthiest person if Bitcoin’s price growth continues at its historical rate. Share this article Satoshi Nakamoto, the elusive founder of Bitcoin, may now be richer than Dell Technologies CEO Michael […]
Ethereum (ETH) reclaimed the $2,700 threshold one day after spot exchange-traded funds (ETFs) listed in the US tracking the asset surpassed $4.5 billion in cumulative net inflows on July 8, according to Farside Investors’ data. As of press time, Ethereum is priced at $2,723.98, up by 4.1% in the past 24 hours. ETH lost the […]
Key Takeaways A trillion-dollar bank has cleared the Bitwise crypto ETF for advisor-managed accounts. The approval signals growing institutional acceptance of regulated crypto investment products. Share this article A global bank with over $1 trillion in assets under management has approved a crypto exchange-traded fund from Bitwise Asset Management for its managed accounts platform, as […]
A second-quarter survey of 18 mainstream news outlets logged 1,116 Bitcoin (BTC) stories and measured sentiment at 31% positive, 41% neutral, and 28% negative, according to Bitcoin analysis firm Perception. The data reveal a significant gap between finance-focused media that cover the market extensively and legacy publications that rarely address it. Sparse coverage Perception counted […]
Until this year, the conventional wisdom was that Bitcoin (BTC 0.12%) should account for no more than 1% of your portfolio. Maybe as high as 3% if you are very aggressive or have a very long time to go until retirement. But one top financial advisor, Ric Edelman, is now telling people that it’s time […]
Crypto investment products continued their strong momentum last week, recording $1.04 billion in inflows, according to the latest CoinShares report. This marks the 12th straight week of positive inflows, pushing the year-to-date total to $18 billion. The surge was accompanied by increased trading activity, with weekly volumes rising to $16.3 billion. As a result, the […]
Conor Grogan, Head of Product at Coinbase, believes that there is a “small possibility” that the transfer of $8.6 billion worth of Bitcoin (BTC) on July 4 was a hack. Calling his claim “extreme speculation” in an X post on Friday, Grogan said he found the transaction movements to be “extremely odd.” He added: “If […]
