Where Money, Investing, and Technology Meet
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 […]
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 […]
Out of the 58 entities holding Ethereum (ETH) in their treasuries, the 10 public-listed companies have roughly $3.2 billion, equivalent to 865,265 ETH. According to Strategic ETH Reserve data, four publicly listed companies recently added 113,300 ETH to their holdings. Furthermore, the number of entities jumped from 40 in June to 58 as of July […]
Key Takeaways Coinbase has launched nano BTC and ETH perpetual futures for US traders under CFTC regulation. Kraken also entered the US perps market earlier this month through Kraken Pro. Share this article Coinbase has officially launched perpetual-style futures contracts for US traders, marking the first time American retail investors can access these derivatives in […]
Ethereum (ETH) spot exchange-traded funds (ETFs) registered the fastest “$1 billion leap” in net inflows in their history, jumping from $6 billion to $7 billion in two days, according to Farside Investors’ data. The previous record was five days, when the inflows jumped from $5 billion to $6 billion between July 10 and July 16. […]
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 […]
