Metaplanet, a Japanese investment firm, recently secured a substantial loan from MMXX Ventures to bolster its Bitcoin holdings. This decision came after the company’s announcement to raise $70 million for Bitcoin investments. Prior to embracing Bitcoin, Metaplanet faced financial difficulties, being referred to as a “zombie” company by CEO Simon Gerovich. Bitcoin Investments Metaplanet’s loan
Crypto
In a recent Fox Business report, it was revealed that a new advocacy group, “Crypto for Harris,” has been established to counter Donald Trump’s appeal within the cryptocurrency industry. The group is set to hold a virtual town hall meeting to bolster the Harris campaign and drive fundraising efforts. Notable figures such as Mark Cuban,
XRP has recently demonstrated an impressive performance, decoupling from the broader crypto market to outperform all top assets in terms of daily gains. Despite the market’s struggles, XRP saw a significant price increase of nearly 20% in just one day, reaching $0.64 before slightly retracing to $0.61. This bullish trend has resulted in XRP posting
Brazil’s Securities and Exchange Commission (CVM) recently approved the country’s first Solana-based exchange-traded fund (ETF), positioning Brazil ahead of other countries in the crypto investment landscape. The approval, granted on August 7, is a significant milestone for Brazil, especially considering the United States’ slower progress in approving Solana ETFs. The newly approved Solana ETF, created
In a recent ruling, United States District Judge Peter Castel finalized a $12.7 billion settlement, requiring FTX and Alameda Research to compensate the former’s creditors. This decision comes after a 20-month lawsuit initiated by the United States Commodity Futures Trading Commission (CFTC). The ruling mandates that FTX Trading and Alameda jointly pay $8.7 billion in
Shiba Inu, a popular meme-based cryptocurrency, has experienced significant price fluctuations in the past. The crypto analyst Armando Pantoja predicted a price surge for Shiba Inu to $0.001, which may seem like an attractive investment opportunity. However, one of Shiba Inu’s competitors is expected to outperform it with a 100x gain. This raises questions about
The recent security breach at Nexera, a prominent DeFi protocol, has sent shockwaves throughout the cryptocurrency community. The breach resulted in the theft of $1.5 million worth of NXRA tokens, causing the protocol’s native token to plummet by over 40%. The exploit was first reported by Cyvers, a blockchain security firm, on August 7th, raising
Bitcoin whales have been making significant moves in the cryptocurrency market over the past month, with over 404,448 BTC being transferred to permanent holder addresses. This substantial accumulation, valued at approximately $22.8 billion, has caught the attention of industry experts. CryptoQuant founder and CEO Ki Young Ju expressed his belief that there is something significant
The meme coin Shiba Inu experienced a notable surge of 20% on August 6, leading the way for the overall meme coin niche. This surge comes on the heels of a market capitalization rise above $40 billion, showcasing significant gains not only for Shiba Inu but also for other meme coins such as Dogecoin, Pepe,
Bitcoin exchange-traded funds (ETFs) in the United States experienced a significant increase in daily trading volume on August 5, surpassing $5 billion. This surge in volume, the first since mid-April, was largely driven by BlackRock’s IBIT ETF, which accounted for nearly $3 billion in trades. Fidelity’s FBTC and Grayscale’s GBTC also saw high trading volumes,
