The selloff of Coinbase and Robinhood shares by Cathie Wood’s asset investment firm Ark Invest keeps going, with no imminent signs of a slowdown in the selling spree. Ark Invest funds again pared holdings in Coinbase (COIN) and Robinhood (HOOD) shares worth millions despite the sky-high positive sentiment because of bull market and approaching Bitcoin […]
Terraform Labs Contests SEC Victory in Fraud Case
On April 5, a jury in Manhattan gave a civil verdict for Terraform Labs and its co-founder Do Kwon to defraud clients. The allegations were brought up by the US Securities and Exchange Commission (SEC). The taking of this move is quite significant in the context of cryptocurrency scrutiny. Terraform Labs and Do Kwon faced […]
Coinbase L2 Base Outshines Arbitrum In Transaction Count
Coinbase Layer-2 scaling solution Base has outperformed the likes of Arbitrum and Ethereum in terms of the volume of daily transactions. Base Transaction Spike According to L2Beat data, Base’s 30-day transaction count is at 45.21 million, Arbitrum One at 38.58 million, and Ethereum at 37.93 million. Noteworthy, Arbitrum Nova has the highest 30-day transaction count […]
dYdX Community Ratifies $60M Treasury Stake For Security Boost
The community of decentralized exchange dYdX has agreed to stake 20 million dYdX Chain tokens with Cosmos staking provider Stride as a security measure. Trading Surge Necessitates New Staking Move dYdX founder Antonio Juliano confirmed the news of the decision on X. Notably, the volume of tokens approved for the staking exercise is valued at […]
China’s Fund Submits Spot Bitcoin ETF Application in Hong Kong, Hints at Q2 Launch
A growing number of hedge fund companies are strategically utilizing their Hong Kong subsidiaries to navigate the complexities of the cryptocurrency market, particularly in the development of Bitcoin exchange-traded funds (ETFs). Recent reports from the Securities Times shed light on this trend, revealing that institutions like the Hong Kong subsidiaries of Harvest Fund and Southern […]
Just-In: Velo and Solana Partner Towards Laos Digital Gold Project
The Velo and Solana Foundation has announced a partnership on a clearing house for Laos Digital Gold transactions. In an April 8 announcement, Velo disclosed a memorandum of understanding (MOU) to establish the clearing house for the project. This would be in collaboration with its partner Lightnet and the e Solana Foundation. Velo will serve […]
Bitcoin ETF: How Likely Is US SEC To Give Early Approval?
Voices are coming out from several quarters that the U.S. Securities and Exchange Commission (SEC) stands a chance to notify spot Bitcoin ETF applicants on the approval as early as Friday, January 5, 2024. While the expected timeline of approval and permitted date for launching the ETF trading may be uncertain currently, the general consensus […]
Over 50% of Consumers See Bitcoin As an Important Asset Class: Deutsche Bank
Crypto adoption continues to grow globally with more consumers and traditional finance investors leaning toward Bitcoin. A new Deutsche Bank survey shows users becoming less skeptical of Bitcoin (BTC) and other crypto assets. This comes amid growing reports of increased crypto adoption and awareness in many jurisdictions. Deutsche Bank surveyed 3,600 consumers with over 50% […]
Bitcoin ETF: Here’s What is on Applicant’s To-Do List on Friday
As the cryptocurrency market continues to evolve, the spotlight is on the eagerly anticipated Spot Bitcoin (BTC) Exchange-Traded Fund (ETF). Friday marks a crucial day for the applicants vying to launch the first-ever Bitcoin ETF. Latest Spot Bitcoin ETF Update Per a post from Fox Business journalist, Eleanor Terrett, Bitcoin ETF applicants and the Securities […]
Ethena (ENA) Price Jumps 20% to Become $2 Billion Asset, Next Target $2?
ENA, the native cryptocurrency of the Ethereum-based synthetic dollar protocol Ethena, has rallied another 20% in the last 24 hours shooting all the way to $1.40. With the current Ethena(ENA) price rally, the altcoin has managed to quickly become a $2 billion asset class in a week’s time. Also, ENA’s daily trading volume has surged […]