🔍 Market Summary

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Crypto Industry Asks Congress to Scrap IRS's DeFi Broker Rule

Crypto Industry Asks Congress to Scrap IRS's DeFi Broker Rule

Nearly every big name in the crypto industry has signed onto a letter calling for Congress to eliminate a U.S. tax policy they say could jeopardize decentralized finance (DeFi) technology by shoehorning much of that space into the field of brokers subject to data collecting and reporting.The Interna…

Elon Musk’s X eyeing capital raise at $44B valuation: Report

Elon Musk’s X eyeing capital raise at $44B valuation: Report

Elon Musk’s X social media platform is reportedly in talks with investors to raise additional capital at a valuation of $44 billion — the same amount Musk acquired the company for in 2022 before rebranding it to X and taking it private.According to Bloomberg, the capital raise would represent a “rem…

Binance Faces $81.5 Billion Lawsuit in Nigeria amid Currency and Tax Disputes

Binance Faces $81.5 Billion Lawsuit in Nigeria amid Currency and Tax Disputes

Nigeria has filed a lawsuit against Binance, seeking $79.5 billion in damages for economic losses and $2 billion in back taxes. The case was revealed in court documents today (Wednesday), the Guardian reported.Authorities blame Binance for worsening the country's currency problems. They detained two…

Bitcoin price 'carnage' comes as gold hits new all-time high

Bitcoin price 'carnage' comes as gold hits new all-time high

Bitcoin disappointed traders after the Feb. 19 Wall Street open as sellers quickly quashed early gains.BTC price action teases “early-stage bullish divergence”Data from Cointelegraph Markets Pro and TradingView showed rejecting from daily highs of $96,677 on Bitstamp.Unable to shake its low-timefr…

Redeye: CoinShares - Well positioned versus US peers

Redeye: CoinShares - Well positioned versus US peers

Redeye states CoinShares Q4 2024 report exceeded Redeye Research estimates (RRe) across all segments, propelled by soaring cryptocurrency prices during Q4 2024. Although Redeye expects normalization in 2025 and beyond, it raises its asset management estimates and upgrades its fair value range. With …

Ethereum (ETH) Gas Fees Hit Record Lows – A Warning Sign or a Bullish Opportunity?

Ethereum (ETH) Gas Fees Hit Record Lows – A Warning Sign or a Bullish Opportunity?

Ethereum transaction fees have dropped significantly. The average transfer cost currently sits at $0.41, compared to the $15.21 peak seen over the last two years.This could be an opportunity for investors.Lower Ethereum FeesAccording to Santiment’s latest analysis, lower fees generally indicate that…

Is Ethereum Quietly Building Momentum for a Rally? Analysts Weigh In

Is Ethereum Quietly Building Momentum for a Rally? Analysts Weigh In

Ethereum’s recent price performance indicates a departure from the negative trends that are seen in the broader cryptocurrency market.While assets such as Bitcoin have faced downward pressure, Ethereum managed a slight positive move yesterday, pushing its market value back above $2,700. Amid this pr…

Crypto custodian BitGo launches OTC trading amid rumored late 2025 IPO

Crypto custodian BitGo launches OTC trading amid rumored late 2025 IPO

Crypto custody services firm BitGo has launched a global over-the-counter (OTC) trading desk for digital assets after it was reported to be gearing up for an initial public offering slated for later this year.The OTC desk has dozens of liquidity sources, including exchanges, and also offers spot and…

Polygon Q4 Digest: Agglayer Testnet Launch Drives 30% Spike In POL Market Cap

Polygon Q4 Digest: Agglayer Testnet Launch Drives 30% Spike In POL Market Cap

In the fourth quarter of 2024, Polygon (formerly MATIC) experienced a significant mixed performance in key metrics, primarily driven by the testnet launch of its interoperability protocol, Agglayer. This new initiative aims to facilitate cross-chain token transfers and message-passing, enhancing the…

New WatchGuard Threat Lab Report Finds 300% Increase in Endpoint Malware as Threat Actors Target Legitimate Web Services and Documents

New WatchGuard Threat Lab Report Finds 300% Increase in Endpoint Malware as Threat Actors Target Legitimate Web Services and Documents

SEATTLE, Feb. 19, 2025 (GLOBE NEWSWIRE) — WatchGuard® Technologies, a global leader in unified cybersecurity, today released the findings of its latest Internet Security Report, a quarterly analysis detailing the top malware, network, and endpoint security threats observed by the WatchGuard Threat…

BitGo Expands Support for Institutions: Launches Crypto OTC Trading Desk

BitGo Expands Support for Institutions: Launches Crypto OTC Trading Desk

BitGo, known for offering crypto custody solutions, has expanded its services by announcing yesterday (Tuesday) the launch of an over-the-counter (OTC) trading desk, specifically targeting institutions to trade cryptocurrencies.The Stealth Platform Comes to LightInterestingly, the platform revealed …

Utah’s bitcoin reserve bill advances to Senate standing committee

Utah’s bitcoin reserve bill advances to Senate standing committee

Utah has moved a step closer to potentially allowing the state treasurer to invest public funds in bitcoin, as its “Blockchain and Digital Innovation Amendments” bill progressed to a Senate standing committee on Tuesday.The “H.B. 230” bill passed the House in an 8-1 vote last month and was moved to …