The collapse of yet another memecoin endorsed by a high-profile individual has raised questions as to how long the crypto market will put up with such chaos.Last month, it was the rise and fall of Official Trump, a memecoin associated with the US Pre
Founder Binance CEO Changpeng Zhao took to social media on Monday to dispel any rumors the exchange is for sale."Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale," Zhao said in a post on X. The Binance founder, who re
Bitcoin ETFs continued to gain market share in the fourth quarter, while Ethereum ETFs took a significant jump among institutions, according to the latest 13F filings.Every quarter, institutional investment managers with at least $100 million in equi
The 7-day moving average of Bitcoin network transactions has declined to 330,000, hovering around 12-month lows, a significant drop from the peak of 730,000 transactions observed earlier in the network's history.This represents a roughly 55% decrease
Abu Dhabi's sovereign wealth fund purchased $436.9 million of BlackRock's spot bitcoin ETF during the final quarter of last year, according to a filing from Friday.The purchase came around the time BlackRock secured a commercial license to operate in
HTX DAO, a leading decentralized autonomous organization in the blockchain space, commemorates its first anniversary with resounding success. Throughout 2024, HTX DAO demonstrated strong market performance, refined its decentralized governance model,
Global investment bank and financial services company Barclays disclosed holdings of 2,473,064 shares in BlackRock’s U.S. spot Bitcoin exchange-traded fund IBIT, with a reported value of $131.2 million, according to a quarterly 13F filing with the Se
U.S. Securities and Exchange Commission Commisioner Hester Peirce said that many of the memecoins in the market likely do not fall under the agency’s jurisdiction during an interview with Bloomberg.“There are lots of people introducing memecoins righ
Several Solana-based exchanged-traded product filings were acknowledged Tuesday by the U.S. Securities and Exchange Commission, signaling progress on new altcoin-based financial instruments coming to market. Cboe BZX Exchange filed proposed rule chan
Goldman Sachs loaded up on the two largest spot Bitcoin exchange-traded funds in the final quarter of 2024, according to the investment banking giant’s latest 13F filed Tuesday. 13f filings are a way to get a glimpse into how the largest portfolios a
World Liberty Financial, which counts U.S. President Donald Trump as a major supporter, is forming a strategic token reserve meant to "to bolster leading projects like Bitcoin, Ethereum and other cryptocurrencies that are at the forefront of reshapin
Commodity Futures Trading Commission (CFTC) Commissioner Summer K. Mersinger said that election event contracts on platforms such as Kalshi are "here to stay" in a Tuesday webinar for The Federalist Society, a conservative legal organization. "Congre
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.I hope you had a good weekend, folks. Memecoins are seemingly back on the menu, with Barstool's Dave Portnoy and even entire countries appa
Top Democrat of the House Financial Services Committee Maxine Waters released a discussion draft on Monday to regulate stablecoins, according to a copy obtained by Punchbowl News. The discussion draft includes language around federal regulators for s
Bitcoin miner CleanSpark reported revenues of $162.3 million for the fourth quarter of 2024, up 120% year-over-year, at a marginal cost to mine of approximately $34,000 per bitcoin.The company’s net income came in at $246.8 million in Q4, or $0.85 pe
The U.S. Securities and Exchange Commission has started to solicit public comments on a proposal to list and trade the Grayscale Solana Trust, which would convert it into an exchange-traded product.On Thursday, the SEC issued a notice acknowledging a
Former Celsius CEO Alex Mashinsky's lawyers asked for his sentencing to be pushed back after the former exec pleaded guilty to criminal charges.In a court filing on Wednesday, lawyers for Mashinsky asked for his sentencing to be pushed back a month f
President of the Czech Republic Petr Pavel has signed the bill exempting bitcoin holdings of more than three years from capital gains tax — a largely symbolic act that officially makes the historic bill the law of the land, according to local news so
Sygnum’s Head of Investment Research, Katalin Tischhauser, has forecasted a potential price trajectory for bitcoin in a scenario in which each $1 billion of inflows from a potential U.S. strategic bitcoin reserve could spark a multiplier effect — sig
The Commodity Futures Trading Commission announced Wednesday that it will hold a public roundtable to examine prediction markets, where its acting chair Caroline D. Pham expressed the need for more clarity in regulating such platforms.“Unfortunately,