ETH is in the news as the recent on‐chain data from Lookonchain shows that the notorious Bitrue hacker has started purchasing ETH at the dipped price of $2769. The Bitrue hacker is buying $ETH! On Mar 10, 2024, the hacker sold the stolen 4,207 $ETH for 16.34M $DAI at $3,885. Now, he is using the … Read more
Tencent, a Chinese technology and holding company with a global footprint, is reportedly exploring the possibility of acquiring game developer and publisher Nexon. Representatives from the tech company contacted the family of Nexon founder Kim Jung-ju to explore a potential deal, but no concrete terms have been reached and a deal is not guaranteed, according … Read more
Whale Netflows surged 1,265% in a week, with large holders quietly accumulating Sonic near multi-month support. A breakout above $0.42 could flip the structure bullish, but for now, smart money is accumulating in silence. Sonic [S] slipped 6.43% to $0.369, at press time, but whales didn’t flinch. Why? Well, smart money traders have generated over … Read more
Shopify has integrated the stablecoin USDC into its Shopify Payments system through partnerships with Coinbase and Stripe. USDC Stablecoin Live on Shopify Payments for Global Sales The integration, now in early access, allows merchants globally to accept USDC payments from customers using the Base blockchain network. Customers can pay with USDC supported wallets during checkout, … Read more
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits … Read more
Today, Galaxy Digital CEO Mike Novogratz told CNBC that Bitcoin is on a path to replace gold and could eventually reach a value of $1,000,000. “Bitcoin has become a macro asset,” said Novogratz. “And some of the great things is most people have it on their screens next to gold and silver and the S&P. … Read more
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) expanded by about $1 billion between March 26 and June 11, representing roughly half of the $2 billion growth of the tokenized US treasuries market in the period. According to rwa.xyz data, BUIDL’s size is $2.89 billion as of June 11. It is the largest tokenized money fund, … Read more
Key takeaways: SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest. Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum. Solana’s SOL (SOL) failed to hold its bullish momentum after gaining 10% between Monday and Thursday. The cryptocurrency has shown weakness after testing the $180 … Read more
Key Points: The Brazilian Chamber of Deputies is reviewing a bill to create a Bitcoin Sovereign Strategic Reserve. The plan involves using up to 5% of Brazil’s international reserves for Bitcoin purchases. This initiative aims to diversify assets, mitigate exchange rate and geopolitical risks, and support blockchain developments. The Brazilian Chamber of Deputies is reviewing … Read more
Coinbase announced the launch of its first credit card, the Coinbase One Card, on the American Express network during its State of Crypto conference. US Coinbase One Members Get First Dibs on the Bitcoin Rewards Card The card will offer up to 4% bitcoin ( BTC) back on purchases. Coinbase and fintech company Cardless are … Read more