Tesla’s strategic use of a new crypto accounting rule has resulted in a substantial $600 million net gain from its Bitcoin holdings in Q4 2024. This gain comes as Tesla’s valuation of its Bitcoin reserves surged, allowing the electric vehicle manufacturer to reflect a true market value on its balance sheet. According to Bitcoin Treasuries, … Read more
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024.
NZD/USD rebounds to near 0.5660 in Thursday’s early Asian session. Fed left the policy rate steady on Wednesday. RBNZ’s Conway painted a dim picture of the country’s economic outlook, citing weak productivity, investment and trade. The NZD/USD pair recovers some lost ground to around 0.5660, snapping the three-day losing streak during the early Asian session … Read more
The U.S. Securities and Exchange Commission (SEC) has announced its initiative to gather public input regarding the Canary Litecoin ETF proposal, marking a crucial step in its evaluation process. This development, reported on January 30, indicates that the SEC is actively seeking comments from stakeholders within a 21-day window following the proposal’s publication in the … Read more
Elon Musk’s Department of Government Efficiency (DOGE) claims it’s slashing $1 billion daily by cutting unnecessary hires, DEI programs, and foreign payments—aiming for $3 billion in savings. DOGE’s $1B-a-Day Cuts Are Just the Start—$3B in Sight! The Department of Government Efficiency (DOGE) is reportedly saving the federal government approximately $1 billion per day, according to … Read more
Ron Branstetter, creator of the viral meme coin Unicorn Fart Dust (UFD), announced that his Phantom wallet had been hacked, leading to the loss of $6.6 million worth of UFD tokens, Solana, and other crypto assets. Branstetter shared the news during an emergency livestream, expressing heartbreak while reassuring the community of his unwavering commitment to … Read more
Investment firm D.E. Shaw has built a stake in Riot Platforms and is pushing the Bitcoin miner to change, Reuters reports.
Current U.S. regulations are blocking a major financial shift that could open up private-market investments to everyday investors through tokenization, CEO of digital brokerage Robinhood Vlad Tenev said. In a Wednesday opinion piece for the Washington Post, Tenev said that many high-growth companies like OpenAI, SpaceX and Stripe are increasingly avoiding going public, limiting investment … Read more
According to a recent report from COINOTAG News, Binance co-founder He Yi revealed that the exchange has surpassed 250 million registered users globally. This milestone underscores Binance’s significant influence in the cryptocurrency market, as it boasts a staggering total trading volume of 100 trillion US dollars across both spot and derivatives trading. He Yi emphasized … Read more
The SEC’s acknowledgment of Canary Capital’s filing for a Litecoin ETF represents a defining moment in the race for altcoin ETFs. This validation adds significant momentum for Litecoin, which has already experienced a notable price increase amidst growing investor interest. As noted by ETF analyst Eric Balchunas, the SEC’s filing sets a strict 240-day window … Read more