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Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD
2.6.2024
This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers...
$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period
1.6.2024
In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued...
Crypto Re-Staking Platform Attracts $18.8 Billion
1.6.2024
The rising trend of “re-staking” has driven significant cryptocurrency investments into platforms that reward users for locking up their tokens. Leading this movement is Seattle-based startup Eigenlayer, which secured $100 million in funding from Andreessen Horowitz’s crypto...
Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum
31.5.2024
This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58 billion in tethers, while Ethereum accounts for...
$2.18 Billion Digital Assets in Kind Returned to Earn Users, Gemini Says
30.5.2024
Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a settlement with Genesis and other creditors...
Gemini returns $2.18B to Earn users following 18-month withdrawal freeze
29.5.2024
Gemini has announced a $2.18 billion distribution to its Earn program users 18 months after it suspended withdrawals
BlackRock’s Bitcoin ETF Surpasses Grayscale’s GBTC to Become the Largest Spot Bitcoin Product
29.5.2024
BlackRock's iShares Bitcoin Trust has taken the lead as the world's largest fund for Bitcoin, accumulating nearly $20 billion in total assets.
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Bullish Bitcoin options dominate May’s $6.5 billion expiry
28.5.2024
Bitcoin bulls have strong incentives to push the BTC price above $70,000 on May 31, but the clock is ticking
$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst
28.5.2024
Miners' profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block
Bitcoin Price Prediction as Mt. Gox Wallet Transfers $2.93 Billion in BTC – Will BTC Stay Above $68K?
28.5.2024
Mt. Gox’s transfer of $2.93 billion in BTC triggered a 2% drop in Bitcoin’s price, raising investor concerns.
The post Bitcoin Price Prediction as Mt. Gox Wallet Transfers $2.93 Billion in BTC – Will BTC Stay Above $68K? appeared first on Cryptonews
Elon Musk’s xAI Secures $6 Billion To Compete With ChatGPT
27.5.2024
On May 26, Elon Musk's AI business, xAI, completed a successful $6 billion Series B fundraising round. Saudi billionaire Prince Alwaleed Bin Talal, Sequoia Capital, Andreessen Horowitz, and Vy Capital were among the participants in the most recent Series B investment.
The post Elon Musk’s...
Football Star Cristiano Ronaldo Seemingly Ignores $1 Billion Lawsuit After Urging Fans to Sign Up Latest NFT Drop
27.5.2024
The Portuguese footballer Cristiano Ronaldo has informed his 111 million followers on the social media platform X to prepare for the unveiling of his latest collection of non-fungible tokens (NFTs) on Binance. In a post dated May 24, Ronaldo encouraged his followers who are eager to relive the...
Elon Musk's xAI secures $6B in bid to rival ChatGPT by end of year
27.5.2024
Despite an eight-year headstart, xAI’s Grok could become a chatGPT competitor by the end of 2024, according to Musk
Ethereum Layer 2 TVL Sets a New All-Time High at $47 Billion
27.5.2024
The TVL of Ethereum Layer 2s have reached a historical record of $47 billion, with key contributors including Arbitrum One, OP Mainnet, Base, and Blast.
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UK Court Jails Woman for Laundering 150 Bitcoin Tied to $5.6 Billion Fraud
25.5.2024
The Southwark Crown Court in London, UK, sentenced a woman to jail for money laundering bitcoin tied to a billion-dollar investment fraud.
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Bitcoin and Ether options worth $2.7 billion set to expire
24.5.2024
The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit
Public Bitcoin miners secured $2B in financing ahead of halving
21.5.2024
Miners’ equity funding activity is expected to be lower in the second quarter of 2024, with less than $500 million invested as of mid-May
New York Attorney General Secures $2B Settlement From Failed Crypto Lender Genesis for Victims
21.5.2024
New York Attorney General announced it has secured $2 billion from the bankrupt cryptocurrency firm Genesis Global to help pay back defrauded victims.
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NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis
21.5.2024
New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000...
Crypto Startup Funding Hits $2.4 Billion in Q1
20.5.2024
Crypto startup funding rose to $2.4 billion in the first quarter of 2024, driven by expectations of lower interest rates and the launch of the first U.S. bitcoin spot exchange-traded funds (ETFs), according to Pitchbook data. This funding, spread across 518 deals, marked a 40.3% increase from...