Metaplanet Expands Bitcoin Holdings with $6.9 Million Purchase
TL;DR Metaplanet has acquired an additional 107.91 BTC, bringing the total to over 500 bitcoins. The purchase was financed with a $6.8 million loan from MMXX Ventures. The…
Cryptocurrencies
Bitcoin ETFs See Strong Inflows as Investor Confidence Grows
TL;DR Bitcoin spot ETFs in the U.S. recorded a net inflow of $365.57 million on September 26. BlackRock and Ark Invest led the flows…
Hacks in Crypto Industry Are Declining, But Threats Persist
TL;DR Losses from hacks and scams in the crypto industry were $413 million in the third quarter of 2024, representing a 40% decrease. The…
U.S. Bitcoin Holdings Surge as BlackRock Leads ETF Inflows
TL;DR The United States is regaining its lead in Bitcoin holdings, driven by demand for ETFs. BlackRock has recorded the largest monthly inflow into…
PayPal’s PYUSD Stablecoin Drops 30% as Solana DeFi Incentives Decline
TL;DR PayPal’s PYUSD stablecoin has seen its market cap drop by 30% over the past month. The drop is due to declining incentives in…
Bitcoin Behaves Like a ‘Risk-off’ Asset Rather Than a ‘Risk-on’ Asset
TL;DR Robbie Mitchnick, BlackRock’s head of digital assets, believes that Bitcoin should not be classified as a risk asset, despite its recent correlation with…
Binance Aids in Uncovering $47.6 Million Gaming Scam in India
TL;DR Binance helped India track down a $47.6 million gaming scam and arrest four people. Victims were lured into online gambling but then lost…
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
TL;DR Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of FTX.…
Bitcoin as Collateral: Loan Proposal by Michael Saylor
TL;DR Michael Saylor, Chairman of MicroStrategy, proposed that government-backed banks in the U.S. offer dollar loans with Bitcoin as collateral. MicroStrategy, holding 252,220 BTC…
Ethereum ETFs Face Record Outflows Since July
TL;DR US Ethereum ETFs saw a daily net outflow of $79.21 million. Total cumulative net outflows since launch amount to $686.68 million. Bitcoin ETFs…
Upbit Moves User Data to AWS Servers in the U.S.: What This Means for Privacy
TL;DR Upbit will migrate user data storage to Amazon Web Services (AWS) servers in the United States starting October 1, 2024. The measure seeks…