MakerDAO Community Concerns Over the New Control of WBTC
TL;DR BitGo plans to transfer control of Wrapped Bitcoin (WBTC) to a joint venture with BiT Global, involving Justin Sun and the Tron ecosystem. MakerDAO...
Tag : Cryptocurrencies
Cardano (ADA) Records 2.5% Inflation, the Lowest Among Major Cryptocurrencies
TL;DR Cardano (ADA) has recorded an inflation rate of 2.5% over the past year, significantly lower than that of Avalanche (AVAX), Polkadot (DOT), and Ethereum...
Metaplanet Secures ¥1 Billion Loan to Expand Bitcoin Strategy
TL;DR Metaplanet has secured a ¥1 billion loan to increase its Bitcoin investments. The company plans to use $58 million from a stock offering to...
Tether Plans Workforce Expansion to Boost Compliance and Financial Strength
TL;DR Tether plans to double its workforce to strengthen its compliance and finance areas. The company generates significant profits with a small workforce and is...
Why MicroStrategy Didn’t Buy Bitcoin at $50K
TL;DR Michael Saylor, co-founder of MicroStrategy, explained that his company follows a quarterly Bitcoin acquisition strategy, without reacting to short-term price fluctuations. Despite Bitcoin’s recent...
Robinhood Sees 40% Revenue Growth in Q2
TL;DR Robinhood reported a 40% increase in revenue to $682 million, thanks to a resurgence of meme stocks and interest in cryptocurrencies. The company acquired...
Landmark Ruling Marks Victory for Ripple and the Future of Cryptocurrencies
TL;DR A federal judge has ruled that XRP is not a security, handing a partial victory to Ripple. Ripple’s fine was reduced to $125 million,...
Movements of Ethereum Linked to the PlusToken Ponzi Scheme Spark Sell Pressure Concerns in the Market
TL;DR Large amounts of Ethereum (ETH) linked to the PlusToken Ponzi scheme, around 2,800 ETH, have been transferred from inactive wallets to a single wallet....
Dormant Bitcoin Miner Moves $14 Million in BTC: A Sign of Growing Accumulation?
TL;DR A Bitcoin miner who has been inactive since 2010 has transferred 250 BTC, valued at approximately $13.95 million, to five new wallets. The transfer...
ETF Success: iShares Ethereum Trust Accumulates Nearly $900 Million
TL;DR BlackRock’s iShares Ethereum Trust has accumulated nearly $900 million in total flows since launch. Despite regulatory barriers, Bitcoin and Ethereum ETFs are breaking industry...