The United States spot Bitcoin exchange-traded fund (ETF) market experienced a decline in daily trading volume, with only $779.87 million recorded on Monday. This drop in trading volume marks the third lowest level, following the records set on February 5th and 6th. According to SOFA.org’s Head of Insights, Augustine Fan, the low trading volume is
Crypto
Tokyo’s Metaplanet investment firm recently announced that it has purchased an additional 57.273 BTC, worth approximately 500 million yen or $3.4 million. This move comes amidst a current market lull, with the firm aiming to position itself for long-term growth. The strategic acquisition is part of a larger plan that was revealed on August 8,
In a recent turn of events, the meme coin sector has witnessed a significant surge, pushing its market capitalization above the $40 billion mark. This rally was led by various cat-themed meme coins, such as Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW). These assets have seen impressive gains, with POPCAT
The Democratic National Committee recently released its 2024 Party Platform, outlining their priorities for the upcoming election. Surprisingly, the platform did not mention anything about Bitcoin, cryptocurrency, or blockchain. Instead, it focused on issues like affordable housing and climate change. One of the key points was the proposal to tax investment income at the same
Hut 8 Corp. recently announced its financial results for the second quarter of 2024, revealing a net loss of $71.9 million despite a significant increase in revenue. The company reported a 72% year-over-year revenue growth to $35.2 million, driven by its expansion in both energy and Bitcoin mining operations. However, the company also reported a
TeraWulf’s second-quarter earnings report showed a decrease in the amount of BTC mined compared to the same period last year. The company mined 699 BTC across its facilities, which is a 21% decrease from the previous year. This decrease could be a cause for concern as it indicates a decline in production efficiency or operational
Norway, a country with a population of nearly 5.5 million, is making significant investments in Bitcoin. The government’s investments for its citizens total around $1.7 trillion, with a portion of that allocated to Bitcoin stocks. Recently, the government increased its holdings in Bitcoin, with Norway now indirectly owning 2,446 BTC through its investments in crypto
Blockchain investigator ZachXBT has recently brought to light a case involving North Korean developers who managed to steal $1.3 million from a project’s treasury. These developers, using fake identities, inserted malicious code into the system, enabling them to make unauthorized transfers of funds. The stolen money, amounting to 50.2 ETH, was sent to a theft
In a groundbreaking decision, a United Arab Emirates court has recently acknowledged cryptocurrencies as a valid form of salary payment in an employment context. This ruling marks a significant shift in perspective on the use of digital assets in employment contracts. The case in question involved a dispute over wrongful termination and unpaid wages, where
Upon examining Sahil Arora’s involvement in the crypto industry, it is evident that there is a significant difference in reported earnings. While blockchain investigator ZachXBT indicates that Arora made approximately $3 million this year, Bubblemaps initially estimated his earnings to be as high as $30 million. This stark contrast raises questions about the accuracy of