The crypto market is on fire, with Bitcoin and Ethereum leading the charge. This isn’t just about price increases; tons of money is pouring into Bitcoin and Ethereum spot ETFs (Exchange-Traded Funds). Big Money Flowing into Bitcoin ETFs Bitcoin’s popularity isn’t slowing down. Spot Bitcoin ETFs saw another huge day of inflows – a whopping…
Coinbase, a major US cryptocurrency exchange, just listed the Solana-based memecoin platform, Pump.fun (PUMP), giving the token a significant boost. PUMP Takes Off on Coinbase The announcement means users can now buy, sell, and trade PUMP directly through the Coinbase website and mobile apps. Coinbase has labeled PUMP as “experimental,” a common designation for newer…
Merrill Lynch is facing a hefty $3.7 million bill after a financial arbitration ruling. Two clients, Qun He and Haihui Zhang, successfully sued the firm, claiming Merrill Lynch violated securities laws and acted negligently in its investment recommendations. Unsuitable Investments and Losses The clients alleged that a Merrill Lynch broker steered them into illiquid private…
A mysterious Bitcoin whale, inactive for 14 years, is back in the news, making another massive Bitcoin transfer. The Whale Awakens Again Earlier this month, two Bitcoin wallets, each holding 10,000 BTC, were emptied within minutes of each other. These wallets hadn’t seen activity since April 2011, when Bitcoin was worth just $0.78. Last week,…
Institutional investors are piling into crypto, with last week seeing the second-highest inflow ever recorded. CoinShares reports a massive $3.7 billion poured into digital asset investment products. Billions Flowing In This incredible surge marks the 13th consecutive week of inflows, totaling $21.8 billion over that period. Year-to-date, inflows have reached a staggering $22.7 billion, pushing…
Corporations are snapping up Ethereum (ETH) like crazy, and it’s causing a stir in the crypto world. Insane Demand for ETH The demand for ETH is through the roof. Ten companies alone have bought over 550,000 ETH (around $1.65 billion!) in just the last month. And it’s not slowing down – new companies are joining…
Bitcoin and other cryptocurrencies took a slight hit after the latest US inflation numbers came out. Let’s break down what happened. Inflation’s Back US consumer prices rose for the second month in a row, fueling uncertainty about when the Federal Reserve might lower interest rates. The June numbers showed a year-over-year increase of 2.7%, the…
Bitcoin’s real power isn’t flashy features; it’s its rock-solid security. That’s the take from Ripple’s CTO, David Schwartz. Bitcoin’s Unbreakable Backbone Schwartz argues that Bitcoin’s main strength is its incredibly secure settlement layer. Its proof-of-work system, running for over a decade, is practically unbreakable. This resilience attracts developers and institutions who value certainty above all…
Standard Chartered, a major global bank, has made a big move into the crypto world. They’ve become the first major bank to offer direct Bitcoin and Ethereum trading to its institutional clients. This is a huge step for crypto adoption by traditional finance. A Giant Leap for Crypto The bank announced the launch of its…
MultiBank Group, a major player in the financial derivatives market, announced a wildly successful pre-sale for its MBG token. Seven million tokens, priced at $0.35 each, sold out in under an hour via MultiBank.io and Uniswap. High Demand Leads to a Second Pre-Sale The incredible demand prompted MultiBank Group to announce a second and final…
