Bitcoin and SPX share a high correlation index as the U.S. stock approaches a new all-time high a day before the Fed cuts interest rates. Source: https://cointelegraph.com/news/why-stocks-bitcoin-price-back-50k-october?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Liquid Staking Absorbs 400,000 ETH, Closing in on 14M Mark
According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $1 billion worth of ether during […] Source: https://news.bitcoin.com/liquid-staking-absorbs-400000-eth-closing-in-on-14m-mark/
All Eyes on the Fed: What Rate Cuts Could Mean for Bitcoin
Wednesday is poised to be a huge day for the markets. America’s central bank is expected to finally slash interest rates from their 23-year high after hiking them up in 2022, and the resulting impact could have wide implications across all major markets. Under Chair Jerome Powell, the Federal Reserve raised borrowing costs in a bid to control inflation, which…
Bhutan Has Even More Bitcoin Than El Salvador Thanks to Its Mining Operation
The Kingdom of Bhutan now has the fourth-largest government holdings of BitcoinBitcoin, with a stash of over 13,000 BTC—valued at $750 million, says blockchain analytics firm Arkham Intelligence. The Bitcoin stash, managed by the country’s state investment arm, Druk Holding & Investments (DHI), places the Himalayan kingdom ahead of even El Salvador, which holds 5,876 BTC worth $331 million, per…
Ripple Co-Founder Chris Larsen Leads $10 Million Round for DeFi Protocol Yellow Network
Yellow Network, a decentralized clearing network for digital assets, has closed a $10 million seed round led by Ripple co-founder Chris Larsen. The company said it’ll use the fund to help the company address key challenges in decentralized finance (DeFi) trading, including liquidity fragmentation, scalability, and counterparty risks. Other notable investors include leading Ethereum developer Consensys, trading firm GSR, and…
Memebet Token GambleFi Presale Enjoys Successful First Week, Could it Give 500x Gains Like Rollbit?
A new meme coin is catching investors’ attention this week. Memebet (MEMEBET) is putting a crypto twist on online gambling, aiming to combine the popularity of meme coins with the buzz of digital casinos. And with nearly $250,000 raised in the presale’s first week, one popular analyst believes Memebet could be set to explode later […] Source: https://news.bitcoin.com/memebet-token-gamblefi-presale-enjoys-successful-first-week-could-it-give-500x-gains-like-rollbit/
Ripple co-founder leads $10M raise for decentralized clearing
Chris Larsen’s $10 million investment in Yellow Network aims to tackle liquidity fragmentation, scalability, and capital efficiency in crypto markets. Source: https://cointelegraph.com/news/chris-larsen-10m-seed-funding-yellow-network?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MoviePass Continues Crypto Pivot With Sui Team-Up, USDC Integration
The Sui Foundation unveiled a partnership with MoviePass on Tuesday, with a team-up that will eventually let users of the layer-1 network pay for subscriptions to the cinema service using stablecoins. Meanwhile, the Sui Foundation, which is responsible for managing and developing the blockchain launched last year, said it was taking an “equity stake” in MoviePass. The partnership was announced…
Trump’s World Liberty Financial Crypto Venture Reveals WLFI Token Structure
Former U.S. President Donald Trump has led the launch of World Liberty Financial, a new cryptocurrency venture, raising concerns about potential conflicts of interest. The project, featuring the WLFI token, allocates 20% to the founding team, including the Trump family, and 63% for public sale. Despite heavy promotion, its purpose remains unclear. A leaked draft […] Source: https://news.bitcoin.com/trumps-world-liberty-financial-crypto-venture-reveals-wlfi-token-structure/
Binance denies blame in $230M WazirX hack, urges user repayments
Binance urged the WazirX team to take accountability for the hack, and compensate users for the loss of funds. Source: https://cointelegraph.com/news/binance-denies-blame-wazrix-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound