Even a small 2.25% decline this weekend could trigger the liquidation of over $500 million in Ether long positions. Source: https://cointelegraph.com/news/510-million-longs-at-risk-ether-weekend-volatility
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SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud
The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms. Source: https://cointelegraph.com/news/sec-sues-bitcoin-miner-geosyn-fraud-allegations
Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana
Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets. Nubank Enhances Cryptocurrency Features: Opens […] Source: https://news.bitcoin.com/brazilian-neobank-nubank-introduces-new-crypto-wallet-features-for-bitcoin-ether-and-solana/
Solana Mobile ‘Chapter 2’ airdrops briefly exceed cost of pre-order
Airdrops from two cat-themed memecoins may have paid off the entire pre-order value of the Solana ‘Chapter 2’ mobile device. Source: https://cointelegraph.com/news/solana-mobile-chapter-2-airdrops-briefly-exceed-cost-of-pre-order
Pantera Capital seeks $1B for a new crypto fund: Report
The Pantera Fund V will invest in a range of blockchain-based assets and is slated for launch in April 2025. Source: https://cointelegraph.com/news/pantera-capital-seeks-one-billion-raise-for-new-crypto-fund
Marathon Digital Ramps up Bitcoin Mining Goals, Targets 50 EH/s Hash Rate for 2024
Marathon Digital plans to increase its 2024 hash rate target for Bitcoin mining from 35-37 EH/s to 50 EH/s, thanks to expanded capacity from recent acquisitions, aiming to more than double its mining operations without the need to raise additional capital. The company’s growth includes purchasing a 200 megawatt Bitcoin mining center and two additional […] Source: https://news.bitcoin.com/marathon-digital-ramps-up-bitcoin-mining-goals-targets-50-eh-s-hash-rate-for-2024/
‘Giant buy’ signal? Crypto whales transfer $1.3B to Coinbase
Crypto analysts believe the large transfers could have a “big impact” depending on where the capital is getting deployed. Source: https://cointelegraph.com/news/crypto-whales-transfer-exchange-coinbase-buy-signals
Solana sees ‘dramatic increase’ in institutional portfolios: CoinShares
CoinShares found a significant increase in hedge funds and wealth managers survey respondents who have allocated to Solana compared to earlier this year. Source: https://cointelegraph.com/news/solana-dramatic-increase-institutional-portfolios-coinshares
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent FBI announcement urging Americans not to use unlicensed money-transmitting services misses “a great deal of nuance” about how crypto services operate, says Piper Alderman Partner Michael Bacina. Source: https://cointelegraph.com/news/fbi-warning-crypto-money-transmitter-appears-aimed-samouri-wallet
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024. Source: https://cointelegraph.com/news/crypto-miner-marathon-increase-hash-rate-target-by-end-2024