Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month. This is according to the company’s production update […] Source: https://news.bitcoin.com/bit-digitals-crypto-holdings-increase-to-742-btc-and-27624-eth/
Category: News
Compound adds Ethena, Mantle tokens to lending platform
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi. Source: https://cointelegraph.com/news/compound-adds-ethena-mantle-lending-platform?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Rena Labs Secures $3.3M Funding to Pioneer Trustless On-Chain AI Solutions
PRESS RELEASE. January 9th, 2025 –– Rena Labs, the startup aiming to enable the next generation of autonomous and verifiable AI solutions, has announced the successful closure of a $3.3 million pre-seed funding round led by Paper Ventures. The company attracted investment from a number of high-profile venture capital firms, among them Lightspeed Faction, Eterna […] Source: https://news.bitcoin.com/rena-labs-secures-3-3m-funding-to-pioneer-trustless-on-chain-ai-solutions/
Massive Crypto ETF Exodus: $742M Vanishes Overnight
Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million. Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing $159.34 million in […] Source: https://news.bitcoin.com/massive-crypto-etf-exodus-742m-vanishes-overnight/
0G Foundation raises $30M selling AI nodes
Node operators will receive up to 15% of the 0G token’s supply over the next 3 years. Source: https://cointelegraph.com/news/0g-foundation-raises-30-million-selling-ai-nodes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Circle contributes $1M USDC to Trump's Inauguration Committee
Overcollateralized stablecoin issuers like Tether and Circle are collectively the world’s 18th-largest buyers of US government debt. Source: https://cointelegraph.com/news/circle-contributes-1-million-usdc-trump-inauguration-committee?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Circle contributes $1M USDC to Trump's Inauguration Committee
Overcollateralized stablecoin issuers like Tether and Circle are collectively the world’s 18th-largest buyers of US government debt. Source: https://cointelegraph.com/news/circle-contributes-1-million-usdc-trump-inauguration-committee?utm_source=rss_feed&utm_medium=rss%3F_%3D1736441284690&utm_campaign=rss_partner_inbound
Bitcoin Meets AGI: Could AI’s Evolution Lead to Bitcoin Becoming Its Default Currency?
Earlier this week, a Reddit post sparked a thoughtful discussion about artificial intelligence (AI) potentially adopting bitcoin in the era of artificial general intelligence (AGI). The conversation revolved around the idea that, as AI matches or surpasses human-level intelligence across a wide array of tasks, it might naturally turn to bitcoin as the leading cryptocurrency. […] Source: https://news.bitcoin.com/bitcoin-meets-agi-could-ais-evolution-lead-to-bitcoin-becoming-its-default-currency/
F1 Fans Can Design Pierre Gasly’s Australian Grand Prix Helmet Through Binance
The winning design will win an exclusive virtual meet-and-greet with Pierre, a signed helmet, and unforgettable race day experience at their local GP DUBAI, UAE, Jan. 8, 2025 /CNW/ — Binance, the world’s largest cryptocurrency exchange, has teamed up with BWT Alpine Formula One driver, Pierre Gasly, to give fans the chance to design his helmet for the season-opening Australian…
Hacks and scams stole $3B from crypto activities in 2024 — PeckShield
According to the security firm, hacks accounted for more than 70% of crypto losses due to illicit activities in 2024, compared to 30% for scams. Source: https://cointelegraph.com/news/hackers-crypto-activities-2024-peckshield?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound