MicroStrategy (MSTR), the software company founded by Michael Saylor, is not the only large-scale corporate buyer of bitcoin (BTC), JPMorgan (JPM) said in a Wednesday report. Crypto miners are also adopting the accumulation strategy. The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems from the reward halving in … Read more
Societe Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank. The lender’s digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on the public Ethereum blockchain in exchange for central bank digital currency … Read more
A Polygon DAO community cohort is considering a proposal to use its more than $1 billion of idle stablecoin reserves, currently held on the Polygon PoS Chain bridge to capture yields, per a pre-proposal governance post. “The PoS Bridge currently holds around $1.3B of stablecoins, which makes it one of the largest, but also idle, … Read more
Bitcoin (BTC) is not the only one setting milestones. HyperLiquid, the leading on-chain perpetuals trading protocol operating on its custom-built layer 1 blockchain, is setting impressive records, too, with the platform seeing more activity in ether (ETH) than bitcoin. The cumulative perpetuals volume on the platform has surged past $500 billion, registering a staggering 15-fold … Read more
Donald Trump-backed World Liberty Financial just increased its holdings of Chainlink’s LINK token. The project purchased another $1 million worth of LINK late Thursday, data shows, for the second straight day, increasing its LINK stash to $2 million worth of tokens. It additionally brought $246,000 worth of Aave’s AAVE, taking total token holdings to $1.2 … Read more
Appearing set for a run to a new record high earlier on Thursday, bitcoin (BTC) fell sharply in U.S. afternoon trading as tumbling bond markets took a toll on risk assets. The positive price action came as President-elect Donald Trump said “we’re going to do something great with crypto” while ringing the opening bell at … Read more
Haliey Welch, widely recognized as “Hawk Tuah,” transformed her fleeting viral fame into a formidable media empire. With a burgeoning social media presence (230K followers on Instagram), lucrative brand partnerships, and the successful podcast Talk Tuah, Welch appeared to be transitioning from internet personality to business mogul. That was until the 22-year-old launched her memecoin, … Read more
The ranks of cryptocurrency developers held steady in 2024, as some recent entrants left the industry while veterans mostly stuck around, according to a report released Thursday by Electric Capital. The total developers working in crypto worldwide was basically flat, declining a statistically insignificant 7% from a year earlier, and the number of monthly active … Read more
Congressman French Hill will be the next chair of the powerful House Financial Services Committee, Punchbowl News reported Thursday. The Arkansas Republican was named to the role Thursday by the party’s Steering Committee, which named the leaders of the various committees ahead of the 119th Congress’s start next year. Hill will succeed North Carolina’s Patrick … Read more
Memecoins, whether people want to accept it or not, have become big business. Without delving into statistics, anyone immersed in the crypto space this year can confirm that memecoins have dominated conversations. Critics often argue that memecoins are just a rehash of Jordan Belfort’s “Wolf of Wall Street” era — a world of unregulated securities … Read more