Bitwise chief investment officer Matthew Hougan believes that companies adding Bitcoin (BTC) to their balance sheets are no longer an anomaly but a burgeoning megatrend that could transform the crypto market this year. In a recent memo to clients, Hougan highlighted that MicroStrategy has been making the headlines with its aggressive BTC accumulation strategy. The company […]
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USD Coin (USDC) surpassed $20 trillion in cumulative transaction volume in 2024, according to a report published by Circle. In November 2024 alone, USDC recorded $1 trillion in monthly transaction volume. The report highlighted USDC’s role as a digital representation of the US dollar integrated into various blockchains. Moreover, USDC circulation grew 78% year-over-year. The […]
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Japan, South Korea, and the US warned the global crypto industry about threats posed by hacks attributed to North Korean actors in a joint statement published on Jan. 14. According to the statement, groups allegedly tied to the Democratic People’s Republic of Korea (DPRK) are targeting exchanges, crypto custodians, and individual users. It highlighted the activity […]
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Coinbase chief legal officer Paul Grewal shared documents revealing that the Federal Deposit Insurance Corporation (FDIC) urged banks to halt or avoid not only crypto-related services but also simple Bitcoin (BTC) offerings. The letters are unredacted versions of documents shared by Grewal on Dec. 6, 2024. They were dubbed “pause letters” because they repeatedly recommend […]
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Ethena Labs published its roadmap for 2025 on Jan. 3, which included the reveal of a Telegram application for payments and savings based on its sUSDe stablecoin, aiming to offer a “neobank experience.” The initiative allows users to send, spend, and save sUSDe directly within the messaging app. Additionally, users can effortlessly transition between sUSDe […]
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Jan van Eck, CEO of VanEck, has recommended that investors maintain or increase their exposure to Bitcoin (BTC) and gold in 2025 in the firm’s 2025 outlook report.  He argued that these assets are indispensable hedges against inflationary pressures, fiscal uncertainty, and global de-dollarization trends. According to van Eck, gold and Bitcoin have proven to […]
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Deutsche Bank is building a layer-2 blockchain based on Ethereum to solve the regulatory hurdles financial institutions face using public blockchains, Bloomberg News reported on Dec. 17.   The platform, dubbed Project Dama 2, represents the German banking giant’s attempt to harness blockchain technology’s potential while minimizing risks associated with public ledgers, which can often inadvertently transact […]
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Bitcoin (BTC) fell to a low of $100,300 following hawkish comments by Fed chair Jerome Powell during the Federal Open Market Committee’s (FOMC) Markets retreated lower despite the expected 25 basis point cut in the US interest rate, bringing the rate to the 4.5% to 4.75% range. Bitcoin was trading at $100,740 as of press time, […]
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Ethena Labs proposed integrating its synthetic stablecoin, sUSDe, into World Liberty Financial (WLFI) on Dec. 18. The proposal stated that this partnership would boost capital efficiency and liquidity in WLFI’s new Aave instance. The protocol is a credit market backed by President-elect Donald Trump’s family.  The partnership comes as part of Ethena’s broader mission to […]
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Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back […]
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Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion. The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit. According to Tether’s latest assurance opinion, conducted by accounting firm […]
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Crypto companies are among the most affected by audio and video deepfake frauds in 2024, with more than half reporting incidents in a recent survey. According to the survey conducted by forensic services firm Regula, 57% of crypto companies reported being victims of audio fraud, while 53% of the respondents fell for fake video scams. Those […]
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Coinbase filed two new Freedom of Information Act (FOIA) requests on Oct. 18, seeking regulatory clarity for crypto in the US. The new requests are directed at the Federal Deposit Insurance Corporation (FDIC) and were filed by History Associates Incorporated on behalf of the exchange. Coinbase chief legal officer Paul Grewal said one of the requests […]
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A federal judge has rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, Reuters reported Sept. 6. The lawsuit accuses the largest US crypto exchange of downplaying the likelihood of being sued by the US Securities and Exchange Commission (SEC). US District Judge Brian Martinotti ruled on Sept. 5 that shareholders adequately […]
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Coinbase CFO Alesia Haas revealed that Vice President Kamala Harris‘s campaign is using Coinbase Commerce to accept crypto donations, Fortune reported Sept. 4. Haas made the revelation during a conversation with Citigroup‘s director of payments, Peter Christiansen, at the lender’s 2024 Global TMT Conference in New York. According to Haas: “[Kamala] is accepting crypto donations. She’s […]
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Yield protocol Penpie got exploited for $27 million on Sept. 3 after a malicious agent explored a vulnerability in the protocol’s smart contracts. Penpie is a yield protocol on Pendle that aims to boost rewards for users on the network. Reentrancy exploited In a Sept. 4 breakdown, blockchain security firm Hacken explained that the attacker […]
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World Liberty Financial (WLFI) — a DeFi project tied to members of former President Donald Trump’s family — responded to a wave of speculation on Sept. 4 with a series of tweets clarifying its DeFi strategy and confirming its collaboration with Aave. In the posts, WLFI announced the partnership aims to develop a platform that will […]
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Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded over $5 billion in daily trading volume in the US on Aug. 5. This is the first time spot Bitcoin ETFs in the US have registered over $5 billion since mid-April. According to DefiLlama, BlackRock’s IBIT was responsible for nearly $3 billion in trading volume and managed to […]
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