CleanSpark Inc., the third largest public Bitcoin mining company by hashrate, has agreed to purchase up to 160,000 Bitmain S21 miners, according to a Jan. 8 announcement. The move could propel its hashrate to an impressive 50 EH/s over the coming year, marking a substantial leap from its current 10 EH/s. Bitcoin hit a record […]
The post Cleanspark invests $193 million in new miners, looks to 5x hashrate in anticipation of halving appeared first on CryptoSlate.

Quick Take The nascent year 2024 has marked a significant surge in digital asset investment products globally, amounting to inflows of $151 million in just the first week, as per the analysis by James Butterfill at Coinshares. The Grayscale vs SEC lawsuit seems to have only galvanized investors, leading to a substantial increase in inflows, […]
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VanEck is heating up the competition by seeding its potential spot Bitcoin exchange-traded fund (ETF) with a substantial $72.5 million, according to the amended S-1 form filed on Jan. 8. The move is part of a broader strategy among various asset managers who are vying for the attention of investors through competitive fee structures and […]
The post VanEck buys 1,640 BTC for $72.5M to seed ETF, holdings up over $1M before trading appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler issued a cautionary advisory regarding crypto asset investments just ahead of the highly anticipated spot Bitcoin exchange-traded fund (ETF) approval deadline. In a Jan. 8 post on social media platform X (formerly Twitter), Gensler highlighted the risks of investing in cryptocurrencies, citing regulatory non-compliance, volatility, […]
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Welcome to the CryptoSlate Alpha November Snapshot, a collection of the month’s most pivotal research, insights, and market reports. This content, central to understanding the evolving crypto landscape, is available exclusively to our subscribers who stake at least 20,000 ACS tokens in our Access Protocol pool on Solana. This edition delves into the challenges and […]
The post November’s CryptoSlate Alpha snapshot: Navigating crypto’s regulatory maze and economic uncertainties appeared first on CryptoSlate.

Kraken, facing charges from the U.S. Securities Exchange Commission (SEC), plans to fight and respond to the complaint in court, confirmed the company’s Chief Legal Officer (CLO), Marco Santori, in a conversation with CNBC on Nov. 30. Santori said: “The SEC alleges that … Kraken is a exchange clearing house and broker dealer for investment […]
The post Kraken legal chief dismisses SEC charges as ‘hollow,’ citing Ripple victory appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) met with Bitcoin ETF applicant Hashdex this week, according to a Nov. 29 memo from the agency. The discussion, which took place on Monday, Nov. 27., concerned a proposed rule change to allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. According to the SEC […]
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Quick Take November 2023 was another robust month for Bitcoin, which saw a surge of almost 7% over 30 days. The month was marked with several highlights, including setting a new year-to-date high by crossing the $38,000 mark. This was attributed to noticeable premiums on CME and Coinbase, signaling bullishness within the U.S. market. However, […]
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The U.S. Securities and Exchange Commission (SEC) began to accept comments on Fidelity’s proposed spot Ethereum ETF through a Nov. 30 filing. That filing indicates that the securities agency is now soliciting comments on a proposed rule change from Cboe BZX. If approved, that rule change will allow the exchange to list and trade Fidelity’s […]
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Microsoft is pledging a colossal $3.2 billion to enhance artificial intelligence (AI) infrastructure and training in the UK, according to a Nov. 30 press release. The investment marks the company’s most significant commitment in its 40-year history in the UK and aims to propel the nation forward in the global AI race. Microsoft intends to […]
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Today marked the launch of Robinhood‘s previously announced brokerage services in the UK. The launch represents Robinhood’s first expansion beyond the U.S. In its announcement, the company said UK customers will have access to over 6,000 U.S.-listed stocks and American Depository Receipts (ADRs) at launch. Features will include commission-free trading, high-yield interest on uninvested cash, […]
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The hacker responsible for the $48 million KyberSwap heist has escalated their demands, now seeking complete executive control over the decentralized exchange (DEX). The hacker revealed the updated demands in an on-chain message sent on Nov. 30. They had previously expressed willingness to negotiate a bounty but complained of receiving threats and a general lack […]
The post KyberSwap hacker demands full control over the DEX at ‘fair valuation’ appeared first on CryptoSlate.

Quick Take The current year has witnessed a unique trend on Binance, one of the world’s largest digital exchanges. By analyzing the netflows, a stark divergence can be observed with transactions of $1 million or more and those less than $1 million. Larger transactions are experiencing predominantly outflows, indicating that whales, or large holders of […]
The post Binance sees whale outflows and retail inflows amidst leadership shuffle appeared first on CryptoSlate.

Binance announced plans to delist Tornado Cash’s native token, TORN, on Nov. 27, closely coinciding with massive losses for the coin. The exchange announced plans to delist TORN on Nov. 27 at 6:00 PM UTC. This coincided with a sudden loss in value for the asset, which dropped from $3.90 to as low as $1.94 […]
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According to market data from YCharts on Nov. 24, the Grayscale Bitcoin Trust (GBTC) discount rate has narrowed to 8.06%. The “discount” refers to the situation where the Grayscale Bitcoin Trust (GBTC) shares are trading at a price lower than their underlying net asset value (NAV). GBTC began trading at a discount in early 2021, […]
The post Grayscale Bitcoin Trust’s discount narrows to 8% amid growing ETF optimism appeared first on CryptoSlate.

Changpeng Zhao, the former CEO of Binance, is currently barred from returning to his home in the United Arab Emirates (UAE), as per the ruling of a federal judge in Seattle. U.S. District Judge Richard Jones has temporarily suspended a decision that would have allowed Zhao to leave the U.S. before his sentencing, scheduled for […]
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Hong Kong’s financial regulators have decided to retain the grace period for crypto firms despite the city grappling with major fraud scandals involving crypto exchange platforms JPEX and Hounax in recent weeks, local media reported on Nov. 27. The grace period allows crypto firms to continue operating in Hong Kong without a license until June […]
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Terra’s failed algorithmic stablecoin USTC topped CryptoSlate’s daily biggest gainers list on Nov. 27; the token’s value shot up over 150% in the last day and was up 39.9% over 24 hours at press time. The digital asset rose to $0.07581 during the reporting period, its highest level since May 2022, when the industry was […]
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Inferno Drainer, a crypto wallet-draining kit known for its widespread involvement in cryptocurrency scams, announced on Nov. 27 that it is shutting down its operations. The kit has been responsible for phishing schemes that resulted in the theft of over $80 million in cryptocurrencies, with thousands of victims. Inferno Drainer gained notoriety after the shutdown […]
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Quick Take According to CNBC analyst Carl Quintanilla, a staggering $9.8 billion was spent on Black Friday, reflecting a 7.5% increment from the previous year, suggesting robust consumer behavior. However, a source of concern lies in a parallel trend: many of these purchases appear to be financed through personal debt. Experian reports that the average […]
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BlockFi has reached an agreement in principle with Vrai Nom Investment in its complex bankruptcy proceedings, potentially marking a pivotal moment in the crypto lending firm’s efforts to navigate its financial challenges. BlockFi has been granted an adjournment on related hearings until Dec. 19. As BlockFi emerges from the shadows of its November 2022 bankruptcy […]
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BBVA Switzerland, the Swiss subsidiary of the Spanish banking behemoth BBVA, has announced a strategic partnership with Ripple-owned Metaco to build its digital asset operations via the latter’s Harmonize platform, according to a social media announcement. BBVA’s Swiss unit is the latest in a string of prestigious banks that have entered deals with Metaco in […]
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Grayscale submitted an updated filing for its pending spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC) on Nov. 22. The filing in question is an amended S-3 prospectus, a type of registration form used by firms that have previously met other reporting requirements. Bloomberg ETF analyst James Seyffart suggested in an X […]
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The U.S. Department of the Treasury published its comments on settlements with Binance and related parties in a statement on Nov. 21. Secretary of the Treasury Janet Yellen said: “Binance turned a blind eye to its legal obligations in the pursuit of profit. Its willful failures allowed money to flow to terrorists, cybercriminals, and child […]
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Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (SEC) commented on pending spot Bitcoin ETFs to Bloomberg on Nov. 22. Peirce said that, although she cannot comment on currently active ETF proposals, she is open to approving such a product. She said: “I’ve been very transparent that I’ve thought for many years now […]
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