Category: crypto

Bit Digital now holds 153,546 ETH, valued at $590.5 million as of October 31. Around 86% of the ETH is staked, generating yield as the company transitions from Bitcoin mining to Ethereum-native finance. CEO Sam Tabar believes in Ethereum’s utility and its role in the future of finance.

JPMorgan Chase increased its spot Bitcoin ETF holdings by 64% to $343 million. The bank added 2,067,134 shares of iShares Bitcoin Trust ETF, bringing its total to 5,284,190 shares. JPMorgan believes Bitcoin could reach $170,000 in the next 6 to 12 months. Bitcoin ETFs saw a net inflow of $240 million on November 6, breaking…

Tempo is investing $25 million in Commonware to boost its blockchain architecture. Commonware offers modular primitives for custom stack building without starting from scratch. The partnership will enhance payment system performance by integrating Commonware’s open-source components. This collaboration aims to improve payment experiences and drive innovation in blockchain development.

MEXC exchange has introduced Smart Candles, an AI-powered tool analyzing price charts for traders. This move follows a trend of platforms using AI to aid in market analysis. Other exchanges like Bitget, Binance, and Bybit have also implemented AI-driven tools for trading and analysis, showcasing a growing interest in AI technology in the crypto industry.

Balancer has identified a rounding bug in its “upscale” function as the cause of the recent hack that drained over $116 million from its platform. Recovery efforts are ongoing, with StakeWise recovering $19 million of osETH for affected users. Security measures have been implemented to freeze vulnerable pools and trace stolen funds.

Tron founder Justin Sun has staked $154.5 million worth of Ethereum on Lido, withdrawing 45,000 ETH from AAVE. This move has led to a shift in his wallet structure, with most of his holdings now in staked ETH, TRX, and other tokens. The decision is seen as a bullish signal for ETH.

Coinbase Europe was fined €21.5 million by the Central Bank of Ireland for anti-money laundering failures. The exchange failed to properly review over 30 million transactions worth €176 billion, taking nearly three years to complete retrospective checks. Regulators cited faults in the exchange’s monitoring system for the lapse.

Investors betting on Donald Trump’s assets have lost billions of dollars as WLFI, Trump Coin, and DJT stocks have plunged this year. Top Trump-associated assets in the crypto and stock markets have crashed, with losses in the billions. Despite this, the Trump family has made over $1 billion in crypto investments.

Franklin Templeton is launching a tokenized USD short-term money market fund in Hong Kong, giving professional investors access to U.S. government debt. The firm plans to expand access to retail investors in the future. The fund is launched in collaboration with HSBC and OSL, leaders in digital assets in Hong Kong.

Former TRON lead Hunter Rogers has joined Bitcoin-native yield platform TeraHash to drive Bitcoin adoption in decentralized finance. TeraHash offers hashrate-backed BTC yield, aiming to make over $20 billion in annual mining revenue accessible to DeFi users. Rogers will lead the platform’s growth phase and ecosystem partnerships to establish it as the institutional standard for…