Category: crypto

Bitcoin has been trading in a tight range between $91,000 and $102,000 for 81 days, with little directional momentum and only a 4.3% peak-to-trough movement. Altcoins have struggled amid uncertainty, with meme coins like PEPE losing 46.4% over the past month. Bitcoin’s stability suggests capital flows away from altcoins, reinforcing its dominance. The global altcoin…

Argentina’s stock market plummeted after President Milei endorsed the LIBRA memecoin, which quickly collapsed. Allegations of insider trading and fraud emerged, with the project losing billions in investor funds. Notable figures including Dave Portnoy were involved in the scandal. Legal and political repercussions followed, with fraud charges filed against Milei and others.

An account named “Hu Lezhi” executed a series of Ethereum transactions including donations to WikiLeaks, token burns, and payments to grant providers, totaling over 1,000 ETH. The messages accompanying the transactions allege misuse of brain-machine interface technologies. The sender also expressed distress and a desire to leave the world. The transactions aim to support whistleblowing…

HK Asia Holdings made its first Bitcoin purchase for $96,150, signaling a strategic move towards integrating digital assets into its financial strategy. The purchase caused the company’s stock price to surge 92.98%. The company recently underwent a leadership overhaul and aims to explore bitcoin investments, Web3 opportunities, and financial innovation under new ownership.

Institutional investors held 25.4% of Bitcoin ETF assets, totaling $26.8 billion by the end of 2024. The percentage of Bitcoin ETF assets held by institutions grew 113% in the fourth quarter. Interest in BlackRock’s IBIT also increased significantly. Mubadala Investment Company and State of Wisconsin Investment Board reported substantial Bitcoin exposure through IBIT.

Standard Chartered’s Hong Kong arm, Animoca Brands, and HKT are collaborating to launch a Hong Kong dollar-backed stablecoin pending regulatory approval from the HKMA. The joint venture aims to provide a secure digital currency for institutions and individuals, leveraging SCBHK’s experience with stablecoin issuers and Animoca Brands’ industry networking. HKT will enhance the utility of…

Bitcoin adoption and price trajectory are predicted to rise by Bitwise CEO Hunter Horsley due to sustained outflows from spot Bitcoin ETFs, institutional flows, and increased corporate acquisitions. The contrast between Bitcoin and memecoins highlights differing market approaches, with Bitcoin’s established infrastructure and institutional support positioning it as a critical asset. Regulatory clarity and market…

CryptoSlate Alpha is a membership program that requires purchasing an NFT using SOL, the Solana token. Users must connect their Solana wallet to complete the purchase. By purchasing the membership, users agree to be bound by the terms and conditions of their digital wallet provider and the Access Foundation. CryptoSlate is not responsible for the…

Metaplanet, a Japan-based Bitcoin investment firm, acquired 269 BTC for $26 million, increasing its total holdings to 2,031 BTC worth $195 million. The company plans to hold 10,000 BTC by the end of the year and 21,000 BTC by the end of 2026. CEO Simon Gerovich reported a BTC yield of 15.3% since the start…

A phishing attack is targeting FTX creditors just before the bankrupt exchange’s payout process. Scammers are sending emails posing as FTX to steal sensitive information. Creditors are advised to verify sender addresses, check the official claims portal, and rely on FTX’s official channels for information. Repayments for small creditors are set to begin on Feb.…