Category: crypto

CME Group reported record-breaking crypto trading volumes in Q4 2024, with an average daily volume of $10 billion in crypto futures and options. The momentum has continued into 2025, with January setting a new monthly record. CME plans to introduce options on micro Bitcoin futures. The surge in crypto derivatives trading reflects growing market confidence.

Franklin Templeton announced the launch of its tokenized money fund, FOBXX, on Solana. The fund invests in US government securities and offers a 4.55% APY. FOBXX has a market cap of nearly $594 million and 544 holders. The tokenized money fund sector grew by 415% in 2024, reaching a market cap of $3.6 billion.

Robinhood reported a 400% surge in crypto trading volume in the fourth quarter, reaching $70 billion. Total transaction-based revenue doubled year-over-year to $672 million, with crypto trading revenue skyrocketing 700% to $358 million. The company’s total fourth-quarter revenue was $1.01 billion. CEO Vlad Tenev advocated for clearer regulatory guidelines in the US for crypto adoption…

Retail investor demand for Bitcoin has rebounded following a low in January. The increase in small transactions indicates that retail investors are once again showing interest in the cryptocurrency after a two-month decline.

SBC Medical Group Holdings plans to purchase 1 billion yen ($6.7 million) worth of Bitcoin as part of a long-term strategy for asset diversification and inflation hedging. The Japan-based medical services provider believes Bitcoin is a store of value with long-term potential. The purchase will be executed through Coinbase.

Federal Reserve chairman Jerome Powell stated that the central bank does not want to prevent banks from serving legal customers in the crypto space as long as they understand the risks. Powell emphasized the need for banks to be cautious in offering crypto services, citing recent collapses of crypto-friendly banks as examples. Powell also expressed…

Bitwise CIO Matt Hougan believes there is a significant opportunity in the crypto market due to a disconnect between retail and institutional sentiments. Retail investors are skeptical while institutional capital continues to flow in. Altcoins are underperforming compared to Bitcoin, but Hougan remains bullish on the long-term potential of the market.

Bitcoin legislation is advancing in almost 30 US states, with proposals directing funds into Bitcoin reserves. If enacted, these bills could drive up to $23 billion in buying, reflecting a varied approach to sourcing public money. Some states are considering allocating a percentage of their funding sources to Bitcoin as a hedge or alternative store…

Former Binance executive Tigran Gambaryan criticized Nigerian authorities for scapegoating the exchange for economic challenges. He accused National Security Advisor Nuhu Ribadu of prioritizing pressuring Binance over investigating government corruption. Gambaryan’s release followed US pressure and bribery allegations, which Nigerian officials denied. He reported the bribery attempt to authorities.

Sora Ventures and its affiliates took control of Bitcoin-focused HK Asia Holdings through new board appointments. The board now consists of twelve directors, including individuals from Sora Ventures, Bitcoin Magazine owner BTC Inc., and UTXO Management. This move signifies a shift from passive investment to direct operational management in the Hong Kong-based company.