Category: crypto

In an op-ed by Daniil Shcherbakov, he discusses the state of the Web3 gaming industry in 2024, highlighting the failures and challenges faced by projects. Despite setbacks, there are signs of progress with innovative games and major publishers embracing blockchain technology. Players are demanding quality gameplay and utility from blockchain assets, setting the rules for…

Tether reported $7.8 billion in Bitcoin holdings in Q4, boosting profits to over $13 billion in 2024. BDO confirmed $5 billion in unrealized profits from gold and Bitcoin. Tether’s exposure to US Treasuries reached $113 billion. Total assets were $157.6 billion with $143.7 billion in reserves for Tether tokens. CEO plans to launch new products.

Kraken’s revenue doubled in 2024 to $1.5 billion, with $42.8 billion in customer assets and an EBITDA of $380 million. The exchange saw $665 billion in trading volume and over 2.5 million funded accounts. Kraken restored staking services in the US and may potentially go public in 2025.

Pump.fun, a Solana-based token launch platform, is facing a federal class action lawsuit for allegedly promoting unregistered securities, violating US securities laws. The lawsuit was filed by a user, Diego Aguilar, against the company and its founders. Pump.fun is accused of operating a pump-and-dump scheme, extracting nearly $500 million in fees. The platform is also…

New FASB rules allow Bitcoin holdings to boost corporate earnings. However, unrealized gains from BTC could result in unexpected tax liabilities under CAMT regulations, creating financial difficulties for companies.

The XRP Ledger has implemented the AMMClawback amendment, allowing issuers to reclaim tokens deposited in the Automated Market Maker system. This update enhances regulatory compliance and asset control, making XRPL more attractive to institutional investors. The amendment also benefits Ripple’s stablecoin RLUSD, increasing its liquidity and trading flexibility on the decentralized exchange.

Bitwise CIO Matt Hougan questions Bitcoin’s historical four-year cycle, suggesting it may extend into 2026 due to recent policy shifts. Economic factors, not halving events, are primary cycle drivers. A legal victory against the SEC in 2023 catalyzed the current cycle, with ETFs and institutional investments driving price increases. Hougan predicts Bitcoin could reach $200,000…

Grayscale Investments launched the Grayscale Dogecoin Trust on Jan. 30, providing institutional investors with exposure to Dogecoin in a traditional security format. The trust, which tracks the CoinDesk Dogecoin Reference Rate, aims to capitalize on Dogecoin’s popularity and accessibility. Grayscale’s move reflects growing interest in meme coins among institutional players.

A report from CEX.IO revealed that stablecoin transfers reached $27.6 trillion in 2024, surpassing Visa and Mastercard. USDC was the top stablecoin for on-chain transactions, with Solana becoming the most active blockchain. Bots played a significant role in stablecoin transactions, with automated systems accounting for 70% of total volume. The trend of stablecoins dominating global…

Bitcoin and Ethereum ETFs in the US saw inflows of $655 million on Jan. 30, following SEC approval of a Bitwise fund. Bitcoin ETFs had $588.22 million in net inflows, while Ethereum ETFs generated $67.77 million. The SEC approved Bitwise’s Bitcoin and Ethereum ETF in just 45 days, signaling a potential shift in their stance…