Category: crypto

BlackRock, the world’s largest asset manager, is reportedly supporting the creation of a US Strategic Bitcoin Reserve. The idea is gaining momentum as states and the Trump administration move to institutionalize the digital asset. Proponents believe that Bitcoin could serve as a hedge against inflation and diversify reserves, while critics warn about its volatility, environmental…

Options trading for the iShares Bitcoin Trust ETF (IBIT) began on Nov. 19 at Nasdaq, with over $446 million traded in the first hours. The volume is considered high for a first day, with nearly all contracts being calls. More options trading for Bitcoin ETFs is expected to be listed soon.

Grayscale Investments has updated proposals for Bitcoin and Ethereum Covered Call ETFs, aiming to generate income through options contracts linked to their ETPs. These ETFs will not directly hold Bitcoin or Ethereum but will use exchange-traded instruments and derivatives. Grayscale has a history of pushing boundaries in crypto ETFs and is also transitioning its Digital…

Russia has approved a draft bill that introduces taxes on cryptocurrency transactions and mining activities. Cryptocurrencies will be classified as property for tax purposes, with income from mining and trading subject to taxation. However, crypto transactions will be exempt from value-added tax. The government aims to regulate the crypto industry and balance state and business…

Polymarket, a leading prediction market platform, saw significant user engagement around the US presidential election, major sporting events, and crypto milestones. Despite a drop-off in user activity after the election, overall volume and activity remained on an upward trend. The platform attracted a broad audience base beyond financial and political predictions, tapping into mainstream entertainment…

The US District Court ruled that decentralized autonomous organizations (DAOs) can face legal liability under general partnership laws. The case involving Lido DAO established that DAOs and their identifiable members can be held accountable for legal actions. This decision has raised concerns in the blockchain community and may impact other DAOs.

TRON DAO announced the winners of HackaTRON Season 7, a global hackathon showcasing talent within the TRON ecosystem. Google Cloud was a Diamond Sponsor. Winners in various categories received prizes in TRX or TRON network Energy. TRON DAO is preparing for Season 8. TRON network has achieved significant milestones and partnerships.

Marathon Digital plans to increase its debt offering to $1 billion with zero-interest senior notes maturing in 2030. The notes can be converted into cash or shares of MARA stock. Proceeds will go towards acquiring more Bitcoin and repurchasing convertible notes. Marathon currently holds 27,562 BTC valued at $2.5 billion.

Jason Lowery, a major in the U.S. Space Force, has applied to serve as a military advisor on the National Security Council and the White House Office of Science & Technology Policy. He aims to advise on Proof-of-Work (PoW) technology’s role in national defense and cybersecurity, advocating for a strategic Bitcoin stockpile and the U.S.…

Bitwise CEO Hunter Horsley announced that options trading on the firm’s Bitcoin ETF product BITB will begin on Nov. 20. This move is expected to increase investor options for managing Bitcoin exposure and enhance market liquidity. However, concerns exist regarding position limits imposed on Bitcoin ETFs. The regulatory landscape has progressed significantly, with the CFTC…