Tag: AMEX:ARKB
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Tether’s Division Restructure, Aptos-Microsoft DeFi Collaboration, and More Crypto News
Tether restructures to expand presence in the digital assets market Tether (COIN:USDTUSD), the developer of the world’s largest stablecoin by market value, is expanding into broader areas of digital assets. The company has created four new divisions to diversify its operations: “Tether Finance” to manage the USDT stablecoin, “Tether Power” focused on bitcoin mining investments,…
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Hong Kong Greenlights Bitcoin and Ether ETFs, Solana Rolls Out Key Upgrade, and More Crypto News
Hong Kong approves Bitcoin and Ether ETFs On Monday, Hong Kong regulators gave the green light for the launch of spot Bitcoin and Ether ETFs, asset managers announced, following the trend set by the US earlier this year. Approvals came from three fund managers, including ChinaAMC, which also plans to offer virtual asset management services,…
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Crypto: Toncoin Soars on Tuesday, Mango Markets Fraud Trial, and Latest News
Toncoin escalates in the market with innovations in the TON network and partnership with Telegram Toncoin (COIN:TONCOINUSD), the cryptocurrency of The Open Network, has advanced in the digital asset rankings, propelled by network innovations and collaboration with Telegram. TON, associated with the messaging app, announced a partnership with HumanCode for palm-reading identification. This development, coupled…
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Crypto: Morgan Stanley and UBS Compete for Leadership in Bitcoin ETFs, Risks in Ethena’s USDe Strategy, and More
Concerns and defenses around Ethena’s Bitcoin strategy for USDe Just seven weeks after its launch, Ethena’s USDe, known as the “internet bond” and “synthetic dollar,” surpassed a market capitalization of $2 billion, becoming the fifth largest stablecoin. Now occupying 1.25% of the total $160 billion stablecoin market, USDe stands out for not directly relying on…
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Crypto: Paradigm Seeks Investment for New Web3 Fund, KBW Initiates Cautious Coverage on Robinhood, and Other Updates
Paradigm seeks record funding for new Web3 fund Paradigm, a leading venture capital firm focused on Web3, is advancing to raise a new investment fund, targeting between $750 million and $850 million. This move could mark the largest fund since the crypto market turmoil in May 2022, according to Bloomberg. Paradigm’s step is seen as…
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Crypto: SBF Sentenced to 25 Years, DOGE and BCH Surge on Thursday, and More
Sam Bankman-Fried receives 25 years in high-profile trial Sam Bankman-Fried, founder of FTX, was sentenced to 25 years in prison, a verdict delivered by a court packed with spectators, marking a critical moment in the legal examination of the cryptocurrency sector. To be released at age 57, his conviction highlights the complexities and risks of…
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Crypto: Ethereum’s Dencun Update Goes Live, Quantum Blockchain’s ‘Method C’ Revolutionizes Mining, and Latest News
Ethereum launches Dencun upgrade to reduce layer 2 transaction costs Ethereum (COIN:ETHUSD) introduced the Dencun upgrade on Wednesday, which implements mechanisms to lower transaction costs on layer 2 solutions that bundle multiple transactions for the main network. This change has already shown results, with the average transaction cost on Optimism (COIN:OPUSD) dropping to about 4…
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Crypto: Tesla’s 4Q BTC Holdings, Final Ethereum Update Tests, and More
BTC price experienced a slight fluctuation following an optimistic US GDP report Bitcoin (COIN:BTCUSD) dropped by less than 1%, approaching $39,600, after the US reported a 3.3% growth in fourth-quarter GDP, surpassing expectations of 2%. While this growth was lower than the 4.9% seen in the previous quarter, it nearly matched December’s inflation rate of…
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Crypto: Avalanche Memecoin Criteria, OKB’s Rapid Decline and Recovery, and More
Bitcoin falls below $40,000 On Monday, the cryptocurrency market experienced a significant setback, with Bitcoin (COIN:BTCUSD) dropping notably below the $40,000 mark, marking its lowest value of the year. By Tuesday, Bitcoin had stabilized, trading at $39,482. Meanwhile, Ethereum (COIN:ETHUSD) continued its downward trend, priced at $2,220, a decrease of 3.93% from the previous day.…
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Crypto: BTC Dips Below $41,000, UMA Token Surges 112%, and More
Widespread fall in the cryptocurrency market: Bitcoin drops to the level of US$40,000 The cryptocurrency market faced a sharp drop, with bitcoin (COIN:BTCUSD) falling below US$41,000. At the time of writing, Bitcoin was trading down 1.6% at $40,608. Ether (COIN:ETHUSD) also followed the downward trend, declining by 1.3% to US$2,434. This devaluation affected the entire…