Market News

China imposes new tariffs on Canadian goods

March 9, 2025 1 min read

China has announced new tariffs on Canadian imports, escalating a trade dispute between the two countries. This decision is a response to earlier tariffs that Canada placed on Chinese goods. The new tariffs will start on March 20, 2025, and will include a 100% tariff on rapeseed oil, oil cakes, and peas, along with a 25% tariff on aquatic products and pork. The trade conflict began when Canada imposed tariffs

Wirex expands into the US, enabling stablecoin payments via

March 6, 2025 1 min read

Wirex, a popular stablecoin payment app, has recently entered the US market. This allows American users to make payments using stablecoins through Visa. With a partnership with Bridge, users can pay directly from their non-custodial wallets. They can use cards and bank transfers without losing control of their assets. This expansion meets the rising demand for stablecoin payments as more people want to use digital assets in their daily lives.

Strategy’s STRK becomes the top-performing US-listed perpetual security

February 17, 2025 1 min read

Strategy’s STRK has emerged as the leading US-listed perpetual security since its launch in 2022. It made a strong debut, quickly outperforming similar securities in both price and liquidity. STRK initially surged to $100 but later stabilized around $48. Its trading volume is seven times higher than the average for comparable securities. On February 15, MicroStrategy founder Michael Saylor praised STRK’s rapid growth and high demand. He pointed out that

HyveDA raises $50 million

February 16, 2025 2 mins read

Hyve, a middleware data availability protocol, has achieved a significant milestone by securing $50 million in pre-deposits from early contributors in just two weeks. This event coincided with the launch of the Symbiotic mainnet on January 28th, which initiated the pre-deposit phase for HyveDA’s data availability solution. Within four hours, the total value locked reached $25 million, and it eventually hit the maximum deposit cap, despite a downturn in the

Abu Dhabi invests $436.9M in the iShares Bitcoin ETF

February 15, 2025 2 mins read

Abu Dhabi’s Mubadala Investment Company made a significant investment of $436.9 million in the iShares Bitcoin Trust ETF during the first quarter of 2024. This purchase involved around 8.2 million units of the ETF and was revealed through a recent SEC filing. Mubadala manages over $280 billion in assets, marking this as a notable entry into cryptocurrency for a major sovereign wealth fund. This investment reflects a growing interest in

Coinbase revenue surges by over 130% post-election rally

February 14, 2025 1 min read

Coinbase has recently made headlines as the cryptocurrency market faces a weekend slump. The exchange released its fourth-quarter reports, revealing a significant increase in revenue. This surge came amid ongoing regulatory updates. Bitcoin is currently consolidating at $96,000, trying to reach the $100,000 mark. In its fourth-quarter report, Coinbase reported a revenue of $2.27 billion, nearly double the expected $1.88 billion. This impressive performance led to a 2% rise in

Holonym foundation Acquires Gitcoin Passport

February 11, 2025 1 min read

The Holonym Foundation has acquired Gitcoin Passport to create a leading Proof of Humanity solution. This move will allow Human.tech to distribute 34.5 million zero-knowledge (ZK) credentials to Gitcoin Passport’s 2 million users. This is expected to produce over three times the identity proofs of Worldcoin. With this acquisition, Holonym Foundation aims to become a leader in Sybil detection and privacy-focused on-chain reputation. They plan to merge their Human Key

Four major U.S. economic reports this week could impact Bitcoin

February 10, 2025 2 mins read

This week, the crypto market is focused on four important U.S. economic reports that could affect Bitcoin and other digital currencies. These reports, starting on Wednesday, may influence the Federal Reserve’s decisions and overall market mood. The link between U.S. economic events and crypto markets is becoming clearer after a quiet year. The Consumer Price Index (CPI) for January will be released on Wednesday. December’s inflation report showed a slight

Hong Kong accepts Ethereum for a HKD 30M investment immigration

February 8, 2025 2 mins read

Invest Hong Kong has made a significant move by approving its first investment immigration application using Ethereum (ETH) as proof of assets, valued at HKD 30 million. This decision, confirmed by Certified Public Accountant Clement Siu, marks a pivotal moment in Hong Kong’s efforts to establish itself as a global hub for cryptocurrency. This approval follows the earlier acceptance of Spot Bitcoin and Ethereum ETFs on April 15, 2024. It

Dutch court releases the founder of Tornado Cash from prison

February 8, 2025 2 mins read

On February 7, 2025, Alexey Pertsev, the founder of Tornado Cash, was released from prison after several months. A Dutch court decided to end his pretrial detention, but he will remain under house arrest and monitored electronically. His case has drawn attention from those concerned about privacy and cryptocurrency, marking a significant moment in his legal battle. Pertsev had been detained since 2022 due to allegations of money laundering linked

Gemini reportedly considers an initial public offering (IPO)

February 7, 2025 1 min read

Gemini, a cryptocurrency exchange founded by the Winklevoss twins, is considering an initial public offering (IPO) in the United States. This news was reported by Bloomberg on February 6. The twins, Tyler and Cameron Winklevoss, are well-known figures in the crypto world. Gemini is one of the earliest cryptocurrency exchanges globally. They are currently speaking with potential advisors about the IPO process. However, the decision to go public is still

Ondo Finance announces the new layer 1 Ondo Chain

February 7, 2025 1 min read

Ondo Finance has launched Ondo Chain, a new layer 1 blockchain network aimed at institutional adoption of tokenized real-world assets (RWAs). This announcement comes as the ONDO token has seen significant growth recently, particularly after World Liberty Financial, backed by Donald Trump, purchased more ONDO tokens. Ondo Chain is designed to enhance the adoption of institutional-grade financial markets by offering on-chain solutions. The platform focuses on security and compliance, which