Market News

Ark Invest and 21Shares’ ARKB received $81.07 million

September 21, 2024 1 min read

Spot bitcoin exchange-traded funds in the US had a net inflow of $158.21 million before Thursday’s outflow of $52 million. Ark Invest and 21Shares’ ARKB received the most inflows, with $81.07 million. Fidelity’s FBTC recorded net inflows of $49.88 million, while Bitwise’s BITB had positive flows of $10.36 million. Grayscale’s Bitcoin Mini Trust received $9.54 million in inflows and Franklin Templeton’s EZBC received $7.35 million. U.S. Bitcoin funds have had

Solana Mobile unveils its new model, Seeker

September 20, 2024 1 min read

Solana Mobile has unveiled its second-generation Web3 phone, Seeker, which has garnered 140,000 preorders. The device, once referred to as Saga Chapter Two, is set for delivery in 2025 and will incorporate various new functionalities. Co-Founder Anatoly Yakovenko elucidates that the company intends to enhance the accessibility and affordability of Seeker, with its hardware and software intricately linked for web3. Notable features comprise a Seed Vault Wallet integrally built into

BlackRock’s Bitcoin ETF saw minimal inflows in September

September 20, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) encountered tepid inflows in September, although there was an increase in Bitcoin’s price. The trust secured only $6.76 million, reflecting a prudent stance among investors. Despite an almost 5% increase in Bitcoin’s value, Bitcoin ETFs faced substantial withdrawals, totaling $155.3 million across the industry. On September 16, BlackRock’s IBIT experienced a transient inflow of $15.82 million, countered by a prior outflow of $9.06 million, culminating

Revolut is advancing plans to launch its own stablecoin

September 19, 2024 2 mins read

Revolut, a prominent fintech firm headquartered in London, is allegedly developing its own stablecoin. The company, having just acquired a U.K. banking license, intends to broaden its crypto services and position itself as a secure and compliant center for the crypto community. Revolut is prioritizing a compliance-centric strategy to attain this objective. Stablecoins, cryptocurrencies linked to conventional assets such as fiat currencies, have proven exceedingly lucrative owing to their investment

Donald Trump launches a new crypto venture, World Liberty Financial

September 19, 2024 1 min read

Donald Trump has initiated his own crypto venture, World Liberty Financial, during a two-hour transmission on X. This action signifies a notable change for Trump, who had held a disparaging view of crypto and referred to them as a “scam.” Trump underscored the necessity for the United States to have a leadership role in the cryptocurrency sector, cautioning that nations such as China might gain supremacy if America falls behind.

MicroStrategy to raise $700 million to buy more Bitcoin

September 17, 2024 1 min read

MicroStrategy Incorporated intends to privately issue $700 million in convertible senior notes maturing in 2028, contingent upon market conditions. The business anticipates granting an option to acquire an additional $105 million in notes to first purchasers within 13 days of the notes’ issuance. The funds will be allocated to redeem its $500 million senior secured notes maturing in 2028 and may also be utilized to acquire further Bitcoin. The unsecured

Circle faces backlash for delaying action in freezing $5 million linked to North Korea’s Lazarus Group

September 16, 2024 1 min read

Stablecoin issuer Circle has faced criticism for freezing approximately $5 million associated with North Korea’s Lazarus Group. The hacker organization is accountable for several prominent Bitcoin breaches and the postponement of freezing these assets has elicited significant criticism. On September 14, blockchain investigator ZachXBT disclosed that stablecoin issuers, including Tether, Circle, Paxos, and Techteryx, blacklisted two wallets associated with the Lazarus Group, which had around $4.96 million in assets. Nonetheless,

KuCoin launches a $200,000 staking reward campaign for CATI holders

September 15, 2024 1 min read

KuCoin has created a new reward opportunity for users via the Catizen Telegram Bot, totaling $200,000 KCS. Users can bet CATI tokens to generate KCS, allowing them to increase their holdings while remaining active in the Catizen ecosystem. The staking campaign is open to any CATI holders looking to increase their KCS holdings. To participate, users must open the Catizen Telegram Bot, find the Airdrop icon, go to the staking

FTX co-founder and former CEO Sam Bankman-Fried appeals his fraud conviction

September 14, 2024 1 min read

FTX co-founder and former CEO Sam Bankman-Fried has filed an appeal to overturn his fraud conviction, claiming that he did not get a fair trial and should be tried again before a new judge. Bankman-Fried’s attorneys believe that FTX was never insolvent and had billions of dollars to reimburse clients despite the liquidity crisis that killed the platform. They argue that FTX’s legal consultants took over when market conditions rattled

Uniswap CEO Hayden Adams refutes claims of charging $20 million for protocol deployments

September 13, 2024 2 mins read

Uniswap CEO Hayden Adams has denied allegations that the decentralized platform charges bribes for protocol deployments, which emerged after a cofounder of Millicent Labs claimed that Uniswap demanded $20 million for deploying protocols. Adams refuted these claims, emphasizing that governance voting is the sole method for determining protocol deployment on Uniswap, not payments. The allegations first came to light when a user on X (formerly Twitter) named Alexander claimed Uniswap

CEX.IO Restarts UK business and claims to have met FCA compliance requirements

September 12, 2024 1 min read

CEX.IO, a centralized crypto exchange, has recommenced operations in the UK following a 10-month suspension due to compliance with Financial Conduct Authority (FCA) laws and a partnership with Nexo. The provisional suspension in October 2023 was a reaction to new FCA directives intended to bolster consumer safety within the cryptocurrency industry. CEX.IO currently provides access to 190 digital assets for its UK clientele, with more than 68% of its customer

The FCA confirms there are no legal crypto ATMs in the UK and is cracking down on illegal machines

September 11, 2024 2 mins read

The Financial Conduct Authority (FCA) has indicted a London resident, Olumide Osunkoya, for operating unlicensed cryptocurrency ATMs, representing the inaugural case of its nature in the UK. The 45-year-old is charged with managing many illicit crypto ATMs that enabled individuals to purchase and exchange funds for digital currencies without appropriate FCA authorization. From December 2021 to September 2023, these machines facilitated £2.6 million in transactions, all executed in violation of