Market

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

Cboe files a 19b-4 request with the SEC to approve Ethereum ETF options trading

February 7, 2025 2 mins read

Cboe files a 19b-4 request with the SEC to approve Ethereum ETF options trading Cboe has submitted a filing to the SEC to get approval for trading options on spot Ethereum ETFs. This includes popular funds like Bitwise and Grayscale’s Ethereum ETFs. The goal is to speed up the regulatory process for these options. The proposal states that Ethereum ETF options will follow the same rules as other fund share

The US CFTC to review prediction market rules

February 7, 2025 2 mins read

The US Commodity Futures Trading Commission (CFTC) is holding a public roundtable to discuss the regulation of prediction markets. This could affect platforms like Kalshi and Polymarket. The CFTC has recently sought public input on event contracts, indicating a change in its regulatory approach. Acting CFTC Chair Caroline D. Pham criticized the previous regulatory framework, calling it a “legal sinkhole” that hindered innovation in prediction markets. The roundtable will explore

Czech President signs a bill exempting crypto users from paying taxes

February 7, 2025 1 min read

Czech President Petr Pavel recently signed a new bill that benefits crypto users. This law states that if individuals hold their crypto assets for more than three years, they will not have to pay taxes on any profits made from selling them. Additionally, transactions involving amounts up to CZK 100,000 (around $4,136) each year will not need to be reported in tax declarations. This approach aligns with how securities are