Bitcoin hits new all-time high above $122K

1 min read

Bitcoin recently hit a new high of $122,500 on Monday morning, after rising past $119,000 and $120,000 on Sunday night. Currently, Bitcoin is priced at about $122,235. This shows a 30% rise since the start of the year and is more than twice its value from last year. Bitcoin’s price has risen sharply this week, thanks to several factors, including positive trends on the blockchain, increased interest from major investors,

Terra Nexus Enters into an MoU with a Chinese Government-Owned Enterprise “Sinohydro”

3 mins read

Terra Nexus Project Management Service CO.L.L.C S.O.C (Representative: Hidetoshi Tashiro) based in Dubai, UAE, has entered into a memorandum of understanding (MoU) with Sinohydro Bureau 6 Co., Ltd. (hereinafter “Sinohydro”), a Chinese government-owned infrastructure company, regarding a mining partnership for mining resources in the West African region and tokenization of the resources. This agreement will bring Terra Nexus’ real-world tokens (RWA), named “WFCA” (World Friendship Cash Asset), into the full-fledged implementation phase beyond the drawing

KuCoin Futures Ranks 4th Globally on CoinGlass’ Latest Derivatives Exchange List

2 mins read

KuCoin, a leading global cryptocurrency trading platform, is proud to announce that KuCoin Futures has officially been listed on CoinGlass, the trusted crypto derivatives analytics platform, and now ranks 4th globally among all derivatives exchanges. As institutional and retail interest in crypto derivatives continues to rise, CoinGlass plays a vital role in providing real-time data that shapes user perception and decision-making. The platform’s comprehensive ranking system incorporates multiple market indicators,

Senator Lummis introduces legislation to modernize crypto tax rules

1 min read

Senator Cynthia Lummis is pushing for major tax changes related to digital assets with new laws that could raise about $600 million from 2025 to 2034. The proposed bill aims to make tax rules easier for crypto holders by not taxing transactions under $300 for capital gains. This exemption covers both the transaction value and the total gain, with a yearly limit of $5,000 and adjustments for inflation beginning in

The SEC approves Grayscale’s conversion of its large-cap crypto fund into a spot ETF

1 min read

The US Securities and Exchange Commission (SEC) has given the green light for Grayscale’s Digital Large Cap Fund (GDLC) to be listed and traded as a spot exchange-traded fund (ETF) on NYSE Arca. The announcement on July 1 came after Grayscale’s updated S-3 filing, showing that the company is still in talks with the SEC. Nate Geraci, the President of ETF Store, expected this approval and indicated a hopeful view

Robinhood to launch tokenized U.S. stocks and ETFs

1 min read

Robinhood is making important progress in Europe by offering tokenized U.S. stocks and ETFs, as well as new crypto futures and staking services. The company has introduced more than 200 tokenized stocks and ETFs for investors in the European Union, using the Arbitrum Layer 2 blockchain for these transactions. In the future, Robinhood plans to move these assets to its own Ethereum-based Layer 2 blockchain, which is made for trading

Federal Reserve Chair Jerome Powell says Bitcoin is maturing

1 min read

At a recent Senate Banking Committee meeting, Federal Reserve Chair Jerome Powell discussed how cryptocurrency is changing. He said that Bitcoin and other crypto have become more popular and are now accepted by more people. Senator Cynthia Lummis asked about how stablecoin risks have changed since the Federal Reserve’s 2023 policy under Section 9(13), which prompted his comments. This part allows the Federal Reserve Board to oversee state-chartered member banks.

President Trump’s media company files to launch a Bitcoin and Ethereum ETF

1 min read

Trump Media & Technology Group, run by President Donald Trump, has submitted a request to the U.S. Securities and Exchange Commission (SEC) to start a Bitcoin and Ethereum exchange-traded fund (ETF). This proposed ETF is called the Truth Social Bitcoin and Ethereum ETF. It plans to invest 75% in Bitcoin and 25% in Ethereum. This way, investors can access both cryptocurrencies with one product. Crypto.com is the only custodian for

Metaplanet purchases 1,112 Bitcoin

1 min read

Metaplanet has been in the news for investing a lot in Bitcoin. They bought 10,000 BTC, starting with 1,112 Bitcoins at an average price of $105,435 each. The company is now the 9th-largest holder of Bitcoin, having more Bitcoin than Coinbase Global, which has 9,267 BTC. CEO Simon Gerovich shared this news on his official X account. He noted that Metaplanet has invested about $947 million in Bitcoin, which averages

MEXC Launches Golden Era Showdown Mid-Year Trading Event with a 10 Million USDT Prize Pool

2 mins read

 MEXC, a leading global cryptocurrency exchange, today announced the launch of its most ambitious mid-year trading event, the Golden Era Showdown. The three-week event offers participants the opportunity to win from a prize pool worth up to 10 million USDT, including real gold bars and Bitcoin rewards. Golden Era Showdown: Multiple Ways to Win Big The Golden Era Showdown features a dynamic prize pool structure where increased participation directly benefits all traders.

Plasma Announces the XPL Public Sale, Powered by Echo’s Sonar

3 mins read

Plasma will be the first to conduct a public sale using Echo’s new token sale infrastructure Sonar  Today, Plasma, the blockchain purpose-built for stablecoins, backed by Bitfinex and Founders Fund, announced it will conduct the first public sale using Echo’s new token sale infrastructure: Sonar.  Echo, founded by Cobie, is the market leader in private investment infrastructure for early-stage projects. Echo is now launching its new public sale infrastructure product, Sonar,

Bitcoin reaches $110,500 amid Japan’s debt concerns and an increase in gold prices

2 mins read

Bitcoin has recently reached a new high of $110,545 on Binance, surpassing its previous January peak of $109,588, and is on track to potentially hit $111,000. This surge in Bitcoin’s price is occurring alongside a rise in gold prices, which increased by 0.6% to $3,312 per ounce, reflecting growing concerns over global fiscal stability. The backdrop for this rally includes significant developments in Japan, where long-term bond yields have surged