According to the latest data from Spot On Chain, the Tether Treasury minted an additional $1 billion USDT on the Ethereum network just three hours ago. This development is notable because it coincides with growing anticipation of a potential interest rate cut by the Federal Reserve during their upcoming meeting ... Read more
Bhutan has accumulated over 13,000 Bitcoin worth nearly $780.5 million via mining. Arkham, a blockchain intelligence platform, is the first to publicly label and identify these addresses associated with the Bhutanese government. The disclosure showcases the country’s forward-looking approach to leveraging blockchain technology and decentralized finance as part of its ... Read more
The United Kingdom has introduced a groundbreaking bill that could redefine the legal status of crypto assets, including Bitcoin, non-fungible tokens (NFTs), and carbon credits. The Property (Digital Assets etc) Bill, presented in Parliament, proposes classifying these digital holdings as “personal property” under British law. This would mark the first ... Read more
Australian crypto investors are showing cautious optimism as they await clearer regulatory guidelines, according to Jason Titman, CEO of Swyftx, a local crypto exchange. Titman anticipates that up to 6 million Australians could enter the crypto market once regulatory clarity is achieved. This prediction is part of Swyftx’s latest survey, ... Read more
The influence of exchange-traded funds (ETFs) on the cryptocurrency market is experiencing a significant shift with the contrasting behavior of Bitcoin and Ethereum ETFs. A recent Glassnode report highlights that Bitcoin’s ETF impact is far greater than Ethereum’s, which is indicative of a demand disparity that BTC’s strong position in ... Read more
In the latest evaluation of Bitcoin ETFs, Jim Bianco, the CEO of Bianco Research, gave a rather gloomy analysis of their place in the global cryptocurrency adoption spectrum. Nevertheless, the fact that Bianco has pointed out that the initial enthusiasm is the turning point of success shows the potential of ... Read more
According to a new survey by the Consumer Finance Institute (CFI), crypto ownership rates have remained the same even though the market has grown after the end of the 2022 crypto winter. While Bitcoin and the rest of the digital assets have gained significant value, it does not seem to ... Read more
According to a recent analysis by IntoTheBlock, Bitcoin’s market behavior can be divided into two categories: short-term holders and long-term investors. The analytical platform revealed different dynamics in the Bitcoin network activity, fees, investors’ behavior, and historical trends that can affect future cycles. Decline in Bitcoin Network Fees According to ... Read more
River, a leading Bitcoin technology firm, projects a significant shift in corporate finance over the next 18 months. It predicts that roughly 10% of U.S. companies will invest about 1.5% of their cash reserves, equivalent to $10.35 billion, into Bitcoin. This trend underscores a broader movement as companies seek to ... Read more
Despite recent downturns, Bitcoin investors remain profitable, although Short-Term Holders (STHs) face significant losses. Recent analysis highlights this divide, showing that while long-term holders continue to fare well, those who entered the market more recently are struggling. Recent data from Glassnode reveals a stagnation in Bitcoin’s price and a marked ... Read more
