PayPal’s PYUSD Stablecoin Reaches Market Cap of $290 Million.
The market cap of PYUSD jumped 70% from $170 million in the last month. With this, PayPal is now one of the top 10 stablecoin issuers. Launched in August via…
Bitcoin Dumps To $42,000 Triggering $338 Million In Liquidations.
Bitcoin’s spot ETF approvals prove to be a sell the news event amid a 10% daily drop for the crypto asset. Bitcoin plummeted 10% below $42,000 on Friday, triggering $338…
Retail Gaming Giant GameStop Pulls the Plug on NFT Marketplace.
The platform will stop functioning as of February 2, 2024.This does not affect the accessibility or trading of the NFTs that are minted on blockchains.Having launched its NFT marketplace about…
U.S SEC Chair Gary Gensler Speaks Up on Spot Bitcoin ETF Decision
Explaining the SEC’s stance change on bitcoin ETFs was a tough assignment for Gensler. Things “have changed,” he said, during an interview with CNBC.Commenting on the reasons for the SEC’s…
Bitwise to Donate 10% of Bitcoin ETF Profits to BTC Open-Source Development.
Bitwise plans to direct earnings from its Bitcoin ETF to Brink, OpenSats, and Human Rights Foundation.Bitwise, the manager of a cryptocurrency index fund, has disclosed its commitment to contribute 10%…
Clients Respond as Investment Giant Vanguard Blocks Bitcoin ETF Access
Vanguard rejects Spot Bitcoin ETFs, citing weak investment cases and volatility concerns.Clients express frustration, initiating a response rally on social media. In a surprising turn of events, Vanguard, the $7.7…
USDC Stablecoin Issuer Circle Files for Initial Public Offering (IPO).
Circle has not yet revealed the exact amount of shares it intends to sell or the estimated price. Following Circle’s failed 2022 effort to go public via a SPAC, this…
XRP Critically Challenged as Value Declines, Hoping on Bitcoin ETF Approval for Recovery.
XRP’s value has recently fallen by 10.83% in the last 30 days, reaching $0.5553.The coin’s recovery is closely tied to Bitcoin’s fate, particularly the potential approval of a spot Bitcoin…
SEC Approves Bitcoin ETFs: What’s Next for BTC and Crypto?
SEC Approves BTC ETFs:SEC approves first U.S. spot Bitcoin ETFs after a decade-long effort. Trading is set to begin with major exchanges and liquidity support. In a landmark decision, the…
Bitcoin Open Interest on CME Group Hits Record Levels Surge
BTC Futures OI has surged significantly on several other large exchanges in the last day.Bitcoin futures open interest (OI) has reached a staggering 437,79K BTC, or $20.43 billion.The overall Open…