The digital assets market has managed to remain in its recovery lane over the past 24 hours. Bitcoin is currently trading at $92,000 after much turmoil this week. While investors wait with bated breath to see its consistency, other aspects regarding the US crypto reserve have been advancing. Notably, just
Canary Capital, led by former Valkyrie Funds co-founder Steven McClurg has filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking Axelar’s AXL token. This move comes as interest in altcoin-based ETFs continues to rise. The investment firm submitted its S-1 registration on 5th
The Federal Prosecutor in Argentina, Eduardo Taiano, has strengthened the LIBRA cryptocurrency investigation. It pursues the freezing of $100 million of relevant assets and reinstatement of previously deleted social media posts, even those posted by President Javier Milei. Notably, the probe began after President Milei promoted the LIBRA token on
Bitwise’s Chief Investment Officer, Matt Hougan, shared his view on Trump’s US crypto reserve. Despite initial plans to include various altcoins, Donald Trump’s proposed cryptocurrency reserve will likely end up being almost exclusively Bitcoin, according to Bitwise CIO Matt Hougan. Hougan highlights that the market’s initial negative reaction to the
Mt Gox moved around 12,000 Bitcoins today to different wallet addresses. Since its bankruptcy filing in 2014, several creditors are awaiting their repayments. As per its announcement in October 2024, the repayment deadline extended to October 31, 2025. Mt. Gox just transferred 166.5 $BTC($15.05M) again, probably to #BitGo.https://t.co/Szb0IPe5slhttps://t.co/9KFOv9tjay pic.twitter.com/VQ2UNlIyIr —
Recent activity on the XRP Ledger shows that whale investors have been quietly accumulating large amounts of XRP, potentially setting the stage for a significant price boost. Over the past week, whale addresses holding between 100 million and 1 billion coins added a total of 1.34 billion XRP valued at
Stablecoin is a type of cryptocurrency intended to maintain a stable value by being pegged to a reserve asset, such as a fiat currency (USD, EUR), commodities (gold, silver), or other cryptocurrencies. Unlike older cryptocurrencies such as Bitcoin and Ethereum, which have high price volatility, stablecoins offer price stability, hence
Animoca Brands published a report detailing its revenue statistics for the last year. For FY2024 and Q4 2024, the firm recorded significant growth, and its co-founder Yat Siu expects the same in 2025. Even though several business units of teh firm, such as Moca Network, The Sandbox, and others, recorded
Ethereum’s highly anticipated Pectra upgrade has passed a key milestone. The upgrade successfully launched on the Sepolia testnet on March 5 at 7:29 AM UTC. This marks the second test phase after an earlier attempt on the Holesky testnet faced issues. Pectra is Ethereum’s biggest upgrade since 2024. It includes
Markets in Crypto Assets (MiCA) came into effect on December 30, 2024 to regularize the crypto industry in Europe. The increasing adoption and recognition of digital assets has made it mandatory to bring clear regulatory policies. However, its guidance over stablecoin issuance is unclear so far. The issue came to
