Tue, April 7

Canary Capital Files for Axelar ETF Triggering 20% Price Jump in AXL Token

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

March 6, 2025 2 mins read

Argentine Prosecutor Seeks to Halt $100M in LIBRA Crypto Transfers

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

March 6, 2025 2 mins read

Bitwise Claims Trump’s Bitcoin Reserve Will be Larger Than Expected

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

March 6, 2025 2 mins read

Mt Gox Transfers 12,000 BTC Worth Over $1B As Bitcoin Regained $92K

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 —

March 6, 2025 2 mins read

Animoca Brands Record $314 Million Revenue by December 2024

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

March 5, 2025 1 min read

Are Tether USDT Custody and Transfers Not Restricted Under MiCA?

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

March 5, 2025 2 mins read

South Korea’s FIU Announces Tightening AML Laws Amid Crypto Crimes Surge

Cryptocurrency hacks have been far from reducing over the past months. Following a short dormancy during the end of 2024, the sector witnessed the huge Bybit hack in February. This hack occurred on February 22 and experienced a loss of $1.4 billion worth of funds. Particular investigators alleged that the

March 5, 2025 2 mins read

Metaplanet Stock Surges 20% After Purchasing 497 Additional Bitcoins

Metaplanet stock price jumped more than 20% today after the firm announced its latest purchase of 497 Bitcoins. Japan’s firm has been circling around the media for its relentless BTC purchase since last year. Despite the market price swings triggered by Trump’s tariffs and crypto announcements, Metaplanet remains committed to

March 5, 2025 2 mins read

Mexican Billionaire Ricardo Salinas Allocates 70% of Portfolio to Bitcoin

Mexican billionaire Ricardo Salinas has allocated 70% of his total investment portfolio to Bitcoin and Bitcoin-related assets. During his March 4 Bloomberg interview, the founder and chairman of Grupo Salinas discussed his current investment strategy. During 2020 Salinas maintained Bitcoin as 10% of his portfolio, but he increased his holdings

March 5, 2025 2 mins read

SEC Drops Lawsuit Against Cumberland DRW Over Unregistered Securities Trading

The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Chicago-based crypto trading firm Cumberland DRW. The firm announced the decision in a March 4 post on X, stating that both parties had signed a joint filing to dismiss the case. The SEC initially sued Cumberland

March 5, 2025 2 mins read
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