Justin Sun, founder of TRON, has invested $8 million in the DeFi project called River, according to the announcement made on Wednesday. After the investment, the Rivers’ token (RIVER) increased 24% on the same day. Analyst warns that the price surge may be driven more by leveraged trading than by
U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) saw a sharp outflow on January 21, as Bitcoin ETFs recorded an outflow of around $709 million and about $287 million outflows in Ether funds, marking one of the largest single-day redemptions. When combined, it nears $1 billion, the highest outflows ever
Vietnam has officially begun the procedure of accepting applications for licenses to allow the trade of virtual assets, a procedure that has been viewed as a milestone step towards the launch of a long-awaited cryptocurrency market. The State Securities Commission of Vietnam (SSC) confirmed the move on Tuesday, stating that
Some of the Coinbase users have been experiencing missing or incorrect balances being reflected in their accounts, which raised various concerns among the cryptocurrency communities. It is reported that the affected users were the ones who had been experiencing issues with the balances being reflected both on the Coinbase exchange
Laser Digital, a crypto investment firm backed by one of the largest financial giants, has launched a new Bitcoin yield fund which aims the long term bitcoin holders earn returns on the BTC price movements. It was named the Laser Digital Bitcoin Diversified Yield Fund SP. This is the first
US President Donald Trump is reportedly chasing the ouster of the Federal Reserve Governor. The US Supreme Court has weighed in by flagging risks associated with it. This comes after reports emerged about Trump going after the Fed Chair. For the crypto market, any movement in this context could cause
Strive, a fund management company founded by former US Presidential candidate Vivek Ramaswamy, is on the brink of raising as much as $150 million via a preferred stock offering. The funds raised will be used for paying off debt and buying more Bitcoin. This is a positive development for Strive,
The SagaEVM chain, part of the Saga Layer-1 blockchain ecosystem, remained paused after a security exploit on January 21. With that, the investigation update was released on January 22, the attacker’s wallet was found, and around $7 million worth of assets, with some converted to Ethereum. Further, the team is
The traditional banks in the U.S. are pushing the lawmakers to change the crypto rules that would limit the stablecoins and financial data sharing. This push was led by the American Bankers Association (ABA), which is the major group of U.S. banks. Why Banks Want Stablecoin Yields Banned ABA’s are
A crypto analyst has stated that the ETH price could be pushed to a new high, provided it reclaims the required margin. He has said that an alternative scenario could see ETH dip to yearly lows. This comes at a time when the token is attempting to recover from recent
