Adding Spot Bitcoin ETFs to its pension funds, the state of Michigan has taken a daring step in the crypto market. The state spent around $6.6 million for 110,000 shares of the ARK 21Shares Bitcoin ETF (ARKB), according to a recent SEC filing. The increasing demand for Bitcoin and its
Renowned economist Peter Schiff severely criticized Michael Saylor, founder of MicroStrategy, for what Schiff called the “Bitcoin pyramid scheme.” After Saylor’s address at the Nashville Bitcoin Conference 2024, this back-and-forth took place. Saylor compared Bitcoin to “cyber Manhattan” and said that the US currency should be backed by the digital
Amidst the market upturn, the leading altcoin Aave (AAVE), has emerged as a leading performer, climbing over 21% in the last 24 hours and topping the gainers’ list. According to CoinMarketCap, the token’s price surged over $103 from its low of $85. The price of AAVE soared due to a
In continuation of their withdrawals from the previous day, the nine U.S spot Ethereum exchange-traded funds saw net outflows of $152.3 million on Thursday, their third day of trading. According to statistics from SosoValue, out of all the funds, only the Grayscale Ethereum Trust (ETHE) saw a net outflow of
The overall crypto market in the last 24 hours showed modest hikes in prices. Leading cryptocurrencies such as Bitcoin and other altcoins showed price increases over the past day. Particularly, the leading altcoin Ethereum factored to a slight increase of 2.49% in its market price. The ETH token has seen
As global crypto markets react to Bitcoin’s price surge and Ethereum ETF news, Solana (SOL) has come into the spotlight, with its price climbing to the $180 zone. The latest buzz centers around the potential filing for a Solana ETF by Franklin Templeton, a prominent global asset management firm known
The dreadful hack of July that shook the entire crypto community was WazirX’s $230 million attack. Besides this, there was a minor breach staged. On July 23, dYdX, an Ethereum decentralized exchange (DEX), encountered a DNS hijack. What actually happened? How quickly did the platform recover? Who was affected, and
Mantle Ecosystem has recently made a significant strategic investment in UXLINK, marking a pivotal moment in the continued development and expansion of both entities. This partnership promises to deliver seamless user experiences and enhanced ecosystem growth through collaborative efforts and shared goals. The alliance will leverage the strengths of Mantle’s
Jersey City Mayor Steven Fulop has announced a plan to allocate a portion of the city’s pension fund to Bitcoin exchange-traded funds (ETFs). This move revealed in a social media post on July 25, signals a significant shift in the city’s financial strategy for including cryptocurrencies. Currently, the Jersey City
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, revealed today that it has risen to second place in the derivatives market, according to the most recent CoinMarketCap data, cementing its position as the world’s second-largest crypto exchange by trading volume. This noteworthy accomplishment highlights Bybit’s dedication to provide its
