Ah, the illustrious Bitcoin mining industry in the United States! It has, with a flourish of its digital wand, conjured forth over 31,000 jobs and bestowed upon the economy a staggering $4.1 billion in annual gross product. One might say itโs the fairy godmother of the modern age, if fairy godmothers were obsessed with virtual … Read more
What to know: Behold! Coreโs IstBTC token, a magical bean that allows the elite to reap the golden harvest of Bitcoin without so much as a whisper to their trusted custodians at BitGo, Copper, and Hex Trust. In a twist of fate, Maple will soon conjure a liquid staking token, turning staked BTC into mystical … Read more
BTC dominance rises to 60%, signaling institutional growth as market uncertainty persists, with altcoins underperforming and volatility low. As the cryptocurrency market continues to trade sideways, Bitcoin (BTC) dominance has surged to approximately 60%, approaching levels not seen in nearly four years. While BTC has remained resilient to the most recent macro data, other cryptocurrencies … Read more
Ah, dear reader, on the 16th of February, the trading volume of Solana DEX plummeted to a mere $2.61 billion. It seems our beloved decentralized exchanges have taken a turn for the worse, reaching depths not seen since the mid-December gloom. One might say itโs a tragicomedy of errors, or perhaps just a comedy of … Read more
Binance confidently laughs in the face of sale rumors while plotting its world domination through strategic partnerships, acquisitions, and glorious market leadership. ๐ Binance co-founder, Changpeng Zhao (CZ), aka the man who made crypto cool, has masterfully swiped away the recent sale rumors like an annoyed cat brushing off an impolite laser pointer. Addressing the … Read more
In a shocking turn of events, digital asset investment trends have taken a nosedive as outflows reached a staggering $415 million. This comes after 19 consecutive weeks of inflows post-US election, during which a whopping $29.4 billion was amassed – significantly outpacing the $16 billion gathered in the first 19 weeks of US spot ETF … Read more
What to know: Ethereum‘s ETH soars 7% to $2,850, only to give up most of the gains as crypto markets fall. The episode echoes ETH’s rally in late January, which foreshadowed a market-wide tumble in early February. LMAX group’s Joel Kruger suggests ether might be ending its multiyear drop against BTC, while CoinPanel’s Aran Hawker … Read more
STABLECOIN SHOCKER: Standard Chartered and Partners Plan HKD-Backed Stablecoin So, you’re telling me that Standard Chartered, Animoca, and HKT are teaming up to create a joint venture for a HKD-backed stablecoin? ๐คฏ Because, you know, the world was just missing that. ๐ Apparently, they’re going to submit an application to the HKMA for a license … Read more
Jason Calacanis, the investing whiz, and podcast king has set the crypto world ablaze by labeling XRP as a “centrally controlled security.” Gasp! In a recent X-post, he raised eyebrows by questioning XRP’s decentralized nature, arguing that if the SEC lets it trade like Bitcoin, securities law will be rendered as useful as a chocolate … Read more
๐ $1M Mobius Hackathon: Where the Cool Kids Come to Play ๐ฎ Sonic Kicks Off $1M Mobius Hackathon Good heavens, the Solana crowd is at it again! Sonic SVM, the first chain extension for Solana, has launched its $1 million Mobius Hackathon, inviting developers to build decentralized applications (dApps) on its gaming-optimized platform. One can … Read more