Citigroup is showing an unexpected interest in stablecoins and crypto ETFs; it might offer custody services for these assets’ collateral. Stablecoins might be the more viable option, as Coinbase already has an overwhelming head start in the ETF collateral market. Even if these plans don’t work out, the firm is nonetheless considering other stablecoin pilot…
Bitcoin mining operators are putting less of a strain on Paraguay’s power grid than engineers initially feared, the nation’s power provider says. Per the Spanish-language news outlet Criptonoticias, the comments came from Félix Sosa, the President of the National Electricity Administration (ANDE). Speaking at a recent blockchain technology-related conference, the power chief said that crypto…
Bitcoin (BTC) surged to a new all-time high of $124,400 on early Thursday, fueled by strong institutional demand, bullish technicals, and favorable U.S. policy shifts. The move pushed the overall crypto market cap to a record $4.18 trillion. The rally followed a decisive breakout above key technical levels, including the 7-day SMA at $118,892 and…
The SEC keeps delaying Solana ETF applications, postponing four filings from Bitwise, 21Shares, Canary Capital, and Marinade Finance. There has not been any concrete explanation for this process. There are a few competing explanations for this setback, but there’s a simple and plausible answer. The Commission generally takes as much time as it can with…
Decentralized Physical Infrastructure Networks (DePIN) was one of the most talked-about sectors in crypto and experienced substantial growth in 2024. However, as crypto metas like meme coins, NFTs, and others regain traction, DePIN has struggled to maintain its momentum. This year, it has fallen behind in the race for investor attention. Nonetheless, Naman Kabra, CEO…
Dominating the $2.3 trillion crypto market, Bitcoin smashed a new all-time high (ATH) price record in the early hours of trading today UTC. It hit $124,128 before declining 2.1% to its current price of $121,100. The achievement has reignited speculation that a long-anticipated post-halving bull run may finally be underway. Investor interest has expanded beyond…
Bitcoin (BTC) created a fresh all-time high (ATH) yesterday, touching $124,474 on Binance before stabilizing around $118,000 at the time of writing. Meanwhile, BTC reserves on Binance have surged significantly, raising concerns about a potential price correction. Bitcoin Reserves Spike On Binance: Time To Worry? According to a CryptoQuant Quicktake post by contributor Arab Chain,…
Treasury Secretary Scott Bessent confirmed the government may still expand its Bitcoin (BTC) holdings on Aug. 14, backtracking remarks made a few hours earlier. Bessent had told reporters during a television interview in the morning that the Strategic Bitcoin Reserve would remain at its current level. He said the reserve would consist of approximately $15…
Ethereum (ETH) is closing in on its 2021 all-time high as institutional demand surges, fueled by record-breaking inflows into U.S. spot Ethereum exchange-traded funds (ETFs). On Wednesday alone, Ethereum ETFs pulled in $729.1 million, their second-largest daily inflow since launch, with BlackRock’s ETHA accounting for $500.9 million and Fidelity’s FETH adding $154.7 million. Over the…
Chainlink (LINK) has surged above $24 amidst increased activity and optimism seen across on-chain metrics. As the token rallied by almost 45% this week, investors now await more gains. $24 Isn’t the Ceiling In its latest tweet, crypto analytics firm Santiment reported 6,463 active LINK addresses, which marked an eight-month high. This milestone is accompanied by…