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…
Institutional demand for Bitcoin is growing exponentially. However, the supply needed to meet it is becoming increasingly limited. In a conversation with BeInCrypto, SwissBorg Exchange Chief Wealth Officer Christophe Diserens said that massive Bitcoin holders like Strategy (formerly MicroStrategy) or Marathon Holdings may need to step up to provide liquidity. The Scarcity Paradox: Demand vs….
TeraWulf, a Bitcoin miner, completed a deal with Fluidstack to build out its AI data center for $3.7 billion. Google will backstop $1.8 billion in exchange for ~8% ownership in TeraWulf. Over the next ten years, the firm will bring more than 200 MW online at Fluidstack’s New York data center. If this deal goes…
Citigroup is exploring a major expansion into the digital asset space, with plans that could put the $2.57 trillion banking giant at the center of stablecoin custody, crypto ETF infrastructure, and blockchain-based payments. Speaking to Reuters, Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services division, said the bank is looking at…