Pro-Crypto Kevin Warsh Set for Trump Appointment Today: Big Weekend Rally?
The most crypto-friendly Federal Reserve chair in history is being sworn in today, and markets are waiting for this weekend’s catalyst. Kevin Warsh, the pro-crypto guy, backed by Trump, confirmed by the Senate 54-45 on May 13, officially replaces…
Japan’s Crypto Revolution: 20% Tax Rate and Institutional ETF Gateway
Japan is executing the most consequential crypto regulatory pivot in Asia. The country that once taxed crypto gains at up to 55%, which drove liquidity offshore and cemented its reputation as a hostile jurisdiction for active traders, has now published…
Trump Media’s Crypto Bet Collapses in a Substantial $406 million Quarterly Loss
Trump Media & Technology Group’s stock is currently around $8.93, a sharp contrast to its peak of $97.50 per share in early 2022. The company, which owns Truth Social, has seen its value drop by more than 90% since then. Related reading: Tether Ramps Up…
TON Foundation Secures $400 Million Investment: A Game-Changer for Blockchain and Telegram Ecosystem
The TON Foundation, the driving force behind The Open Network (TON) blockchain, has made headlines by raising over $400 million through a token sale of its native cryptocurrency, Toncoin. This monumental funding round saw participation from some of the…
Tether’s Bold Move into Oil: A Game-Changer or Risky Bet?
Tether’s recent investment in 670,000 barrels of crude oil, worth a whopping $45 million, is a bold move that has the potential to reshape the intersection of cryptocurrency and traditional commodities markets. But is it a savvy strategic play or a…
CME Bitcoin Futures Open Interest Reaches ATH, Fueled by Active and Direct Investors
The Chicago Mercantile Exchange (CME) has recently announced that the open interest in its Bitcoin futures market has reached an all-time high. As of October 15, 2024, the open interest hit a staggering 172,430 BTC according to Coindesk report,…
TON Venture Launches $40M Crypto Fund to Foster Early Projects
In a significant move for the blockchain and cryptocurrency space, former TON Foundation leaders Ian Wittkopp and Inal Kardan have launched TON Ventures, a new venture capital firm with an inaugural fund of $40 million. This fund aims to support…
Gold-Backed Cryptos: A Bridge Between TradFi and Innovation
Gold has long been a symbol of stability, wealth, and timeless value. Cryptocurrencies, on the other hand, represent the cutting edge of financial technology. What if we could combine the best of both worlds? Enter gold-backed cryptocurrencies—a subset…