Tesla is currently the third-largest public corporate holder of Bitcoin. Arkham Intelligence has identified the on-chain Bitcoin addresses of Elon Musk‘s companies, Tesla and SpaceX. In a Mar. 7 social media post on X (formerly Twitter), Arkham disclosed that Tesla possesses 11,510 BTC, valued at $780 million, spread across 68 addresses. Additionally, SpaceX holds 8,290…
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In Brief Dogecoin added more than 500,000 holders in two weeks during February. The percentage of addresses in profit is the highest since May 2021. DOGE price has support around $0.15 after nearly doubling in less than two weeks. Are we witnessing the calm before the storm in Dogecoin? The asset added over half a…
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Several crypto lawyers have pushed back against SEC’s reliance on the insider trading case judgment. The US Securities and Exchange Commission (SEC) wants to leverage a decision from an insider trading case to strengthen its lawsuit against several crypto trading platforms, including Coinbase and Binance.US, according to recent court filings. SEC claims ‘insider trading’ case is relevant Last…
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In Brief BlockFi is set to recover up to $874M after settling disputes with FTX, pending judicial approval. $250M of this amount is guaranteed from FTX, with additional funds contingent on FTX repaying its clients. FTX’s disposal of its Anthropic stake propels progress toward fulfilling creditor and customer repayments. BlockFi customers are on the brink…
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In Brief China maintains a strict ban on cryptocurrency trading since September 2021, yet interest in Bitcoin surges. Despite the ban, the underground crypto market in China shows resilience with significant transaction volumes. Hong Kong’s open approach to digital assets and the economic downturn push investors towards crypto. Recent developments have sparked discussions on whether…
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MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on…
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In Brief SEC delays Ethereum ETFs from BlackRock and Fidelity, seeks public feedback. Ethereum’s proof-of-stake model raises concerns about legal status of the asset. May 23 set as final decision deadline for VanEck Ethereum ETF approval. The US Securities and Exchange Commission (SEC) has once again delayed approving Ethereum exchange-traded funds (ETFs) from financial heavyweights…
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On-chain data shows the stability is a result of strong investor confidence, evidenced by over 1 million addresses accumulating over 671,000 BTC. The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark,…
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In Brief Charles Hoskinson has acknowledged ongoing investigations into a glitch affecting Nami wallet users. To address the issue, the Nami team has disabled ADAHandles temporarily until a solution is deployed. Despite the setback, ADA’s network activity has seen significant growth coinciding with a bullish trend. Cardano’s founder, Charles Hoskinson, has addressed ongoing investigations into…
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In Brief Memecoins dominate with a $40B+ aggregate market cap, surpassing emerging sectors like DeFi and Exchange cohorts. Ryan Selkis reveals seven unicorn memes, comprising dogs or frogs, leading the meme coin market surge. Major cryptos witness significant price surges; PEPE spikes by 388%, DOGE up by 83%, Ethereum rises by 12.51%, Bitcoin surges by…
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