In Brief MicroStrategy purchased 850 Bitcoins worth $37.2 million in January, bringing its total to 190,000 Bitcoins valued at $5.93 billion. Despite Bitcoin investments, MicroStrategy’s total revenue has declined by 6% year-over-year. Saylor highlighted the significance of the SEC’s approval of the spot Bitcoin ETFs in December 2023. Throughout the month of January, Michael Saylor’s…
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In Brief Crypto analyst Miles Deutscher identifies top-performing crypto tokens resisting the market trend amid volatility. Solana remains resilient despite recent network issues, according to Deutscher’s analysis. JUP, Jupiter exchange’s native token, gained substantial hype pre-launch, with potential for future airdrops. Crypto analyst Miles Deutscher declares the choppy market faced by the crypto industry…
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In Brief Over 200 million XRP tokens were stolen from Ripple’s co-founder and sold across exchanges, leading to a significant sell-off. Kaiko’s analysis showed a net sell-off of nearly 100 million XRP, mainly on Binance and OKX, after the cybersecurity breach. Ripple’s challenges compounded with the SEC’s legal victory demanding financial disclosures, potentially affecting XRP’s…
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In Brief The metaverse is defining a new era of internet evolution through digital property rights, enabling true ownership of digital assets. Initiatives are debunking myths about digital immersion by promoting physical activity, illustrating the impact beyond virtual realms. The growing economy of the metaverse, as seen by a $1.64 trillion crypto market cap, is…
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In Brief Vitalik Buterin, Ethereum co-founder, optimistic about enduring success of decentralized social network Farcaster. Buterin aligns blockchain gaming perspective with crypto social industry, highlighting their similarities. Decentralized social media apps gain traction as privacy concerns rise, providing alternative to centralized networks like Facebook. Vitalik Buterin, co-founder of Ethereum, expresses optimism about the decentralized social…
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In Brief Today in the UK High Court, Craig Wright, who claims to be Bitcoin’s creator, presents his case for validation. Since 2016, Wright asserts his association with Bitcoin without presenting substantial evidence to support his claims. The COPA is demanding Wright show more evidence after he offered a settlement to the organization last week.…
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In Brief Federal Reserve officials will comment on last week’s interest rate decision, potentially impacting crypto markets. Key economic events include the release of S&P Services PMI, ISM non-manufacturing PMI data, and jobless claims data. Investors await Fed’s insight on how recent economic data will affect future interest-rate decisions, next one due on March 20.…
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In Brief Bitcoiner Nayib Bukele claims victory in El Salvador’s presidential elections with over 85% of the votes, according to exit polls. Bukele’s win is seen as a positive for the continuation of Bitcoin adoption in El Salvador, where it was made legal tender in 2021. El Salvador’s Bitcoin treasury currently stands at 2,825 coins,…
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In a nutshell the transfer of $341 million worth of Chainlink’s LINK tokens to Binance and a multi-sig wallet raised concerns among market observers. Since August 2022, designated wallets have consistently transferred 106 million LINK to Binance at an average price of $9, according to SpotOnChain. According to Godleak’s pricing data, LINK’s value has increased…
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Briefly it is rumored that spot Bitcoin ETFs will be promoted on Meta’s Instagram and Facebook. The approval of ETFs will reach a larger user base as a result of the potential alteration in advertising policies. The move lines up with the developing progress of Bitcoin ETFs, as seen by a significant spike in inflows.…
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