Bitcoin Hashrate Reaches a New Record High
Reading Time: < 1 minute The latest data from Glassnode reveals that the seven day moving average for Bitcoin’s hashrate has reached a record high of 703 exahashes per second (EH/s).
Weekly Inflows into Crypto Products Reach $2.2B
Reading Time: < 1 minute Asset management firms such as BlackRock, Bitwise, Grayscale, ProShares, and 21Shares experienced significant net inflows of $2.2 billion last week, the highest since July.
CME Bitcoin Futures Open Interest Reaches an All-time High
Reading Time: < 1 minute Since Oct. 18, the Open Interest (OI) for Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a new record high of over $12.26 billion.
Pump.fun Announces Plans to Launch a Token
Reading Time: < 1 minute The team behind Pump.fun has revealed plans for a future token release and an upgraded trading terminal called “Pump Advance.”
SEC Approves NYSE and Cboe Spot Bitcoin ETFs Listing
Reading Time: < 1 minute The Securities and Exchange Commission (SEC) has approved NYSE American LLC and Cboe Exchange, Inc. to list and trade options on various Bitcoin exchange-traded funds.
Stripe Purchases Stablecoin Platform Bridge
Reading Time: < 1 minute In a new deal, Stripe has purchased stablecoin platform Bridge for $1.1 billion, making it their largest acquisition to date.
Polimec Announces Integration with Banxa, Simplifying Web3 Fundraising on Polkadot with Fiat Payments
Reading Time: 2 minutes Zug, Switzerland, 19th October 2024, Chainwire
Market Update October 18
Reading Time: < 1 minute The cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.
Worldcoin Rebrands to World
Reading Time: < 1 minute Worldcoin is undergoing a rebranding process and will now be known as World Network, or simply World.
SEC to Appeal Previous Judgment in Ripple Lawsuit
Reading Time: < 1 minute The US Securities and Exchange Commission has taken the next steps in its ongoing legal battle with Ripple Labs, filing a “Civil Appeal Pre-Argument Statement” or Form C on Thursday.
Stripe Plans to Purchase Stablecoin Platform Bridge
Reading Time: < 1 minute Stripe, a prominent payment processor, is reportedly in advanced negotiations to acquire the stablecoin money transfer company Bridge, backed by Sequoia.
Italy Plans to Raise Capital Gain Tax on Bitcoin
Reading Time: < 1 minute Italy is set to significantly increase the capital gains tax on Bitcoin, jumping from 26% to 42%.
DoJ: Bitfinex Hacker Should Spend Five Years in Prison
Reading Time: < 1 minute Ilya “Dutch” Lichtenstein, who admitted to his involvement in the 2016 Bitfinex hack, is facing a five-year prison sentence as recommended by prosecutors.
Thailand Bank Launches a Stablecoin Service for International Payments
Reading Time: < 1 minute The Siam Commercial Bank (SCB), a leading Thai financial institution, has introduced stablecoin-based cross-border payment services for its clients.
Hackers Steal $50M from Radiant Capital
Reading Time: < 1 minute Radiant Capital, a platform enabling borrowing and lending of cryptocurrency across blockchains, suffered a major cyberattack on Wednesday, losing over $50 million.
Paxos Rolls Out a New Stablecoin Payment Platform
Reading Time: < 1 minute Paxos, the company behind the Pax Dollar stablecoin, is striving to advance the use of stablecoins in the payments industry by introducing a high-quality infrastructure.
Canary Capital Plans to Launch a Litecoin ETF
Reading Time: < 1 minute Canary Capital has announced its intention to launch a product focused on Litecoin, just a week after filing for an ETF that would directly hold Ripple’s XRP token.
Grayscale Files Application to Convert its Crypto Fund into an ETF
Reading Time: < 1 minute Grayscale has submitted a request to the SEC to transform its Digital Large Cap Fund into an ETF.
Spot Bitcoin ETFs See Net Inflows of $555.86M
Reading Time: < 1 minute On October 14, net inflows for 12 Bitcoin exchange-traded funds (ETFs) reached $555.86 million, which was more than double the $253.54 million recorded on the previous trading day.
DefiEdge Stops Retail Deposits
Reading Time: < 1 minute DefiEdge, a liquidity management protocol, yesterday announced that it has temporarily blocked all deposits to its strategy contracts made through its user interface.
Tether May Lend to Commodities Trading Firms
Reading Time: < 1 minute Tether Holdings Ltd is planning to lend to commodities trading companies to utilize their billions of dollars in profits.
Deutsche Bank Will Offer Foreign Exchange Services to a Crypto Market Maker
Reading Time: < 1 minute Deutsche Bank and Keyrock, a market maker specializing in cryptocurrencies, have joined forces to offer multi-currency accounts and foreign exchange services.
Ripple Co-founder Donates $1M to Kamala Harris’ Campaign
Reading Time: < 1 minute Ripple co-founder Chris Larsen has contributed $1 million in cryptocurrency to a political action committee that supports Vice President Kamala Harris.
Arkham Intelligence to Launch a Crypto Derivatives Exchange
Reading Time: < 1 minute Arkham Intelligence, the company responsible for the popular multi-blockchain exploration and parsing tool Arkham Intel, is planning to launch a crypto derivatives exchange in November.
Crypto Exchange Bitnomial Sues SEC
Reading Time: < 1 minute Bitnomial, a crypto exchange, has filed a lawsuit against the US Securities and Exchange Commission (SEC).