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Crypto and Fintech Leaders Launch Global Dollar Network and USDG Stablecoin

On Nov. 5, crypto, venture capital, and fintech firms Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the “Global Dollar Network.” The partners are…

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Michigan State Retirement Fund Now Holds More Ethereum Than Bitcoin

The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan…

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Mt. Gox Shifts $2B in BTC to New Accounts Amid Ongoing Debt Settlements

Defunct Bitcoin exchange Mt.Gox has moved 32,371 BTC worth an estimated $2.19 billion to three new addresses. Several on-chain transaction trackers caught the movement, including Spot On Chain and Arkham…

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Crypto Sector Invests Over $238M in 2024 US Elections, Exceeding Oil and Pharma: Report

The U.S. cryptocurrency industry invested over $238 million in the country’s 2024 election cycle, surpassing traditional sectors like oil, pharmaceuticals, and major Wall Street firms. This marks the first time…

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Santiment Sees Bullish Indicator as Non-Empty BTC Wallets Decline by Over 211K

Data from Santiment shows that there has been a significant drop in non-empty Bitcoin (BTC) wallets. The platform’s analysts have interpreted this as a sign of fear, uncertainty, and doubt…

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Electrifying Week: Bitcoin Sees Muted Volatility as Investors Await US Election Outcome (Bitfinex)

With the United States presidential election a few hours away from conclusion, crypto investors are exercising caution, which is evident in the low volatility in the bitcoin options market. Crypto…

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What Happened With Bitcoin, Ethereum ETFs on Last Trading Day Before US Elections?

November 5 is finally here, and all eyes are on the United States as the country elects its next president – whether it will continue with its Democratic views as…

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These 2 Exchanges Lead in Bitcoin Reserve Growth Since FTX’s 2022 Collapse

The FTX collapse of November 2022 continues to serve as a stark reminder of the necessity for rigorous asset monitoring. This event catalyzed a shift toward transparency, with crypto exchanges…

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Chinese E-commerce Giant Alibaba Downsizing Metaverse Unit to Streamline Operations: Report

In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in…

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