Cryptocurrency Market

  • Market Cap: $2,388,461,685,897.01
  • 24h Vol: $54,621,271,919.14
  • BTC Dominance: 56.56%

News Bytes

metaplanet-grows-bitcoin-holdings-with-$2.2-million-acquisition

Metaplanet Grows Bitcoin Holdings With $2.2 Million Acquisition

Metaplanet, a publicly listed Japanese company, has significantly boosted its Bitcoin holdings with a recent acquisition of 38.6 bitcoin for $2.2 million (¥300 million). This purchase increases their total bitcoin assets to 398.8 BTC, valued at around $27.6 million (¥3.75 billion). The company’s strategy, similar to that of Microstrategy, involves using debt to acquire bitcoin […]

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grayscale-launches-sui-trust-for-accredited-investors

Grayscale Launches SUI Trust for Accredited Investors

On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed by Mysten Labs, a team of former Meta engineers,

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polygon-labs-to-invest-$5-million-in-acquiring-vpu-based-server-systems

Polygon Labs to Invest $5 Million in Acquiring VPU-Based Server Systems

Polygon Labs has announced a $5 million investment in Fabric’s custom Verifiable Processing Unit (VPU) to enhance the performance of its ZK-powered protocols. This investment marks Polygon Labs as the first protocol to adopt these next-generation crypto-native hardware systems. The VPU, designed to support advanced cryptographic operations and optimized for ZK cryptography, aims to accelerate

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bitget-launches-direct-deposit-option-for-mexican-pesos

Bitget Launches Direct Deposit Option for Mexican Pesos

Cryptocurrency exchange Bitget has announced a strategic partnership with Swapple to facilitate crypto payments in Mexican Pesos (MXN) via the Interbank Electronic Payment System (SPEI). Operated by Banco de México, SPEI allows for near-instantaneous electronic funds transfers between bank accounts in Mexican pesos, providing a secure and efficient way to move money. This integration aims

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travala-integrates-with-skyscanner,-enabling-crypto-payments-for-over-2.2-million-hotels

Travala Integrates With Skyscanner, Enabling Crypto Payments for Over 2.2 Million Hotels

Crypto-native travel platform Travala has announced its integration with global travel marketplace Skyscanner. This partnership allows Skyscanner’s 110 million monthly users to discover and book over 2.2 million hotels using more than 100 cryptocurrencies via Travala. This integration positions Travala alongside leading travel agencies like Expedia and Booking, enhancing visibility and driving new users to

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libertarian-javier-milei:-‘only-entrepreneurs-can-create-wealth’

Libertarian Javier Milei: ‘Only Entrepreneurs Can Create Wealth’

The libertarian President of Argentina, Javier Milei, has shared his perspective on how wealth should be created efficiently and who should be responsible for its creation. During a visit to Mercado Libre’s offices on Thursday, Milei stated that while a president can create conditions that make investing attractive and profitable, the only ones who can

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former-mt-gox-ceo-mark-karpeles-to-launch-new-crypto-exchange-with-a-focus-on-transparency

Former Mt Gox CEO Mark Karpeles to Launch New Crypto Exchange With a Focus on Transparency

Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange named Ellipx later this month. Based in Poland, Ellipx aims to prioritize transparency and compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. The platform will initially operate as a crypto-only exchange, with plans to

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web3-startup-startale-labs-secures-investment-from-samsung-next-following-sony-partnership

Web3 Startup Startale Labs Secures Investment From Samsung Next Following Sony Partnership

Samsung Next has announced its investment in Startale Labs, a company at the forefront of the Web3 ecosystem. This partnership aims to address the limitations of centralized systems by providing essential tools and infrastructure for decentralized applications (dapps) and smart contracts. Startale Labs, known for its innovative solutions like the Astar Network and Soneium, is

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cftc-fines-uniswap-labs-$175,000-for-violating-commodity-exchange-act

CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act

The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail commodity transactions without proper registration. Uniswap Labs, the company behind a popular decentralized digital asset

CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act Read More »

markets-bet-big-on-a-25bps-fed-rate-cut—low-odds-for-a-bigger-reduction

Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which

Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction Read More »