US exchange-traded funds investing directly in Ether, or Ether ETF, have made a significant impact on their first day of trading, raking in a net $107 million. This launch provides a clear indication of mainstream crypto demand beyond Bitcoin, marking…
Ether ETF Launches with $5 Billion Inflows Expected in 6 Months
The recent approval of the first US exchange-traded funds (ETFs) investing directly in Ether, known as Ether ETF, marks a significant milestone in the cryptocurrency market. This development signals a shift in the regulatory landscape and opens up new opportunities…
Pluto Studio Secures Binance Labs Investment for Catizen Expansion
Binance Labs, the venture capital and incubation arm of Binance, has spearheaded an investment round for Pluto Studio Limited, the innovative GameFi publishing platform behind Catizen. This strategic move underscores the potential and growth trajectory of Pluto Studio in the…
Sei Foundation $50M Fund Boosts Japan’s Crypto Startups
The Sei Japan Ecosystem Fund represents a pivotal initiative in Japan’s burgeoning crypto startup landscape, aiming to accelerate growth on the Sei Network. Launched by the Sei Foundation, this venture fund offers extensive support for both early-stage startups and established…
Crypto trading firm Wintermute valued at $2 Billion with Tencent Investment
Crypto trading firm Wintermute Trading Ltd. is making headlines with its current fundraising efforts, aiming to secure a valuation of approximately $2 billion. This ambitious move involves discussions with prominent investors, including Tencent Holdings Ltd., to raise significant capital. The…
Bitcoin Surges After Biden Abandons Reelection Bid
Bitcoin surged to a monthly high as traders assessed the implications of US President Joe Biden’s decision to abandon his reelection bid. The largest digital asset rebounded from earlier losses, hovering around $67,600 as of 9:31 a.m. in New York…
Crypto Industry Hopes for Trump Victory to Ease SEC Actions
The crypto industry is closely monitoring the upcoming US presidential election, with hopes that the results might lead to a more lenient regulatory environment. The sector has faced significant scrutiny and enforcement actions under the current administration, particularly from the…
Kraken Expands Custody Services to UK and Australia
Kraken, a prominent cryptocurrency exchange, has made significant strides in expanding its custody services to cater to institutional clients in the UK and Australia. This strategic move builds on the successful launch of Kraken Custody in the U.S. earlier this…
WazirX Hack 8 Days of Preparation and $235M Theft Impact
In the dynamic and often precarious world of cryptocurrency, security remains a constant concern. The recent hack of WazirX, one of India’s most prominent crypto exchanges, underscores the ongoing threats faced by the industry. This detailed exploration sheds light on…
Wirex and Visa partnership enhances digital currency payments with better security and user experience
The partnership between Wirex and Visa is set to change the way digital currencies are used. By combining Visa’s trusted payment network with Wirex’s innovative financial solutions, users will experience a smoother and more secure way to manage their money.…