Crypto Investment Products Hit 10th Consecutive Week of Inflows
Digital asset investment products continue to experience significant growth, recording their 10th consecutive week of inflows as Bitcoin reaches new heights. According to CoinShares’ latest weekly flows report, the week of December 9-13 saw inflows of $3.2 billion, highlighting strong investor interest in cryptocurrencies. Bitcoin Leads the Charge with $2
Bitcoin Tops $106K, Achieves Record 40:1 Bitcoin-to-Gold Ratio
Bitcoin has reached a monumental milestone, surpassing $106,000 per coin and achieving a record Bitcoin-to-gold ratio of 40:1. This remarkable development underlines Bitcoin’s growing purchasing power and its position as a modern alternative to gold. Bitcoin-to-Gold Ratio Hits All-Time High The Bitcoin-to-gold ratio, which measures Bitcoin’s price relative to gold,
Donald Trump’s Crypto Portfolio: TROG Leads the Way
Former U.S. President-elect Donald Trump has solidified his presence in the crypto world, with TROG becoming the most prominent digital asset in his portfolio. According to Arkham Intelligence data from Dec. 12, Trump holds $8.1 million in cryptocurrencies, with TROG accounting for $2.2 million, or 27% of his holdings. A
Push Protocol Unveils Push Chain: A Game-Changing Layer 1 Blockchain
Push Protocol, the innovative blockchain-based notifications project, is taking a bold step forward with the launch of Push Chain, a dedicated Layer 1 blockchain. Designed to unify and simplify Web3 experiences, Push Chain aims to solve challenges like fragmented user interfaces and scalability hurdles. Revolutionising Web3 Accessibility Previously operating as
Crypto Market Surge: Spot Trading Volume Soars 141% in November
The crypto market witnessed a dramatic resurgence in November, with a significant increase in trading activity across major exchanges and a record-breaking market valuation. Crypto spot trading volumes surged 141% in November, with centralized exchanges such as Binance, Coinbase, and Kraken seeing a sharp uptick in activity. South Korea’s Upbit
Crypto.com Partners with Deutsche Bank to Boost Global Banking Capabilities
Leading crypto exchange Crypto.com has joined hands with Deutsche Bank, Germany’s largest financial institution, to enhance its corporate banking services globally. This collaboration focuses on strengthening Crypto.com’s presence in key regions like Singapore, Australia, and Hong Kong, paving the way for future expansion. Driving Innovation and Compliance Karl Mohan, General
Abu Dhabi Recognizes Tether’s USDT as a Virtual Asset
The Abu Dhabi Global Market (ADGM) has approved Tether’s USDT stablecoin as an Accepted Virtual Asset (AVA), marking a significant milestone for digital finance in the UAE. This recognition paves the way for regulated financial services to incorporate USDT, bolstering its role in the global crypto ecosystem. Integration with Regulated
Crypto Market Suffers $1 Trillion Loss: XRP, ADA, and DOGE Hit Hard
The crypto market has kicked off the week with sharp losses, shedding $1 trillion in market value in a single day. A staggering $1.76 billion worth of crypto assets were liquidated in the past 24 hours, with long positions accounting for $1.58 billion of the total. Over 600,000 trades were
South Korean Markets Reel Amid Political Turmoil
South Korean markets plunged following a weekend of political uncertainty, as President Yoon Suk Yeol faced mounting pressure to resign. The Kospi Index dropped 2.8%, while the Kosdaq Index tumbled over 5% to its lowest since April 2020. The won weakened nearly 1% against the dollar, nearing levels last seen
Virtu and StanChart Join UK’s First Regulated Crypto Derivatives Platform
Standard Chartered Plc and Virtu Financial Inc. are among prominent financial institutions joining Global Futures and Options Ltd. (GFO-X), a London-based crypto derivatives trading platform set to launch in early 2025. Supported by M&G Investments, GFO-X aims to establish itself as the UK’s first regulated and centrally cleared venue for
