Binance Secures $2B Investment from Abu Dhabi’s MGX
Binance, the world’s largest cryptocurrency exchange by trading volume, has received a $2 billion investment from Abu Dhabi-based investment firm MGX. This marks the first-ever institutional investment in Binance and the first digital asset-focused investment for MGX. The investment was made in stablecoins, though Binance did not disclose which specific
Bitcoin Rebounds to $82,700 Ahead of Key US Inflation Data
Bitcoin (BTC) is back on an upward trajectory, reclaiming $82,700 after a sharp decline over the weekend. The leading cryptocurrency plunged 9.14% on Sunday, breaking below its 200-day Exponential Moving Average (EMA) at $85,664 before finding support at $78,258. A strong rebound on Tuesday saw BTC recover 5.52%, with traders
Mt. Gox Moves Another $930M in Bitcoin Amid Payout Speculation
The long-dormant Mt. Gox Bitcoin stash is on the move again, reigniting speculation about upcoming creditor repayments. The defunct crypto exchange, which collapsed in 2014 after a massive hack, recently transferred 11,834 BTC—worth approximately $930 million—across multiple wallets, according to data from Arkham Intelligence. A Step Towards Creditor Payouts? Mt.
Bitcoin Price Dips Below $80K as Market Faces $1 Trillion Sell-Off
Bitcoin and the broader crypto market have been hit hard in recent weeks, shedding a staggering $1 trillion in value. The sharp downturn follows growing concerns about inflation, interest rates, and a potential U.S. recession, all of which have spooked investors. The bitcoin price has slipped below $80,000, dragging down
Crypto Investment Funds Bleed $4.75B as Market Sell-Off Worsens
The crypto investment market is facing a sharp downturn, with funds seeing outflows for four consecutive weeks. Last week alone, investors pulled out $876 million, pushing the total four-week outflow to a staggering $4.75 billion. Post-Election Gains Wiped Out The ongoing sell-off has erased gains made since November 2024, following
Crypto Equities Tumble as Bitcoin Falls Below $81K
Bitcoin’s price dipped as low as $80,226, triggering a broad sell-off across the crypto market. Major altcoins also faced significant losses, reflecting heightened investor anxiety. Crypto-Linked Stocks See Red The downturn extended to traditional markets, with crypto-adjacent stocks sliding in pre-market trading on Monday. MicroStrategy (MSTR) and Coinbase (COIN) both
Crypto’s Political Takeover: Risks of Deregulation and Corporate Influence
Cryptocurrency companies have emerged as major players in American politics, significantly increasing their political spending. A report by the Center for Political Accountability (CPA) highlights how crypto firms spent over $134 million in the 2024 election, shaping outcomes at both national and state levels. Following Donald Trump’s victory, crypto giants
White House Prioritises Bitcoin as U.S. Establishes Crypto Reserve
The U.S. government is taking a significant step in recognising Bitcoin (BTC) as a unique asset. President Donald Trump has signed an executive order establishing a dedicated Bitcoin reserve, separating it from other digital assets. A senior White House official confirmed that BTC will receive “special treatment,” marking a turning
New York Proposes Strict Crypto Fraud Bill to Tackle Rug Pulls and Key Theft
New York lawmakers are taking a firm stance against crypto fraud with a new bill aimed at curbing deceptive practices such as rug pulls and private key theft. The proposed legislation, Assembly Bill 6515, seeks to amend the state’s penal law by establishing criminal penalties for fraudulent activities related to
Bitwise Enters DeFi With Maple Finance Partnership
Bitwise, a leading crypto asset manager and ETF provider, has made its first move into decentralized finance (DeFi) through a partnership with Maple Finance, an on-chain credit specialist. This collaboration represents a major step in institutional adoption of blockchain-based lending products, particularly as traditional finance sees shifting interest rate trends.
