While the crypto market recovered last week, the Tron ecosystem quietly recorded a significant milestone for the year. As reported by Burakkesmeci, an analyst for the market intelligence platform CryptoQuant, all cohorts of investors holding TRX, the native asset of the Tron network, have seen their positions turn green. TRX Holders Enter Profit Zone Burakkesmeci […]
The State of Wisconsin Investment Board (SWIB), an independent agency handling assets for Wisconsin’s retirement and state investment funds, has divested its shares of BlackRock’s spot Bitcoin exchange-traded fund (ETF). SWIB was one of the early buyers of spot Bitcoin ETFs, setting a precedent for other U.S. states to follow. It is unclear why the […]
The FTX Recovery Trust has announced it will begin disbursing more than $5 billion to creditors from May 30. This payment round marks the second distribution to eligible parties as the firm continues its efforts to reimburse those affected by its collapse. Repayment Efforts In a May 15 release, the company’s bankruptcy estate categorized creditors […]
Around 26,500 Bitcoin options contracts will expire on Friday, May 16, and they have a notional value of roughly $2.7 billion. This week’s event is very similar to last week’s, as derivatives crypto trading has yet to pick up. Spot markets have seen solid growth with Bitcoin reclaiming six figures, but momentum appears to be […]
BNB Chain has surged to its highest daily decentralized exchange (DEX) volume in three months, hitting $3.22 billion in trades on May 14, according to DefiLlama data. This spike marks a notable resurgence in on-chain activity for the Binance-backed blockchain, hinting at renewed market interest amid broader ecosystem developments and strategic protocol upgrades. A Resurgence […]
Binance, the world’s largest crypto exchange by trading volume, has now maintained a reserve ratio above 100% for 30 consecutive months. The streak was confirmed in the latest snapshot at Bitcoin block height 894,668, showing the company holding 616,886 BTC to back customer net balances of 604,410 BTC, equating to a reserve ratio of 102%. […]
On May 13, the healthcare company provided an update on its Bitcoin holdings and other key performance indicators (KPIs), reporting that it currently holds 3,808 BTC and has a Bitcoin Yield of 22% year to date. The firm’s Bitcoin holdings are valued at $395 million at current market prices. “We continue to accretively grow our […]
On May 14, the Ethereum Foundation announced the “Trillion Dollar Security Initiative” with the ambition of making Ethereum “civilization-scale infrastructure that securely underpins the internet and global economy.” The core goal is to upgrade Ethereum’s security to a level where billions of individuals would feel comfortable storing more than $1,000 each on the network, which […]
In the last seven days, Ethereum (ETH) has defied market odds and reversed its price trajectory, rallying to a level last seen in mid-February 2025. This surge in the value of the second-largest cryptocurrency comes amid aggressive accumulation from market participants and declining sell-side pressure. ETH Records Large Exchange Withdrawals According to a tweet by […]
In a filing with the US Securities and Exchange Commission on May 13, Cantor Equity Partners revealed that Tether bought 4,812 Bitcoin for a total of $458.7 million and an average price of $95,320 per BTC. The purchase was on behalf of Jack Mallers’ recently launched Bitcoin treasury company, Twenty One Capital. Twenty One Capital, […]