An average of 566 BTC per day is falling into this long-term “ancient supply” bucket, compared to the current daily issuance rate of 450 BTC, reported Fidelity Digital Assets on June 18. This trend marks the first time in Bitcoin’s history that long-term held coins are growing faster than new supply, potentially reinforcing the asset’s […]
Arthur Hayes has questioned the motivations behind recent high-profile moves by crypto investor James Wynn. He suggested that the trader’s actions might be more driven by a desire for engagement rather than making actual earnings. Airdrop Farming Allegations In a clip shared by Laura Shin, host of the Unchained Podcast, Hayes commented on Wynn’s latest […]
Hong Kong-based DDC Enterprise has announced it has entered into three securities purchase agreements that could generate up to $528 million in gross proceeds, excluding placement agent fees and offering expenses. The capital raise features participation from institutional investors, including Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, and a network of prominent Bitcoin investors. […]
On June 17, the Thai government approved in principle a tax exemption to promote the country as a Global Digital Asset Hub. Deputy Minister of Finance, Mr. Julapun Amornvivat, announced the measure, labelling it a move to increase investment, stimulate economic activity, and drive long-term growth. “This tax adjustment will enhance the growth of Thailand’s […]
AI-powered education group Genius Group has boosted its Bitcoin holdings by more than 50% in a renewed show of confidence in the digital asset. The company disclosed that it increased its corporate Bitcoin treasury from 66 BTC to 100 BTC, an addition of 34 BTC worth approximately $3.42 million, which brings the total value of […]
In a display of crypto’s long game paying off, a participant in Ethereum’s 2014 Initial Coin Offering (ICO) awoke after 10 years of dormancy and deposited 2,000 ETH that they had acquired at the time onto Binance. If they cashed out, the potential windfall from a mere $620 investment during Ethereum’s genesis would represent an […]
Polygon’s zero-knowledge chain, zkEVM, which was originally acquired through the $250 million purchase of Hermez in 2021, appears to have fallen flat. According to GrowThePie’s research lead, Lorenz Lehmann, Polygon zkEVM has seen little meaningful progress since its rebranding and is now operating at an annual loss of over $1 million. “Development Quietly Abandoned” Lehmann […]
Geopolitical uncertainty hurt risk assets last week, but digital assets showed notable resilience, pulling in capital alongside traditional safe havens like gold. Weekly inflows into digital asset products reached $1.9 billion, extending a nine-week positive trend. Altogether, inflows during this streak hit $12.9 billion, with year-to-date figures now at a record $13.2 billion. According to […]
The case between Ripple Labs and the US Securities and Exchange Commission received a long-awaited updated on June 16th, as the institution submitted a status report, which more or less asks for an extension of a previous deadline. Ripple vs. SEC Lawsuit Update As CryptoPotato reported earlier this month, both parties managed to reach an agreement regarding […]
This weekend saw significant headlines in crypto, including financial disclosures tied to a high-profile political figure, a new decentralized exchange announcement from a major platform, and a criminal case involving a social media trader. Here are the top stories that stood out over the past few days. Trump’s Crypto Play Pays Off Donald Trump reportedly […]