95% of all Ether held by public companies was purchased in the past quarter alone, reported Bitwise on Wednesday. “Watch this space,” stated the crypto asset manager. Public corporations added 4.4 million ETH in the third quarter, resulting in a 1,937% increase over the previous one. There are only 27 public companies holding the asset, which […]
Sam Bankman-Fried, the disgraced FTX founder now serving a 25-year sentence for defrauding billions from customers, has reignited controversy by framing his 2022 arrest as politically motivated. In a recent GETTR post, reportedly shared via a friend, SBF claimed that his shift from center-left to centrist political views and subsequent large donations to Republican causes […]
Ripple has announced a strategic partnership with South Africa’s Absa Bank. Under the agreement, Absa will integrate Ripple’s custody technology to manage tokenized assets, including cryptocurrencies. With this partnership, Absa gains access to Ripple’s institutional-grade technology, while the latter advances its broader mission of integrating digital assets into mainstream financial operations across Africa. Institutional Digital […]
Traders on Binance, the world’s largest cryptocurrency exchange, are becoming increasingly pessimistic, with data from the platform showing that sell orders and user deposits have been steadily rising. According to CryptoQuant analyst COINDREAM, it means that short-term confidence has fallen following last week’s historic market crash. Market Metrics Signal Waning Confidence COINDREAM’s analysis revealed that […]
Fed Chair Jerome Powell’s comments on Tuesday have rekindled some confidence in crypto markets, as the likelihood of rate cuts increases. In a speech about the central bank’s balance sheet, Powell openly acknowledged the rising “downside risks to unemployment” in a dovish signal that the central bank is preparing to ease monetary policy. “Rising downside […]
Last weekend, the crypto market experienced one of its most dramatic days in history. Bitcoin’s 18% pulldown triggered over $19 billion in liquidations within hours, the largest such event ever recorded. Cryptocurrencies and investor portfolios bled significantly, driving a massive wave of selling in the spot market. Now that the worst is over, the market […]
Binance has announced that it has compensated affected users with approximately $283 million following the recent October 10 market meltdown. The company also shared that the situation had been caused by a brief technical glitch on the same day that resulted in temporary disruptions and de-pegging in some cryptocurrencies. What Really Happened During the Crash […]
Even as crypto prices dipped following renewed US-China tariff tensions, investors poured $3.17 billion into digital asset funds last week. The week closed quietly with just $159 million in outflows on Friday. With this, 2025’s year-to-date inflows have climbed to $48.7 billion, already exceeding last year’s record total. Digital asset exchange-traded products (ETPs) saw explosive […]
BitMine Immersion Technologies announced on Monday that its Ether holdings had topped 3 million ETH. It now owns greater than 2.5% of the ETH token supply, “now at the halfway point as it moves toward the ‘Alchemy of 5%’,” it stated. The company’s Ether, crypto, and cash holdings were worth $12.9 billion as of October 13, […]
Bitcoin and altcoins experienced the largest-ever liquidation cascade this past week, which has now reshaped positions across retail and institutional traders alike. Over 1.6 million leveraged traders were wrecked during the event, highlighting just how crowded the long side had become. While the extreme bearish sentiment has dissipated as Bitcoin and altcoins staged a recovery, […]