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Crypto exchange Binance demonstrates the cost-saving benefits of crypto remittances compared to traditional financial systems. With users sending an average of $470 in international remittances in 2024, Binance offers a cost-effective and faster alternative to traditional fiat remittances. In 2024, over half a million female Binance users contributed to more than $4 billion in domestic…
Whales and institutional investors have accumulated over 330,000 Ethereum (valued at $1 billion) in the past week. Ethereum price could break critical resistance levels, potentially reaching $7,000 in the near term. The Ethereum Foundation is transferring 50,000 ETH (worth $150 million) to a new wallet for active participation in the DeFi ecosystem. Ethereum price could…
One of the CFTC commissioners, Caroline Pham, has been named as the acting CFTC Chair, as per sources. CFTC Chair Rostin Behnam is stepping down today and February 7th will be his last day at CFTC. Pham has led several digital asset initiatives, including establishing a Digital Asset Markets subcommittee. A Great Record CFTC Chair…
Upbit’s announcement of VTHO listing triggered a 230% price surge to $0.01, levels unseen since November 2021. The token is currently trading at $0.005, up by 125% in the past day. VTHO’s 24-hour trading volume skyrocketed by 5000%, reaching $230 million. South Korea’s largest cryptocurrency exchange Upbit the listing of VeThor Token on January 21,…
Abstract launched with 711,000 transactions on day one, but total value secured remains low at $33.37 million. NOXA’s total value locked dropped sharply from $515,000 to $109,231, reflecting weak investor confidence in liquidity. PENGU token plunged 37% in a week as traders reacted to unmet expectations and a struggling NFT market. Abstract, the new layer-2…
Metaplanet is raising $745M through stock issuance to increase its Bitcoin holdings. The company aims to acquire 10,000 BTC by 2025 and 21,000 BTC by 2026. Since adopting Bitcoin in 2024, Metaplanet has accumulated 1,761 BTC. Metaplanet Inc, a financial services company based in Japan, has a landmark capital raise in the Asian equity market,…
The SEC has approved Bitwise’s Bitcoin and Ethereum ETF, fast-tracking the process due to its similarity to prior spot crypto ETFs. The approval follows recent leadership change at the SEC. January saw a flood of crypto ETF filings, including memecoin and Solana-focused products. The US Securities and Exchange Commission () has approved a 19b-4 filing…