Justin Sun Drops $6 Million on Iconic Banana Artwork Taped to a Wall

Tron founder Justin Sun made headlines with his $6.2 million purchase of Maurizio Cattelan’s “Comedian,” a banana duct-taped to a wall. The unconventional artwork, auctioned at Sotheby’s, has become a symbol of modern art’s ability to blur the lines between humor, culture, and value. Sun described the piece as a bridge between art, memes, and […]

Gary Gensler Announces Resignation as SEC Chair

Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has announced his resignation, effective January 20, 2025. The announcement coincides with the inauguration of Donald Trump as the 47th President of the United States. In his statement on social media, Gensler described his tenure as “the honor of a lifetime” and reaffirmed his commitment […]

Trump Pushes for New White House Crypto Role

President-elect Donald Trump is advancing a groundbreaking initiative to create a dedicated White House role for cryptocurrency policy. This “Crypto Czar” position is designed to simplify blockchain regulations and establish the U.S. as a global leader in digital asset innovation. The role aims to act as a central bridge between Congress, the SEC, the CFTC, […]

Coinbase to Delist wBTC, Paving the Way for cbBTC as the New Wrapped Bitcoin Choice

Wrapped Bitcoin (wBTC) is an ERC-20 token on the Ethereum network that represents Bitcoin with a 1:1 backing ratio. This structure allows BTC holders to use their assets within the Ethereum-based decentralized finance (DeFi) ecosystem engaging in lending, staking, and trading without having to sell or move their Bitcoin to another blockchain. On November 19, […]

MicroStrategy Raises $1.75 Billion for Bitcoin Acquisition

MicroStrategy recently made another bold move in the crypto world. On November 18, 2024, they announced a massive purchase of 51,780 BTC at an average price of $88,627 per BTC, totaling approximately $4.6 billion. This purchase solidifies their position as the largest BTC-holding company, with a total of 331,200 BTC. Their portfolio’s current value stands […]

Polymarket Whale Loses “zxgngl” $3.6 Million on Mike Tyson Bet

In the world of prediction betting, one well-timed decision can make all the difference. This was certainly the case for “zxgngl”, a whale on Polymarket, who scored an impressive profit by betting on Donald Trump’s victory in the 2024 U.S. presidential election. By buying Trump shares at an average price of 61¢ and later selling […]

DOGE Gains Coinbase CEO’s Backing as a Path to U.S. Economic Freedom

Coinbase CEO Brian Armstrong has shown strong support for the DOGE initiative, describing it as a “once-in-a-lifetime opportunity” to enhance economic freedom in the United States. In his November 17 post on X, Armstrong emphasized that excessive government spending is a significant problem in the U.S. economy and suggested capping federal expenditure at 10% of […]

Donald Trump’s Return: Implications for the Stablecoins Market

As Trump returns to the White House, stablecoin issuers will likely brace for significant changes in the next 4 years. The Trump election could influence the crypto stablecoin market in various ways. In this article about Donald Trump’s return and its implications for the stablecoins market, we will explore Trump’s economic policies and their potential […]

Bitcoin Remains Best Performing Asset of 2024

Bitcoin (BTC) maintained its dominance as the leading asset class for 2024. While the broader market took a beating in Q3, Bitcoin managed to cling to its crown as the best-performing asset class year-to-date. However, its lead has shrunk significantly, marking a sharp stark contrast to the bullish sentiment that prevailed earlier in the year. […]

Bitcoin’s Price Swings: A Week of Market Uncertainty

The famed “Uptober” for the crypto markets and Bitcoin (BTC) in particular hasn’t materialized yet. Historically, October popularly renamed Uptober by crypto enthusiasts has always been a bullish month for cryptocurrencies. Add in the upcoming US elections with both Donald Trump and Kamala Harris leaning pro-crypto, October was poised to deliver fireworks in the crypto […]

Singapore DBS Bank Rolls Out Bitcoin and Ethereum Options to Accredited Wealth Clients

DBS Bank, a leading financial institution in Asia, has made another significant stride into the crypto market. The bank has announced plans to offer its institutional clients over-the-counter (OTC) options trading for Bitcoin and Ethereum, as well as structured notes. This move marks a pivotal moment for the region’s financial industry, signaling a growing acceptance […]

MicroStrategy Doubles Down on Crypto; Now Holds 1.17% of Total Bitcoin

MicroStrategy Doubles Down on Crypto; Now Holds 1.17% of Total Bitcoin MicroStrategy, the corporate titan known for its business intelligence software, has once again made headlines for its bold bet on Bitcoin. The company added another 18,300 BTC to its already impressive stash, bringing its total holdings to a staggering 244,800 Bitcoin. This latest purchase, […]