Tag Archives: Billion

After a protracted 18-month journey through the intricacies of bankruptcy proceedings, Celsius Network, a beleaguered crypto lender, has successfully concluded the distribution of assets exceeding $3 billion to its creditors. The labyrinthine process of restructuring necessitated extensive collaboration with regulatory authorities, coupled with innovative approaches such as alternative settlement agreements …

According to a recent CoinGecko report, Binance, the world’s largest centralized exchange (CEX) by trading volume, has retained its market leadership position in 2023.  Despite facing increased regulatory scrutiny and undergoing significant leadership changes, Binance maintained a market share of 43.7% and saw its spot trading volume rise to $427.1 …

In an exciting turn of events, the cryptocurrency market is poised to extend its recent comeback, buoyed by a fresh $1 billion injection of capital from Tether, a leading stablecoin issuer. This move comes during a period of aggressive expansion for the stablecoin operator, having already added a staggering $13 …

A notable perspective recently came from the Glassnode co-founders Jan Happel and Yann Allemann, Negentropic on X, who recently shared insights into Bitcoin price dynamics. Notably, the analysts highlighted liquidity as a crucial factor for Bitcoin’s price trajectory. Bitcoin Market On The Brink Of Spike In Volatility Negentropic revealed that …

Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown …

Hedera (HBAR), the open-source Proof-of-Stake (PoS) blockchain network, has made significant strides in the fourth quarter (Q4) of 2023, according to a recent report by Messari. The network’s performance showcased notable growth in key metrics, outpacing the crypto market. Hedera Outpaces Crypto Market With 78% QoQ Increase During Q4 2023, …

A recent report by CoinShares revealed that higher-cost crypto fund issuers in the United States have experienced a significant outflow of $2.9 billion since the new spot Bitcoin ETFs hit the market. Growing Dominance Of Bitcoin ETFs Per the report, while experiencing minor outflows of $21 million last week, digital …

On the widely-used trading platform Robinhood, Shiba Inu, frequently hailed as the “Dogecoin slayer,” has sparked a surge of enthusiasm within the cryptocurrency realm. In a remarkable turn of events, Robinhood amassed a staggering 231 billion tokens within a mere 24 hours, boldly proclaiming its presence in the crypto arena. …

Bitcoin Spot Exchange-Traded Funds (ETFs) have once again garnered the attention of crypto enthusiasts and investors as the products have witnessed a whopping $10 billion in total trading volume in the first three days of trading. Bitcoin Spot ETF Sees Significant Uptick In Day 3 Trading The development was revealed …

The recent attention-grabbing transfer of over 990 million DOGE, valued at around $80 million, has once again propelled the canine-inspired cryptocurrency into the spotlight. The massive Dogecoin transaction, representing around 0.9% of the circulating supply, has prompted fervent discussions within the meme coin community, with speculations emerging about the motives …

According to the latest report, asset management firm Grayscale has been transferring large amounts of Bitcoin to various wallet addresses over the past month. This data revelation comes days after the asset manager’s application to convert its Bitcoin trust to a spot exchange-traded fund (ETF) was approved by the United …

In a landmark move, the US Securities and Exchange Commission (SEC) on Wednesday approved the listing of 11 Spot Bitcoin Exchange-Traded Funds (ETFs), igniting a surge of optimism across the global crypto landscape. This long-awaited decision, following months of anticipation and legal battles, marks a historic moment for the burgeoning …