Day: October 28, 2024

Arthur Hayes’ Crypto Strategy Amid Election Risks

With the U.S. election just a week away, markets are bracing for potential volatility. Arthur Hayes, Chief Investment Officer of Maelstrom and co-founder of BitMEX, is taking a strategic approach by hedging with Ethena Lab’s USDe stablecoin while keeping significant positions in Bitcoin (BTC), Ether (ETH), and other cryptocurrencies. Hayes hopes to balance short-term election […]

Hong Kong Eyes Crypto Tax Breaks

In a bid to bolster its position as a global digital assets hub, Hong Kong is preparing to introduce policies extending tax incentives to family offices and private funds that invest in crypto assets. By the end of the year, the Special Administrative Region (SAR) aims to provide new incentives for wealthy clients, reinforcing its […]

Metaplanet Bitcoin Holdings Cross 1,000 BTC

Tokyo-based investment firm Metaplanet has achieved a significant milestone, bringing its total Bitcoin (BTC) holdings to over 1,000 BTC after a month of steady acquisitions. The latest addition on Sunday, comprising 156 BTC for $10 million, boosts its total to 1,108 BTC (roughly $69 million). Known as “Asia’s answer to MicroStrategy,” Metaplanet has adopted an […]

Vitalik Buterin Defends Ethereum Holdings

Ethereum co-founder Vitalik Buterin recently took to Twitter to respond to speculation about ETH sales by himself and the Ethereum Foundation. In a Saturday thread, Buterin addressed questions surrounding the Foundation’s transfer of funds to centralized exchange Kraken and clarified the motives behind these transactions, which he said were misunderstood as “dumping” ETH onto the […]