Day: November 19, 2024

Magic Eden Announces $312M ME Token Airdrop

The ME Foundation revealed on Monday that 12.5% of the total ME token supply, equivalent to 125 million Solana-based tokens, will be distributed to Magic Eden’s community. With a pre-market price of $2.50 per token, the allocation is valued at $312 million. The ME token generation event (TGE) is expected to take place “in a […]

Bitcoin Mining Profits Surge Amid BTC Rally

Bitcoin mining economics improved significantly in early November, according to a Monday report from JPMorgan. The hashprice, a key measure of mining profitability, rose by 29% since the end of October, as Bitcoin’s price rally outpaced growth in network hashrate and transaction fees climbed as a percentage of block rewards. Mining Stocks See a Boost […]

IRS Bitcoin-Seizing MacBook Joins Smithsonian Exhibit

The Department of Justice previously hailed the recovery as its “largest financial seizure ever.” Now, the laptop has been installed in the Smithsonian’s “The Value of Money” gallery, alongside historical artifacts like seashells, tea, stones, and gold, representing pivotal moments in the evolution of money. Ellen Feingold, curator of the National Numismatic Collection, explained that […]

Shaquille O’Neal Settles Lawsuit with Astrals NFT for $11 Million

According to a Monday court filing, O’Neal and associated Astrals entities will provide monetary relief to compensate investors who purchased unregistered securities through the project. The settlement also allocates funds to cover legal fees. Pending court approval, it would bring closure to O’Neal’s NFT-related legal issues, including allegations that he abandoned the project in 2022. […]

MicroStrategy Plans $1.75B Raise for More Bitcoin

The business intelligence and software company disclosed Monday evening that it intends to offer zero-interest senior notes maturing in 2029 to qualified institutional buyers. Proceeds from the offering will fund additional Bitcoin purchases—potentially up to 19,000 BTC—and general corporate purposes. This announcement follows MicroStrategy’s $4.6 billion Bitcoin buy earlier in the day, bringing its total […]

Crypto Fund Assets Hit $138 Billion Amid Investment Surge

A report from European asset manager CoinShares released Monday highlights the extraordinary growth of crypto investment vehicles worldwide. Funds offering exposure to digital coins like Bitcoin, Ethereum, and Solana have seen a surge in investor interest, culminating in an all-time high for assets under management (AUM). Spot Bitcoin ETFs Drive the Boom CoinShares attributes the […]