Cantor and Tether Plan Bitcoin Lending Program

Cantor and Tether Plan

Wall Street giant Cantor Fitzgerald is reportedly collaborating with Tether to develop a multibillion-dollar Bitcoin-backed lending program, signaling deeper ties between traditional finance and crypto. According to a Bloomberg report, the program would allow clients to borrow U.S. dollars using Bitcoin as collateral. It is expected to launch with an initial $2 billion allotment, with […]

Chill Guy Meme Coin Surges to $461 Million Market Cap

Chill guy meme coin

The “Chill Guy” meme, featuring a relaxed cartoon dog, has taken the internet by storm, propelling its associated meme coin ($CHILLGUY) to a market cap of over $461 million since its launch on November 15. The Solana-based coin has climbed 50% in the past 24 hours alone, now trading just under $0.50, according to CoinGecko. […]

Pro-Crypto Shift: Scott Bessent Nominated as Treasury Secretary

Pro-Crypto Shift

Bessent, founder of Key Square Group, has been a close economic advisor to Trump throughout his campaign. His nomination signals a strategic shift towards integrating digital assets into U.S. economic policy, aligning with Trump’s proposal for a strategic Bitcoin Reserve. A Career in Global Finance Born in 1962 in Conway, South Carolina, Scott Bessent graduated […]

Bitcoin ETFs See $1 Billion Inflows as BTC Nears $100K

Bitcoin ETFs see $1 Billion in outflows

The surge follows the launch of options trading on BlackRock’s spot Bitcoin ETF on November 19, a move enabled by the SEC’s recent approval of options for spot Bitcoin ETFs. BlackRock Leads the Pack BlackRock’s iShares Bitcoin Trust (IBIT) attracted the largest share of inflows, bringing in $608 million in a single day, according to Farside Investors. Other top-performing […]

“Chill Guy” Artist Threatens Legal Action, CHILLGUY Coin Tumbles

Chill Guy Artist Threatens

Solana-based CHILLGUY saw its market cap skyrocket by over 400% on Wednesday, reaching a peak of $500 million. However, following Banks’ public denouncement on Twitter, the token plummeted 54% within two hours, falling to $220 million before recovering to $375 million. “Chill Guy has been copyrighted. Like, legally,” Banks tweeted, adding that he plans to […]

Bitcoin Surges Past $97K, $100K Within Sight

Bitcoin surges past $97K

Bitcoin surged to over $97,000 late Wednesday, shattering its previous high of $95,000 in less than an hour, according to CoinGecko data. This rapid price movement triggered a cascade of $100 million in liquidations, with 80% coming from short sellers who bet on a price drop, as reported by CoinGlass. The rally has reignited optimism […]

FTX Co-Founder Gary Wang Avoids Prison

FTX Co founder Gary Wang

U.S. District Judge Lewis Kaplan handed down the sentence on Wednesday, citing Wang’s extensive cooperation with the government’s investigation into FTX’s failure. “You did the right thing,” Judge Kaplan told Wang, according to a report by Inner City Press. “You are entitled to a world of credit.” Wang, who co-founded FTX with Sam Bankman-Fried, played […]

Grayscale to Launch Bitcoin ETF Options After BlackRock’s Record

Grayscale to launch Bitcoin ETF Options

Grayscale’s Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC) will offer options trading to expand the ecosystem for U.S.-listed Bitcoin exchange-traded products (ETPs). The move follows BlackRock’s iShares Bitcoin Trust (IBIT), which made waves with record-breaking options trading activity on its debut, helping push Bitcoin to a new all-time high of $94,041. Expanding Bitcoin ETF […]