Category: Fiat

MicroStrategy Ends 2024 with Massive Bitcoin Buy

MicroStrategy, the U.S.-based business intelligence firm, capped off 2024 by purchasing an additional 2,138 BTC for $209 million. This acquisition brings its total Bitcoin holdings to a staggering 446,400 BTC, solidifying its position as the largest corporate holder of the cryptocurrency. Latest Purchase Details This marks the eighth consecutive week of MicroStrategy bolstering its Bitcoin […]

HyperLiquid Faces Hacker Threats Amid Success

HyperLiquid, a decentralized exchange (DEX) and layer-1 blockchain known for its high-leverage trading, is facing a critical moment. On Monday, a sudden outflow of $60 million in USDC raised alarms, sparking concerns over the platform’s security and stability. The loss, though a fraction of HyperLiquid’s $2 billion in USDC reserves, has drawn scrutiny. Analysts suggest […]

Stablecoins in 2025: Key Trends and Predictions

The stablecoin market in 2024 continued its steady expansion, setting records despite challenges. Leading issuers Tether (USDT) and Circle (USDC) maintained dominance, while experiments with non-USD stablecoins, such as euro-backed options, remained niche with minimal adoption. Notable developments in 2024: However, lingering distrust from past collapses, such as the TerraUSD (UST) failure in 2022, has […]

Spot Bitcoin and Ether ETFs Attract Strong Inflows

On Wednesday, Dec. 11, the 12 U.S. spot Bitcoin ETFs collectively attracted a significant $223.03 million in inflows during the trading session. Leading the inflows was Fidelity’s FBTC, which brought in an impressive $121.90 million, underscoring strong investor confidence in the product. Trailing Fidelity, Ark Invest and 21Shares’ ARKB fund added $52.67 million, while Grayscale’s […]

Florida Bets Big: $1.85B Pension Fund Moves Into Bitcoin

Florida state officials announced a bold move to align with President-elect Donald Trump’s vision for a strategic Bitcoin reserve, revealing plans to invest $1.85 billion of the state’s pension fund into Bitcoin. The decision, led by the Florida Blockchain Business Association (FBBA) and backed by pro-Bitcoin state leaders, aims to diversify the investment portfolio and […]

Hong Kong Eyes Tax-Free Crypto Gains

Hong Kong is advancing its position as a global financial hub by proposing tax exemptions for investment gains on cryptocurrencies and other assets. The Financial Services and the Treasury Bureau outlined the plan in a consultation paper, which seeks to extend capital gains tax exemptions to sophisticated investors, including private funds and family office vehicles. […]

Hong Kong’s ZA Bank Launches Retail Crypto Trading

Hong Kong’s ZA Bank has become the first bank in Asia to offer direct cryptocurrency trading to retail users, enabling seamless trading of top cryptocurrencies in HKD and USD. ZA Bank announced the launch today, marking a significant step in integrating traditional banking services with digital asset trading. A Seamless Trading Experience Through the ZA […]

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

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 […]