Category: Fiat

White House Rehires Pro-Crypto Advisor: A Policy Shift?

Biden Administration’s renewed engagement with crypto policy, the White House has rehired Carole House, a cybersecurity advisor who previously guided the president on his 2022 crypto-focused executive order. House, who advised President Joe Biden from 2021 to 2022 as a director on the National Security Council with a focus on cybersecurity and digital innovation, is […]

Riot Abandons Bitfarms Takeover: What’s Next?

Bitcoin mining giant Riot has announced its decision to abandon a months-long hostile takeover attempt of the Canadian mining firm Bitfarms—at least for now. Facing staunch opposition from Bitfarms and the implementation of a “poison pill” defense strategy by Bitfarms’ shareholders, Riot has decided to withdraw its bid to acquire Bitfarms at $2.30 per share. […]

Power Play: Hut 8 Nets $150M to Conquer AI—What’s Next?

North American Bitcoin mining firm Hut 8 has made headlines with a significant financial milestone, announcing a $150 million strategic investment from Coatue. This investment, structured as a convertible note, is set to catalyze Hut 8’s ambitious expansion into the AI infrastructure market. As the demand for AI compute capacity continues to rise, outstripping the […]

Australia Embraces Bitcoin ETFs with ASX’s Latest Listing

Australia’s investment landscape took a significant leap forward with the listing of its first spot-bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) this Thursday. The launch of the VanEck Bitcoin ETF (VBTC) marks a notable advancement in the country’s crypto investment options, as ASX dominates about 90% of Australia’s equity market. VBTC […]

Canada Proposes First North American Solana ETF

The landscape of cryptocurrency investment is poised for further expansion with the recent proposal for a Solana ETF in Canada. 3iQ, a prominent Canadian investment fund manager, has filed to launch The Solana Fund (QSOL), marking it as potentially the first Solana exchange-traded product in North America. This announcement comes on the heels of the […]

Pantera Capital’s $100M Bet on Bitwise Ethereum ETF

Crypto index fund manager Bitwise Asset Management revealed that Pantera Capital Management LP plans to invest $100 million in shares upon the SEC’s approval of trading for the Bitwise Ethereum ETF. This information was disclosed in a revised S-1 registration form submitted to the Securities and Exchange Commission (SEC), detailing the readiness for the potential […]

Jump Crypto Invests Heavily in Pro-Crypto PAC for 2024 Elections

Jump Crypto has significantly increased its investment in a political action committee (PAC) dedicated to promoting pro-crypto candidates in Congress, with a new $10 million contribution. This brings the total donation from the Chicago-based investment firm to $15 million. As of Wednesday, this funding boost has helped the affiliated PACs, including Fairshake, amass nearly $169 […]

Turbulence in U.S. Bitcoin ETF Markets Amid Price Fluctuations

The U.S. spot Bitcoin ETFs have experienced significant net outflows, totaling nearly $300 million in just the past two days. This financial movement coincides with Bitcoin’s price fluctuations, as it recently rebounded to $65,000 after a brief dip. According to SoSovalue, a data analytics platform, the outflows in the last two days reached $298 million. […]