Crypto

DeFi Technologies Inc., a leading Canadian financial technology (fintech) company, has embraced Bitcoin (BTC) as its primary treasury reserve asset. This strategic move involves an initial purchase of 110 BTC, which signifies the company’s integration of traditional capital markets with decentralized finance (DeFi). The decision aligns with the broader trend of companies seeking portfolio diversification and alternative revenue streams amid …

The Shiba Inu team has cautioned against a new scam attack targeting community members. These malicious attackers have executed a sophisticated wallet scam that threatens to drain the funds of unsuspecting SHIB investors.    New Scam Attack Targets SHIB Investors Shibarmy Scam Alerts, an X (formerly Twitter) account dedicated to exposing scams within the SHIB community, has issued an urgent warning …

The US Securities and Exchange Commission (SEC) has added a spot Ethereum exchange-traded fund (ETF) application from asset manager ProShares. This development came after ProShares filed a proposal to list and trade spot Ethereum ETF shares on the New York Stock Exchange (NYSE) on June 6. SEC Recognizes ProShares’ Spot Ethereum ETF Filing In a June 10 filing, the SEC …

Ahmad Shadid stepped down as CEO of the Solana-based DePIN Protocol io.net on Sunday. The decision came two days before the launch of io.net’s token, IO. As a result, the crypto community was skeptical of the decision and the former CEO’s past. Solana-Based DePIN Project Changes Management Two days before the IO token launch, Ahmad Shadid announced he was stepping …

On early Tuesday, Bitcoin’s value dropped sharply to $67,900. This marked a decline of over 3.3% from its Monday peak of approximately $71,200.  This downturn coincided with significant changes in the flow of funds within Bitcoin exchange-traded funds (ETFs), which switched to negative flows after 19 consecutive days of positive inflows. Bitcoin’s Price Drops Causes Over $100 Million in Liquidations …

Data shows the Bitcoin whales on cryptocurrency exchanges Bybit and HTX have opened massive long positions at the current price levels. Bitcoin Taker Buy Sell Ratio Has Spiked For Bybit and HTX Recently In a new post on X, CryptoQuant founder and CEO Ki Young Ju has revealed that the whales on the HTX platform have opened large long positions …

Twelve new crypto wallets collectively withdrew 156,733 Ethereum (ETH), worth approximately $574 million, from Coinbase. This transaction occurred at an average price of $3,664 per ETH. However, despite this accumulation, the price of Ethereum has been struggling. Will Ethereum Price Drop 7%? According to data from the on-chain analysis platform Spot On Chain, 11 of these 12 crypto wallets withdrew …

Crypto whales are gearing up for what might be an interesting week for PEPE. On-chain data reveals crypto whales have been busy over the weekend as many look to position themselves before the start of the new week. Amidst this positioning and accumulation, PEPE has shot up as an interesting option for a few whales. Crypto Whales Make Large PEPE …

Bitcoin mining firm Bitfarms has implemented a shareholder rights plan to protect its shareholders’ interests amidst an unsolicited takeover bid from another Bitcoin miner—Riot Platforms. This move follows Riot Platforms’ increased stake in Bitfarms and their offer to acquire all outstanding shares. Bitfarms’ Strategic Defense Amid Hostile Takeover Attempts Bitfarms’ strategy, known as a “poison pill,” aims to prevent hostile …

Shares of video retailer GameStop experienced a notable surge recently, reminiscent of events from 2021. This rise followed an update provided by influential retail trader Keith Gill, known as Roaring Kitty, regarding his significant investment in the stock. The impact extended beyond GameStop’s traditional stock market realm, affecting digital assets as well. The Solana-based meme token GameStop (GME), unrelated to …