Polymarket’s CEO Shayne Coplan believes the recent FBI raid and seizure of his devices may have political motives. On Nov. 13, Coplan took to X to express disappointment at the action, suggesting the current administration was making last-minute efforts to target firms linked to political opposition. He emphasized that Polymarket operates as a non-partisan platform, …
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The Digital Chamber of Commerce has urged the US Office of Government Ethics to reconsider prohibiting federal employees from holding crypto. In a Nov. 13 letter to Acting Director Shelley Finlayson, the blockchain advocacy group proposed that the Ethics Office allow federal employees to own a small, limited amount of digital assets. Under current regulations …
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BlackRock’s Bitcoin ETF has accumulated over $3 billion in assets within five days, bolstered by a recent $230 million inflow on Nov. 13. Farside data shows that from Nov. 07 to Nov. 13, the fund attracted a total of $3.09 billion. Other ETFs also saw significant inflows during this period, with Fidelity’s FBTC gaining $582.8 …
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Revolut is expanding the international reach of its digital asset services with the rollout of Revolut X in 30 new countries across Europe. This expansion follows the standalone crypto platform’s launch in the UK in May, where it was designed to cater to both professional and retail crypto traders. Revolut X offers advanced trading features …
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Consistent inflows into ethereum exchange-traded funds (ETFs) suggest growing institutional investor interest in the asset class. Net Inflows Rise on Ethereum ETFs Ethereum exchange-traded funds (ETFs) have witnessed a remarkable surge in investor interest, with five consecutive days of net inflows totaling a substantial $649.3 million. A look at the market shows that the total …
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Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL) is set to expand to Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Blackrock to BUIDL on More Blockchains The Blackrock USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize and first introduced on the Ethereum network in March 2024, will now extend access across several blockchains. BUIDL is a …
In a surprise move this morning, crypto trading platform Robinhood announced that it will add $PEPE to its list of tradeable tokens. Almost immediately afterwards, Coinbase followed suit, marking the first time the largest US crypto exchange has listed a major meme coin since 2021. The news sent shockwaves through the meme coin community and …
On Nov. 1, 2024, bitcoin (BTC) was trading at $69,284 per coin, and since then, its price has climbed significantly. Alongside this climb, many sleeping bitcoins from past years have been stirred into activity. Bitcoin Boom Revives $190 Million This week, bitcoin hit a new peak at $93,483 per coin, and a wave of once-dormant …
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South Korean police arrested 215 individuals, including a Youtube influencer, for their role in perpetrating a $232 million crypto scam. 28 Fraudulent Digital Assets Issued The South Korean police recently arrested 215 individuals implicated in a virtual assets scam that fleeced approximately $232 million (325 billion won) from about 15,000 investors. Victims were entrapped by …
Mara Holdings continues to grow its bitcoin bag despite lower than projected Q3 earnings. Digital Assets Remain Key for Mara Holdings Mara Holdings’ earnings report revealed the company added 8,280 bitcoin to its already existing portfolio of 18,467 bitcoin in Q3. This raised its total bitcoin holding to 26,747 BTC. The latest addition to its …
Popular crypto analyst Benjamin Cowen believes Bitcoin (BTC) could outperform altcoins for the rest of 2024. Cowen tells his 884,400 followers on the social media platform X that the alts could decline further against the flagship crypto asset as Bitcoin’s dominance level (BTC.D) hovers around 60%. BTC.D is the ratio between the market cap of …
HodlX Guest Post Submit Your Post The spontaneous pace of innovative growth in AI technologies over the past few years has continued to provoke a spectrum of reactions, ranging from curiosity and enthusiasm to concern and outright fear. One thing, however, is fairly certain – there is an ongoing global race for AI dominance. On …
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Bitcoin (BTC) perpetual contracts denominated in Tether USD (USDT) show signs of overleveraging, with “open interest to USDT reserve ratio” reaching an all-time high at 0.593 on Nov. 10, according to CryptoQuant data. The firm’s CEO, Ki Young Ju, said the current levels are 2.7x higher than in February when the ratio crossed the dangerous zone …
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Hashkey Group CEO Xiao Feng believes a pro-crypto Trump administration could pressure China to relax its stance on Bitcoin (BTC) and other digital assets. In an interview with the South China Morning Post, Feng expressed his confidence that China’s crypto market will eventually open up, particularly if President Donald Trump and the US Congress adopt …
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Sberbank CEO Herman Gref announced that using cryptocurrencies as a payment method within Russia is currently prohibited by law and is unlikely to be allowed in the near future. Speaking at the “FI day. Blockchain: on the edge of a new financial era” conference in Moscow, Gref clarified that while Russia’s new legislation permits the …
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