Ethereum, the second-largest crypto asset, has been in a strong uptrend over the past week, rallying alongside the broader market. While much of the uptick has been tied to positive investor sentiment and favorable U.S. regulatory outlook, new data points to another key driver. According to a July 16 Matrixport report, nearly all of Ethereum’s recent…
Grayscale Investments has confidentially submitted an S-1 registration with the SEC, joining a growing roster of crypto firms pursuing IPOs as BTC continues to hit new ATHs. Grayscale Investments, known for its flagship products the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE), has taken a major step toward going public by confidentially submitting a…
PayPal co-founder Peter Thiel recently bought a 9.1% stake in Fundstrat’s Ethereum Treasury company, Bitmine Immersion Technologies, according to a recent SEC filing. The filed SEC document revealed that Peter Thiel has acquired 9.1% of the total shares to BMNR. BMNR is the trading stock of BitMine Immersion Technologies, a crypto mining firm led by…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For most of its history, decentralized finance and traditional finance have been at odds. Positioned as opposing forces, one claimed transparency, permissionless access, and composability, while the other relied on regulation, scale,…
GameStop, the American video game retailer, will consider accepting cryptocurrencies as payment for trading card purchases, according to the company’s CEO, Ryan Cohen. During his latest appearance on CNBC’s Squawk Box, Cohen said the company is exploring the use of crypto for payments in its collectibles segment, particularly for trading cards. “There’s an opportunity to buy…
The crypto market slid lower on July 16 as rising U.S. inflation data dampened expectations of a Federal Reserve rate cut, while some investors locked in profits following recent gains. According to data from CoinGecko, the total crypto market capitalization fell to $3.78 trillion, down from around $3.91 trillion over the past 24 hours. Bitcoin…
Aave is trading near a key resistance level after steady gains in recent weeks as on-chain metrics surge. At press time, Aave (AAVE) is priced at $329, up 6% over the past 24 hours and 18% over the last month. Despite this momentum, the token still trades about 50% below its all-time high of $661…
The native token of Solana-based meme coin platform Pump.fun surged nearly 20% on July 16, briefly reaching a new all-time high following the launch of a large-scale buyback campaign. After reaching a high of $0.00681, PUMP is trading at about $0.0063 at the time of writing, up about 14% on the 24-hour timeframe. The rally…
Bitcoin has retraced slightly after hitting a new all-time high near $123,000 as miners appear to be locking in profits. Bitcoin (BTC) has dropped roughly 5% from its most recent peak and is trading at about $117,538 as of press time. Although there is still some momentum overall, there are signs of short-term pressure beginning…
Cantor Fitzgerald is reportedly in talks with Adam Back co-founded blockchain company Blockstream, to acquire over $3 billion in Bitcoin through a SPAC deal. According to multiple news reports citing unnamed sources, Blockstream is expected to contribute up to 30,000 Bitcoin to Cantor Equity Partners 1, a special purpose acquisition company (SPAC) that raised $200…
