News

FBI Links North Korean TraderTraitor Group to $308 Million DMM Exchange Hack

The FBI, in collaboration with Japan’s National Police Agency, uncovers North Korean hacking group TraderTraitor’s involvement in the $308 million DMM exchange breach. Learn more about the investigation and its findings. Key Takeaways North Korea’s TraderTraitor group has been linked to the $308 million DMM exchange hack. The attack involved advanced social engineering tactics, including…

December 27, 20240Comments

ByGabriel Okokhuele Eromonsele

Bitcoin

Vivek Ramaswamy’s Strive Asset Management Proposes Bitcoin Bond ETF for BTC Exposure

Strive Asset Management proposes a Bitcoin Bond ETF to invest in bitcoin-linked convertible securities, targeting companies like Microstrategy. Strive Asset Management Proposes Bitcoin Bond ETF Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has submitted a proposal for a Bitcoin Bond exchange-traded fund (ETF). This ETF aims to provide exposure to bitcoin (BTC) by investing…

December 27, 20240Comments

ByGabriel Okokhuele Eromonsele

Ethereum

Fidelity Outperforms Blackrock as Ethereum ETFs Pull in $117 million

Fidelity’s FETH outperformed Blackrock’s ETHA as the nine-spot Ethereum ETFs pulled in $117 million yesterday. Blackrock’s ETHA and IBIT for the first time in a long time failed to lead inflows in the Bitcoin and Ethereum ETFs. Blackrock was outperformed by Fidelity on both Exchange Traded Funds, a rare occurrence since both ETFs were launched…

December 27, 20240Comments

ByMichael Ndu-okeke

News

Bitcoin ETFs End 4 days of Outflows Pulling in $475 million

Spot Bitcoin ETFs ended a bad run of outflows yesterday recording its first positive balance sheet in four days. The 11 Bitcoin ETFs closed the day pulling $475 million a sharp contrast from the last trading which saw the funds lose $338 million. Seven out of the 11 Spot Bitcoin ETFs recorded transactions for the…

December 27, 20240Comments

ByMichael Ndu-okeke

Altcoins News

Savvy Trader Earns $8.3 Million Profit Trading Perpetual Contracts on Hyperliquid

A smart trader netted over $8.3 million in profits trading perpetual contracts on the Hyperliquid Decentralized Exchange. The trading activity of the trader with an address “0x880” was revealed by Onchain tracker SpotOnChain highlighting the trading details involved and the strategy leveraged by the trader. A smart trader has earned over $8.3M from trading perpetual…

December 27, 20240Comments

ByMichael Ndu-okeke

News

Tether Completes First VC Investment by Injecting $2 million into Arcanum’s Web 3 Fund

Tether, the world's largest stablecoin issuer has officially pivoted into venture capital funding by pouring in $2 million into Arcanum Emerging Technology Fund II. The stablecoin issuing company which holds the highest market share fulfilled its long-term goal of diversification by opening up a new business offer for clients of the company. Arcanum announced the…

December 27, 20240Comments

ByMichael Ndu-okeke

News

Bitwise Files for Bitcoin Reserve ETF Tracking Firms With BTC Holdings

Key Takeaways Bitwise filed for a Bitcoin Reserve ETF to track firms holding 1,000 BTC or more. Eligible firms must have $100 million market caps, $1 million daily liquidity, and low free floats. Unlike traditional ETFs, it weighs firms by bitcoin holdings, capped at 25% for risk management. Bitwise has filed with the U.S. Securities…

December 27, 20240Comments

ByDaniel Nwokolo

News

KULR Technology Adds $21M in Bitcoin to Launch Treasury Reserve Strategy

Key Takeaways KULR Technology purchased 217.18 bitcoin worth $21 million to launch its Bitcoin Treasury strategy. The plan allocates 90% of surplus cash to bitcoin, supporting long-term value preservation. KULR chose Coinbase Prime for custody and wallet services, highlighting the growing institutional adoption of digital assets. KULR Technology Group, a NYSE-listed energy solutions firm has…

December 27, 20240Comments

ByDaniel Nwokolo

Ethereum

Mystery Whale Deposits $417 Million in Ethereum to Aave on Christmas Day

On Christmas Day, a whale transferred 125,000 ETH ($417 million) to Aave, showcasing the platform's growing activity amid DeFi's rapid innovations. 125,000 ETH Moved to Aave Amid Holiday Festivities A significant transaction involving 125,000 Ethereum (ETH), worth $417 million, was made to the decentralized finance (DeFi) platform Aave on December 25, 2024. The deposit, linked…

December 27, 20240Comments

ByGabriel Okokhuele Eromonsele