In a groundbreaking move, Crypto.com, a Singapore-based cryptocurrency exchange, has successfully secured a unique partnership with the Union of European Football Associations (UEFA) Champions League. This partnership marks the first of its kind, with Crypto.com becoming the official global sponsor of the prestigious football competition. The announcement of this collaboration has sent shockwaves through the
Crypto
Core Scientific, a Texas-based Bitcoin mining company, has recently announced the pricing of an increased offering of $400 million in 3.00% convertible senior notes due in 2029. Originally set at $350 million, the offering size was upsized due to favorable market conditions. The notes are scheduled to settle on August 19, 2024, and will be
As the digital asset market faces a significant downturn in this cycle, investor sentiment remains uncertain. Despite this overarching uncertainty, a recent analysis by Glassnode has unveiled clear indications of a revival in HODLing and accumulation activities among market participants. This shift in behavior is particularly noteworthy, given the volatile market conditions characterized by drastic
Ethereum’s Layer 2 ecosystem has seen a surge in daily transaction volume, reaching a new peak of 12.42 million transactions on August 12. This data points to rapid advancements in scalability, driving user engagement to new heights. The analytics platform Growthepie reported a 140% increase in daily transactions year-to-date, showcasing the growing popularity of Layer
Bitcoin and several altcoins have seen a significant increase in price following the release of better-than-expected core PPI numbers in the United States. This surge in value comes after a period of volatility and price fluctuations in the cryptocurrency market. Bitcoin, the primary cryptocurrency, saw a positive end to the previous business week as it
Coinbase recently submitted a scathing comment letter to the US Securities and Exchange Commission (SEC), highlighting significant flaws in the agency’s cost-benefit analysis of a proposed rule. In the letter, Coinbase argued that the SEC had failed to adequately assess the economic impact of the rule on efficiency, competition, and capital formation. One of the
The once-prominent crypto hedge fund, Three Arrows Capital (3AC), has faced a catastrophic collapse, leading to liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs. TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon, is accused of manipulating the market for Luna and TerraUSD, resulting in artificially inflated prices for these tokens. This
The recent data on US spot Ethereum ETFs reveals that there was a total inflow of $4.9 million on Monday. This marks a positive uptick in investor interest in Ethereum-related investment products. It is important to note that Grayscale Ethereum Trust (ETHE) experienced no withdrawals on this particular day, a notable occurrence considering the previous
The current market conditions are causing significant financial stress for new Bitcoin investors, as indicated by various metrics pointing to a bearish environment. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis highlight the losses that newer market participants are facing on
Sui (SUI) has experienced a significant surge in its price recently, with a remarkable 125% weekly increase. This surge was largely attributed to the launch of Grayscale’s Sui Trust, which provided investors with a familiar product focused on investing in the underlying asset. As a result, SUI is currently trading at around $1, marking a