Author: Giannis Andreou

Michael Saylor: Bitcoin Could Feel ‘Boring’ as Institutions Flood In

Bitcoin’s growing appeal among institutional investors might take away some of the excitement that retail traders are used to, according to MicroStrategy’s executive chairman Michael Saylor. Speaking with Natalie Brunell on the Coin Stories podcast released Friday, Saylor said the reduced volatility that comes with larger institutional participation could make Bitcoin feel less thrilling for […]

FTX Creditors to Receive $1.6B Payout Beginning September 30

The FTX Recovery Trust, which manages the assets of the collapsed crypto exchange, revealed plans for a fresh round of repayments totaling around $1.6 billion. This marks the third scheduled distribution since reimbursements began earlier this year. According to the announcement made Friday, payments will commence on September 30, with creditors expected to see the […]

PayPal Expands PYUSD Stablecoin Across Tron, Avalanche, and More Networks

PayPal is significantly widening the reach of its PayPal USD stablecoin (PYUSD), rolling it out to eight additional blockchains. Seven of these come through a collaboration with LayerZero’s Stargate Hydra bridge. As part of the expansion, a permissionless version called PYUSD0 will be launched. According to LayerZero, PYUSD0 will remain fully interchangeable with PYUSD and […]

XRP and Dogecoin ETFs Break Records With $54.7M in Opening-Day Trades

Two newly launched spot exchange-traded funds (ETFs) tied to XRP and Dogecoin made an explosive entrance into U.S. markets on Thursday, racking up a combined $54.7 million in trading activity within their first day. The REX-Osprey XRP ETF (XRPR), listed on the Cboe exchange, dominated the debut with $37.7 million in volume, according to Bloomberg’s […]

Michigan Advances Strategic Crypto Reserve Legislation

Michigan is moving forward with its proposal to create a state-level cryptocurrency reserve. On Thursday, House Bill 4087 progressed to a second reading and was directed to the Committee on Government Operations. The measure, which updates the Michigan Management and Budget Act, outlines how the state could establish a “strategic crypto reserve.” While the text […]

Crypto fans unveil giant golden Trump Bitcoin statue near U.S. Capitol

A group of memecoin enthusiasts made headlines in Washington, D.C., on Wednesday after installing a towering golden statue of President Donald Trump holding a Bitcoin outside the U.S. Capitol. The display, part of a Pump.fun livestream campaign, was intended as a tribute to the crypto-friendly president. The 12-foot (3.6-meter) structure was placed near Union Square […]

SEC Greenlights First Multi-Asset Crypto ETP in the US, Led by Grayscale

The U.S. Securities and Exchange Commission (SEC) has given the go-ahead for the country’s first cryptocurrency exchange-traded product (ETP) that includes multiple digital assets. The approval allows Grayscale’s Digital Large Cap Fund (GLDC) to begin trading, offering investors exposure to a basket of leading cryptocurrencies. The fund will track five major tokens: Bitcoin (BTC), Ether […]

Is Solana Setting Up Like BNB? Price Action Hints at New Highs

Solana (SOL) could be on the verge of a breakout, with chart patterns suggesting a 20% upside in the short term. Market watchers have noticed that Solana’s trajectory over the past year closely mirrors that of Binance Coin (BNB), which recently blasted to new record levels. According to data highlighted this week, both assets have […]

Binance in Talks With DOJ Over Potential End to Compliance Monitor

Binance is reportedly negotiating with the U.S. Department of Justice (DOJ) to ease conditions from its 2023 settlement, specifically the requirement for oversight by an independent compliance monitor. If successful, this could significantly reduce the regulatory pressure the exchange has faced over the past two years. Citing sources close to the matter, Bloomberg reported that […]