Stablecoin Searches Hit All-Time High Amid Explosive Market Growth
Public interest in stablecoins has reached an all-time high this month, according to Google Trends, as the sector experiences explosive growth. Recent regulatory clarity, soaring issuance, and increasing institutional involvement are all driving the trend. The last time stablecoins saw such attention was back in May 2022, when the TerraUSD (USTC) collapse sent shockwaves through […]
Rakbank Becomes UAE’s First Traditional Bank to Enable Retail Crypto Trading
The National Bank of Ras Al Khaimah (Rakbank), a state-backed financial institution in the UAE, has made history by becoming the first traditional bank in the country to provide retail customers with access to cryptocurrency trading. In a statement released on Tuesday, Rakbank unveiled its new crypto brokerage feature integrated directly into its mobile app. […]
Corporations Now Hold 1% of Ethereum Supply
Institutional interest is increasingly shifting toward Ethereum, with corporate entities accumulating ETH at a pace surpassing that of Bitcoin, according to a recent report by Standard Chartered. Since early June, companies managing cryptocurrency treasuries have acquired roughly 1% of Ethereum’s total circulating supply. This marks a notable acceleration in Ethereum purchases compared to those focused […]
Crypto Investment Products Attract $1.9B as Ether Outperforms Bitcoin
Digital asset investment products continued to see strong investor interest last week, recording their 15th consecutive week of inflows—even as Bitcoin saw a slight pullback. According to a Monday update from European digital asset manager CoinShares, cryptocurrency exchange-traded products (ETPs) pulled in $1.9 billion during the week ending July 25. This came despite sharp market […]
Metaplanet Bolsters Bitcoin Holdings with 780 BTC, Total Now Tops 17,000 Coins Worth Over $2B
Japanese investment firm Metaplanet has expanded its Bitcoin portfolio by acquiring an additional 780 BTC, strengthening its position as the only non-U.S. entity among the top ten corporate Bitcoin holders worldwide. The company revealed the purchase on Monday, stating that the newly acquired Bitcoin was bought at an average price of ¥17,520,454 per BTC (roughly […]
Strategy Holds Off on Bitcoin Purchases Amid Expanded Equity Offering
Strategy, led by Michael Saylor and known as the largest publicly traded holder of Bitcoin, made no Bitcoin acquisitions last week, despite increased market movement following the cryptocurrency’s new all-time high in mid-July. According to a filing submitted Monday to the U.S. Securities and Exchange Commission (SEC), Strategy’s Bitcoin reserves stayed steady at 607,770 BTC. […]
Early Bitcoin Whale Offloads 80,000 BTC via Galaxy Digital in $9 Billion Deal
An early adopter of Bitcoin has sold a staggering 80,000 BTC — valued at over $9 billion — through Galaxy Digital, marking one of the largest known crypto transactions to date. While the timing and price details remain undisclosed, Galaxy confirmed the sale in a press release and a subsequent blog update late Friday. Though […]
Ether ETFs See $453M in Daily Inflows, Extend 16-Day Streak
U.S.-listed spot Ethereum ETFs continued their impressive momentum on Friday, raking in $452.72 million in net inflows and stretching their winning streak to 16 consecutive trading days, according to figures from SoSoValue. BlackRock’s iShares Ethereum Trust (ETHA) remained the top performer, accounting for the lion’s share with $440.10 million in net daily inflows. With this […]
Solo Bitcoin Miner Earns Over $370K for Single Block Win
Against all odds, an independent Bitcoin miner has successfully mined a block, earning a reward currently worth $372,773. The achievement occurred on Saturday through the Solo CK mining pool, a platform catering to individual miners. The miner managed to validate block number 907283, which included 4,038 transactions and an additional $3,436 in transaction fees. With […]
Ether ETFs Overtake Bitcoin for Sixth Consecutive Day Amid Surging Interest
For six trading days in a row, U.S. investors have favored spot Ethereum exchange-traded funds (ETFs) over their Bitcoin counterparts — a rare trend that signals growing institutional appetite for ETH. According to data from Farside Investors, spot Ether ETFs attracted nearly $2.4 billion in net inflows during this period, compared to just $827 million […]