Marathon Breaks Revenue Records with $752M Bitcoin Mining Haul as BTC Hits New Heights
Marathon Holdings, previously known as Marathon Digital, has hit a historic milestone, posting its highest-ever revenue from Bitcoin mining thanks to a recent price rally. On May 27, Marathon’s annualized revenue from mining operations surged past $752 million, as per data from CryptoQuant. This marks the company’s most profitable day to date. With its market […]
Binance Unveils a New Look for Launchpool, Enhancing the BNB Ecosystem
In 2024, Binance dominated the exchange-based airdrop market — responsible for a staggering 94% of the $2.7 billion total value distributed via centralized platforms, as reported by CoinMarketCap. BNB holders were major beneficiaries, enjoying access to 21 Launchpool events that distributed $1.75 billion in tokens — all within the Binance app and without trading fees. […]
Ukraine Nears Approval of Strategic Bitcoin Reserve Law
Ukraine appears to be edging closer to officially recognizing Bitcoin as part of its national reserves—an effort that could strengthen its financial footing as the war with Russia continues. According to Yaroslav Zhelezniak, a member of Ukraine’s parliament, the government is in the final phases of drafting legislation that would pave the way for Bitcoin […]
VanEck Submits Proposal for First U.S. BNB ETF
Investment firm VanEck has submitted a request to U.S. regulators to launch an exchange-traded fund (ETF) that would track BNB, the native cryptocurrency of Binance’s BNB Chain, according to official filings. The proposed fund would hold physical BNB tokens and may also allocate part of its holdings to staking through reliable providers, as stated in […]
Former Binance Boss Criticizes Europe’s Slow Crypto Progress
Changpeng “CZ” Zhao, the ex-CEO of Binance, expressed disappointment with Europe’s pace in embracing digital currencies, saying the continent is making little to no progress in this area. During his talk at the Token2049 event in Dubai on April 30, Zhao praised regions like the UAE for being highly supportive of business and crypto innovation, […]
Trump Promises Major Federal Tax Cuts Once Tariffs Are Fully Implemented
President Donald Trump recently announced that federal income taxes could see significant reductions — or even be eliminated — once the new tariff system is fully in place. Posting on Truth Social on April 27, Trump said that the primary beneficiaries of these tax cuts would be Americans earning under $200,000 annually. He also referred […]
Binance Collaborates with Nations on Bitcoin Reserves and Crypto Frameworks, Says CEO
Richard Teng, the CEO of Binance, revealed that the exchange is actively working with several governments on developing national digital asset strategies, including the creation of Bitcoin reserves. In a recent interview with the Financial Times dated April 17, Teng shared that Binance has been approached by various sovereign wealth funds and state authorities seeking […]
US Recession Risk in 2025 Rises Above 61%, Say Traders on Kalshi
The likelihood of a U.S. recession in 2025 has climbed to over 61%, according to traders on the Kalshi prediction market. This surge in pessimism follows a sweeping tariff policy enacted by President Donald Trump on April 2. Kalshi bases its recession criteria on the standard definition—two consecutive quarters of negative GDP growth, as reported […]
XRP ETF: Funds Awaiting SEC Approval
The race for an XRP exchange-traded fund (ETF) in the United States is heating up, with Franklin Templeton becoming the latest asset manager to enter the competition. The firm recently submitted a filing for a spot XRP ETF, joining several other financial institutions eager to launch similar products. Franklin Templeton’s XRP ETF Filing Franklin Templeton’s […]
Trump’s Crypto Summit Won’t Address Taxes, White House Official Confirms
A high-ranking White House official has clarified that President Donald Trump’s upcoming crypto summit on March 7 will steer clear of tax-related discussions, instead centering on reversing the anti-crypto stance of the previous Biden administration. “There won’t be anything about taxes. The crypto space is full of speculation. […] I have no idea where some […]