Thailand’s leading cryptocurrency exchange, Bitkub Capital Group Holdings, is gearing up for a major leap. As reported by Bloomberg, CEO Jirayut Srupsrisopa, also known as Topp, revealed plans for an initial public offering (IPO) set for 2025. The move aims to elevate the company’s stature and secure additional funds. Currently, Bitkub is on the hunt for financial consultants to steer the upcoming IPO. The firm’s valuation has seen a significant uptick, now standing at 6 billion baht ($165 million), fueled by trading volumes that outshine those of the 2021 bull market.

In a recent communication with shareholders, Bitkub expressed an interest in listing in Hong Kong to broaden its international appeal. CEO Jirayut emphasized the company’s dedication to pushing boundaries and entering new markets with cutting-edge solutions. This step towards an IPO not only aims to boost Bitkub’s profile but also to attract investors by showcasing its growth potential and commitment to innovation in the digital currency sphere.

Bloomberg

Renowned economist Peter Schiff has been sounding alarm bells recently, cautioning against the current economic optimism and the surging popularity of Bitcoin. He draws parallels to past financial crises and emphasizes the importance of prudent investment choices. Peter Schiff warnings align with those of other experts who suggest that current economic conditions could lead to a crisis even more severe than the one experienced in 2008.

#Powell’s current optimism on the state of the U.S. economy is even more misguided than was Bernanke’s optimism on the economy during the months leading up to the 2008 financial crisis. We are now on the verge of a far more devastating financial and…

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In a groundbreaking development, the local affiliate of the largest open television network in Brazil recently highlighted the significant Bitcoin adoption underway in Rolante, a small town situated in the southern region of the country.

The story of bitcoin adoption in Rolante, Brazil, aired on RBS TV, a Rede Globo affiliate and one of Brazil’s leading mainstream media groups. The news is currently circulating around on the social media platform X.

The catalyst behind this adoption surge is Ricardo Stim, who proposed to Rolante’s merchant association the acceptance of BTC for payments. Stim’s initiative has propelled Rolante to the forefront of Bitcoin adoption, with the town…

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In latest Bitcoin dormant wallets news, a holder who had remained inactive for nearly 12 years suddenly stirred, causing ripples in the Bitcoin community. The wallet, holding a substantial amount of 500 bitcoin, moved its entire stash to multiple new addresses, sparking speculation about potential market impact and the motives behind the transfer.

Dormant Wallets: Inactive for Over a Decade

The dormant wallet, which received its 500 bitcoin in 2012, when bitcoin’s value was a fraction of its current worth, remained untouched until recently. Lookonchain, a platform tracking on-chain data, noted that the wallet last transacted during a time when Bitcoin was priced at a mere $8.

A wallet…

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$1M – $10M MarketCap:

1. Bovineverse (BVT): 121%
2. Shiba Saga (SHIA): 21%
3. Prisma Governance Token (PRISMA): 18%
4. VinuChain (VC): 11%
5. YOUR AI (YOURAI): 10%

$10M – $100M MarketCap:

1. Based Shiba Inu (BSHIB): 54%
2. Zorro (ZORRO): 37%
3. SolChat (CHAT): 23%
4. Doge Eat Doge (OMNOM): 21%
5. Ordibank (ORBK): 17%

$100M – $1B MarketCap:

1. Artrade (ATR): 55%
2. Jito (JTO): 37%
3. MAGA (TRUMP): 34%
4. DigiByte (DGB): 29%
5. Goldfinch (GFI): 27%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Stablecoin issuer Tether has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC worth around $600 million. This latest purchase was revealed through on-chain data rather than an official announcement.

Tether has not publicly disclosed its Bitcoin addresses. However, transactions tracked on the blockchain show 8,888 BTC were recently sent from the crypto exchange Bitfinex to an undisclosed Tether wallet.

The recipient address now holds over 75,000 BTC worth $5.3 billion. In May 2023, Tether first revealed it was allocating a portion of its reserves to Bitcoin, with plans to invest up to 15% of quarterly profits.

“The decision to invest in bitcoin, the world’s first and largest…

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Tether, a major player in the stablecoin market, has made a significant move by adding 8,889 Bitcoin (BTC) to its reserves. This strategic acquisition has increased Tether’s total Bitcoin stash to over 75,000 BTC, valued at more than $5.3 billion. The transaction occurred on March 31, 2024, with Tether receiving the Bitcoin from Bitfinex’s hot wallet, marking a considerable investment of approximately $627 million in Bitcoin. Over the past year, Tether has been actively increasing its Bitcoin reserves, indicating a strong belief in the cryptocurrency’s investment potential. The company’s investments are partly funded by corporate profits and excess reserves from its stablecoin operations.

According to Tether’s CEO, Paolo Ardoino, investing in Bitcoin aligns with the company’s vision of harnessing the cryptocurrency’s strength and potential. Tether’s Q4 2023 attestation report highlights the positive impact of these Bitcoin investments, contributing $2.8 billion to the company’s consolidated reserves. This move not only reflects Tether’s growing embrace of Bitcoin but also its commitment to leveraging the cryptocurrency market to enhance its financial standing and operational resilience.

Arkham Intelligence

Telegram has unveiled a new feature allowing users to purchase in-platform advertisements using Toncoin, as part of its latest user monetization update. The update allocates 50% of ad revenue from public Telegram channels to their respective owners. Users can now promote their channels by spending minimal amounts of Toncoin, with the freedom to select specific channels for their TON-powered ads. Additionally, channel owners can withdraw their rewards without fees, with withdrawal services set to launch on Telegram’s Fragment exchange in the coming weeks.

Telegram CEO Pavel Durov had hinted at this update on his personal channel, revealing that despite channels generating over 1 trillion monthly views, only 10% have been monetized with Telegram ads thus far. Durov expressed optimism about this move, foreseeing a cycle where content creators can either cash out their Toncoins or reinvest them to enhance their channels. The choice of the TON Blockchain was justified by its low fees, high transaction speeds, and record-breaking performance of 100,000 transactions per second during a test in November.

Source

BIGCAP COINS:

1. Fetch.ai: Market Cap of $2.5 Billion.
2. dogwifhat: Market Cap of $4.7 Billion.
3. Bitcoin: Market Cap of $1.3 Trillion.

MIDCAP COINS:

1. Ribbon Finance: Market Cap of $922 Million.
2. cat in a dogs world: Market Cap of $576 Million.
3. Hooked Protocol: Market Cap of $198 Million.

RISING COINS:

1. Chickencoin: Market Cap of $40.4 Million.
2. Grok: Market Cap of $406 Million.
3. Mog Coin: Market Cap of $257 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Legendary investor Tim Draper, renowned for his bold predictions and unwavering faith in disruptive technologies, has once again captured the attention of the digital asset world with astonishing revelations about his historic Bitcoin bet. 

Draper’s recent disclosure sent shockwaves across the community on social media platform X, shedding light on the immense potential and transformative power of Bitcoin. The investor also recently predicted a total Bitcoin takeover, putting a price tag of $250,000 on the digital asset by 2025.

Tim Draper’s Bitcoin Bet

In a candid statement, Draper disclosed that he had invested 300 bitcoin in a startup focused on digital assets, securing a remarkable…

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