The bug resulted in at least $3 million worth of stolen funds, but no user funds were endangered, according to Kraken.
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The value of tokenized US Treasury products has skyrocketed 1,000% since the start of this year, a Coinbase report revealed.
I think we can all agree that’s a crazy statistic, though maybe not that surprising. The two big giants in this space right now are heavyweights, to say the least. You’ve got Franklin Templeton’s onchain government security fund and then you have BlackRock’s BUIDL.
These tokenized products — which include the aforementioned funds — have reached a market cap of $1.29 billion. Per data from rwa.xyz, BUIDL has taken the…
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Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry.
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Bitcoin bears argue that the spot Bitcoin exchange-traded fund (ETF) trade is over, but analysts at Bernstein believe otherwise. Despite early allocations driven by retail investors, institutional involvement is poised to grow as ETFs gain approval at major financial institutions by Q3 or Q4 this year. The analysts see the institutional basis trade as a “trojan horse” for wider adoption, with investors now evaluating “net long” positions due to improving ETF liquidity.
Bernstein highlights that the institutional share in spot Bitcoin ETF participation is only 22%, but this is expected to rise. Financial advisors are beginning to allocate more to Bitcoin ETFs, and new FASB guidelines are facilitating corporate adoption. The increased use of Bitcoin as a treasury reserve asset is predicted to drive demand, with companies like MicroStrategy and Block leading the way.
The analysts expect Bitcoin ETF inflows to accelerate in Q3/Q4, providing new entry levels for institutional demand. They have raised their price target for Bitcoin to $200,000 by the end of 2025, with a long-term goal of $1 million by 2033, supported by unprecedented demand and strategic investments by major asset managers like Blackrock.
Despite Bitcoin’s block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability.
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Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller.
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Former president Donald Trump is doubling down on his pro-Bitcoin stance, arguing that the USA must lead in Bitcoin and crypto or risk falling behind. Trump has emerged as a vocal Bitcoin advocate while campaigning for the 2024 election.
Trump became the first US president to accept Bitcoin lightning payments and oppose central bank digital currencies. On the campaign trail, he has promised to keep regulators away from Bitcoin if elected.
Yesterday in Wisconsin, Trump further declared he will “end Joe Biden’s war on crypto” to secure America’s future. He added new comments that “We will ensure that the future of crypto and the future of Bitcoin will be made in America, otherwise other…
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$1M – $10M MarketCap:
- PunkAI (PUNKAI): 58%
- PUMLx (PUMLX): 57%
- Imaginary Ones (BUBBLE): 20%
- Dovi (DOVI): 20%
- FreeBnk (FRBK): 18%
$10M – $100M MarketCap:
- Beercoin (BEER): 31%
- Biaoqing (BIAO): 25%
- ALEX Lab (ALEX): 24%
- Grok ($GROK): 19%
- Stader (SD): 18%
$100M – $1B MarketCap:
- Convex Finance (CVX): 45%
- Degen (Base) (DEGEN): 25%
- Mog Coin (MOG): 21%
- Non-Playable Coin (NPC): 20%
- MAGA (TRUMP): 18%
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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The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations.
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