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Bitcoin Reserves Cover Debt Nearly 6x
The firm’s “BTC Rating” puts coverage at 5.9x with BTC at $74,000 and still about 2.0x even in a severe crash to $25,000.
Business intelligence firm Strategy (MSTR) has…
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Monad Airdrop Farmer Spends All $112K On Failed Trades
A crypto airdrop farmer lost more than $112,000 in newly issued tokens by burning the entire reward on failed blockchain transactions.In crypto, a professional airdrop farmer (or squatter) is a person who interacts with emerging protocols…
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Paxos Acquires Fordefi as DeFi Integrations Accelerate Across Industry
Blockchain infrastructure company Paxos has acquired Fordefi, a New York-based institutional crypto wallet and custody technology startup.Paxos said the deal brings its regulated custody infrastructure together with Fordefi’s multi-party…
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Polymarket Wins US Regulatory Approval
Today in crypto: Polymarket received approval to operate an intermediated trading platform in the United States. The United Arab Emirates introduced a new financial law bringing crypto under regulatory oversight, and crypto projects saw…
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Bitcoin Price Rises Above $89k; Is the Bloodbath Over?
Bitcoin (BTC) price has rallied above $89k on Monday, signaling renewed bullish momentum. The flagship coin flipped bullish amid the last week of November, after a series of heavy liquidations of long traders in the past four weeks.Robust…
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U.S. SEC Issues a No-action Letter to Fuse Crypto Amid Stalling Clarity Act
The United States Securities and Exchange Commission will not press charges against Fuse Energy. The SEC’s Division of Corporation Finance announced on Monday that it will not recommend enforcement action to the commission regarding its…
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Court Says ‘Serious Issue to Be Tried’
While denying any wrongdoing, Maple said that it plans to pursue available remedies aggressively to ensure Core is held responsible.
Core Foundation has issued a…
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DeFi Lending Skyrocket in Q3, Crushing CeFi: Galaxy Reports
Amidst incentives, stronger collateral, and rising prices, DeFi lending surged in Q3, capturing a record 55.7% market share during the quarter.
DeFi lending reached a…
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Chainlink Is ‘Critical Connective Tissue’ for Tokenization
Grayscale has said that Chainlink will be at the center of the next major phase of blockchain adoption, referring to the project as the “critical connective tissue” that links crypto to traditional finance. In a recent research report, the…
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Bitcoin, Interest Rate, and Mining News
Today in crypto: BlackRock’s clients aren’t factoring Bitcoin’s global payments potential into their investment thesis, Peter Schiff says OGs selling to ‘weak’ hands will make future downturns more sever. Meanwhile, a solo Bitcoin miner…
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