Blockchain
Bitcoin network activity has reached a 12-month low, with the 7-day moving average of transactions falling to 330,000, marking a 55% drop from the peak of 730,000 transactions recorded earlier. Decline in Protocol Activity and Network Fees Bitcoin transaction fees have stabilized at approximately $500,000 monthly, down
Markets
Coinbase has signed on as the Official Crypto Partner for Aston Martin Aramco’s Formula One team, marking a significant move into the high-speed world of motorsport. The deal, paid entirely in USDC stablecoins, will prominently feature Coinbase’s logo on the halo and rear-wing end plate of the team’
Finance
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has purchased $436.9 million worth of BlackRock’s spot Bitcoin ETF (IBIT), marking a significant investment into digital assets, according to a Friday SEC filing. Strategic Investment Tied to BlackRock’s Expansion The investment occurred shortly after BlackRock obtained a
Markets
Pump.fun, the popular Solana-based memecoin launchpad, has introduced a mobile app for iOS and Android, expanding access to its coin creation, trading, and portfolio management features directly from mobile devices. New Features with Mobile Access The new app enables users to: * Create, buy, and sell memecoins from their phones
Markets
Tether, the company behind the world’s largest stablecoin USDT, has acquired a minority stake in Juventus Football Club, signaling its ambition to bridge digital assets with the sports industry. Pioneering Innovation in Sports Through Blockchain Tether’s latest investment aligns with its mission to integrate digital assets and stablecoins
Finance
Gaorong Ventures, a prominent Chinese venture capital firm, has invested $30 million into HashKey Group, the operator of Hong Kong’s largest licensed crypto exchange. The deal values HashKey at a post-money valuation of approximately $1.5 billion, signaling growing institutional interest in the crypto sector despite regulatory hurdles in
Regulation
Michigan has joined a growing list of U.S. states exploring cryptocurrency investments with a newly proposed bill that could allow the state to allocate funds into digital assets like Bitcoin. House Bill 4087, introduced by state representatives Bryan Posthumus and Ron Robinson, aims to diversify Michigan’s financial portfolio
Finance
Barclays, the global investment bank and financial services giant, has revealed a significant new position in BlackRock’s U.S. spot Bitcoin exchange-traded fund (ETF), IBIT. According to its Q4 2024 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 2,473,064 shares valued at
Blockchain
Ethereum developers have officially released the client software for the upcoming Pectra upgrade on the Holesky and Sepolia testnets, marking a significant step toward the anticipated mainnet launch in April 2024. The release provides consensus and execution layer clients, enabling developers to test and refine the upgrade in a risk-free
Finance
Hashdex Asset Management Ltd., a prominent global crypto-focused asset manager, has introduced the Hashdex Nasdaq Crypto Index US ETF (NCIQ) on the Nasdaq Stock Market. This marks the first multi-asset spot crypto exchange-traded product available to U.S. investors, providing direct exposure to both Bitcoin (BTC) and Ether (ETH) through
NFT
Doodles, one of the most recognizable names in the NFT space, is making headlines with the launch of its own Solana-based token, DOOD, as part of a strategic pivot away from corporate-driven initiatives. The move reflects a broader effort to reconnect with crypto-native enthusiasts while capitalizing on the booming meme
DeFi
The Ethereum staking ecosystem has experienced its first notable decline since May 2023, with the percentage of staked ETH dropping to 27%. This figure marks a return to levels last seen in July 2024, after peaking at 29% late last year. Staking Decline Signals Market Shift As of now, approximately