Key Takeaways Detroit will begin accepting crypto assets for tax payments from mid-2025, making it the largest US city to do so. The initiative aims to modernize public services and improve accessibility for unbanked residents. Share this article Detroit will soon allow residents to pay taxes and other city fees with crypto, becoming the largest…
Key Takeaways Bitcoin’s climb to $80,000 is attributed to strong institutional demand via spot Bitcoin ETFs, rather than retail FOMO. Spot Bitcoin ETFs amassed about $2.3 billion in net inflows shortly after the US presidential elections. Share this article Bitcoin reached $80,000 primarily due to consistent institutional demand through spot Bitcoin ETFs rather than retail…
Key Takeaways BlackRock’s Bitcoin ETF saw a record single-day inflow of $1.1 billion. Total inflows for US spot Bitcoin ETFs reached $1.37 billion during the session. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) recorded $1.1 billion in inflows during a single trading session, marking the largest one-day inflow among US spot Bitcoin ETFs. The…
Share this article Geneva, Switzerland, November 7, 2024 – TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless and efficient cross-chain transfers, TRON-Peg USD Coin expands the possibilities for users to leverage USDC across…
Key Takeaways A former civil servant in a confidential unit has received life sentence for espionage linked to crypto debts. Wang exchanged confidential information for over 1 million yuan in crypto transactions. Share this article A Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to cover crypto…
Key Takeaways BlackRock’s iShares Bitcoin Trust (IBIT) has exceeded its iShares Gold Trust in assets under management. IBIT reached $33.1 billion, attracting massive capital since its launch in early 2024. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its Gold ETF counterpart, the iShares Gold Trust (IAU), in assets under management (AUM). IBIT…
Key Takeaways Tether financed its first crude oil transaction using USDT, marking its expansion into trade finance. The transaction was part of Tether’s strategy to streamline global trade flows with its stablecoin. Share this article Tether’s investment division completed its first Middle Eastern crude oil transaction, financing a $45 million deal between a major oil…
Share this article As the meme coin landscape continues to evolve, SunPump has become a crucial platform within the TRON ecosystem, driving engagement and supporting innovative projects. As TRON’s premier meme coin launchpad, SunPump provides creators with a comprehensive environment to launch and grow their meme coins. Through fostering a vibrant community and attracting high-value…
Key Takeaways Flare and Red Date Technology tested a decentralized identity system in Hong Kong allowing anonymous stablecoin access. The trial used China’s RealDID to verify identities without revealing personal information. Share this article Flare and Red Date Technology have launched a new trial of a decentralized identity system in Hong Kong, allowing Mainland Chinese…
Key Takeaways The SEC has delayed its decision on NYSE’s proposal to list and trade options on Ethereum-based ETFs. The proposal aims to provide investors with a regulated way to hedge or leverage Ethereum price movements. Share this article The SEC has announced a delay in its decision on NYSE’s proposal to list and trade…
