The introduction of cbBTC marks a significant step for Bitcoin holders looking to explore DeFi without needing to convert their holdings into other cryptocurrencies.
The rally in the gold price recently could signal potentially favorable macroeconomic conditions for Bitcoin in the near future following the liquidity infusion from central banks.
With this new burn mechanism, Shibarium is expected to burn 70% of all base transaction fees collected on the network.
Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.
Overall, the huge disparity, in terms of profit, between the old investors and new market entrants serves as proof of the benefits of the long-term strategy for participating in the greatly volatile crypto market.
A growing number of altcoins will lead to a spread of funds across projects, making it harder for the market to stay stable.
Despite the landmark ruling affirming that USDT is property, the court could not validate the plaintiff’s claim that Bitkub had actually received the stolen digital assets after they passed through crypto mixers.
Upbit has listed various altcoins this year, attempting to boost the trading volume on its exchange platform.
US Senator Cynthia Lummis has already proposed the US government purchase 1 million Bitcoin units in the next five years and hold them for the next 20 years to counter the country’s debt crisis.
Tokenized Treasuries have experienced rapid growth, increasing from $769 million in January to more than $2.2 billion by September, driven by rising US interest rates, making government-backed investments highly appealing.
The recent launch of Grayscale’s XRP Trust has added to the positive sentiment surrounding XRP.
Four months ago, Kraken contended the SEC’s interpretation of the Howey Test and asked the court to dismiss the case against it.
BitGo, the firm behind WBTC, announced last week that it would become a minority shareholder in its own project, while Justin Sun and BiT Global will be the majority stakeholders.
Thursday’s inflows represent a sharp turnaround from the previous day’s negative trends across Bitcoin ETFs. Investors appear to be capitalizing on Bitcoin’s price stability around $58,000.
Similarly to MicroStrategy, Marathon appears to be adhering strictly to a “HODL” policy.