In just a year, the number of Bitcoin millionaires worldwide has more than doubled, with 85,400 people now holding over $1 million in Bitcoin.
SEC labels NFTs as securities, threatening legal action against OpenSea
The U.S. SEC just issued a Wells notice to OpenSea, one of the largest marketplaces for non-fungible tokens, signaling possible legal action.
Rate cuts alone won’t get the job done
While the Federal Reserve’s announcement of interest rate cuts sparked excitement, BitMEX co-founder Arthur Hayes warns that the real impact on Bitcoin may be more complex than it seems.
Bitcoin ETFs up, Ethereum ETFs down
Investors are still heavily investing in spot Bitcoin ETFs in the U.S., but Ethereum ETFs are experiencing withdrawals. Experts say this could be a diverging trend.
Celsius Network distributed over $2.5 billion to victims
Celsius Network successfully distributed over $2.5 billion to a large majority of its creditors as part of the bankruptcy proceedings.
Ethereum Foundation faces backlash over $97 million ETH transfer
The Ethereum Foundation transferred 35,000 ETH in the past days, valued at nearly $97 million.
Shiba Inu DAO on the horizon
Shiba Inu want to launch a decentralized autonomous organization, a DAO that will grant its community greater governance control over the network.
Russia wants to circumvent sanctions with cryptocurrencies
Russia is planning to launch a cryptocurrency trial to facilitate cross-border payments as it seeks ways to navigate around international sanctions.
