In this week’s edition of the weekly recap, Token2049 organizers postponed the Dubai edition until 2027 citing safety concerns from escalating Iran-Israel-U.S. tensions, Robinhood reported February crypto notional volumes increased 9% to $25 billion and the Ethereum Foundation published a formal mandate establishing its role as steward of a censorship-resistant, privacy-first protocol. Summary Token2049 Dubai…
Velotrade, a Hong Kong-based firm founded by former institutional derivatives traders from JPMorgan and Dresdner Kleinwort, has unveiled its funded trading platform that provides traders with capital while sharing profits based on performance, according to a Friday statement. Crypto proprietary trading is a model that allows traders to trade digital assets using capital provided by…
A company affiliated with President Donald Trump’s branded crypto is offering investors a second chance to secure a seat at the table. Literally. Holders of the TRUMP crypto coin are vying for an invitation to an exclusive Mar-a-Lago crypto event scheduled for April 25, where the President himself is billed as the keynote speaker. The…
Due to the resemblance to the mathematical constant π (3,14), March 14 is well known as Pi Day within the vast project community. Consequently, all eyes were on the protocol yesterday, with multiple posts online highlighting the event. The Core Team also made a highly anticipated statement, with the co-founders praising it on the seventh…
Summary Spot Bitcoin ETFs recorded $180.4M inflows on March 13, led by BlackRock’s IBIT with $143.6M and Fidelity’s FBTC with $23.2M. Analyst Ali Martinez said Bitcoin has entered a low-resistance zone, with little resistance until $82,045 and key support at $66,898. A chart shared by Michaël van de Poppe shows BTC forming higher lows near…
The Ethereum Foundation announced today it executed an OTC sale of 5,000 ETH to Bitmine, the largest Ethereum treasury firm led by Thomas “Tom” Lee. 0/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC. For this sale, our OTC counterparty was @BitMNR. —…
The European Central Bank has sounded the alarm on stablecoins, warning that dollar-pegged digital assets pose serious risks to eurozone banks and monetary sovereignty. As ECB stablecoin battle continues, in an exclusive chat with 99bitcoins.com, Jay Kurahashi-Sofue, CMO of stablecoin liquidity layer Eco, said, “At this point, the cat is out of the bag.” In…
Meanwhile, Russia reportedly became the first country to send aid to Iran since the war began. Bitcoin’s price moves continue to be quite muted despite the most recent developments on the rapidly increasing Middle East tension. After today’s big strikes against a key Iranian island, Trump urged numerous countries to send military ships to…
XRP transactions jump 3x year-over-year, but price stays muted as daily network activity surges from approximately 1 million to nearly 3 million transactions. Summary XRP Ledger activity surged to nearly 3M daily transactions. Growth is driven by RWAs, stablecoins, and institutional flows. XRP price remains muted, down 39% year-over-year. The ledger data from XRPScan shows…
The US Securities and Exchange Commission has agreed to dismiss its civil fraud lawsuit against Nader Al-Naji, the founder of the BitClout blockchain project, now DeSo, according to a joint stipulation filed this week in the Southern District of New York. The SEC originally filed the lawsuit in July 2024, accusing Al-Naji of conducting an…
