The crypto economy experienced a significant downturn, with total market capitalization dropping nearly 7% from $4.124 trillion to $3.842 trillion by Aug. 30. ETH, BTC, and XRP See Steep Drops The crypto economy closed the week on a downturn, with the total market capitalization plunging nearly 7% from $4.124 trillion to $3.842 trillion by Aug….
California Gov. Gavin Newsom says he’s “about to put out” a satirical meme coin dubbed “Trump Corruption Coin,” a jab he floated during a podcast interview with journalist Kara Swisher as part of his broader online mockery attempts at President Donald Trump’s brand and crypto forays. Newsom Mulls Meme Coin Launch In the conversation, Newsom…
Yesterday, Bitcoin’s total hashrate ran hot, topping out at 986 exahashes per second (EH/s); since then, it has leapt into the 1 zettahash range (ZH/s). If that computational might holds, the zettahash era could become a normal fixture going forward. Zettahash Vibes: Bitcoin Hashrate Roars to a One-Sextillion-Hash Pace Bitcoin’s hashrate is humming at a…
On Friday, bitcoin and ethereum exchange-traded funds (ETFs) bled $291.28 million in net redemptions, capping the week with a bruising close. ETF Exodus Caps a Bruising Week Statistics gathered from sosovalue.com show U.S. ethereum-focused ETFs logged $164.64 million in net withdrawals to finish the week. The day’s biggest pullbacks came from the Grayscale Ethereum Mini…
Ethereum traded between $4,341 and $4,357 on Saturday morning with a market cap of $524 billion and a 24-hour trading volume of $30.02 billion. The intraday price ranged between $4,279 and $4,408, reflecting continued volatility within a narrow descending channel amid bearish pressure. Ethereum On the daily chart, ether continues to trace a downtrend after…
South Korea is now in the corporate bitcoin adoption race. Bitplanet, a newly rebranded financial firm, has announced the country’s first institutional-grade bitcoin treasury with a $40 million BTC allocation. The news was revealed at Bitcoin Asia 2025 in Seoul by Paul Lee, Co-Founder and Managing Partner of Lobo Ventures, who called it a game-changer…
Australian Bitcoin miner IREN has declared fiscal year 2025 its “breakout year,” reporting a surge in revenue from $187.2 million to $501 million and reversing a prior net loss to a record $86.9 million in profit. CEO Highlights Operational Expansion IREN, an Australian Bitcoin miner, has described the financial year ending June 30, 2025, as…
Gewan Holding, part of Abu Dhabi’s NG9 Holding, has partnered with decentralized infrastructure pioneer Iopn to accelerate the development of sovereign AI, blockchain and digital identity solutions in the United Arab Emirates. Introducing Project ATLAS The United Arab Emirates (UAE) conglomerate Gewan Holding has partnered with Iopn, a pioneer in decentralized infrastructure, in a collaboration…
Cook was fired by Trump on Monday after the president’s Director of the Federal Housing Finance Agency accused her of mortgage fraud earlier in the month. Much-Anticipated Hearing in Lisa Cook’s Trump Lawsuit Fails to Deliver Fireworks Many were anticipating some sort of ruling by Judge Jia Cobb on Friday after U.S. Federal Reserve Governor…
Otavio Costa, an economic strategist, recently highlighted that the U.S. treasuries had been displaced by gold to become the main reserve asset held by central banks around the world. Costa believes that this might precede a major economic rebalance. Gold Defeats U.S. Treasuries as Reserve Asset: What Comes Next? The world is experiencing an economic…
