Author: Digicoinvision
The United Arab Emirates (UAE) holds about $700 million in Bitcoin, which has been accumulated mostly from mining operations, according to the blockchain analytics platform Arkham Intelligence.Arkham said in an X post on Monday that it has become one of the first to publicly identify the UAE government’s wallets, finding that their wallet addresses hold about 6,300 Bitcoin (BTC). The Bitcoin was mined through Citadel Mining, which is majority owned by the UAE government-owned conglomerate, the International Holding Company (IHC). “Unlike the US and UK, the UAE’s holdings do not come from police asset seizures but from mining operations with Citadel…
Crypto exchange Kraken met with the US Securities and Exchange Commission’s Crypto Task Force on Monday to discuss the tokenization of traditional assets and a tokenized trading system. A memorandum filed on Monday noted that SEC staff met with four representatives of Payward, Inc., Kraken Securities LLC, and two from the law firm Wilmer Cutler Pickering Hales and Dorr LLP. The agenda was to discuss the tokenized trading system, the regulatory framework and legal requirements for operating the system and the potential benefits of tokenization.The SEC memo states that it met with Kraken on Monday. Source: The SEC.Kraken’s SEC meeting came at…
Sharps Technology has announced a $400 million private placement to fund a solana-focused digital asset treasury strategy. The move would make Sharps one of the largest corporate holders of SOL, aligning with solana’s rapid growth and institutional adoption. $400 Million Solana Treasury Strategy in the Works for Sharps Technology Sharps Technology, Inc. (Nasdaq: STSS) has […]
The last one and a half months have seen great progress for Ethereum research, and we are excited that the protocol is moving closer and closer to the point where it is ready for mainstream adoption. Progress on consensus algorithms, privacy, zero knowledge proofs and formal verification is happening at increasing speed, and our research and development teams are expanding substantially. After three years of trying to find solutions to the “nothing at stake” and “stake grinding” attacks, we have decided that the problem is too hard, and secure proof of stake is almost certainly unachievable. Instead, we are now…
Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex.Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin (BTC) dominance dipped 6% over the past 30 days.Bitcoin dominance stood at 58.58% at the time of publication. Source TradingViewBitfinex analysts said in a markets report on Monday that they don’t anticipate a “‘rising tide lifts all boats’ environment” until later in the year when inflows into Bitcoin products regain momentum and new investment vehicles for altcoins are introduced.”They…
Dogecoin started a fresh decline below the $0.220 zone against the US Dollar. DOGE is now consolidating and might dip further below $0.2050. DOGE price started a fresh decline below the $0.220 level. The price is trading below the $0.2150 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.2160 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it stays above the $0.20 zone. Dogecoin Price Dips Again Dogecoin price started a fresh decline after there was a close…
Join Our Telegram channel to stay up to date on breaking news coverage Crypto giants Galaxy Digital, Multicoin Capital and Jump Crypto are joining forces to raise $1 billion and form a Solana treasury company. According to an Aug. 25 Bloomberg report that cited sources familiar with the matter, the three companies aim to create the largest SOL treasury firm. They have also tapped Cantor Fitzgerald, who has over $14.8 billion in assets under management (AUM), as the lead banker. As part of the planned treasury, the three companies will look to buy out a company that is already publicly…
The market’s leading cryptocurrency, Bitcoin (BTC), has recently attempted to stabilize around $112,000 after experiencing a sharp decline to $110,000 on Sunday, meaning a 10% drop from all-time high (ATH) levels. Ahead of the Federal Reserve’s (Fed) September meeting, market expert Doctor Profit highlighted on X (formerly Twitter) the upcoming implications and the most important technical indicators that paint a bleak picture for Bitcoin (BTC) and the broader market. Fed Rate Cut To Trigger A New Market Correction? Doctor Profit emphasized that the current market environment is markedly different from previous cycles. He believes that the anticipated rate cut by…
Key Takeaways Mantle dropped 8.4% as Daily Active Addresses shrank. Derivatives traders dominated with 69% longs and a positive Funding Rate, while heatmaps flagged both downside risk and rebound potential. Mantle [MNT] continued to decline in the past day, recording an 8.45% drop in price, falling to $1.14. AMBCrypto’s analysis showed a divide: on-chain metrics looked bearish, but derivatives traders kept adding longs. On-chain users are exiting On-chain activity showed that investors are not aligning with the rally, instead choosing to exit the market. At press time, Daily Active Addresses fell sharply. Artemis data showed active users dropped to 10,700,…
ETHzilla has approved a $250 million stock repurchase program while disclosing $489 million worth of ETH holdings. The company plans to stake its ETH through a proprietary yield protocol, highlighting its dual strategy of shareholder returns and blockchain-driven growth. $250 Million Buyback Launched by ETHzilla as ETH Holdings Near $500 Million ETHzilla Corporation (Nasdaq: ETHZ) […]