Category: News

  • Spot Bitcoin ETFs see highest flow day in over 5 weeks

    Spot Bitcoin ETFs see highest flow day in over 5 weeks

    The $310 million in inflows were led by the BlackRock and Fidelity Bitcoin ETFs, while Grayscale recorded a rare inflow day at $23 million. United States-based spot Bitcoin exchange-traded funds recorded over $310 million in inflows on July 12 — marking its best-performing day since June 5.BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise…

  • OpenAI is building a new AI model under code name 'Strawberry': Report

    OpenAI is building a new AI model under code name 'Strawberry': Report

    Strawberry extends on OpenAI’s Q* project announced last November, which some described as a technical breakthrough allowing for the development of “far more powerful” AI models. ChatGPT maker OpenAI is reportedly building a new AI model called “Strawberry” aimed at making its AI tools reach human-level intelligence through advanced reasoning.Strawberry would effectively scan the internet…

  • Kraken exec expects Ethereum ETF launch to ‘lift all boats’

    Kraken exec expects Ethereum ETF launch to ‘lift all boats’

    Kraken Head of Strategy Thomas Perfumo said spot Ethereum (ETH) ETFs could help the crypto sector while commenting on political developments in the US. On July 12, Perfumo told Bloomberg that spot Ethereum ETFs would attract capital flows while attracting attention to crypto, noting: “It’s a rising tide, lifts all boat story. “ Perfumo further…

  • Northern Data saw revenue drop to €77.5 million, mined 2,298 BTC in 2023

    Northern Data saw revenue drop to €77.5 million, mined 2,298 BTC in 2023

    Northern Data Group reported a net revenue of €77.5 million for the 2023 fiscal year, down from €193.3 million in 2022. The firm’s total income for the period stood at €111.0 million, compared to €249.5 million in the previous year. The company’s adjusted EBITDA stood at negative -€5.5 million, aligning with market expectations, following substantial…

  • Germany runs out of Bitcoin after 23 days of selling

    Germany runs out of Bitcoin after 23 days of selling

    The German government has completely divested its Bitcoin holdings after 23 days of sales, concluding the process it began in late June, according to Arkham Intelligence data. Arkham said the German government transferred the last batch of 3,846.05 BTC — valued at roughly $223.81 million — to Flow Traders and 139Po, which are likely institutional…

  • Square-Enix backs blockchain-based football MMO ‘Soccerverse’

    Square-Enix backs blockchain-based football MMO ‘Soccerverse’

    The game uses the Polygon blockchain and currently runs in most browsers. Soccerverse, the company behind the massively multiplayer online game of the same name, announced a $3.1 fundraise led by Japanese gaming giant Square-Enix on July 11. The game, which is currently available in beta, is a blockchain-based sports simulation similar to the Football Manager…

  • SOL struggles to reclaim $145, but Solana network fundamentals remain solid

    SOL struggles to reclaim $145, but Solana network fundamentals remain solid

    Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160. SOL (SOL), the native token of the Solana network, has been unable to close above $145 since July 3. This lackluster performance can be partially explained by decreased investor interest in cryptocurrencies, which caused the sector’s…

  • German government offloads its final Bitcoin holdings

    German government offloads its final Bitcoin holdings

    The German government officially has zero BTC left after weeks of dumping its reserves onto the market, suppressing the price. Germany’s government offloaded the last of its Bitcoin (BTC) holdings on July 12, according to data from Arkham Intelligence.The final transaction included 3,093 Bitcoin sent to a wallet address ending in “ybVu” and came following…

  • Major crypto projects at risk as Squarespace domain breach unfolds

    Major crypto projects at risk as Squarespace domain breach unfolds

    Malicious actors are targeting several crypto projects with domain names provided by Squarespace. On July 11, Oxngmi, the pseudonymous developer of DeFiLlama, reported that over 100 crypto projects using Squarespace, including Polymarket, Hyperliquid, dYdX, and THORChain, are at risk of being hacked. Blockchain security firm Blockaid confirmed this, stating that an attacker gained control of…

  • Will UK Economic Secretary follow through with a ‘crypto crackdown’?

    Will UK Economic Secretary follow through with a ‘crypto crackdown’?

    MP Tulip Siddiq called for crypto regulation as shadow economic secretary while in the opposition, and now the Labour Party is in control of the UK government. After a landslide election on July 4 favoring the UK Labour Party over the Conservatives, Prime Minister Keir Starmer has started making appointments to the new government, including…