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Bitcoin News
Altcoinbuzz
1d
368
Grayscale Sui Trust Opens to Accredited Investors
- Grayscale Sui Trust is an investment fund investing in Sui, like other Grayscale's trusts.
- It has only been a few months and the fund has already secured $11 million in assets under management.
- The fund is now open to accredited investors who are high net worth individuals.
- Accredited investors are a small percentage of US households with more than $1 million net worth or more than $200,000 in income annually or other specialised knowledge.
- Grayscale charges a 2.5% management fee to manage the Sui Trust fund.
- Investors have a choice to make between buying the Grayscale Sui Trust or going direct and buying the $SUI token.
- For investors who need a licensed product like an IRA or 401(k) plan, Grayscale Sui Trust is the right option.
- Investors who prefer control over their investments and get airdrop benefits should get a Sui-compatible wallet and buy the token.
- Grayscale Sui Trust's opening to accredited investors is bullish for institutional interest.
- It opens up the institutional market and accredited individuals for buying Sui, and is a significant plus for Sui's ecosystem.
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Tokenhell
1d
361
Solana and Ethereum NFT Scammers Charged in $22M Rug Pull Scheme
- Two individuals from California have been charged with orchestrating rug pull scams in the NFT market.
- Gavin Mayo and Gabriel Hay promised investors redeemable NFTs for real-world assets, but instead collected over $22 million and abandoned their projects.
- Rug pulls occur when developers collect money from investors and disappear, leaving investors with worthless tokens.
- If convicted, Mayo and Hay could face up to 20 years in jail for wire fraud.
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Coinjournal
1d
251
Image Credit: Coinjournal
Weekly Price Analysis: Yearly Selloffs Push Prices Lower
- The crypto market experienced a downward trend last week due to yearly profit-taking and the Fed's hawkish stance.
- Bitcoin's price dropped 9.7% but maintained its bullish structure.
- Ethereum's price changed character to trend lower, falling by 15.51%.
- Solana and Ripple also experienced price declines.
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Bitcoinchaser
1d
45
Image Credit: Bitcoinchaser
Join Empire.io Tournaments: 1,500 USDT in Weekly Prizes!
- Crypto casino Empire.io offers weekly tournaments with 1,500 USDT in prizes.
- There are three different tournaments: Wager Wars, Bet Blitz, and Multiplier Madness.
- Players can participate by wagering or betting on eligible slot games.
- Winners can claim their rewards with no wagering requirements.
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2 Likes
Altcoinbuzz
1d
41
Hyperliquid Adds 3x Leverage for $FARTCOIN, Hits $13B Volume
- Hyperliquid has added 3x leverage for $FARTCOIN, allowing users to amplify their exposure to the memecoin.
- Traders can now make bolder moves with 3x leverage, maximizing potential gains or losses.
- Hyperliquid has surpassed $13 billion in volume with the new $FARTCOIN leverage.
- This achievement highlights Hyperliquid's growing popularity and ability to handle high-volume trades.
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Altcoinbuzz
1d
308
Hashdex and Franklin’s Bitcoin-Ether ETFs Approved by SEC
- The SEC has approved the Bitcoin-Ether ETFs proposed by Hashdex and Franklin Templeton.
- Both ETFs will initially hold Bitcoin and Ether, offering investors easy access to these cryptocurrencies.
- The ETFs will be market-cap-weighted, with approximately 80% allocated to BTC and 20% to ETH.
- This approval signifies the increasing willingness of the financial industry to integrate crypto into mainstream investments.
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18 Likes
Blockonomi
1d
308
Image Credit: Blockonomi
Metaplanet Acquires Another 620 Bitcoin: Total Holdings Reach 1,762 BTC
- Japanese investment firm Metaplanet has acquired 619.7 Bitcoin worth $60 million, bringing their total holdings to 1,762 BTC valued at $168 million.
- Metaplanet's average purchase price for all Bitcoin acquisitions is $75,600 per BTC.
- The company reported a BTC yield of 310% in Q4 2023, a significant increase from the previous quarter.
- Metaplanet rebranded as a Bitcoin Treasury company and raised $62 million through bonds for Bitcoin purchases.
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Altcoinbuzz
1d
118
France’s Second-Largest Bank Embraces Bitcoin
- France's second-largest bank, Groupe BPCE, has received approval from the French financial regulator to offer Bitcoin and crypto investment services to its 35 million customers.
- The bank's crypto-focused subsidiary, Hexarq, will provide services such as cryptocurrency custody, buying, selling, and trading against the Euro.
- This move positions Groupe BPCE as a trailblazer in Europe's traditional banking sector and highlights the changing financial landscape.
- By integrating crypto services, the bank aims to meet customer demand and stay ahead of the curve in a fast-evolving market.
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7 Likes
Crypto-News-Flash
1d
259
Image Credit: Crypto-News-Flash
UAE’s Bitcoin Holdings: $40 Billion Rumor Gains Traction
- Rumors suggest that the UAE holds $40 billion in Bitcoin, positioning itself as a major player in the crypto space.
- The UAE's progressive policies towards digital assets and blockchain technology support this speculation.
- The country's strategic approach to diversifying its financial portfolio further strengthens its position in the digital economy.
- The UAE has also introduced AE Coin, a regulated stablecoin aligned with its Government Digital Strategy 2025.
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15 Likes
Crypto-News-Flash
1d
160
Image Credit: Crypto-News-Flash
How High Can Dogecoin Go if Bitcoin Reaches Gold’s $17.73 Trillion Value?
- Dogecoin (DOGE) is expected to reach $3 if Bitcoin (BTC) reaches a market cap of $17.73 trillion, similar to gold.
- Analysts project DOGE to hit between $10 and $23 after outperforming its previous cycles in 2024.
- Bitcoin and Dogecoin have a 97% correlation in the last 30 days, while Ethereum's correlation is 75%.
- DOGE could potentially hit its $10 mark between February 11 and May 7, 2025, according to analyst Dima James Potts.
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9 Likes
Hackernoon
1d
225
Image Credit: Hackernoon
Bitcoin Enthusiasts Are Letting Altcoins Pass by
- Bitcoin gets the most attention while altcoins gain strong momentum.
- BTC dominance falls below 56% as altcoin season begins.
- Altcoins rally due to influx of new money and profit redistribution.
- Regulatory policy changes and Bitcoin's performance will determine altcoin support.
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13 Likes
99Bitcoins
1d
255
Is Bitcoin The Best Christmas Present in 2024?
- Bitcoin (BTC) has had a great year and is expected to perform well in 2025, with the price currently above $106,000 and eyes set on reaching $120,000.
- Top crypto coins that could outperform Bitcoin during the Santa Claus Rally include Solana (SOL) and Sui Network (SUI), which show promising patterns and have potential for growth.
- Solana, the fastest blockchain with 1,500 transactions per second, has flipped Ethereum and Tron in total economic value-locked. It is expected to break out soon.
- Sui Network, focusing on decentralized physical infrastructure networks, is another promising coin. Bitcoin remains a strong choice for any portfolio.
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15 Likes
Silicon
1d
3
Image Credit: Silicon
North Koreans Stole $1.34bn In Crypto This Year
- Hackers linked to North Korea have stolen a record $1.34 billion in cryptocurrency this year.
- The hacks accounted for over half of the total amount stolen in all cryptocurrency hacks.
- North Korea uses the funds obtained from hacking to finance its missile and nuclear programs.
- The hacking activity has slowed down in the second half of the year after a strategic partnership was signed.
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TheNewsCrypto
1d
749
Image Credit: TheNewsCrypto
Former Binance.US CEO Brian Brooks Joins MicroStrategy Board
- Former Binance.US CEO Brian Brooks, Jane Dietze, and Gregg Winiarski joined MicroStrategy’s board of directors on December 20.
- Brian Brooks brings deep regulatory and industry experience to help steer MicroStrategy’s ambitious crypto-driven strategy.
- The new board members will receive $2 million in equity awards, split equally between stock options and restricted stock units.
- MicroStrategy's inclusion in the Nasdaq-100 Index starting December 23 places the company among the top 100 companies on the Nasdaq by market capitalization.
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17 Likes
Cryptopotato
1d
106
Image Credit: Cryptopotato
3 Things That Could Influence Crypto Markets This Week
- Crypto markets are in correction mode, dropping around 13% from their peak last week.
- Economic reports due this week are unlikely to impact crypto markets.
- Initial jobless claims data and GDP data from the Atlanta Fed will be released on Thursday.
- Crypto markets continue to decline with Bitcoin and Ethereum experiencing losses.
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