Crypto Lender Nexo Sponsors Europe’s Premier Golf Tour for Eight-Figure Sum
Crypto lender Nexo signed a three-year sponsorship with DP World Tour, Europe’s foremost golf competition, for more than $10 million in a deal that see will the company become the tour’s official digital asset and wealth partner through 2027. A spokesperson for the company declined to give a specific...
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Public Companies Buy More Bitcoin Than ETFs for Third Consecutive Quarter
Publicly traded companies are rapidly building bitcoin (BTC) reserves, buying more of the largest cryptocurrency than U.S. exchange-traded-funds (ETF) for the third straight quarter, according to CNBC. Corporations increased their bitcoin holdings by about 18% in the three months ended June 30, adding roughly 131,000 BTC. The ETF holdings...
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Deutsche Bank’s DWS, Galaxy, Flow Traders Venture to Introduce German-Regulated Stablecoin
A joint venture between Deutsche Bank’s (DBK) asset management subsidiary DWS, Flow Traders and Galaxy (GLXY) said it will issue Germany’s first regulated, euro-denominated stablecoin after receiving an e-money institution (EMI) license from the Federal Financial Supervisory Authority (BaFin) this week. The AllUnity EURAU stablecoin, which will comply with...
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Crypto’s killer app is the first 60 seconds: Fix onboarding or forget adoption | Opinion
Ecosystems with the shortest gap between “discover” and “first on-chain action” grow the healthiest long-term cohorts....
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Bitcoin breaks through $107,000, is the stagnant period over?
Bitcoin recently broke through the $107,000 mark, surging for the first time after days of mostly stagnant price movements. The surge can be attributed to the aggressive institutional accumulation of BTC or to the victory lap often associated with July.…...
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SEI price tests key support after 80% breakout — are bulls ready for another push?
SEI price has retreated after a recent 79% rally and is now testing a key support level, with technicals signaling potential for further upside. After a clean and explosive breakout from a descending channel on June 20, Sei (SEI) price…...
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Cipher Mining Stock Is Up Over 6% In Wednesday’s Pre-Market: What’s Going On?
Cipher Mining, Inc. (NASDAQ:CIFR) shares rose in Wednesday’s pre-market session as the company scales up its Bitcoin (CRYPTO: BTC) mining operations. What happened: Cipher’s Black Pearl facility in Texas commenced operations last week with an initial hashrate of 2.5 exahashes per second (EH/s), with Phase I projected to reach...
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Ethereum’s short-term outlook weakens amid rising exchange inflows and falling open interest
Ethereum’s recent rally may be losing momentum as exchange inflows rise and derivatives data point to softening market support. Nearly 100,000 ETH, or about $250 million, were deposited into Binance in two sizable waves, as per a July 1 analysis…...
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Bitwise NEAR Staking ETP makes Xetra debut today
Bitwise has launched a new exchange-traded product on the Deutsche Börse Xetra. The ETP offers investors exposure to AI-based blockchain NEAR with staking benefits. According to a press release sent to crypto.news, the crypto asset manager has launched its first…...
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Connecticut passes law blocking the state from creating a Bitcoin reserve
Connecticut has officially passed a law that restricts the state government from accepting, holding, or investing in virtual currency, effectively banning the creation of a cryptocurrency reserve. On June 30, Governor Ned Lamont signed House Bill 7082 into law, following…...
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