Nearly 70% of institutional investors holding Ethereum (ETH) are engaged in staking, with 52.6% of them holding liquid staking tokens (LSTs), according to a Blockworks Research report. Nearly half of institutional investors staking ETH prefer to use only one integrated platform, such as Coinbase and Binance. Meanwhile, 60.6% of the…
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Bitcoin’s hashprice has risen to a two-month high, exceeding $50 for the first time since mid-August, according to data from Hashrate Index. On Oct. 17, the hashprice hit $53.64, marking its highest point since Aug 23. This comes after a significant drop in September, when the hashprice fell to an…
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Worldcoin, the Sam Altman-backed digital identity initiative, announced a major rebrand as World and unveiled ambitious plans to grow its user base to 1 billion people during a keynote address on Oct. 17. The keynote, led by co-founders Altman and Alex Blania, marked a significant shift in the project’s trajectory…
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Montenegro’s Justice Minister Bojan Božović confirmed that a decision had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs. According to local media reports on Oct. 17, the extradition process will be signed by the end of this week. The decision comes after a lengthy legal process…
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Kraken has introduced a new wrapped Bitcoin product, kBTC, to tap into the rapidly expanding sector, according to an Oct. 17 statement. kBTC is a fully-backed, cross-network-compatible ERC-20 token representing Bitcoin. Each kBTC is backed 1:1 by an equivalent amount of Bitcoin, stored securely in Kraken’s custody, with on-chain reserves…
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Former FTX executive Nishad Singh is asking a US federal judge for leniency ahead of his sentencing for his role in the exchange’s collapse. In a memorandum filed on Oct. 16, Singh’s legal team emphasized his cooperation with authorities and the limited nature of his involvement, requesting a reduced sentence.…
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Bitcoin’s recent market activity reveals significant shifts in demand and accumulation patterns among large holders, suggesting potential influences on its price trajectory. The top cryptocurrency’s price surged from around $40,000 in January 2024 to above $70,000 by March before retracing. It has recently begun to again threaten $70,000, coinciding with…
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The FBI arrested the man allegedly responsible for hacking the US Securities and Exchange Commission’s (SEC) X account and using it to make a fake post about the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the US in January. According to a statement by the US Attorney’s Office…
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Bitcoin’s climb to 10-week high driven by institutional interest, whale accumulation Crypto 24 hours ago According to CryptoQuant, a combination of strong institutional demand, increased whale activity, and favorable seasonal factors has created a bullish environment.
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North America has once again claimed the top spot as the world’s most significant crypto market thanks to increased institutional activity in the US, according to an Oct. 17 Chainalysis report. Between July 2023 and June 2024, North America generated $1.3 trillion in on-chain value, representing 22.5% of the global…