The Kimchi premium has seen a definite rebound after Christmas, recovering to 3.83% on Dec. 27. While this is still significantly lower than the 5.26% recorded on Dec. 22, it still represents a significant difference in Bitcoin prices between South Korea and global markets. Chart showing the price gap between South Korean and global exchanges […]
Energy company KULR Technology Group unveiled the start of its Bitcoin (BTC) treasury on Dec. 4 by acquiring 217.18 BTC for approximately $21 million, at an average purchase price of $96,556.53 per Bitcoin. As of 2023, KURL registered nearly $11 million in total assets, which makes its Bitcoin treasury roughly twice the number reported last […]
Montenegro’s Constitutional Court unanimously rejected Terraform Labs’ co-founder Do Kwon’s appeal regarding a verdict on his extradition over legal issues, Korea JoongAng Daily reported on Dec. 25. The decision clears the path for Montenegro’s Justice Minister to determine Kwon’s extradition destination, which is now expected to be the US due to the ministry’s established stance, […]
The holiday spirit failed to bring any stability to the crypto market, with Bitcoin seeing its price drop from $97,300 on Dec. 22 to $94,800 on Dec. 24. Christmas Day saw a slight recovery, but Bitcoin consolidated back to $98,000 as it met significant resistance above $99,000. This price volatility was accompanied by equal volatility […]
Decentralized Science (DeSci) is poised for remarkable growth in 2025, fueled by utility memecoins, according to a recent report by MV Global. DeSci involves integrating blockchain technology into scientific research. Its goal is to revolutionize the traditional scientific ecosystem by enhancing transparency, decentralization, and collaboration. The report highlighted that while such a concept is not […]
Bitcoin’s rise and subsequent fall from its new ATH of $108,200 spurred quite a bit of market activity. Last week’s price volatility led to spikes in both spot and derivatives trading, with rising volumes and sky-high liquidations showing the market’s aggressive reaction to the price drop. Looking at trading volumes alone might show a market […]
In yesterday’s preliminary proxy statement with the SEC, MicroStrategy introduced a plan to increase authorized shares from 330 million to 10.33 billion as part of its $42 billion 21/21 Plan. It outlines proposals for a 2025 Special Meeting of Stockholders, including efforts to raise $21 billion in equity and $21 billion through fixed-income instruments, potentially advancing […]
Memecoins dominated 31% of crypto narratives in 2024, according to a report by CoinGecko. This represents nearly 4x growth compared to last year when the theme appeased just 8.32% of investors out of 25 narratives. The rise of memecoins, initially driven by dog-themed coins, expanded into new territories in 2024, including animal- and personality-themed tokens. […]
Crypto investment products experienced $308 million in net inflows last week, marking the eleventh consecutive week of positive movement, according to CoinShares’ latest weekly report. However, the week was not without turbulence. On Dec. 19, the industry recorded the most significant single-day withdrawal of $576 million. This tumultuous activity culminated in nearly $1 billion exiting […]
The EU’s imminent crypto regulations are raising alarms about potential disruptions to market liquidity as exchanges prepare to comply with new requirements under the Markets in Cryptoassets (MiCA) framework, Bloomberg News reported on Dec. 20. The rules, set to take full effect on Dec. 30, mandate the delisting of Tether’s USDT, the world’s most widely […]