Tag Archives: AA News

Fundstrat Head of Research Tom Lee believes hopes of a Trump election victory in November could boost asset prices – and that includes Bitcoin. “When the market becomes more convinced of that, you’ll see cyclicals, small caps, and bitcoin do better,” he told CNBC on Thursday, “because those are clear policy differences.” The Bitcoin Trump Trade According to Lee, the market currently believes that Trump has a higher likelihood of winning than the polls are showing, and it...

Binance plans to hire 1,000 new employees this year, with a substantial focus on compliance roles. A large portion of these hires is specifically aimed at expanding the company’s compliance team from its current 500 members to 700 by the end of 2024. CEO Richard Teng, who is currently in the US for discussions with monitors and officials, shared these hiring targets in an interview with Bloomberg News in New York on Wednesday. Focus on Compliance Bloomberg’s report revealed...

Bitcoin’s developer community has spent several months singing the praises of OP_CAT – a proposed soft fork change that many believe is Bitcoin’s next evolution. BitVM creator Robin Linus has his reservations, however, publishing an article on Thursday debunking perceived misconceptions about the widely touted change. Is OP_CAT the Future of Bitcoin? The developer’s post – titled “Prevent the CATastrophe” – argued that OP_CAT can introduce risks to Bitcoin that proponents...

According to data from Soso value, Grayscale’s Bitcoin Mini Trust contributed the bulk of the total amount with $14.2 million in net inflows. It is closely followed by Fidelity’s FBTC and Bitwise’s BITB, with $10.7 million and $10 million in inflows, respectively. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $8.4 million in inflows, while Franklin Templeton’s EZBC and Invesco Galaxy’s BTCO received inflows of $3.5 million and $2.5 million,...

McDonald’s Instagram page was reportedly hacked on August 21, leading to a significant scam involving a Solana-based meme coin. The perpetrators exploited the fast-food chain’s social media account to promote a fraudulent token named “Grimace,” referencing one of McDonald’s fictional characters featured in its advertisements. Bubblemaps’ findings reveal that the hacker acquired 75% of the Grimace token’s total supply using the Solana meme coin deployer pump.fun. The attacker...

The Brazilian Securities and Exchange Commission (CVM) has greenlighted a second Solana exchange-traded fund (ETF) weeks after it approved its first one on August 8. According to the CVM’s central database, the product will be launched by Hashdex, an asset manager based in Brazil, in collaboration with the local investment bank BTG Pactual. Brazil’s Second Solana ETF However, the newly approved Solana ETF remains in a pre-operational phase. Hashdex manages over $962 million...

Bitcoin surged by 4% back to $61,550 on Wednesday as speculation grew that Robert F. Kennedy Jr. may soon exit the 2024 U.S. Presidential race to endorse Donald Trump. The news has re-established Trump as a betting favorite to win the November election, which is thought by analysts to have major implications for Bitcoin’s short-term price movements. As reported by ABC News, RFK Jr. will drop out by the end of the week, with sources saying he will endorse Trump. When contacted...

Terraform Labs (TFL) – the bankrupt cryptocurrency firm co-founded by Do Kwon – is set to face a Chapter 11 bankruptcy reorganization hearing on September 19. The hearing will be crucial in shaping the company’s future as it navigates the aftermath of the Terra ecosystem’s dramatic collapse in 2022, which triggered extensive legal and financial challenges. Fallout from TerraUSD and LUNA Collapse The court’s ruling will essentially decide if Terraform Labs can successfully...

Rumors are swirling online that Kamala Harris wants to introduce an unrealized capital gains tax if elected President – a move that could theoretically tear up the profits of crypto investors. But some key details are missing from the public conversation – namely that the tax wouldn’t apply to the vast majority of investors. Kamala Harris’s Tax Plans As reported by Semafor on Monday, the Committee for a Responsible Federal Budget (CRFB) said that the Kamala Harris campaign...

The TON blockchain recorded yet another milestone as the number of active addresses on the project’s Masterchain has surged to an all-time high of 946 daily. According to CryptoQuant’s latest analysis, this marks a more than sevenfold increase since July 2021, highlighting the growing popularity and adoption of the network. New Milestone for TON While 946 active addresses might initially seem modest, it’s crucial to understand that the TON architecture is designed with...