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The Weekly

Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review

Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in ReviewIn September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto operation. Economist Peter Schiff warned of impending financial ruin unless the U.S. allows its “phony economy” to […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review

Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in ReviewNigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in its case against Ripple Labs, citing significant legal errors. Coinbase is optimistic […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in Review

BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in ReviewBNY Mellon is working closely with regulators to offer large-scale crypto custody services. Coinshares reported $321 million in digital asset inflows, driven by the Fed’s 50bps interest rate cut. Robert Kiyosaki predicts Bitcoin could reach $500K by 2025 and $1M by 2030, citing global financial instability risks highlighted in an upcoming book by Jim Rickards. […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Fed’s Rate Cut Could Spell Disaster, Microstrategy Buys More Bitcoin, and More — Week in Review

Fed’s Rate Cut Could Spell Disaster, Microstrategy Buys More Bitcoin, and More — Week in ReviewPeter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private offering. A bitcoin investor faces up to three years in prison for underreporting cryptocurrency gains. El Salvador’s President Nayib Bukele announced a […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in ReviewData highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review

Telegram CEO Arrested, Coinbase CEO Bullish on Crypto  Payments, and More — Week in ReviewThe arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice to Opensea, potentially classifying NFTs as securities. Economist […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Harris Backs Plan to Tax Unrealized Gains, Kiyosaki Says Prepare for Crash Landing, and More — Week in Review

Harris Backs Plan to Tax Unrealized Gains, Kiyosaki Says Prepare for Crash Landing, and More — Week in ReviewVice President Kamala Harris supports President Biden’s proposal to increase taxes on unrealized gains for the wealthy. Financial author Robert Kiyosaki warns of an impending market crash, urging investments in gold, silver, and bitcoin for safety. Economist Peter Schiff calls for higher interest rates, even at the risk of triggering a recession. Meanwhile, bitcoin ETFs […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review

Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in ReviewGoldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Kiyosaki on Market Crash, Crypto for Harris, and More — Week in Review

Kiyosaki on Market Crash, Crypto for Harris, and More — Week in ReviewRobert Kiyosaki declared that the much-anticipated market crash has arrived, emphasizing the significant losses and highlighting it as an opportunity for investors to buy assets like gold, silver, and bitcoin at lower prices. The Democrats are engaging with the crypto sector, launching a “Crypto for Harris” initiative to garner support for Vice President Kamala Harris. […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million

Markets in Freefall, Coinbase Reports Great Q2 Revenue, and More — Week in Review

Markets in Freefall, Coinbase Reports Great Q2 Revenue, and More — Week in ReviewThe U.S. stock market experienced significant declines, and the crypto market fell by 5.82% following a disappointing jobs report, sparking concerns about a potential recession. Meanwhile, Coinbase reported $1.4 billion in Q2 revenue, highlighting growth and regulatory progress in the crypto sector. In Zambia, the central bank aims to enforce the kwacha as the sole […]

BlackRock’s Bitcoin ETF suffers record-high outflows of $332 million