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Tether’s Gold Purchases Outpace Central Banks, Shaking Up Global Markets

Cryptonite UAE

A significant and surprising trend is emerging in the global gold market: Tether, the stablecoin issuer, is now accumulating gold at a pace that exceeds most sovereign central banks. A recent chart reveals the company has acquired 26 tonnes of gold, placing it ahead of major government buyers. For comparison, countries like Kazakhstan purchased 18 … Read more

Ark Invest Boosts Crypto Stock Holdings Amid Market Dip

Cryptonite UAE

Cathie Wood’s Ark Invest significantly increased its exposure to crypto-related stocks on Tuesday, capitalizing on the broader market downturn and falling prices. Key Purchases Made by Ark Invest on Tuesday: Block, Inc. (SQ): Purchased $13.5 million worth of shares. Circle Internet Group: Purchased $7.6 million worth of shares. Coinbase (COIN): Purchased $3.86 million worth of … Read more

Exodus Taps Bitcoin Reserves to Fund $175 Million Push for End-to-End Onchain Payments

Cryptonite UAE

The self-custodial crypto wallet provider Exodus has announced a major strategic shift, agreeing to acquire W3C Corp, the parent company of payment infrastructure firms Monavate and Baanx, for $175 million. Strategic Goal: Control the Entire Payments Stack The acquisition, expected to close in 2026, aims to integrate card issuance, processing, and compliance capabilities directly into … Read more

Bittensor (TAO) Price Eyes $400 Target Following Bullish Signals and New ETP Listing

Cryptonite UAE

Bittensor’s native token, TAO, is showing strong upward momentum and attempting a major breakout, driven by positive technical signals and increased institutional interest following its recent ETP listing on the SIX Swiss Exchange. Key Drivers of Momentum: ETP Catalyst: The listing of the TAO ETP (Exchange-Traded Product) five days ago has significantly increased market participation. … Read more

Bitget Launches “Affiliates Boost Month” to Empower Web3 Creators with Record Earnings

Cryptonite UAE

Bitget, the global Universal Exchange (UEX), has announced the start of “Affiliates Boost Month,” a new, creator-first earnings season aimed at helping KOLs, community leaders, and Web3 storytellers monetize their influence. Using the tagline “No Discount, Only Boost,” the campaign focuses on providing sustainable earning potential rather than seasonal price cuts. Key Features of the … Read more

Binance and CZ Hit with Lawsuit Alleging “Systematic Assistance” to Hamas Before October 7 Attack

Cryptonite UAE

Cryptocurrency exchange Binance and its former CEO, Changpeng Zhao (CZ), are facing a major lawsuit filed in North Dakota by hundreds of victims and affected parties of the October 7, 2023, attack in Israel. The plaintiffs allege that Binance “knowingly, willfully and systematically assisted” Hamas and other terrorist organizations for years. Core Allegations of the … Read more

Bitcoin Mining Resurges in China Despite 2021 Ban, Now Accounts for 14% of Global Hashrate

Cryptonite UAE

Bitcoin mining is quietly making a comeback in China, despite a comprehensive ban on cryptocurrency activities imposed in 2021. According to a Reuters report, the country has climbed to the third spot globally in mining market share, now accounting for approximately 14% of global mining operations, up from effectively zero after the crackdown. Drivers of … Read more

Crypto Stocks Show Mixed Movement as Bitcoin Prepares to Retest $90,000

Cryptonite UAE

The crypto stock market is displaying mixed performance, with investor interest surging as Bitcoin (BTC) consolidates above $86,000 and shows early technical signs of renewed momentum for a potential retest of the $90,000 level. Bitcoin’s Technical Outlook: Consolidation: BTC is holding above $86,000 following a recent sharp decline. Momentum Indicators:Technical indicators suggest improving demand: The … Read more

Crypto Mining Stocks Surge on Amazon’s $50 Billion AI Infrastructure Investment Plan

Cryptonite UAE

Crypto mining stocks experienced a broad rally, with the sector posting a 13.84% gain, led by spikes in companies like BitMine (nearly 20%) and Cipher Mining (over 18%). This surge is driven by the growing strategic importance of miners’ established power infrastructure to major tech companies, following Amazon’s announcement of a $50 billion investment in … Read more

Monad’s MON Token Surges Over 35% on Launch, Defying Cold Airdrop Market and Bearish Sentiment

Cryptonite UAE

Monad’s native token, MON, experienced a significant surge of over 35% within 24 hours of its launch, trading around $0.035 on Monday. This performance is a major outlier, contrasting sharply with both the generally struggling airdrop market and the deep November sell-off across the broader digital asset sector. Key Factors Driving MON’s Resilience: Defying Airdrop … Read more

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