Telegram founder and CEO Pavel Durov recently shared that his early investment in Bitcoin (BTC) has been crucial for funding his lifestyle. Speaking on the Lex Fridman podcast, Durov revealed he purchased his first few thousand Bitcoin in 2013 when the price was around $700 per BTC, which he called a “local maximum.” Despite the … Read more
The Starknet Layer 2 (L2) network has officially introduced native Bitcoin staking and established a massive $100 million STRK fund to significantly boost the BTCFi ecosystem. This initiative positions Starknet at the forefront of digital gold adoption by allowing Bitcoin holders to earn rewards and enhance the network’s decentralization. How Bitcoin Staking Works This launch … Read more
YoungHoon Kim, a South Korean researcher internationally recognized as a Grand Master of Memory with a certified IQ of 276, has announced on social media that he has converted all his assets into Bitcoin (BTC). Kim, who leads the United Sigma Intelligence Association, declared that Bitcoin is the “only hope for the future economy.” Bitcoin … Read more
Massachusetts is set to debate a pioneering proposal to establish a state Bitcoin reserve, which would allow the Commonwealth to allocate a portion of its budget surpluses into the cryptocurrency for diversification and hedging against inflation. The proposal, known as S.1967 (SD422) and sponsored by Republican Senator Peter J. Durant, is scheduled for a crucial hearing … Read more
US-listed Bitcoin and Ethereum spot Exchange-Traded Funds (ETFs) collectively recorded over $1 billion in net inflows on Monday, reversing a recent trend of outflows and signaling renewed institutional optimism. This surge in demand coincided with the Bitcoin price rebounding sharply above $114,000. Ethereum ETFs Lead the Inflow Surge Ethereum spot ETFs led the rebound, flipping … Read more
Solana (SOL) emerged as a significant outlier last week, attracting $291 million in institutional inflows, the largest among all digital assets, according to CoinShares data. This strong performance occurred even as the broader digital asset market saw $812 million in overall outflows, largely driven by heavy losses in Bitcoin ($719 million outflow) and Ethereum ($409 … Read more
Vancouver Mayor Ken Sim has launched a new mental health fund for firefighters, managed by the Vancouver Firefighter Charities. The fund is notable for its acceptance of both cash and digital asset donations, specifically Bitcoin. The initiative was prompted by statistics from the Canadian Mental Health Association showing that firefighters have a 30% higher suicide … Read more
On September 19, U.S. spot crypto exchange-traded funds (ETFs) experienced a significant influx of capital, driven primarily by BlackRock’s offerings. Key Highlights Spot Bitcoin ETFs recorded $223 million in net inflows. BlackRock’s IBIT was the main driver, with a notable inflow of $246 million. Spot Ethereum ETFs saw $47.75 million in net inflows. This was … Read more
Tether’s efforts to expand its Bitcoin mining operations in Uruguay have hit a significant roadblock. The state-owned national electricity provider, UTE, cut power to Tether’s local partner, Microfin, over $5 million in unpaid bills. This dispute, which began with mounting costs and unresolved debt, has frozen all mining activities and expansion plans in the Flores … Read more
The government of Bhutan has transferred over $100 million worth of Bitcoin (BTC), raising concerns about a potential sell-off that could add downward pressure to the market. The move on September 18 involved shifting 913 BTC to two new wallets. Despite this large transfer, Bhutan’s sovereign wealth fund still holds more than $1.1 billion in … Read more