Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
Coinbase announced a fresh strategic investment in the crypto exchange CoinDCX to expand its presence across the high-growth markets of India and the Middle East. This latest investment follows Coinbase’s previous participation in multiple CoinDCX funding rounds via its venture arm, Coinbase Ventures, starting in 2020. While the specific financial terms were not disclosed, CoinDCX … Read more
Elon Musk, the CEO of Tesla, has once again weighed in on the crypto debate on X (formerly Twitter), explicitly endorsing both Bitcoin (BTC) and Dogecoin (DOGE) by framing their value proposition in terms of energy. Responding to a thread about AI and monetary debasement, Musk argued that Bitcoin is valuable because it’s “based on … Read more
Despite recent market volatility, the third quarter of this year saw a record surge in Bitcoin adoption by public companies, signaling a major strategic shift toward digital assets as a treasury reserve. According to data from Bitwise and Bitcoin Treasuries: The number of public companies holding Bitcoin jumped to 172, a nearly 40% increase in … Read more
Japan’s financial regulators are moving to explicitly ban cryptocurrency insider trading, aiming to close a loophole in existing laws. The Financial Services Agency (FSA) is preparing amendments to the law that would make trading based on non-public information a prohibited act in the crypto market. The change would allow for financial penalties proportional to illegal … Read more
Elon Musk has reasserted his belief that energy, not fiat currency, is the ultimate store of value, linking Bitcoin’s energy foundation to the accelerating global race for dominance in Artificial Intelligence (AI). Responding to a post by ZeroHedge on X (formerly Twitter), Musk agreed that the massive capital expenditure (capex) required for AI—which governments in … Read more
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant downturn, recording their largest combined daily outflow since September 26, totaling $326.4 million, according to Farside data. BlackRock’s IBIT Maintains Inflows Despite the broad market exit, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, continued its streak of inflows. Consecutive Streak: IBIT … Read more
Washington’s long-anticipated effort to establish clear crypto regulation has hit a political wall, pushing the timeline for meaningful action potentially into the post-election landscape of next year, according to an assessment by TD Cowen’s Washington Research Group. The Regulatory Stand-Off The bipartisan project has devolved into a gridlock over fundamental issues: the definition of digital … Read more
Dogecoin (DOGE) has staged a significant comeback, more than doubling in value since Friday’s market lows to trade above $0.20. This sharp rebound is fueled by a convergence of bullish news, suggesting renewed investor optimism following a severe crypto sell-off. Mainstream Finance Adoption A key driver of the recent rally is the announcement of the … Read more
Metaplanet, a publicly traded Japanese company that has adopted Bitcoin as its primary treasury reserve, has entered “uncharted territory” as its enterprise value has fallen below the value of its Bitcoin holdings for the first time on record. Market Value vs. Bitcoin Holdings The company’s Market to Bitcoin Net Asset Value (mNAV)—a critical metric for … Read more
Memecoins experienced a late Monday surge, driven by renewed investor interest in speculative assets amidst a broader cryptocurrency market rally. This recent uptick helped the sector recover some of the losses sustained during the “Black Friday” sell-offs. Key Gainers in the Last 24 Hours The largest gains were recorded by several prominent memecoins: Memecoin Platform … Read more