News

Latest news from the Web3 ecosystem

MARA, CLSK Surge Pre-Market as CoreWeave Faces Headwinds

MARA, CLSK Surge Pre-Market as CoreWeave Faces Headwinds

Marathon Digital and CleanSpark saw significant pre-market gains following Q4 earnings, contrasting with CoreWeave's dip amidst mixed sector performance.

2 min read
Polymarket Bettors Profit $1.2M on Axiom Investigation

Polymarket Bettors Profit $1.2M on Axiom Investigation

Eight wallets on Polymarket allegedly profited $1.2 million by betting on the outcome of ZachXBT's investigation into Axiom, sparking discussions about potential insider trading within the crypto space.

1 min read
Germany Approves Regulated Stablecoin Pegged to Swiss Franc

Germany Approves Regulated Stablecoin Pegged to Swiss Franc

AllUnity, a German firm, has launched a regulated stablecoin backed by the Swiss franc. This move aligns with market expectations of the franc's appreciation.

1 min read
US Spot Bitcoin ETFs See Strong Inflows, Signaling Renewed Demand

US Spot Bitcoin ETFs See Strong Inflows, Signaling Renewed Demand

US spot Bitcoin ETFs experienced their largest weekly inflows in six weeks, adding $1.1 billion over three days. This surge aligns with a rebound in Coinbase Premium, indicating increased US investor interest.

1 min read
Bitcoin ETFs See $1 Billion Inflow Amidst Market Dip Buying

Bitcoin ETFs See $1 Billion Inflow Amidst Market Dip Buying

Spot Bitcoin ETFs experienced a significant surge in investor confidence, attracting $1 billion in net inflows over three days following a period of outflows. BlackRock's IBIT fund spearheaded this influx.

1 min read
TeraWulf Reports Q4 Losses Amidst Bitcoin Mining Revenue Dip

TeraWulf Reports Q4 Losses Amidst Bitcoin Mining Revenue Dip

TeraWulf announced Q4 losses of $1.66 per share, driven by a decline in Bitcoin mining revenue. However, significant new contracts signal potential for future expansion.

1 min read
Marathon Digital Reports $1.7B Quarterly Loss Amid Bitcoin Downturn

Marathon Digital Reports $1.7B Quarterly Loss Amid Bitcoin Downturn

Bitcoin miner Marathon Digital Holdings has announced a significant quarterly loss of $1.71 billion, primarily due to Bitcoin fair-value markdowns. The company is also pivoting towards AI and high-performance computing infrastructure.

1 min read
Bitcoin ETF Holders Secure Downside Protection Amid Market Volatility

Bitcoin ETF Holders Secure Downside Protection Amid Market Volatility

Large Bitcoin ETF holders and treasury firms are proactively purchasing protection against potential price drops below the $60,000 mark, indicating a cautious market sentiment.

2 min read
Two Arrested After Police Lose $1.4M in Seized Bitcoin

Two Arrested After Police Lose $1.4M in Seized Bitcoin

Two individuals have been apprehended in South Korea following the loss of approximately $1.4 million in seized Bitcoin. The cryptocurrency was misappropriated from a third-party wallet where it had been stored by law enforcement.

1 min read
Australian Super Funds Embrace Crypto for Diversification

Australian Super Funds Embrace Crypto for Diversification

Self-managed super funds in Australia are increasingly incorporating digital assets, signaling a growing acceptance of cryptocurrency as an investment vehicle for diversification.

1 min read
XRPL Foundation Fixes Critical Vulnerability Before Mainnet Deployment

XRPL Foundation Fixes Critical Vulnerability Before Mainnet Deployment

The XRPL Foundation has successfully patched a significant vulnerability discovered by an AI bug hunter, preventing a critical flaw from impacting the mainnet.

1 min read
Polymarket Users Profit from Pre-Disclosure Information on Insider Trading Investigation

Polymarket Users Profit from Pre-Disclosure Information on Insider Trading Investigation

An investigation into Polymarket's user activity reveals significant profits made on a market intended to detect insider trading. This raises questions about the platform's integrity and the efficacy of its market design.

1 min read