11/28/2024
Crypto-Loyal Cabinet Members in the Trump Administration
Donald Trump’s new cabinet consists of senior officials who look favourably on cryptocurrencies. In particular, former SEC Commissioner Paul Atkins is on the agenda as a candidate to replace Gary Gensler as SEC chairman. However, it is noteworthy that there are well-known names in the crypto markets among the new ministers.
by Darkex Reseach – 1 min read
New Purchases from Bitcoin Miner MARA
MARA Holdings purchased 703 more Bitcoins, bringing its total holdings to 34,794 BTC. The company stated that it made these Bitcoin purchases through $1 billion of zero-coupon convertible senior notes. The average purchase cost was announced as 95,395 dollars.
by Darkex Reseach – 1 min read
50 Million Dollar Bitcoin Purchase from Chinese Company SOS Limited
China-based SOS Limited announced that it will purchase $50 million worth of Bitcoin in order to evaluate Bitcoin as a long-term reserve asset. The company announced that this move was approved by the board of directors.
by Darkex Reseach – 1 min read
“Bitcoin Reserve” Step in Brazil
Following Bitcoin reserve plans in the US, a Brazilian lawmaker has introduced a bill stating that Bitcoin is critical for economic resilience. This bill envisages the country creating a Bitcoin reserve.
by Darkex Reseach – 1 min read
Former CFTC Chairman: “Bitcoin Reserves are Very Important”
The former head of the US CFTC said that creating Bitcoin reserves is a logical and necessary step. He emphasized the strategic importance of Bitcoin as “the world’s first digital commodity”.
by Darkex Reseach – 1 min read
Strategic Partnership between Aave and Instadapp
The Aave community has launched a strategic partnership proposal with Instadapp by investing in INST tokens. The offer includes Aave DAO strengthening its collaboration with Instadapp in the DeFi space by investing $4 million.
by Darkex Reseach – 1 min read
Tether Halts EUR₮ issuance
Tether announced that it will stop supporting the euro stablecoin EUR₮ due to the complexity of the regulatory environment. The company announced that while it will not process new requests, it will prioritize new stablecoin projects such as MiCAR-compliant EURQ and USDQ.
by Darkex Reseach – 1 min read
Russia Approves Tax Law on Cryptocurrencies
Russia’s Federation Council has officially approved new tax regulations on cryptocurrencies. Under the law, cryptocurrencies will be treated as property rights and individuals will be charged 13% to 15% income tax on sales transactions. Mining activities will be exempt from VAT. President Vladimir Putin’s signature is expected as the final step for the law to enter into force.
by Darkex Reseach – 1 min read
Bitwise Files with SEC for 10 Cryptocurrency Index ETFs
Following the change in the regulatory climate in the US, the steps of financial firms in the crypto space are accelerating. Finally, asset management firm Bitwise has filed an official application with the SEC for an index ETF that includes 10 different cryptocurrencies. Following the resignation of Gary Gensler, the possibility of a positive evaluation of this application has created excitement among investors.
by Darkex Reseach – 1 min read
Ethereum Reaches 5-Month High
Ethereum has been attracting attention with its strong performance recently. Ethereum ETFs recorded net inflows of $40.6 million on Tuesday, a trend that has continued for three consecutive days. This is in stark contrast to the net outflows from Bitcoin ETFs. Analysts say funds are shifting from Bitcoin to Ethereum and altcoins.
by Darkex Reseach – 1 min read
Metaplanet Plans to Raise $62 Million to Increase Bitcoin Investments
Japanese-listed Metaplanet announced that it will issue stock subscription rights to raise 9.5 billion yen (about $62 million) to accelerate Bitcoin investments. The company aims to increase Bitcoin accumulation
by Darkex Reseach – 1 min read
