Category: Bitcoin

A federal court in Brazil has sentenced 14 people to prison for laundering more than 508 million reais ($95 million) in international drug trafficking and other violent crimes, ending a years-long investigation into a complex criminal network that spanned multiple states. The two gang leaders were each sentenced to more than 21 years in prison,…

point$2.2661 It rose 13% to $2.26 in the past 24 hours as trading volumes surged. The coin opened at $1.99 and formed a steady upward trend throughout the 24 hours, establishing clear technical dominance over the broader cryptocurrency market, according to CoinDesk Research’s technical analysis model. The model says the volume pattern confirms genuine institutional…

Bitcoin miner Iren (IREN) plans to raise up to $2.3 billion by selling convertible notes to refinance existing debt as hash prices fall to five-year lows, hurting revenue. The company, which also provides processing power for training artificial intelligence models, plans to issue $1 billion of convertible senior notes due 2032 and $1 billion of…

Bitcoin Bitcoin$90,744.32 Bitcoin prices surged above $90,000 in early U.S. trading on Tuesday, erasing most of the losses from Sunday to Monday below $84,000. The largest cryptocurrency was last trading at $91,180, up 8% in the past 24 hours, helping to boost the broader digital asset market. Ethereum’s Ethereum Ethereum$3,012.05 It rebounded above $3,000, up…

Solana bulls hit the pause button after pumping millions into U.S.-listed spot exchange-traded funds (ETFs) that ignited the market in November. Data from data source SoSoValue showed that these spot ETFs experienced a cumulative outflow of US$8.1 million on Friday, the first outflow since their launch on October 28. Buyers returned on Friday, pumping more…

Cryptocurrency exchange Kraken said it has agreed to acquire tokenization specialist Backed Finance, as cryptocurrency companies increasingly bring real-world assets on-chain that are expected to be worth trillions of dollars in less than 10 years. Kraken said in a press release on Tuesday that it plans to add the Switzerland-based company’s tokenized stocks and exchange-traded…

Strategy (MSTR) may be approaching a tradeable bottom, not because of technical signals or specific fundamental changes, but because the amount of outrage, ridicule, and victory laps directed at the stock has reached classic capitulation levels. Criticisms have become extremely loud over the past 24 hours, spurred by the collapse in Bitcoin and MSTR prices…

Chainlink’s native token LINK rose 8% to $13.06 on Tuesday after the debut of a Grayscale exchange-traded fund (ETF) tied to the asset. The ETF trades under the symbol GLNK, and investors have regulated access to Chainlink through traditional brokerage accounts. It is the first U.S. exchange-traded fund to exclusively track LINK, the token that…

According to a press release, the US prediction market Kalshi has completed US$1 billion in financing and its valuation has risen to approximately US$11 billion. The latest funding round was led by Paradigm, with participation from veteran venture capital firms including Sequoia Capital and Alphabet’s growth equity unit CapitalG. Last month, TechCrunch reported on the…

BNP Paribas, France’s largest bank by assets, said on Tuesday it would form a joint venture with nine other European banks to focus on issuing stablecoins as traditional financial firms chase the fast-growing digital asset class. The bank joins an Amsterdam scheme called Qivalis, which is backed by lenders including ING, UniCredit and CaixaBank. According…