Market
Crypto
New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption
The FASB update enhances transparency and corporate adoption, marking a turning point in cryptocurrency accounting.
Bitcoin
Bitcoin reaches new $106k all-time high causing $313 million in liquidations
The record-breaking Bitcoin rally also saw Bitcoin break €100,000 for the first time.
Legal
BiT Global files lawsuit against Coinbase over allegations of breaching antitrust laws by delisting WBTC
The antitrust lawsuit accused Coinbase of using its market dominance to replace WBTC with cbBTC for profit.
Bitcoin
Bitcoin supply dynamics shift as long-term holders sell while dolphins buy
Bitcoin's institutional and ETF demand overshadowed by long-term holder sell-off.
Mining
Riot Platforms bolsters Bitcoin reserves with $510 million purchase
Riot Platforms eyes AI potential as it bolsters financial reserves with over 5,000 BTC acquisition.
Governance
Cardano Foundation regains social media control amid governance turmoil
Assurances of community integrity come amidst internal power struggles and governance conflicts within Cardano.
Adoption
Solana emerges as fastest-growing ecosystem for developers globally
Solana's grassroots approach in Africa fuels its rapid ascent in global developer rankings.
Crypto
Eigen Foundation pledges 1% of EIGEN token equaling $80M to support Ethereum development
The Eigen Foundation aims to sustain and advance Ethereum's core development through its donation.
Exchanges
Gate io denies hacking rumors amid its GateToken rally to new ATH
Gate.io stated that it remains fully operational with assurances of $10 billion reserves against unfounded exploit claims.
Ethereum
Ethereum supply squeeze and ETF demand set stage for $5,000 breakout
CryptoQuant's analysis ties Ethereum's potential comeback to 2021 levels.
Tokenization
AVAX rises 10% after Avalanche Foundation raises $250M in preparation for blockchain upgrade
Avalanche's multi-chain model attracts institutional giants amid funding and scalability advancements.
Exchanges
Binance dominates 2024 with $21.6 billion deposits and record 250 million users
The impressive deposit figures at Binance underline the platform's growing allure for institutional investors.
