Tag: Cryptoslate

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FTX settles $24 billion IRS claim for fraction to prioritize customer repayments

Defunct crypto exchange FTX has agreed to settle the Internal Revenue Service (IRS) substantial $24 billion tax claim for a significantly lower amount to help the company prioritize its customer

Funding rate volatility shows localized trading imbalances despite market stability

The funding rate for perpetual futures serves as a proxy for market sentiment and shows the balance between long and short positions Significant deviations from the average funding rate across

Avail secures $43 million to enhance Web3 with modular unification technology

Avail, a company spun out of Ethereum layer-2 solution Polygon, secured $43 million in a Series A funding round to develop a unified layer that addresses the scalability challenges and fragmentation

Bitcoin’s 2024 growth upholds an extraordinary 63% CAGR

Quick Take Data compiled by an anonymous X account, dividendology Over the past 40 years, the S&P 500 has averaged an 11% annual return Despite experiencing drawdowns in just seven years—1990,

Web3 Foundation boosts Polkadot’s Asia presence with grant to PolkaPort East

The Web3 Foundation, the organization behind Polkadot, has awarded a Decentralized Futures (DF) grant to PolkaPort East to foster the blockchain network’s expansion in Asia, according to a June

Positive Bitcoin price action drives renewed interest in Grayscale’s GBTC

Quick Take Grayscale’s Bitcoin Trust (GBTC) is experiencing a notable flow shift driven by positive Bitcoin price movements This shift contrasts with earlier this year when even favorable

Bitcoin ETFs show ‘staying power,’ now landing in Thailand

Spot Bitcoin exchange-traded funds (ETFs) are gaining traction globally, as evidenced by a recent regulatory decision in Thailand After the US Securities and Exchange Commission (SEC) approved these

Web3 must stand against the peril of airdrop hunters

The following is a sponsored guest article from Sergey Shashev, the founder of Broxus From Community Rewards to the Hunt for “Free Money” The community has been a driving force behind the

Core Scientific inks $3.5B AI deal with CoreWeave to diversify beyond bitcoin mining

Core Scientific has entered into a significant 12-year agreement with CoreWeave, an AI hyperscaler backed by Nvidia, to provide approximately 200 megawatts (MW) of infrastructure for high-performance

Bitcoin equities shift: MicroStrategy and miners show higher Nasdaq correlation

Quick Take Bitcoin equities such as MicroStrategy (MSTR) and Bitcoin miners are exhibiting a stronger correlation with the Nasdaq than with Bitcoin itself, depending on the time frame On a

Ethena USDe overtakes Solana in revenue, hits $3 billion market cap

Ethena Labs’ USDe, a synthetic dollar stablecoin, has garnered significant community adoption, propelling it to become the fourth-largest stablecoin by market capitalization This achievement

Epoch Times CFO charged in multi-million dollar crypto laundering plot

Weidong “Bill” Guan, the Chief Financial Officer of The Epoch Times, has been arrested and charged with orchestrating a $67 million international money laundering scheme Federal