Tag: Cryptoslate
Blockchain
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
Blockchain
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
Blockchain
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
Blockchain
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,
Blockchain
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
Blockchain
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
Blockchain
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
Blockchain
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
Blockchain
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
Blockchain
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
Blockchain
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
Blockchain
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
