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Trump Media Reports Significant Loss Amid Cryptocurrency Decline: MSMN News — image from BBC Business

Markets · Ireland

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Trump Media Reports Significant Loss Amid Cryptocurrency Decline: MSMN News

Trump Media & Technology Group (TMTG) has reported a staggering $238 million loss, prompting a strategic shift towards social media amidst a volatile cryptocurrency market.

1 day ago · 6 min read · By MSMN Newsroom

BitGo's WBTC Migration Sparks $14.5 Billion Shift to LayerZero and Chainlink: MSMN News — image from CoinDesk

Markets · Global

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BitGo's WBTC Migration Sparks $14.5 Billion Shift to LayerZero and Chainlink: MSMN News

The recent $292 million Kelp bridge exploit has triggered a significant migration of Wrapped Bitcoin (WBTC) assets to LayerZero and Chainlink, totaling $14.5 billion. This article explores the implications, timeline, and future of the DeFi landscape post-exploit.

1 week ago · 7 min read · By MSMN Newsroom

Intesa Sanpaolo Cuts Bitcoin ETF Stake Significantly While Increasing Ethereum Holdings: MSMN News — image from CoinDesk

Markets · Europe

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Intesa Sanpaolo Cuts Bitcoin ETF Stake Significantly While Increasing Ethereum Holdings: MSMN News

Intesa Sanpaolo has made a dramatic shift in its cryptocurrency investment strategy, slashing its Bitcoin ETF stake by 94% while tripling its Ethereum holdings. This move reflects broader market trends and institutional responses to the volatile crypto landscape.

1 week ago · 5 min read · By MSMN Newsroom

SEC to Reevaluate Nasdaq's Bitcoin Options Approval Following CME's Jurisdictional Challenge: MSMN News — image from CoinDesk

Markets · US

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SEC to Reevaluate Nasdaq's Bitcoin Options Approval Following CME's Jurisdictional Challenge: MSMN News

The SEC is set to review its decision on Nasdaq's bitcoin options trading after the CME argues that bitcoin should be regulated as a commodity by the CFTC, not the SEC.

1 week ago · 6 min read · By MSMN Newsroom

Bitcoin Mining Difficulty Drops 14% Amid Revenue Challenges: MSMN News — image from CoinDesk

Markets · Global

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Bitcoin Mining Difficulty Drops 14% Amid Revenue Challenges: MSMN News

The Bitcoin mining industry faces a 14% decline in mining difficulty as operators struggle with plunging revenues, prompting strategic pivots.

1 week ago · 6 min read · By MSMN Newsroom

Study Reveals Stablecoins May Not Lower Remittance Costs: MSMN News — image from CoinDesk

Markets · Global

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Study Reveals Stablecoins May Not Lower Remittance Costs: MSMN News

A recent study by the Bank of Italy has shown that stablecoins may not provide the cost savings for remittances that many had anticipated. The research highlights the complexities of transaction fees and banking infrastructure that can negate potential benefits.

1 week ago · 7 min read · By MSMN Newsroom

Bitcoin Cold-Wallet Attack Expands to Thousands of Addresses: MSMN News — image from CoinDesk

Markets · Global

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Bitcoin Cold-Wallet Attack Expands to Thousands of Addresses: MSMN News

A series of attacks on Bitcoin cold wallets has intensified, affecting approximately 4,500 addresses and leading to losses nearing $89 million. Security experts warn of evolving tactics by attackers, emphasizing the need for enhanced security measures.

1 week ago · 6 min read · By MSMN Newsroom

Coinbase Shares Drop 5% Following Disappointing Q2 Revenue Report: MSMN News — image from CoinDesk

Markets · Global

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Coinbase Shares Drop 5% Following Disappointing Q2 Revenue Report: MSMN News

Coinbase has reported a significant decline in its second quarter revenue for 2023, leading to a 5% drop in stock price. The company's future remains uncertain amidst market volatility and increased competition.

2 weeks ago · 6 min read · By MSMN Newsroom

Corporate Bitcoin Holder Reports $8.2 Billion Loss in Q2 Amid Price Drop: MSMN News — image from CoinDesk

Markets · Global

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Corporate Bitcoin Holder Reports $8.2 Billion Loss in Q2 Amid Price Drop: MSMN News

The world's largest corporate Bitcoin holder has reported a staggering $8.2 billion loss for the second quarter of the year due to a significant decline in Bitcoin prices, raising questions about the company's investment strategy and the future of corporate cryptocurrency holdings.

2 weeks ago · 6 min read · By MSMN Newsroom

Ionic Digital's Nasdaq debut — Nasdaq — Open Graph

Markets · Global

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Ionic Digital Soars 26% in Nasdaq Debut, Offering New Options for Celsius Network Claimants: MSMN News

Ionic Digital saw a significant increase in its stock price during its first day on the Nasdaq, providing a potential exit for claimholders of Celsius Network. The company achieved a market valuation of approximately $2.8 billion.

2 weeks ago · 2 min read · By MSMN Newsroom

Bitcoin price stability — global — Open Graph

Markets · Global

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Bitcoin Holds Steady Above $64,000 Ahead of Federal Reserve Decision: MSMN News

Bitcoin's value has remained above $64,000, gaining 0.75% as traders anticipate the Federal Reserve's upcoming interest rate announcement. Inflation data at 4.1% suggests a rate hike remains a possibility, despite a drop in oil prices.

2 weeks ago · 2 min read · By MSMN Newsroom

Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark: MSMN News — China — Open Graph

Markets · United States

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Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark: MSMN News

Moonshot's Kimi K3 took the top spot in frontend coding away from Claude and OpenAI, and it's free. Semiconductor stocks fell, and crypto fell with them.

4 weeks ago · 2 min read · By MSMN Newsroom