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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

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

Ethereum's adaptation in the crypto market — global — Open Graph

Markets · Global

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Ethereum Adapts as Perpetual Futures Surge in Crypto Market: MSMN News

Ethereum is redefining its role in the crypto world as perpetual futures gain traction, focusing on enhancing layer-2 networks rather than competing with faster chains.

2 weeks ago · 3 min read · By MSMN Newsroom