Genesis-linked Address Transfers $720M BTC to Coinbase
In the past month, a crypto wallet associated with Genesis Trading has transferred nearly $720M in BTC to the Coinbase exchange, suggesting the potential initiation of asset liquidations. During the past 30 days, the Genesis Trading-labeled wallet has transferred over 12,600 Bitcoin BTC, equivalent to approximately $719.9 million. The majority of these transactions were between […]
MicroStrategy Announces 10-for-1 Split for its Common Stock
The board of directors of MicroStrategy has declared a 10-for-1 stock split of the company’s Class A and B common stock to enhance accessibility for investors and employees. MicroStrategy announced on July 11 that the stock division is intended to enhance the accessibility of its investors and employees. Class A and B stockholders will receive […]
ZachXBT Warns Users of Compound Finance’s Potential Breach
ZachXBT, a crypto investigator, has advised users to refrain from accessing the Compound Finance website, as it appears compromised and may redirect visitors to a phishing site. The security investigator issued a post on Telegram on July 11, informing the community to refrain from visiting the website for the time being. This website redirects to […]
X Payments Wins Money Transmitter License In Washington DC
X, formerly known as Twitter, has obtained a money transmitter license in Washington DC, legally permitting it to operate as a payment service provider as it strives to become an “everything app.” This latest development increases the jurisdictions in which X is legally permitted to operate payment services to 31 states and the District of […]
T-Rex Launches Two Double-Leveraged Bitcoin ETF
T-REX offers investors leveraged exposure to Bitcoin’s performance with the new T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ). Eric Balchunas, a senior Bloomberg ETF analyst, expressed his enthusiasm for the inauguration and foresaw that these new ETFs would challenge the dominance of ProShares and […]