6 US Banks Face Moody’s Downgrade
Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and…
Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG
Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens…
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part…
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both…
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since…
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the…
Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over Biden
Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood…
Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds…
Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano…
Hoskinson Laments the Disconnect Between Public Perception of Cardano and Its Fundamentals
The Cardano blockchain co-founder, Charles Hoskinson, has expressed frustration over what he perceives as a disconnect between the public perception of Cardano—shaped by influencers and media—and the project’s actual progress…
FBI Warns of Rising Government Impersonation Scams Demanding Crypto
The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency…
FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors.…
Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One Hour
Former U.S. President and presidential candidate Donald Trump has pledged to become “the crypto president” if re-elected. He vowed to terminate the anti-crypto policies introduced by Joe Biden and U.S.…
Ripple Teams Up With Clear Junction for GBP and EUR Payouts
Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more…
Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines
Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district…