Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024. Tesla reported a $600 million gain from its Bitcoin holdings in the fourth quarter of 2024 thanks to new accounting rules that allow companies to record the market value…
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Bitwise’s Matt Hougan said crypto wouldn’t “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before. US President Donald Trump’s recent crypto executive order could disrupt the crypto market’s four-year boom and bust cycle that it has seen over the last decade, says Bitwise investment chief Matt Hougan. Trump’s…
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Unsustainable memecoin frenzies, global uncertainty and investors’ risk-averse positioning could complicate Solana’s chances of hitting new all-time highs. Solana’s native token SOL saw its price drop by 17.2% between Jan. 24 and Jan. 27. After touching its lowest levels in 10 days, the price recovered to $235, but this is still 26% below its Jan. 19…
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From digital red packets to memecoins, Bitcoin continues its love affair with Lunar New Year in 2025. Lunar New Year has become a global celebration and a surprisingly positive period for Bitcoin and crypto — replete with modernizing the hongbao (financial gifts in red envelopes), memecoins bearing the year’s zodiac animal and increased trading activities in Asian hours.…
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Bitwise registered a Dogecoin trust in Delaware earlier this month, but its latest filing makes its bid to launch a Dogecoin ETF official with the SEC. Bitwise has filed with the US Securities and Exchange Commission to list an exchange-traded fund (ETF) tracking the price of the popular memecoin Dogecoin. The proposed Bitwise Dogecoin ETF…
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The payments firm said with the addition of the two US states, it held more than 50 licenses across different jurisdictions. Blockchain payments firm Ripple Labs said it had secured money transmitter licenses in the US states of Texas and New York. In a Jan. 27 notice, Ripple said financial regulators in Texas and New York had…
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The US market dipped amid the release of Chinese firm DeepSeek’s latest AI model, which can supposedly perform as well as ChatGPT for a fraction of the cost. Apple, Meta and Amazon were the only three “magnificent seven” tech stocks that withstood a wide market rout amid panic over Chinese artificial intelligence firm DeepSeek’s latest…
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today, in crypto, a group of Ethereum leaders committed to a new scaling strategy. MicroStrategy’s Michael Saylor posted a Bitcoin tracker for the 12th week in a…
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World Network, the iris-scanning digital ID project formerly known as Worldcoin, can no longer offer crypto incentives to Brazilians. Brazil’s data protection watchdog has ordered the company behind the biometrics for the World ID project to stop offering crypto or financial compensation for collecting biometric data from its citizens. The National Data Protection Authority (ANPD)…
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Ethereum has lagged the market to open 2025, but February and March have historically seen the cryptocurrency close up on the month. Ethereum has dropped nearly 7% over January, moving opposite to the wider crypto market and to leader Bitcoin, but market watchers say February and March have been historically bullish for the second-largest cryptocurrency.…
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