BitMine to raise $24.5B, Sharplink completes $389M stock sale

The corporate Ether acquisition race is accelerating as the world’s two largest Ether treasury firms are raising capital to acquire more of the world’s second-largest cryptocurrency, which is nearing its previous all-time high. Public Bitcoin (BTC) mining firm BitMine Immersion Technology is looking to raise $24.5 billion through a new at-the-market (ATM) stock sale offering…

Monero Sees Hiccups as Qubic Likely Succeds in 51% Attack

The privacy-focused cryptocurrency Monero has suffered a major disruption, with 60 mined blocks discarded from its blockchain in the past 24 hours amid an ongoing attempted 51% attack by the Qubic network. The Monero Consensus Status dashboard shows Monero saw 60 orphaned blocks (valid blocks that were rejected) in the last 720 blocks. The disruption…

Qubic Claims Majority Control of Monero Hashrate, Raising 51% Attack Fears

Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, says it has secured more than 51% of Monero’s global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, censor transactions, and attempt double-spends on the privacy-focused blockchain. Ivancheglo framed the move as a stress test to help the Monero community…

Half of the Top 20 US ETFs Launched in 2024 Are Crypto-Linked

Half of the top 20 exchange-traded funds (ETFs) in the United States are linked to digital assets, underscoring the sector’s growing appeal to investors.  On Monday, ETF analyst Nate Geraci said more than 1,300 ETFs have launched since the start of 2024, and crypto-linked assets dominated the top 20 investment products in inflows. These include…

SEC to focus on ‘Clear’ Crypto Regulations After Ripple Case: Paul Atkins

The United States Securities and Exchange Commission (SEC) is signaling an increasing focus on developing a clear cryptocurrency regulatory framework after ending one of the industry’s longest-running legal battles. The SEC and Ripple Labs ended their almost five-year dispute after both parties filed to drop their legal appeals and bear their costs and fees, according…

How Plushies Saved Pudgy Penguins NFTs From Bankruptcy

Just about three years ago, non-fungible token (NFT) brand Pudgy Penguins was nearing bankruptcy — now it’s projected to end the year with $50 million in revenue. CEO and owner Luca Schnetzler (better known as Luca Netz) built a fortune through Instagram before breaking into the toy industry. In the blockchain world, he was among…

Ether ETFs Post Record $1B Inflows

Spot Ether exchange-traded funds (ETFs) recorded their biggest day of net inflows ever on Monday, with flows across all funds totalling $1.01 billion. The development came as many key indicators had turned bullish and Ether (ETH) gained 45% in the past 30 days. Inflows into Ether ETFs far exceeded those of their Bitcoin (BTC) counterparts,…

Ether Profit Taking Ramps Up As ETH Hovers Near $4.3K

Ethereum holders are starting to take profits again as Ether has continued to hover around $4,300 and short positions suggest there’s some doubt of a continued rally. According to onchain analytics platform Glassnode, short-term Ether holders have been taking profit more aggressively than long-term holders, which could suggest short-term traders may be expecting a pullback…

Bitcoin Chart Signals Drop Below $117K Before Upside Continues

Bitcoin’s price chart indicates there could be further downside following a slight stumble on Monday with Bitcoin falling 2.6% over 24 hours, a crypto analyst says. “Quite ugly daily candle,” MN Trading Capital founder Michael van de Poppe said in an X post on Monday, after Bitcoin (BTC) fell 2.60% from $122,200 to approximately $119,000…

Ethereum Core Dev Safe And Free After Being Detained In Turkey

Ethereum core developer Federico Carrone, known as “Fede’s Intern” on X, confirmed he has been released after being detained in Turkey for 24 hours over alleged links to an Ethereum privacy protocol.  “I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I…