Tag: Million

BlackRock, Fidelity, and ARK 21Shares clients sell $396 million worth of Bitcoin

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Key Takeaways $396 million worth of Bitcoin was sold today by clients of BlackRock, Fidelity, and ARK 21Shares, indicating a large-scale institutional outflow. The sales occurred through major Bitcoin exchange-traded funds (ETFs), reflecting institutional reactions to market volatility and economic signals. Share this article BlackRock, Fidelity, and ARK 21Shares clients sold $396 million worth of Bitcoin on Wednesday, marking significant institutional outflows from major crypto exchange-traded funds. The coordinated selling across multiple Bitcoin ETFs reflects institutional response to market volatility and economic signals. BlackRock, a prominent asset management firm, has…

$300 million liquidated from crypto market in one hour as Fed Chair delivers FOMC speech

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Key Takeaways Over $300 million was liquidated in the crypto markets due to volatility triggered by the Federal Reserve Chair’s FOMC speech. Lower interest rates may push investment into cryptocurrencies and other alternative assets. Share this article The crypto market faced $300 million in liquidations in the past hour as Federal Reserve Chair Jerome Powell delivered remarks during the Federal Open Market Committee speech, triggering immediate volatility across digital assets. The liquidations reflect heightened market sensitivity to central bank communications, as traders respond rapidly to policy signals from the Federal…

Vivek Ramaswamy’s Strive stock pumps 49% after Mike Alfred confirms 1 million share stake

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Key Takeaways Strive Asset Management’s stock jumped 49% after Mike Alfred purchased over one million shares. Strive’s acquisition of Semler Scientific aims to boost its Bitcoin holdings and position in corporate crypto acquisitions. Share this article Shares of Strive Asset Management (ASST) rallied 49% on Monday after hedge fund manager Mike Alfred said he purchased over one million shares of the Bitcoin-focused company, which recently struck a deal to buy Semler Scientific. “Strive is one of the most promising BTC Treasury companies globally trading at an attractive level. You simply…

Big Iran Bank Goes Bankrupt, Affecting 42 Million Customers

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One of Iran’s largest private banks has fallen into bankruptcy, with the assets of more than 42 million customers being absorbed by the Iranian state-owned lender, Bank Melli. Ayandeh Bank declared bankruptcy on Thursday after it accumulated $5.1 billion in losses and nearly $3 billion in debt, local media outlet Iran International reported on Friday. The bankruptcy was declared days after the Central Bank of Iran failed to rescue the bank, leaving officials with no option but to close it, which had operated 270 branches nationwide.  More than 42 million customers were…

Rumble to enable Bitcoin tipping for its 51 million users

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Key Takeaways Rumble is expanding creator monetization options with Bitcoin and crypto tipping. The move reflects a broader trend of digital platforms integrating decentralized payment solutions. Share this article Rumble, a video-sharing platform, plans to introduce Bitcoin and crypto tipping functionality for its 51 million users. The integration will allow creators to receive Bitcoin payments directly from viewers, adding to the platform’s existing monetization options. Rumble has been actively developing blockchain technology features to enable cryptocurrency tipping across various digital assets. The move aligns with broader industry trends toward crypto-enabled…

BlackRock’s IBIT purchases $107.8 million worth of Bitcoin

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Key Takeaways BlackRock clients bought $107.8 million worth of Bitcoin in a single day, showing strong institutional demand. BlackRock’s spot Bitcoin ETF facilitates easier exposure to digital assets for traditional investors. Share this article BlackRock’s IBIT purchased $107.8 million worth of Bitcoin today, reflecting continued institutional demand for the leading cryptocurrency through the asset management giant’s exchange-traded fund offerings. BlackRock, a global asset management company, has been actively expanding its cryptocurrency offerings through spot Bitcoin ETFs, facilitating client access to digital assets. The purchase signals ongoing institutional confidence in Bitcoin…

Modern Treasury acquires stablecoin startup Beam for $40 million

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Key Takeaways Modern Treasury acquired Beam, a stablecoin startup, for $40 million. The acquisition could expand Modern Treasury’s blockchain-based payment capabilities for enterprise clients. Share this article Modern Treasury, a payments company focused on streamlining fund movements, has acquired stablecoin startup Beam for $40 million. The acquisition integrates Beam’s stablecoin payment technology into Modern Treasury’s existing infrastructure, extending its capabilities in blockchain-based settlements and positioning the company to offer faster, lower-cost global payments for enterprise clients. Stablecoin ecosystems are increasingly backed by US Treasuries, driving private sector demand and aligning…

Tether’s USDT Stablecoin Reaches 500 Million Users

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US dollar-pegged stablecoin Tether hit its 500 millionth user on Tuesday, according to its CEO Paolo Ardoino, offering a means to transact and save for those who have been excluded by the traditional banking system. “Likely the biggest financial inclusion achievement in history,” Ardoino wrote in a post on X. Source: Paolo Ardoino Tether said the figure represents 500 million “real people,” not simply Tether (USDT) wallets, suggesting its stablecoin has now been used by around 6.25% of the world’s population. The World Bank Group estimates there are 1.4 billion…

Blockchain infrastructure firm Sign raises over $25 million in funding round led by YZi Labs, IDG Capital

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Key Takeaways YZi Labs and IDG Capital led a $25.5 million investment in Sign to advance sovereign blockchain infrastructure. Sign aims to bridge traditional finance with blockchain for national-scale digital identity and payment systems, targeting 50 million users in its first year. Share this article Blockchain infrastructure developer Sign has raised $25.5 million in a strategic investment round led by YZi Labs and IDG Capital, according to a Tuesday announcement. YZi Labs has doubled down on Sign after leading the company’s Series A round. The fresh capital will be used…

Tether USDT reaches 500 million users, as announced by CEO

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Key Takeaways Tether’s USDT stablecoin has surpassed 500 million users, as announced by CEO Paolo Ardoino. A significant portion of growth attributed to grassroots adoption and expansion in emerging markets. Share this article Tether’s USDT stablecoin has reached 500 million users, CEO Paolo Ardoino revealed via his official X account. The milestone reflects Tether’s focus on expanding digital dollar access in emerging markets, where USDT serves as a key tool for remittances and payments in developing countries. The stablecoin issuer has emphasized grassroots adoption efforts, working directly with communities to…