News Explorer — Reddit Sold Off Most of Its Bitcoin and Ethereum

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Oct 30, 4:31 pm

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Reddit Sold Off Most of Its Bitcoin and Ethereum

Reddit disclosed in an SEC filing that it sold the majority of its Bitcoin and Ethereum holdings during the third quarter, stating the net value and gain were insignificant. Despite still holding some crypto, Reddit has distanced itself from previous crypto-related projects.

Reddit disclosed in an SEC filing that it sold the majority of its Bitcoin and Ethereum holdings during the third quarter, stating the net value and gain were insignificant. Despite still holding some crypto, Reddit has distanced itself from previous crypto-related projects.

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Oct 30, 11:20 pm

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Canary Capital, VanEck, and 21Shares Seek SEC Approval for Solana ETFs

Canary Capital, a new digital asset manager, has filed for a Solana exchange-traded fund (ETF) with the SEC, joining oth... Read Summary

Oct 30, 10:01 pm

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US Treasury Recommends Replacing Private Stablecoins With State-Backed CBDCs to Mitigate Risks

The U.S. Treasury Department's report suggests that privately issued stablecoins should be replaced by a state-backed ce... Read Summary

Oct 30, 9:18 pm

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Coinbase Q3 Revenue Fell to $1.2 Billion on Lower Trading Volumes

Coinbase's Q3 2024 revenue dropped to $1.2 billion, missing analysts' expectations, with a $75 million profit. The decli... Read Summary

Oct 30, 8:53 pm

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MicroStrategy Wants More Bitcoin, Plans to Raise Another $42 Billion

MicroStrategy, a Bitcoin development company, plans to raise $42 billion over three years to purchase more Bitcoin as pa... Read Summary

Oct 30, 8:50 pm

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FTX Exec Nishad Singh Avoids Lengthy Prison Term for Aiding in Fraud Case

Nishad Singh, former FTX chief engineer, received a sentence of time served and three years of supervised release. He cooperated in the case against ex-CEO Sam Bankman-Fried, aiding in fund recovery. Read Summary

Oct 30, 5:41 pm

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Risky Leveraged MicroStrategy ETFs Are Red-Hot Amid Bitcoin Boom

Demand for leveraged ETFs tied to MicroStrategy's stock, the largest corporate holder of Bitcoin, is rising as BTC nears... Read Summary

Oct 30, 5:02 pm

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FTX CEO Seeks Leniency for Exec Nishad Singh Over Bankruptcy Help

FTX's CEO has requested the judge to consider how a prison sentence for Nishad Singh could hinder his assistance in the... Read Summary

Oct 30, 4:31 pm

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Reddit Sold Off Most of Its Bitcoin and Ethereum

Reddit disclosed in an SEC filing that it sold the majority of its Bitcoin and Ethereum holdings during the third quarte... Read Summary

Oct 30, 2:07 pm

Coindesk

Optimism's Superchain on Ethereum Adds Bitcoin Layer-2 BOB

The Bitcoin layer-2 project BOB has integrated with Ethereum's Optimism "Superchain" ecosystem, receiving a grant of $87... Read Summary

Oct 30, 1:50 pm

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Africa's Crypto Community on Telegram Grew by 183% in One Year, Says Bitget

The growth of Telegram-based crypto communities in Africa surged by 183% from 2023 to August 2024, with predictions indi... Read Summary

Oct 30, 1:25 pm

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BlackRock Bitcoin ETF Sees Trading Volume Soar as Bitcoin Tests All-Time High

BlackRock's iShares Bitcoin Trust (IBIT) experienced a significant increase in trading volume, reaching $3.36 billion, t... Read Summary

Oct 30, 12:33 pm

DL News

Dubai Emerges as Crypto Hub With Its Own Regulator and Free Zones

Dubai's crypto scene is thriving, with $34 billion in crypto transfers to the UAE in the past year. The city boasts its... Read Summary

Oct 30, 11:19 am

DL News

PayPal's Crypto Holdings Dropped in Q3 Despite Rising Bitcoin and Ethereum Prices

PayPal's crypto holdings decreased in the third quarter, with Bitcoin and Ether holdings dropping despite price increase... Read Summary

Oct 30, 7:00 am

Unchained Crypto

BlackRock Leads Bitcoin ETFs as Funds See Over $5 Billion in Trading Volume

U.S. bitcoin ETFs experienced a significant trading day, with over $5 billion in total volume. BlackRock's IBIT led with... Read Summary

Oct 30, 6:49 am

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Florida State Official Wants to Explore Bitcoin Investment for Retirement Funds

Florida's Chief Financial Officer has requested a feasibility report from the State Board of Administration to explore i... Read Summary