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Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities. … Read more
White House cryptocurrency director David Sacks will hold a press conference on Tuesday, Feb. 4, at 2:30 p.m. ET to discuss the U.S. digital asset strategy. White House to Outline U.S. Digital Asset Strategy in Press Conference Reports and a recently published memo state that David Sacks, who serves as President Donald Trump’s artificial intelligence … Read more
Contrasting ETF fortunes, bitcoin ETFs experienced a weekly inflow of $560 million, while ether ETFs saw outflows of $45 million. Growing Investor Preference for Bitcoin ETFs Reflected in Reduced Capital Inflows for Ether ETFs Bitcoin and ether exchange-traded funds (ETFs) experienced mixed fortunes in the last trading week of Jan. 2025. According to Sosovalue‘s weekly … Read more
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, El Salvador de-risks its economy from bitcoin, Coinbase launches in Argentina, and Hive Digital expands its operations in Paraguay. El Salvador Complies With IMF Requirements: Bitcoin Legal Tender Status Withdrawn … Read more
This weekend, proponents of bitcoin and digital asset enthusiasts have fixated on a striking development: the blockchain’s mempool—a holding zone for pending transactions—has nearly evaporated, while daily transfer volumes have plunged to notable lows. Though many proponents cheer this shift as a sign of operational efficiency, dissenters argue it signals troubling stagnation for the protocol’s … Read more
Recent data reveals the stablecoin sector has grown by an additional $14.429 billion in value since Jan. 1, signaling renewed momentum in digital asset markets. Leading this upward trajectory, the dollar-pegged sky dollar (USDS) experienced a 116% growth spurt during the same period, outpacing its peers in the top ten pack to claim the most … Read more
According to the latest statistics, following the first week of January, the number of unconfirmed transactions in the mempool has plummeted from slightly more than 200,000 to the current 7,723—a low not seen since 2022. Bitcoin Blockchain Activity Dips—Mempool at Lowest Level Since 2022 Transfer activity on the Bitcoin blockchain has diminished markedly since Nov. … Read more
Tether Holdings’ Q4 2024 report showed the company’s dominance of the stablecoin market with yearly net profits exceeding $13 billion. Tether Hits All-Time Highs in U.S. Treasury Holdings Tether Holdings Limited has released its Q4 2024 attestation, confirming record-breaking financial performance with net profits exceeding $13 billion for the year. The report, conducted by BDO, … Read more
The 2024 state of crypto report by Gemini examines the factors driving crypto adoption for the youngest generation of investors. Gen Z Are Driving Crypto Adoption A recent survey by Gemini reveals that Gen Z is leading global crypto adoption. Over 51% of respondents aged 18-29 report having owned or currently own cryptocurrency. This rate … Read more
Tether announced that USDT will be integrated into the Bitcoin ecosystem, including both its base layer and the Lightning Network. Bitcoin’s ‘Unmatched’ Decentralization Stablecoin issuer Tether announced Jan. 30 that USDT will be integrated into the Bitcoin ecosystem, including both its base layer and the Lightning Network. The company said the integration combines Bitcoin’s “unmatched” … Read more
