Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
Bitwise Asset Management has reduced its workforce by 14%, with CEO Hunter Merghani expressing optimism for future industry growth and expansion.
Bitwise Asset Management reduced its global workforce by 14%, cutting approximately 155 employees due to a prolonged crypto market downturn and a 31% asset drop.
Despite a 29% price decline over three months, the number of XRP wallets holding over $1 million has notably increased.
Metaplanet has transferred 3,881 Bitcoin, with its unrealized losses approaching $1.4 billion, as the cryptocurrency market experiences volatility.
Japanese firm Metaplanet transferred 3,881 bitcoins, valued at approximately $247 million, between its own wallets. Bitcoin’s price was noted around $63,600.
Crypto.com now offers tokenized stock derivatives tracking over 1,500 U.S. stocks and ETFs, providing synthetic price exposure to investors.
Binance’s Chief Security Officer stated quantum computers pose no immediate threat to cryptocurrency theft, emphasizing current risks are different.
Erebor Bank is reportedly close to securing $1.5 billion in funding, valuing the company at $8 billion before the investment.
TON Strategy generated $15 million from staking Gram. Meanwhile, its operations consumed $10.6 million in cash during the first half of the year.
Significant investment in AI technologies is reportedly reducing liquidity in the crypto market. Potential Federal Reserve rate cuts could lead to a cryptocurrency bull run.