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Less than a week after its debut, Evernorth, a newly formed XRP-focused treasury company, has emerged as one of crypto’s most profitable institutional entrants.
The firm’s swift accumulation of nearly $1 billion worth of XRP has already generated an estimated $75 million in unrealized gains, signaling that Wall Street’s quiet pivot toward the token may already be underway.
The $1 billion XRP...
Mt. Gox just pushed its repayment deadline again from this Friday to Oct. 31, 2026, with court approval.
The one-year extension, effectively diffuses near-term sell pressure, turning what could have been a sharp supply event into another drawn-out administrative cycle. Much like prior phases, repayments are expected to filter through exchanges, custodians, and OTC venues in waves rather than...
Bitcoin, the world’s largest and oldest blockchain, is confronting an existential question of how much data should live on its ledger.
A new proposal, Bitcoin Improvement Proposal 444 (BIP-444), seeks to roll back a recent OP_RETURN upgrade that allowed users to attach text, images, and digital signatures to transactions.
Its supporters call it a necessary defense against legal exposure. However...
Crypto markets started this new week with a surge powered by a rare alignment of favorable macroeconomic shifts.
According to CryptoSlate data, Bitcoin climbed to a fresh intraday high above $116,000 before stabilizing near $115,587 as of press time. Notably, this is its highest price level in weeks and shows that it is within sight of its prior record.
Ethereum tracked the move, pushing toward $...
ChatGPT has quietly turned into the “busiest hangout” spot on the internet. What began as a productivity tool now draws crowds like a digital piazza with more than 800 million registered users and around 125 million of them showing up daily. Average session time? Roughly 14 minutes. That’s the kind of attention Facebook hasn’t seen since your aunt’s Candy Crush phase.
That’s why Meta’s nervous...
Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in cash against $8 million owed in fiat and $4 million in crypto.
The cease-and-desist order marked the second major Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023. Both firms shared the same founder.
The pattern forces...
The worst bull run ever? How institutions, memes, and macro turned crypto’s glory cycle into a grind
For a market supposedly in a bull run, it doesn’t feel like one. Sure, Bitcoin may have set a couple of record highs this cycle, but the rallies have been uneventfully yawn-inducing, and the corrections have been savage. Altcoins are down 90% or more. Retail has vanished. And even the diehards are wondering if this so-called bull cycle deserves the name at all.
This is, by many accounts, the...
Kraken’s record-breaking third quarter paints a vivid picture of a maturing crypto market and a grown-up company setting its sights on a long-awaited public debut. With $648 million in revenue and $178.6 million in adjusted EBITDA, Kraken posted its highest-ever profits in Q3, up 114% year-on-year. Unlike some of its counterparts that have struggled throughout this bearish bull cycle, Kraken has...
Bitplanet Inc. has purchased 93 BTC and initiated a daily Bitcoin buying program, positioning the company as a first mover in Korea’s public-market adoption of BTC for corporate treasuries. The Seoul-based firm says the transaction was executed entirely through regulated and compliant infrastructure.
“This transaction marks the first Bitcoin purchase by a publicly listed company in Korea executed...
The price of Bitcoin (BTC) rebounded past the $112,000 resistance level over the weekend, trading at $113,724 at the time of writing, according to CryptoSlate data. Bitcoin’s price breached the $113,000 mark for the second time this week—on Oct. 21, BTC was trading at $113,678.
The latest price movement has helped Bitcoin’s value recover nearly half of the losses from the price crash earlier this...