DeFi protocol Frax Finance has opened voting on whether to adopt BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as the primary reserve asset for its upcoming stablecoin, Frax USD (frxUSD). The voting period runs from December 27, 2024, to...
Japanese investment firm Metaplanet has announced its largest Bitcoin acquisition to date, purchasing 619.7 BTC for just under $60 million. Per data from Bitbo, this purchase, revealed in an announcement on December 23, nearly quadrupled the firm’s previous record...
Everyone now wants a piece of the Bitcoin pie. Aside from owning Bitcoin directly, there are indirect ways of gaining exposure, one of which is through spot Bitcoin ETFs, which have become popular thanks to the U.S. SEC’s January...
Bedrock has introduced brBTC, a new Bitcoin derivative, to enhance Bitcoin's role in decentralized finance (DeFi). Integrated into Bedrock's Liquid Restaking Token (LRT), brBTC addresses key challenges in the DeFi space, including fragmented liquidity and limited yield opportunities. By...
Japanese investment firm Metaplanet has secured 9.5 billion yen (approximately $60.6 million) through two bond issuances to bolster its Bitcoin acquisitions. In a December 20 X post, the Tokyo-listed company announced it successfully raised 5 billion yen (approximately $31.9...
OKX has introduced the Ordinals Launchpad, a new platform designed to help creators seamlessly launch and inscribe their projects directly on the Bitcoin blockchain. The platform equips creators with essential tools, visibility, and technical support to streamline the Bitcoin...
The total value of Hut 8’s Bitcoin holdings now exceeds $1 billion following a $100 million purchase. In a December 19 press release, the Bitcoin miner revealed that it had acquired 990 BTC at an average price of $101,710 per...
El Salvador has reached a $1.4 billion financing agreement with the International Monetary Fund (IMF) under a 40-month Extended Fund Facility. The deal, aimed at addressing the country's balance of payment challenges and advancing its reform agenda, comes with...
Hong Kong's newly proposed stablecoin bill passed its first reading in the city’s Legislative Council today, December 18, 2024. This move brings the city closer to establishing a robust regulatory framework for fiat-backed stablecoin issuers. During the presentation of...
Bitfinex predicts Bitcoin will reach $200,000 by mid-2025, following a year filled with significant milestones, including the launch of the first-ever spot crypto ETF. A recent report indicates that Bitcoin's halving event in 2024 typically signals a bullish market...
