FBI Drops Investigation of Kraken Founder Jesse Powell – News Bytes Bitcoin News
The FBI has ended its investigation into Kraken founder Jesse Powell, returning seized devices. The probe, unrelated to Kraken, stemmed from a non-profit dispute.
PENGU Hits Record Volume, Token up 20% – How Far Will it Go?
Pudgy Penguins (PENGU) token surged 20% amid whale activity and a potential ETF proposal, reaching a $2B market cap. Institutional interest and NFT market revival fuel its upward trend.
Spot Ether ETFs attract $533M, extend 13-day inflow streak to over $4B
Spot Ether ETFs attracted $533M in inflows, extending a 13-day streak to over $4B. BlackRock’s ETHA led with $426M, while Fidelity’s FETH followed. Institutional demand and shrinking ETH supply are driving growth.
BNB transactions hit 3-month high: Can rising utility fuel prices?
BNB transactions reach a 3-month high with 14.1 million transactions, driven by rising smart contract deployments and user activity. On-chain metrics suggest bullish momentum, with increased fees and TVL supporting potential price growth.
Canary’s SUI ETF Application Advances With SEC- Analyst Predicts All time High In August
Canary Capital’s SUI ETF application advances with SEC review, sparking bullish SUI price predictions. Analysts foresee potential all-time highs in August amid growing institutional interest.
Bitcoin To Back Loans? JPMorgan Explores Bold New Option
JPMorgan is exploring Bitcoin and Ethereum-backed loans, marking a significant shift in traditional finance’s approach to cryptocurrency as collateral, despite CEO Jamie Dimon’s past skepticism.
Everything You Need to Know About Azuki Elementals
Azuki Elementals is a 20,000-piece NFT collection expanding the Azuki universe with elemental-themed characters. Launched in June 2023, it sold out in 15 minutes, offering exclusive benefits to holders.
S. Korea’s FSS Asks ETFs to Cut Coinbase And MicroStrategy Stocks
South Korea’s FSS directs asset managers to reduce crypto-linked stocks like Coinbase and MicroStrategy in ETFs, reinforcing strict crypto investment rules despite earlier deregulation trends.
Stablecoin Flows are Directly Impacting Treasury Yields: Messari – “The Defiant”
Messari reports stablecoin inflows reduce Treasury yields, similar to quantitative easing. Stablecoin market cap grew 101% in 2024, impacting the $28T Treasury market. Yield-bearing stablecoins and tokenized Treasuries drive RWA sector growth.
BNB hits a new ATH of $804. How high can it go? Check forecast
BNB reaches a new all-time high of $804, with a market cap surpassing Solana. Analysts predict a potential rise to $900 due to bullish sentiment and increased retail interest.
