Category: Industry Insights
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Citigroup enters crypto custody market for ETFs and stablecoins in 2024
Citigroup explores custody services for crypto ETFs and stablecoins, joining JPMorgan and BNY Mellon. The global custody market exceeds $50 trillion.
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Coinbase completes $2.9 billion Deribit deal for crypto derivatives expansion
Coinbase finalized its $2.9 billion acquisition of Deribit, marking a major consolidation in crypto derivatives. The deal includes BTC and ETH options trading.
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ALT5 Sigma secures $1.5B from Trump-backed World Liberty Financial in 2024
ALT5 Sigma secured $1.5B funding from World Liberty Financial, backed by Donald Trump, marking a major fintech investment in 2024.
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Citigroup launches crypto custody for stablecoins and ETFs under 2025 US policy
Citigroup plans custody services for stablecoins like USDT and crypto ETFs, following US policy updates; $2B in assets targeted by 2025.
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Bitpanda launches UK operations with 500,000 user target by 2025
Bitpanda expands to the UK, targeting 500,000 users by 2025. The platform supports BTC, ETH, and ADA, with 3 million European users currently.
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Trump-affiliated company invests $50M in Bitcoin (BTC) treasury holdings
A Trump-affiliated company raised $50M to acquire Bitcoin (BTC), joining MicroStrategy and Tesla in corporate crypto holdings amid rising institutional interest.
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BtcTurk exchange loses $48M in June 22 hack affecting Bitcoin and Ethereum
BtcTurk exchange suffered a suspected $48M hack, impacting Bitcoin and Ethereum holdings. The incident occurred on June 22, affecting 500K users.
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TeraWulf secures $3.7B Google AI hosting deal with 500MW capacity
TeraWulf secured a $3.7 billion AI hosting deal backed by Google, causing its shares to surge by 22%. The deal involves 500MW capacity.
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Google funds TeraWulf’s $1.8B AI and Bitcoin mining project by 2025
Google invests $1.8B in TeraWulf, a Bitcoin miner expanding into AI. The project aims to merge crypto mining with AI infrastructure by 2025.
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Ripple CTO David Schwartz outlines XRPL’s 1,500 TPS capacity for global finance
Ripple CTO David Schwartz states XRPL was designed for global finance, handling 1,500 transactions per second with partners like Bank of America and SBI Holdings.
