Underdog has filed the first seven sports event-contract templates for UDX, the federally regulated exchange it acquired in March. The filings target an initial listing no later than July 17, moving Underdog closer to controlling its own contracts rather than relying exclusively on outside exchanges. Underdog moves from distributor to exchange operator Underdog’s newly acquired […]
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Nigerian President Tinubu Signs Executive Order to Regulate Country’s Crypto Sector
Nigerian President Bola Tinubu has signed an executive order on virtual assets to address a fragmented regulatory landscape and protect citizens from fraud. Addressing Regulatory Gaps Nigerian President Bola Tinubu has signed an executive order aimed at regulating virtual assets and cracking down on unregistered operators, the government announced on July 17. The order establishes […]
Read More$1.38 Billion in One Month: How Venezuela’s Binance P2P Market Now Rivals Its Oil Exports
According to Econalitica, an economic consulting firm, Binance P2P volumes reached nearly 1.38 billion USDT between June 11 and July 13, a daily average of 44 million USDT. These numbers represent 75% of the national oil exports’ monthly volumes, underscoring the relevance of crypto markets. USDT Trading Hits Record Levels In Venezuela While Venezuela has […]
Read MoreBitcoin Traders Pull BTC Below $63K as Middle East Tensions Trigger Fresh Risk-Off Selling
Bitcoin fell for a second straight day, dropping 1.4% to trade just under $63,600. It hit a session low of $62,732 early Friday, trimming its market cap and dragging the aggregate crypto market capitalization down 1.8% to $2.26 trillion. Tech Sell-Off and Geopolitical Tensions Weigh on Markets Bitcoin trended lower for a second consecutive day […]
Read MoreTether’s USDT Is Adding Over 30 Million Wallets Every Quarter, CEO Paolo Ardoino Says
Tether CEO Paolo Ardoino says USDT’s user base is growing by more than 30 million wallets per quarter, extending the stablecoin’s lead as its market capitalization hovers near record levels. Growth That Shows No Signs of Slowing Down Ardoino’s latest growth figure is the newest in a series of adoption statistics the chief executive has […]
Read MoreInvestors Push $79M Into Bitcoin ETFs as Ether Funds Lose $28M
Crypto ETF demand split sharply on Thursday, July 16, as bitcoin products drew $79.15 million while ether funds lost $28.04 million. XRP and Solana ETFs also attracted fresh capital, while T. Rowe Price launched a multi-token fund with an unusually large HYPE allocation. Bitcoin ETFs Extend Their Inflow Streak to Three Days Wall Street’s crypto […]
Read MoreA16z-Linked Whale Dumps $28 Million in HYPE as Token Slides 10% in a Day
A whale wallet linked to venture firm Andreessen Horowitz (a16z) deposited 437,000 HYPE worth $28.38 million to exchanges over two days, as HYPE fell by nearly 11%. HYPE Faces Increasing Market Pressure The whale moved the tokens onto Hyperliquid itself along with centralized exchanges OKX, Bybit and Gate, the standard route for converting a large […]
Read MoreGrant Cardone Stacks Another 10.5 Bitcoin From July Rent Cash Flow, Keeping Holdings Above 2,700 BTC
Real estate mogul Grant Cardone said Cardone Capital added another 10.5 BTC from July property cash flow, bringing his total keep somewhere around 2,700 BTC. A Growing Stack That Shows No Sign of Stopping Cardone disclosed the purchase earlier today, the latest in a string of monthly buys funded by rent checks rather than debt […]
Read MoreMorgan Stanley Completes E*Trade Crypto Rollout With 50 Basis Point Fees: Here’s What Clients Get
Morgan Stanley’s E*Trade finished rolling out spot bitcoin, ether and solana trading to U.S. clients on July 16, undercutting rivals with a 50-basis-point fee as Wall Street’s crypto race accelerates. What’s on Offer The completed rollout means eligible E*Trade clients can buy, sell and hold the three largest non-stablecoin digital assets inside the same interface […]
Read MoreMusk’s SpaceX Breaks Below Its $135 IPO Price After a 42% Collapse From Its Peak
SpaceX (Nasdaq: SPCX) fell 3.08% to close at $131.11 yesterday, its first finish below the $135 initial public offering (IPO) price since the rocket maker’s record June debut. A Retreat Ensues The close capped a multi-day slide for Elon Musk’s rocket company, given shares had already touched an all-time low of $132.75 intraday on Wednesday […]
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