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Crypto News Today

Welcome to “Crypto News Today,” your daily summary of the AI Industry.

Trump’s campaign raised over $4 million in cryptocurrencies, marking a significant shift in political fundraising methods. This approach taps into a tech-savvy demographic and highlights the growing acceptance of digital currencies in mainstream finance. Read all about it on the TDR Website!

Marathon Digital Holdings (NASDAQ: MARA) has purchased $100 million worth of Bitcoin. This acquisition underscores the company’s commitment to increasing its Bitcoin holdings and strengthening its position in the cryptocurrency market.

BlackRock’s Robert Mitchnick stated that Bitcoin ETFs currently attract more investor interest than Ethereum funds. While spot Ether ETFs saw significant initial flows, they were overshadowed by outflows from Grayscale products, leading to a decrease in Ethereum’s price.

VanEck predicts on CNBC that Bitcoin could reach $2.9 million by 2050, driven by increased adoption, technological advancements, and regulatory clarity. However, they emphasize that this target depends on significant changes in market infrastructure, legal frameworks, and broader economic factors​.

Arkham Intelligence has integrated with Coinbase Wallet, allowing users to link their wallets to Arkham’s platform for detailed tracking of crypto holdings and transactions. This feature aims to enhance transparency and analytics for users, leveraging Arkham’s expertise in de-anonymizing blockchain data.

Jito has released code for a restaking protocol on Solana, enabling decentralized apps to secure themselves with various cryptocurrencies. This decision aims to broaden the staking utility by supporting multiple assets, unlike Ethereum’s EigenLayer, which is limited to Ether and its derivatives.

Staking in Ether ETFs is considered inevitable, with many issuers optimistic about its future inclusion. Despite regulatory challenges and current restrictions, the growing interest in Ethereum and staking’s potential benefits keep the industry hopeful about eventual approval​

Bitfarms (NASDAQ: BITF) has issued a new Rights Plan following the Capital Markets Tribunal of Ontario Securities Commission’s decision to cease their original Rights Plan, which was intended to protect against Riot Platforms’ takeover attempt. The new plan aims to ensure all shareholders are treated fairly during any acquisition attempts and will be effective until shareholder ratification in October​

Paysafe and Alchemy Pay have partnered to improve global crypto payments, allowing users in 130 countries to buy crypto using over 40 fiat currencies. This collaboration integrates Paysafe’s payment solutions, including Skrill and NETELLER wallets, into Alchemy Pay’s Fiat On-ramp, enhancing payment options and reducing transaction friction.

Read more crypto news on the TDR Website! 

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