BDACS partners with Ripple to expand institutional crypto custody in South Korea, integrating Ripple Custody for secure storage of XRP, RLUSD, and other digital assets. BDACS, South Korea’s first regulated custodian for institutional digital assets, has announced a strategic partnership with blockchain firm Ripple. This alliance aims to expand secure custody services for XRP, RLUSD,…

Bitcoin miner MARA reports a 69% revenue increase in 2024, driven by Bitcoin’s price surge and strategic expansion into AI and energy infrastructure. MARA’s Q4 Revenue Hits Record $214.4 Million Bitcoin mining firm Marathon Digital Holdings reported a 69% year-over-year revenue increase in 2024, reaching $656.4 million, compared to $387.5 million in 2023. The…

Bitcoin ETFs face $755 million in outflows over seven consecutive days, while Ether ETFs see five days of losses, reflecting bearish investor sentiment. Bitcoin and Ether ETFs Experience Continued Investor Withdrawals Bitcoin exchange-traded funds (ETFs) recorded a seventh consecutive day of outflows on Wednesday, Feb. 26, with investors pulling out a total of $755 million.…

MEXC invests $20 million in USDe to boost stablecoin adoption and DeFi innovation, launching a $1 million rewards campaign to drive user engagement. Crypto Exchange Aims to Expand DeFi Innovation with Strategic Investment of $20 Million MEXC, a global cryptocurrency exchange, has announced a $20 million investment in USDe, the Ethereum-based synthetic dollar issued by…

Venture capitalist Vance Spencer criticizes U.S. proposals to restrict international stablecoin issuers from accessing the Treasury market, warning it could weaken dollar dominance. Read more on the stablecoin regulation debate. Venture Capitalist Warns of Negative Impact on U.S. Dollar Hegemony Vance Spencer, co-founder of Framework Ventures, has criticized efforts to restrict international stablecoin issuers from…

Russian crypto exchange founder Aleksei Andriunin has been extradited to the U.S. to face wire fraud and market manipulation charges. Prosecutors allege he used wash trading to inflate cryptocurrency volumes. If convicted, he faces up to 20 years in prison. Russian Crypto Founder Faces Fraud Charges in U.S. Aleksei Andriunin, the 26-year-old founder of cryptocurrency…

Robinhood met with the SEC’s Crypto Task Force, urging clear regulations for digital assets and criticizing the agency’s case-by-case litigation approach. Robinhood Challenges SEC’s Case-by-Case Crypto Regulation Robinhood Markets Inc. met with the SEC’s Crypto Task Force on February 19 to advocate for a structured regulatory framework for digital assets. The meeting addressed key issues…

DOJ launches an investigation into Argentina’s President Javier Milei’s ties to the Libra cryptocurrency project, examining potential fraud and influence peddling. U.S. Authorities Probe Allegations of Fraud in Libra Crypto Project The U.S. Department of Justice (DOJ) has reportedly opened an investigation into President Javier Milei’s involvement in the promotion of the cryptocurrency Libra and…

BlackRock has transferred $204 million in Bitcoin and Ethereum to Coinbase Prime, sparking speculation about its crypto strategy. Analysts suggest portfolio rebalancing or ETF-related adjustments. Bitcoin and Ethereum Adoption BlackRock, the world's largest asset manager, has transferred approximately 1,800 Bitcoin (BTC) and 18,168 Ethereum (ETH) to Coinbase Prime, totaling around $204 million. The move has…

Bitdeer Technologies Group posted a $532 million net loss for Q4 2024, citing major investments in proprietary mining hardware development as it pursues vertical integration in the Bitcoin mining sector. Revenue Decline and Rising Costs The company's quarterly revenue dropped 40% year-over year to $69.0 million, with gross profit plummeting from $27.0 million in Q4…