Whale transfers $50M in ETH amid ETF anticipation
With the approval of the spot Ether ETF in the US approaching, attention turns to its potential impact on Ethereum’s trajectory in the coming weeks.
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MicroStrategy raises $1.01B for Bitcoin acquisitions
MicroStrategy completes a $1.01 billion convertible note offering, allocating proceeds for Bitcoin purchases and debt repayment.

Hawkish Fed, stocks market rally, and crypto falling behind
Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has been falling behind the stock market after the Fed’s hawkish stance. 378 Total views 1 Total shares Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms,…

Michigan pension fund discloses $6.6M investment in Bitcoin ETFs
In an SEC filing, the state's pension fund disclosed holding 110,000 shares of the ARK 21Shares Bitcoin ETF as of June 30.

Bitcoin Price Approaches $8,600 as Top Cryptos See Slight Gains
Saturday, June 1 — most of the top 20 cryptocurrencies are reporting slight gains on the day by press time, as bitcoin (BTC) approaches the $8,600 mark.Market visualization courtesy of Coin360Bitcoin is up just over 1% on the day, trading at $8,532 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin…

Decentralized Social Media Platform Steemit Lays Off 70% of Staff Following Market Crash
Social networking platform Steemit is laying off more than 70 percent of its staff due to the cryptocurrency market crash, and is beginning a structural reorganization, according to a Nov. 28 video post by Steemit CEO Ned Scott.Steemit runs a decentralized application on the Steem blockchain, while its system is built around community-driven posting, evaluation,…

US Court Orders Dark Web Drug Dealer to Forfeit $150K in Bitcoin
A United States court has ordered Christopher Bania, who recently pleaded guilty to drug distribution, to give up almost 17 Bitcoin (BTC) — worth roughly $150,000 at press time.The plea, order and sentencingPer the Oct. 19 order from a court in Wisconsin, Bania will need to forfeit “Approximately 16.91880054 Bitcoin seized from Bania’s ‘Local Bitcoins’…

Cricket NFT startup Rario raises $120M in Series A funding
The nonfungible token startup has also formed a partnership with Dream Sports, an Indian sports technology company with more than 140 million users. 372 Total views 4 Total shares On Thursday, cricket nonfungible token (NFT) platform Rario announced that it secured $120 million in Series A funding in a round led by Dream Capital, the…

Crypto winter presents an opportunity amid chaos, says asset group exec
Alex Tapscott told Cointelegraph that bear markets lead to great ideas being formed and new businesses being built. 186 Total views 9 Total shares Bear markets often result in investors showing extreme fear in tools that measure the market’s sentiments. However, despite the uncertainties during a crypto winter, some prefer to focus on the opportunities…