Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $ 24 billion claim to $ 200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $ 685 million lower priority claim, payable only …
Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $ 3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $ 3.82 Billion in Sales In …
This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $ 3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $ 3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the $ …
In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $ 88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $ 2.7 billion in the past two …
The rising trend of “re-staking” has driven significant cryptocurrency investments into platforms that reward users for locking up their tokens. Leading this movement is Seattle-based startup Eigenlayer, which secured $ 100 million in funding from Andreessen Horowitz’s crypto arm in February. Eigenlayer has attracted $ 18.8 billion worth of crypto to its platform …