Author: John Smith
Robinhood has agreed to a $45 million settlement with the United States Securities and Exchange Commission after its broker-dealer entities were found to have violated multiple securities laws. An SEC order made public on Jan. 13 claims that Robinhood Securities LLC and Robinhood Financial LLC committed over 10 violations of securities law provisions ranging from failures in reporting suspicious activity to safeguarding customer information, among others, “between at least 2018 and April 2024.” According to the commission, “both firms admitted certain findings in the order and agreed to be censured,” with Robinhood Securities consenting to pay a $33.5 million penalty…
Swiss crypto bank Sygnum has raised nearly $60 million in a strategic growth round as it plans further regional expansion. Digital asset Swiss bank Sygnum has raised $58 million in its Strategic Growth Round, pushing its value to over $1 billion and making it a “unicorn.” 📣 News: Sygnum Completes USD 58m Strategic Growth Round, Achieves Unicorn Status with 1bn valuation https://t.co/2bZnlcM6TWSygnum announces it has raised a total of USD 58 million in its oversubscribed Strategic Growth Round, giving it a post-money valuation of more than 1…— Sygnum Bank (@sygnumofficial) January 14, 2025 The bank said in a Jan. 14…
Crypto adoption reached 300 million users, nearly twice as fast as the internet and triple mobile phones. What are the factors behind this rapid adoption? According to a recent study by BlackRock, global crypto adoption reached 300 million users in just 12 years—a pace around 43% faster than the adoption of mobile phones and about 20% faster than the internet. By comparison, mobile phones took 21 years to hit the 300-million mark, while the internet reached that milestone in 15 years. Cryptocurrency adoption has outpaced both mobile phones and the internet, achieving 300 million users in just 12 years compared…
Gryphon Digital Mining received a 850-acre industrial site powered by natural gas in Southern Alberta, Canada from a signed agreement with Captus Energy for $18.7 million. According to Gryphon Digital’s press release, the Bitcoin (BTC) mining firm plans to use the recently acquired asset to further expand on its AI and high-performance computing data center infrastructure. Gryphon’s deal with Captus is expected to close before or some time in April 2025. Based on the agreement, Gryphon Digital will pay Captus $27 million CAD or equal to $18.7 million, which already includes $3 million CAD ($2 million) worth of four-year-long restricted…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Bitcoin’s rise, three cryptos under $5, Rexas Finance, Shiba Inu, and Dogecoin, could turn a $50 investment into $5000 in the next five months. Cryptocurrency remains a high-risk, high-reward investment avenue. Many cryptos under $5 have exponential potential as Bitcoin keeps rising toward unprecedented heights. Among those are Dogecoin (DOGE), Shiba Inu (SHIB), and Rexas Finance (RXS). Because of their special qualities, these tokens could turn a meager $50 investment into $5000 in the following five months. Rexas…
Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of outflows this year, as Bitcoin fell below $90,000 amid a broader market risk-off sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $284.19 million in net outflows on Jan. 13, extending their outflow streak to three days, during which over $1 billion exited the funds. Fidelity’s FBTC led the outflows on Monday, with $113.64 million exiting the fund, followed by ARK 21Shares’ ARKB, which saw outflows of $92.36 million. Grayscale’s GBTC and Bitwise’s BITB also contributed to the negative momentum, with investors withdrawing…
Is the newly formed Protocol Council the key to strengthening EigenLayer’s protocol security and supporting community-driven growth? On Jan. 14, EigenLayer (EIGEN) announced the formation of the Protocol Council to ensure protocol security and evaluate EigenLayer Improvement Proposals. The news was shared via a tweet from the Eigen Foundation. 3/ The Protocol Council maintains protocol security by reviewing/approving EigenLayer Improvement Proposals (ELIPs), ensuring all changes advance the protocol and support ecosystem growth.This marks a pivotal step in the evolution of EigenLayer’s decentralized governance.— Eigen Foundation (@eigenfoundation) January 13, 2025 EIGEN is a protocol built on Ethereum (ETH) that introduces restaking,…
Wall Street sees a potential 20% upside in MicroStrategy stock, citing its crypto-driven strategy. As reported by Seek Alpha on Jan. 13, Brett Knoblauch, who is the Head of Crypto and Digital Assets Research at Cantor Fitzgerald, said that he believes the MicroStrategy (MSTR) stocks would reach $613. Currently, the average price of MSTR on Wall Street sits at $518. If MSTR reaches $613, its stock prices would boost up roughly 20%. Cantor Fitzgerald just boosted their price target on $MSTR from $518 to $613. 👀 Getting a little cliche to say Trump insiders know something, but I like the…
Sony’s Soneium mainnet is officially live, offering creators faster, cheaper blockchain solutions and tools to connect with fans through NFTs and crypto. On January 14, Sony built on the success of its 2024 testnet, Soneium Minato—which has attracted over 15 million wallets and 50 million transactions—by launching Soneium, a blockchain mainnet that helps artists connect more directly with fans. Today is the day. Soneium Mainnet is LIVE! 💿Launched by Sony Block Solutions Labs (Sony BSL), a @Sony Group company, Soneium is a Layer 2 blockchain that empowers creators, fans, and communities to protect their rights, connect globally, and build an…
How will inflation, strong jobs data, and rising Treasury yields shape the Fed’s upcoming rate decision? The Federal Reserve’s Jan. 29 meeting looms large as markets eagerly await clarity on interest rate policy. With a 97.3% probability that rates will remain steady at 4.25%-4.5%, according to market forecasts, and just a slim 2.7% chance of a 25 bps cut, the Fed’s decision is increasingly tied to incoming data. Chair Jerome Powell clarified in the December meeting that future rate cuts would hinge on economic indicators—a point reinforced by the central bank’s gradual shift, with three recent rate cuts of 50…