Tag: Million

XRP Just Settled $291 Million On-Chain, Almost Nothing Hit Binance: Find Out What’s Happening

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XRP has reclaimed key price levels and is now testing resistance as the market builds toward what looks like a decisive move. The price is accelerating — from $1.41 at the time of the data snapshot to past $1.45 shortly after — and the momentum is drawing attention. But an XWIN Research Japan analysis is arguing that the force behind this move is different from what has driven XRP rallies in the past, and that difference is worth understanding. Related Reading The report identifies what it describes as a rare…

Key Figure Behind $20 Million Meta-1 Coin Fraud Receives 23 Years

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A Texas man found guilty of helping orchestrate a cryptocurrency scam project that defrauded $20 million from nearly 1,000 investors has been sentenced to 23 years behind bars by a US judge on Tuesday. US District Judge LaShonda Hunt sentenced Robert Dunlap, who served as a trustee of the project that sold the fictional token Meta-1 Coin, to prison and ordered him to pay restitution to victims of the fraud, according to the Illinois US Attorney’s office. Assistant US attorneys Jared Hasten and Paige Nutini said in the government’s sentencing…

Crypto Miner HIVE Targets $75 Million Offering to Fund AI Expansion – Crypto News Bitcoin News

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HIVE Raises Capital for AI and Data Centers HIVE Digital Technologies is preparing to raise $75 million through a private offering of exchangeable senior notes, as the crypto miner accelerates its push into data centers and artificial intelligence infrastructure. The company said it intends to issue $75 million in zero-interest notes due 2031, with an option for investors to purchase an additional $15 million. The securities will be offered to institutional buyers and can be exchanged into cash, shares, or a combination of both. The proceeds will go toward capital…

Sanctioned Crypto Exchange Grinex Pauses Operations After $14 Million Hack

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Sanctioned crypto exchange Grinex said it has suspended trading after losing more than 1 billion Russian rubles ($13.7 million) to an attack bearing signs of involvement by foreign intelligence agencies. The exchange, which is registered in Kyrgyzstan but has been linked to Russia’s crypto ecosystem and alleged sanctions evasion, said on Thursday that the funds were taken from 54 addresses and that the digital footprint and nature of the attack indicate an “unprecedented level of resources and technology available only to entities of hostile states.” “Due to the attack, the…

Brazilian Police Arrest Singers Linked to $320 Million Crypto Laundering Ring – Legal Bitcoin News

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Key Takeaways: The Federal Police arrested MC Ryan SP in a $320M crypto laundering ring, with suspects facing charges next. Operation Narco Fluxo busted a $320M crypto ring across 8 states, seizing assets to possibly compensate victims next. In November, Fernando Haddad noted Brazil will increasingly target future illicit crypto flows next. Operation Narco Fluxo Disbands $320 Million Crypto Money Laundering Ring Brazil keeps battling crypto crime and has completed yet another large operation to curb the illicit use of digital assets. According to local media, the Federal Police arrested…

Geopolitical Chaos Might Push Bitcoin Over $1 Million – Crypto News Bitcoin News

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Key Takeaways: Iran’s $1 bitcoin toll per oil barrel proposal bypasses weaponized fiat, fueling a shift to apolitical rails next. Bitwise CIO Hougan claims the $20M hypothetical daily toll proves bitcoin will soon act as both gold and currency. If bitcoin captures this new dual role, Hougan calls to update his $1M, 17% market share target up for BTC. Bitwise: Bitcoin Might Be Adopted As Currency Amidst Geopolitical Chaos The recent events surrounding the use of bitcoin as a possible means of payment to secure passage through the Strait of…

Bitcoin ETFs Add $186 Million as Broad Market Rally Continues – Markets and Prices Bitcoin News

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Key Takeaways Bitcoin ETFs added $186.03 million, with Blackrock IBIT driving $291.86 million in concentrated inflows. Ether ETFs gained $67.85 million over 5 days, signaling broader and steadier investor demand. XRP added $17.11 million and Solana $5.36 million, suggesting wider market participation may continue. Crypto ETFs Extend Gains With Strong Inflows Across Assets Momentum is no longer tentative. It is building. For a second straight session, crypto ETFs moved in unison, drawing capital across all major assets. The tone has shifted from cautious re-entry to something more confident, though not…

eToro Buys Self-Custody Wallet Firm Zengo for $70 Million

Trading platform eToro has agreed to acquire self-custodial crypto wallet provider Zengo for $70 million, paid primarily in cash, according to Bloomberg. The deal combines eToro’s 40 million registered users with Zengo’s keyless, multi-party computation wallet infrastructure – giving the publicly listed broker direct ownership of a custody layer it previously lacked. The structural implication extends beyond the disclosed price. Retail brokerages and fintech platforms are increasingly acquiring custody and wallet infrastructure rather than licensing or partnering with it, a pattern that reflects both competitive pressure and the difficulty of…

Morgan Stanley Bitcoin ETF secures $103 million in net inflows to outpace early market rivals

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Morgan Stanley’s newly launched spot Bitcoin exchange-traded fund has overtaken the WisdomTree Bitcoin Fund in total net inflows just over a week after entering the market. Summary Farside Investors data reveals the Morgan Stanley Bitcoin Trust reached $103 million in total net inflows following a $19.3 million daily gain on Wednesday. The fund surpassed the WisdomTree Bitcoin Fund’s $86 million total by utilizing a market-low 0.14% fee to capture immediate investor interest. Farside Investors data shows the Morgan Stanley Bitcoin Trust (MSBT) pulled in $19.3 million on Wednesday, pushing its…

Tether Backs $134 Million Funding Round for New Stablecoin Infrastructure – Crypto News Bitcoin News

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Key Takeaways: Tether joined a $134 million SDEV round, boosting stablecoin infrastructure investment. USDT’s 570 million users and $33 trillion volume show a shift from trading to real-world payments. SDEV aims to scale stablecoin tools, signaling broader adoption across finance next. Stablecoin Push Gains Momentum With Tether-Backed $134 Million Raise Tether has backed a $134 million funding round for Stablecoin Development Corporation (SDEV), a publicly traded firm aiming to expand access to the fast-growing stablecoin economy. The investment, which also drew participation from Framework Ventures and R01 Fund, underscores increasing…