Investor Confidence Soars With $488M Inflows Into US Bitcoin ETFs

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows amounting to $488.1 million, with Fidelity’s FBTC leading the way. These inflows marked the 17th consecutive day of contributions from the 11 publicly traded funds. U.S. Spot Bitcoin ETFs See More Inflows on 17th Consecutive Winning Day U.S. spot bitcoin ETFs have been enjoying a … Read more

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal … Read more

The New Wave of AI Platform Coins in the Crypto Market and RACA’s Strategic Bet on 4090 GPU Graphics Cards

AI platform coins are emerging as a dominant force in the cryptocurrency landscape, effectively becoming the new breed of meme coins. Over the past 18 months, these coins have demonstrated remarkable resilience and growth, often outperforming even Bitcoin during market fluctuations. Every minor uptrend in Bitcoin’s price curve sees AI and meme coins not only … Read more

Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax

Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though the specifics have not been determined. This statement was made to clarify earlier reports by … Read more

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