Decrypt
The new meme coin WEN has gained popularity on Solana following a large-scale airdrop to over a million wallets. Each wallet can claim an airdrop of 643,652 WEN, which has seen a price increase of 483% since the drop. While there were some outliers with inflated prices, the volatility of meme coins is to be expected.
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Blockworks
Meanwhile secures $82 million in funding from Bain Capital Crypto and Haun Ventures to meet the rising demand for Bitcoin-based life insurance, annuities, and savings products. The company's model combines traditional insurance structures with Bitcoin as a reserve asset, attracting investors seeking protection from inflation and currency devaluation.
Blockworks
Pineapple Financial Inc. has initiated its $100 million Injective Digital Asset Treasury by purchasing 678,353 INJ tokens worth $8.9 million. The company plans to stake these tokens for an expected annual yield of 12.75%, aiming to become the largest INJ holder.
Decrypt
Morning Minute, a newsletter by Tyler Warner, covers top news in the crypto world, including BTC and Gold hitting new all-time highs, BNB surpassing XRP in market cap, and Grayscale launching ETH ETF staking. MetaMask is set to introduce a rewards program distributing over $30M in incentives.
Coindesk
Elliptic's analysis reveals North Korea-linked hacking groups have stolen over $2 billion in crypto assets this year, the largest annual total recorded. The regime relies on cybercrime to finance its weapons programs, with recent attacks targeting individuals and high-net-worth holders.
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BlackRock's iShares Bitcoin Trust ETF (IBIT) has quickly become the asset management giant's most profitable exchange-traded fund, nearing $100 billion in assets under management in just 21 months. The Bitcoin ETF has outperformed established funds, generating $244.5 million in annual revenue for BlackRock.
Coindesk
Concerns have been raised by Ken Griffin, CEO of Citadel, regarding the surge in gold prices and its impact on the U.S. dollar's status as a global safe haven. The U.S. Dollar Index (DXY) has depreciated by approximately 10% this year, prompting investors to seek alternative assets like gold, silver, and bitcoin.
Coindesk
Morgan Stanley's Global Investment Committee suggests allocating up to 4% of portfolios to cryptocurrency for investors seeking "opportunistic growth." Other financial institutions like BlackRock and Fidelity recommend around 2%, while Grayscale and VanEck suggest 5-6%.
Decrypt
India plans to introduce an RBI-backed digital currency to discourage unbacked private cryptocurrencies, aiming for faster, traceable transactions and reduced paper usage. The government is heavily taxing cryptos to deter their use, emphasizing the need for legitimacy and security.
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VanEck predicts Bitcoin could reach half of gold's market cap, potentially hitting $644,000 per Bitcoin. The firm's long-term vision includes factors like institutional adoption and younger consumer interest in emerging markets.
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Shaw Walters, founder of Eliza Labs, believes in the value of structuring signals and speeding up execution for AI traders, rather than giving them money to make profits. ElizaOS, an open-source platform on Solana, focuses on building and managing AI agents and simulations with a "marketplace of trust" to track results and identify reliable sources.