Crypto

Source: Bitcoinist On-chain data shows the Bitcoin Hashrate has observed a sharp drop recently. Here’s what this could mean for the asset’s price. Bitcoin Mining Hashrate Has Plummeted Since Its Recent High The “Hashrate” refers to a Bitcoin metric that keeps track of the total amount of computing power that the miners have currently connected…

Source: Coin Tegraph Bitcoin-stacking Metaplanet bought at $96,185, while El Salvador bought at around $94,050 per Bitcoin. Read Full Article

Source: Coin Tegraph Large hedge funds playing the ETF arbitrage game are starting to unwind their positions, putting more selling pressure on Bitcoin, says BitMEX co-founder Arthur Hayes. Read Full Article

Source: Bitcoinist The Securities and Exchange Commission (SEC) closed its investigation into Robinhood Crypto (RHC) without pursuing enforcement actions. This move comes amid the Commission’s efforts to move away from its previous “regulation by enforcement” approach under the new industry-friendly administration. SEC Closes Robinhood Crypto Investigation On Monday, Robinhood announced that the US SEC’s Enforcement…

Source: Coin Tegraph The directors of the Securities and Exchange Commission’s regional offices will reportedly be soon out of a job as the agency looks to cut costs. Read Full Article

Source: Coin Tegraph Former FTX CEO Sam Bankman-Fried said he had not checked his email for the past few hundred days and that being employed is a lot less relaxing than it looks. Read Full Article

Source: Bitcoinist Strategy – the Bitcoin (BTC) treasury company formerly known as MicroStrategy – has scooped another 20,356 BTC in its latest cryptocurrency acquisition. The purchase has pushed the firm’s total holdings to 499,096 BTC. Strategy Continues To Stack Bitcoin In an X post today, Strategy co-founder and executive chairman Michael Saylor announced that the…

Source: Coin Tegraph The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining. Read Full Article

Source: Coin Tegraph The Dubai Financial Services Authority has recognized the first stablecoins under its crypto token regime: USDC and EURC. Read Full Article

Source: Coin Tegraph NYSE Arca has filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange. Read Full Article