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Michael Saylor: Bitcoin Consolidating as Early Adopters Exit, Paving Way for Institutional Inflow

MicroStrategy Executive Chairman Michael Saylor believes Bitcoin is currently in a healthy consolidation phase. He suggests that long-time holders, often referred to as 'OG' hodlers, are selling small portions of their holdings to fund real-world needs, a natural progression that is setting the stage for larger institutional investors

XRP cryptocurrency coin with financial graphs in the background.

XRP and Dogecoin ETFs Launch to Record-Breaking Day, Trading $54.7M

The U.S. witnessed a significant milestone in cryptocurrency investment on Thursday with the debut of exchange-traded funds (ETFs) for XRP and Dogecoin. These new offerings from REX Shares and Osprey Funds garnered substantial investor interest, collectively trading $54.7 million on their first day. This strong performance signals a

FTX Set to Distribute $1.6 Billion to Creditors in Third Major Payout

The FTX Recovery Trust is preparing to disburse approximately $1.6 billion to creditors on September 30th, marking the third significant distribution since the cryptocurrency exchange's collapse in November 2022. This latest payout aims to further recover assets for users affected by the implosion that sent shockwaves through

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Canada's Largest Crypto Bust: RCMP Seizes C$56 Million and Shuts Down TradeOgre

In a landmark operation, the Royal Canadian Mounted Police (RCMP) have seized over C$56 million (approximately $41 million USD) in cryptocurrency, marking Canada's largest digital asset seizure to date. The operation also led to the shutdown of the cryptocurrency trading platform TradeOgre within Canada, a first for

A gavel rests atop various cryptocurrency coins on a surface.

Democrats Scrutinize Trump's Crypto Czar David Sacks Over Special Government Employee Status

Democrats in Congress are raising concerns about the tenure of David Sacks, President Donald Trump's top advisor on cryptocurrency and artificial intelligence. They are questioning whether Sacks, operating under a "special government employee" (SGE) status, has exceeded the legally permissible 130-day work limit for such positions.

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PayPal Revolutionizes P2P Payments by Integrating Bitcoin, Ether, and PYUSD

Global payments giant PayPal is set to transform peer-to-peer (P2P) transactions by enabling users to send and receive cryptocurrencies directly within its platform. This significant move, announced on Monday, will allow users in the U.S. to transfer Bitcoin, Ether, PayPal's stablecoin PYUSD, and other digital assets across

A robot with a circuit board highlighting "AI" technology.

From Bitcoin Rigs to AI Powerhouses: Miners Chase AI's Lucrative Future

Bitcoin miners are increasingly converting their energy-intensive operations into high-performance AI data centers. Companies like Core Scientific, Hut 8, and TeraWulf are swapping specialized ASIC machines for powerful GPU clusters, attracted by the explosive growth and higher revenue potential of artificial intelligence. Key Takeaways * Bitcoin miners are repurposing their existing