Author: Sahil Thakur
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Robinhood posts $682M in Q2 2024 revenue
Robinhood surpassed Wall Street expectations for its second-quarter earnings, driven by a surge in interest in meme stocks and cryptocurrencies. This uptick in trading activity was partly due to the reemergence of meme-stock influencer Keith Gill, which reignited interest in stocks like GameStop. As a result, Robinhood saw a significant 69% increase in transaction-based revenue,…
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Brazil looks to become the first country with Solana ETF
The Brazil Securities and Exchange Commission (CVM) has given the green light for a Solana exchange-traded fund (ETF). This approval was listed in the CVM’s central database, as reported by local news outlet Exame. This Solana-based ETF is a first for Brazil and one of the pioneering Solana-based exchange-traded products (ETPs) worldwide. The initial Solana…
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Nasdaq Requests SEC Approval for Options Trading on BlackRock’s Spot Ethereum ETF
BlackRock recently filed a proposal for options trading and listing on its spot Ethereum (ETH) exchange-traded fund (ETF), iShares Ethereum Trust (ETHA). The proposal was submitted to the US Securities Exchange and Commission (SEC) on August 6 via the Nasdaq International Securities Exchange. According to the filing, the newly proposed iShares Ethereum Trust assets will…
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Semler Scientific buys 101 more Bitcoin
Semler Scientific, a healthcare company, has recently implemented a Bitcoin treasury strategy, acquiring an additional 101 Bitcoin (BTC). This brings their total holdings to 929 BTC over a span of just over two months. Since May, Semler Scientific has invested $63 million in Bitcoin as part of their broader plan to integrate the cryptocurrency into…
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Korean Stock Exchange suspends trading
The South Korean Stock Exchange, KOSPI has suspends all sell orders on stocks as the sell off in global equities intensifies. This comes after the Japanese stock market crash and the dip that Yen has been facing from a few months. On top of that, Goldman Sachs has increased the odds of a recession by…
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Trump suggests Bitcoin plan to erase $35T debt
Former President Donald Trump proposed an unconventional idea with Bitcoin to address the U.S.’s $35 trillion national debt: using Bitcoin as a payment to China. He suggested this bold move during an interview with Fox News’s Maria Bartiromo, stating, “Crypto is a very interesting thing. It’s very high-level in certain ways, intellectually very high-level. But…
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Bitcoin and Ethereum ETFs see positive inflows first time together
On August 1, 2024, U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) experienced joint positive inflows for the first time since the launch of nine spot Ether ETFs on July 23. This marked a significant event in the cryptocurrency ETF market. This influx of investments into spot Bitcoin and Ethereum ETFs reflects growing interest in…
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All Ethereum ETF list and performance
The Ethereum ETF finally went live on the 23rd of July 2024 after years of drama between the SEC and Ethereum. 7 months after Bitcoin ETF’s launch, which was the largest ever ETF launch, Ethereum’s performance was solid as well. Experts ranking it either above or below gold, which was the second largest launch. The…
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Russia legalizes crypto mining from Nov ’24
Russia’s State Duma has passed two major crypto-related laws. The first law, starting on November 1, 2024, legalizes cryptocurrency mining in Russia. It allows only registered legal entities and individual entrepreneurs with the Ministry of Digital Development to engage in mining. Unregistered individuals can operate mining rigs, but only within specific energy consumption limits. Oversight…
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Trump reportedly secured $25 millions in donations
At the Nashville Bitcoin Conference, former President Donald Trump reportedly secured $25 million in donations, as revealed by Fox Business journalist Eleanor Terrett. Terrett noted on X (Twitter) that this substantial amount was confirmed by Bitcoin Magazine CEO David Bailey. This fundraiser is part of a broader effort to engage with the crypto community. Since…