• Egyptian Fintech Startup Raises $3.5M in Seed Funding Round

    Egyptian fintech startup Mnzl has secured $3.5 million in seed funding, which it plans to use to enhance its lending technology and expand its operations. Co-founder Sameh Saleh stated that the company aims to empower families by providing financial leverage...

  • Robinhood Unveils Its Inaugural Cryptocurrency Staking Service

    Robinhood has unveiled its first cryptocurrency staking service, now accessible to European users. Additionally, the company has rolled out several new features for its European clientele. "Robinhood Crypto customers can now stake their Solana (SOL) directly through the app, earning...

  • Millennium Management reveals $2 billion in Bitcoin ETF holdings

    Global asset manager Millennium Management revealed on May 16 that it holds about $2 billion in spot Bitcoin exchange-traded funds (ETFs), constituting about 3% of its $64 billion total funds under management. This disclosure shows the firm's substantial investment in...

  • Expert Warns of Challenges Ahead for Ethereum Spot ETF Amid SEC Scrutiny

    Author and finance lawyer Scott Johnsson weighed in on the US Securities and Exchange Commission's (SEC) potential verdict on spot Ether exchange-traded funds (ETFs). He highlighted that the US regulator might consider “Ethereum security status” when deciding on an approval...

  • Analysts Advice Caution as Meme Stock Trade Returns

    Meme stocks are back in action after a cryptic tweet from “Roaring Kitty” whose legal name is Keith Gill and is a former Massachusetts Mutual Life Insurance marketer. While the euphoria in meme stocks is reminiscent of 2021 where retail...

  • Hong Kong Crypto ETFs Records $39.3M Net Outflow in a Single Day

    On May 13, Hong Kong's six spot Bitcoin and Ether exchange-traded funds (ETFs) recorded their largest net outflows since their launch on April 30. Investors withdrew $39.3 million from these Hong Kong crypto ETFs, erasing all the gains they had...

  • Long-Dormant Bitcoin Whales Shift $61.2M in BTC After a Decade

    Two Bitcoin Whales' wallets, which have been dormant for a decade, suddenly became active on May 12, as they transferred a total of 1,000 BTC, currently valued at approximately $61.2 million. Bitcoin Whales' Addresses Ranked as 4,353rd-Largest Holdings According to...

  • Hong Kong Police Arrest Businessman Linked to Crypto Investor Kidnapping

    Hong Kong authorities have arrested a local businessman connected to the abduction of a cryptocurrency investor. The arrest occurred after the businessman voluntarily turned himself in. The vehicle used in the kidnapping is reportedly owned by the businessman's family. Main...

  • Disney Scales Up Bundle Partnerships as It Works Towards Streaming Profits

    Disney has announced a bundle partnership with Warner Bros’ Discovery under which Disney+, Hulu, and Max would be available under one platform to subscribers in the US beginning this summer. In Disney’s release, Joe Earley, president of direct-to-consumer at Disney...

  • Robinhood’s Cryptocurrency Earnings Jump 232% Amid Ongoing SEC Dispute

    Robinhood has reported a substantial 232% increase in its cryptocurrency revenue during the first quarter, marking a period of significant financial growth for the trading platform. This surge is attributed to heightened bitcoin trading activity and higher interest rates. However,...