Download App
iOS & Android

All Flash News

Bitcoin Conference tonight's agenda focuses on Bitcoin mining

The 2024 Bitcoin Conference will officially begin at 9:00 PM Beijing time tonight (8:00 AM local time in Nashville), with a focus on Bitcoin mining. Well-known mining companies such as Core Scientific and Riot Platforms will give speeches.

Coinbase's CB Payments Ltd. Fined $4.5 Million for Offering Services to High-Risk Customers

The Financial Conduct Authority (FCA) has fined CB Payments Ltd. (CBPL), a payments processor linked to Coinbase, £3.5 million ($4.5 million) for providing services to high-risk customers. Despite restrictions, CBPL offered e-money services to 13,416 high-risk customers. The FCA's action comes as the first spot Ether ETFs begin trading with BlackRock and Franklin Templeton, and as Ferrari announces it will accept crypto payments in Europe. The copper-to-gold ratio has also dropped, prompting speculation about the implications for the crypto market.

CryptoQuant analyst: Bitcoin Coinbase Premium Index turns negative, indicating a decline in demand from U.S. investors

CryptoQuant analyst IT Tech stated in a post that data shows that the Bitcoin Coinbase premium index has turned negative, indicating a decrease in demand from US investors.

China's Second Rate Cut Sparks Concerns of Instability in Global Markets

China's unexpected reduction in interest rates has caused panic and increased risk aversion in the market. According to one observer, the steepest risk is the steepening of the U.S. Treasury yield curve. On Thursday, risk assets declined as a result of China's second interest rate cut in a week, raising concerns about instability in the world's second-largest economy.

Hong Kong Securities and Futures Commission warns the public to beware of unlicensed virtual asset trading platform

The Hong Kong Securities and Futures Commission warned the public to beware of an unlicensed virtual asset trading platform called "" The Hong Kong Securities and Futures Commission listed and its related websites on the list of suspicious virtual asset trading platforms on July 25th, 2024. claims to provide cryptocurrency, stock, index, forex, and commodity trading services and has claimed to have a flagship store in Hong Kong and to be recruiting in Hong Kong, but it has never been licensed by the Hong Kong Securities and Futures Commission and has never applied for any licenses from the Hong Kong Securities and Futures Commission.

A user exchanged about $2.5 million of WIF for the Solana chain Meme coin MUMU

According to DEGEN NEWS, a user exchanged approximately $2.5 million worth of WIF for MUMU, a meme coin on the Solana blockchain. CoinGecko data shows that MUMU is currently trading at $0.00006237, with a 24-hour increase of 44.5%, and a market capitalization of over $135 million.

SEC Approves Nine Ethereum ETFs from Major Asset Managers, Potentially Reshaping Market Dynamics

The SEC has given the green light to nine Ethereum Exchange-Traded Funds (ETFs) from eight different asset managers, including VanEck, Grayscale, Bitwise, iShares, Invesco, Fidelity, 21Shares, and Franklin Templeton. The launch of the iShares Ethereum Trust ETF (ETHA) on Nasdaq is expected to be successful, following the iShares Bitcoin Trust's success, which saw over $20 billion in assets under management in its first six months. Analysts predict that these ETFs' approval could attract billions of dollars in inflows within months of their listing, driving up the spot price of ETH. The approval of Ethereum ETFs is seen as a significant moment for the blockchain ecosystem, increasing accessibility for institutional investors and validating Ethereum's role in decentralized finance and real-world asset tokenization. According to Zac Cheah, CEO of Pundi X, the introduction of Ethereum ETFs could bridge the gap between traditional finance and crypto, allowing investors to enter the crypto realm with confidence. Although the SEC has banned funds from allowing investors who stake ETH, the introduction of Ethereum ETFs could drive institutional adoption and attract up to $15 billion in net inflows by the end of 2025. On the first day of the ETFs going live, the nine offerings cumulatively witnessed inflows amounting to $106.8 million, with the iShares Ethereum Trust ETF and the Bitwise Ethereum ETF netting $266.5 million and $204 million, respectively. The launch of Ethereum ETFs has the potential to increase the value of not only ETH but also other projects built on its network. On the first day of trading, the nine ETFs received a total of $106.8 million in inflows, with iShares Ethereum Trust ETF and Bitwise Ethereum ETF receiving the most. However, the total inflow for ETH was only 17% compared to the launch of Bitcoin ETFs due to larger-than-expected outflows from the Grayscale Ethereum Trust. Despite this, the outlook for Ethereum ETFs and their impact on the digital assets landscape remains positive, signaling a new era for investing in cryptographic assets.

Galaxy Asset Management raises $113 million for its new venture fund

Galaxy Asset Management has raised $113 million for its new risk fund, which invests in early-stage startups focused on cryptocurrency software, infrastructure, and financial applications. Galaxy Ventures Fund I LP will seek to establish a portfolio of about 30 investments. The fund has already invested in projects such as Ethena, Monad, and Plume. Galaxy Digital Holdings stated in a statement on Thursday that the fund is expected to continue fundraising and reach its target of $150 million by next year at the latest. Will Nuelle, another general partner of the fund, said that each project is expected to receive an investment of $3-5 million, but the amount may vary.

Bitfarms adopts new poison pill to block Riot's hostile takeover attempt

Bitfarms, a Bitcoin miner, has implemented a new "poison pill plan" after winning a lawsuit against Riot Platforms over its first shareholder equity plan, aimed at helping to prevent Riot from acquiring the company. Riot announced on Wednesday that the original "poison pill plan" implemented by the Bitfarms board has been immediately stopped after applying to the Ontario Securities Commission. The adoption of the new "poison pill plan" still requires approval from the Toronto Stock Exchange, and Riot may again apply to the court to invalidate the plan.

Telegram CEO predicts mass blockchain adoption this year and will crack down on crypto scams

Telegram CEO Pavel Durov recently stated that 2024 is expected to be a critical year for blockchain adoption and "will go down in history as the year when hundreds of millions of people became familiar with blockchain. We are proud that Telegram is at the center of this social transformation. Durov further revealed: "We will also intensify our efforts to combat scammers targeting new users in the cryptocurrency field. Soon, Telegram will begin displaying the registration month and main country of public accounts (similar to Instagram). We will also allow organizations to use their bots to publish tags for channels, creating a decentralized market for third-party verification."