Patrick holds a graduate degree in Life Sciences and discovered Bitcoin and crypto in 2018. With a strong analytical background, he has worked with and advised multiple projects in DeFi and real-world NFT applications. Passionate about blockchain innovation, he provides valuable perspectives on decentralized finance and asset tokenization, shedding light on emerging opportunities in the space.
Market News
Abu Dhabi-based investment firm MGX has made a bold entrance into the cryptocurrency industry with a $2 billion investment in Binance, marking one of the largest funding deals in the sector’s history. Announced on March 12, the transaction represents the first institutional investment in Binance, further strengthening the exchange’s financial position as it consolidates its
Market News
Renowned investor Ray Dalio, founder of Bridgewater Associates, has reiterated concerns over the United States’ mounting national debt, warning that a severe supply-demand imbalance could send shockwaves through the global economy. Speaking at CNBC’s CONVERGE LIVE event in Singapore on March 12, Dalio emphasized that the U.S. is attempting to sell a quantity of debt
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Sony’s Soneium blockchain is set to integrate LINE’s popular mini-apps, marking a significant collaboration between the Japanese tech and communication giants. This partnership aims to bring LINE’s mini-games on-chain, enhancing their functionality with blockchain-based rewards and digital ownership features. The integration will begin with four games—Sleepagotchi LITE, Farm Frens, Puffy Match, and Pocket Mob—which will
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Senator Cynthia Lummis (R-WY) has introduced the Bitcoin Investment and Treasury Oversight National (BITCOIN) Act. This legislative proposal would authorize the U.S. government to acquire 1 million Bitcoin and officially codify President Donald Trump’s strategic Bitcoin reserve initiative. The bill reflects growing political and institutional interest in Bitcoin as a monetary and financial asset for national
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Tokyo-listed investment firm Metaplanet has reinforced its Bitcoin accumulation strategy, announcing the purchase of an additional 162 BTC at an average price of $83,123 per BTC. The latest acquisition, worth approximately $13.5 million, brings the company’s total Bitcoin holdings to 3,050 BTC, valued at $249.4 million at current market prices. Metaplanet has steadily increased its
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The U.S. House of Representatives voted 292-132 on Tuesday to overturn an IRS rule that would have forced decentralized finance (DeFi) platforms to collect and report taxpayer information. The vote, which saw 76 Democrats join Republicans in opposition, marks a significant bipartisan pushback against crypto regulations finalised during the Biden administration’s final months. Lawmakers opposing
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Bitcoin Ordinals project Taproot Wizards is gearing up for a major auction of its signature Microsoft Paint-style cartoon wizards, marking its second high-profile NFT sale after last year’s successful Quantum Cats collection. The 2,121 NFTs, known as “magic internet JPEGs,” pay homage to a classic 2013 Bitcoin meme, “magic internet money,” and will be available
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Global asset management firm VanEck has officially registered an Avalanche (AVAX) Exchange-Traded Fund (ETF) in Delaware, signaling its continued push into cryptocurrency investment products. This move has given a hint about a potential spot AVAX ETF filing in the near future. According to public records from Delaware’s state website, VanEck filed the “VanEck Avalanche ETF”
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The cryptocurrency market faced a steep 20.2% decline in February, with a mix of security breaches, geopolitical uncertainty, and a slowdown in memecoin activity triggering a wave of sell-offs. According to Binance Research’s March “Key Trends in Crypto” report, the most significant factors behind the downturn included a record-breaking $1.46 billion hack on Bybit, mounting
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As markets face another significant downturn, CNBC’s Jim Cramer is urging investors to resist the urge to exit entirely, reminding them that stocks always find a bottom before recovering. Referencing the late CNBC anchor Mark Haines, who famously called the market bottom during the 2009 financial crisis, Cramer emphasized that history has shown that even
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Offchain Labs, the research and development firm behind Arbitrum, has unveiled a strategic purchase plan aimed at increasing its holdings of ARB, the native token of the Arbitrum ecosystem. This move signals the company’s long-term commitment to supporting the growth and development of its Layer 2 network. Unlike a one-time bulk purchase, the acquisition will
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The California Department of Financial Protection and Innovation (DFPI) has identified seven new types of cryptocurrency and artificial intelligence (AI) scams, following thousands of consumer complaints in 2024. According to a statement on March 10, the agency received 2,668 reports detailing novel fraud tactics not previously documented in its records. Among the newly identified schemes
