Crypto News
State of Wisconsin’s $162B Investment Board Scoops up More Bitcoin ETF Shares
The State of Wisconsin Investment Board (SWIB) which manages $162 billion in public assets, bought almost $100 million worth of Blackrock’s Ishares Bitcoin Trust exchange-traded fund (Nasdaq: IBIT) units and invested another $63 million in Grayscale’s bitcoin ETF (NYSE: GBTC) in May 2024, per its filing. Its latest regulatory submission to the U.S. Securities andSource link
Javier Milei Backtracks on $4.4B Memecoin After ‘Insiders’ Pocket $87M
Argentina's president Javier Milei has backtracked on a tweet promoting a memecoin called Libra, which rose to a $4.4 billion market cap before plunging by more than 95%.In a now-deleted tweet, Milei initially wrote: "This is a private project dedicated to encouraging the growth of the Argentine economy," along with a Solana contract address linked to the Libra token.Libra rose by more than 2,000% in a 40-minute span following the tweet, only to tumble rapidly as a group of early holders began to cash out. X account KobeissiLetter shared a series of BubbleMaps screenshots showing that alleged "insiders" liquidate tokens by adding one-sided liquidity pools on Metora with only Libra, allowing them to remove SOL and stablecoins.Trading volume for Libra...
Tether Acquires Minority Stake in Juventus to Drive Blockchain Adoption in Sports
The acquisition of a minority stake in Juventus Football Club by Tether marks a strategic move into the sports industry which aligns with the company’s broader vision of integrating blockchain, AI, and digital assets into mainstream sectors. Tether Intends to Broaden Crypto Adoption in Sports Tether has announced its acquisition of a minority stake inSource link
Barclays Purchases $131M of Blackrock’s Bitcoin ETF
London UK-based Barclays Bank, one of the world’s largest financial institutions with more than $1.5 trillion in assets, purchased $131 million worth of Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF) in 2024. The details were revealed in a routine regulatory filing submitted on Thursday to the SEC. The move marks a sharp shift in theSource link
Binance’s Billion-Dollar Settlement Fuels Record DOJ Criminal Recoveries
The U.S. Attorney’s Office for the Western District of Washington has secured a record in criminal recoveries, largely driven by Binance’s settlement. Binance’s Billions Propel U.S. Attorney’s Office to Record Criminal Recoveries The U.S. Attorney’s Office for the Western District of Washington announced on Feb. 12 that it collected a record-breaking $1.5 billion in criminalSource link