Crypto News Center

Ethereum Price Drops 12% As Spot ETFs Witness Significant Net Outflows

The Ethereum price has been a joy to watch in recent weeks after initially struggling to keep pace with other large-cap cryptocurrencies. However, the past week will be a quick one to forget for the crypto market, especially the altcoin, which declined in value by over 12%. While this price slump experienced by Ethereum has been linked to the US Federal Reserve rate cut, the recent drab performances of the...

Australia’s super fund allocates $27 million to Bitcoin

AMP embraces Bitcoin, marking a milestone in institutional crypto adoption in Australia despite industry skepticism. Key Takeaways AMP allocated $27 million to Bitcoin, marking Australia's first super fund investment in the digital asset. The Bitcoin investment aims to enhance returns and manage risk as part of AMP's diversification strategy. AMP has become Australia’s first superannuation fund to invest in Bitcoin. The company confirmed Thursday it had allocated approximately $27 million,...

Marathon Digital Doubles Down on ‘Full-Hodl Strategy’, Boosts BTC Holdings and Unveils Dip Reserve

Marathon Digital acquired 6,474 BTC in November, raising total holdings to 34,794 BTC valued at US$3.3B. The purchase was funded by a US$1B zero-interest convertible senior note, with US$160M reserved for future Bitcoin buys. Marathon’s strategy reflects confidence in Bitcoin but raises concerns about debt-fueled acquisitions amid potential market volatility. Marathon Digital Holdings (MARA), a leading publicly traded Bitcoin mining firm, has significantly expanded its cryptocurrency reserves by acquiring 6,474...