Author: driver789
US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months. The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with Cointelegraph.Trad.Fi said the $650 million is not deployed capital but a credit pipeline that will be minted onchain, backed by committed senior credit facilities and signed Letters of Intent from anchor borrowers. The company said it currently has about $85 million in signed term sheets and…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
Ethereum price has dropped toward the $1,600 level despite reports that Tom Lee-backed BitMine acquired another 75,000 ETH worth roughly $123 million, as traders continue reducing risk ahead of the latest U.S. inflation data. Summary Ethereum price fell toward $1,600 despite reports that BitMine purchased another 75,000 ETH worth roughly $123 million. BitMine’s ETH holdings could rise to nearly 5.62 million ETH, bringing the company closer to its 5% supply target. Technical charts highlight $1,550 as a key support level, while ETF outflows and macroeconomic uncertainty continue to weigh on sentiment. According to market data, Ethereum (ETH) traded near $1,627…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain analytics firm Glassnode has revealed how the latest Ethereum cycle never reached a profitability threshold cleared in previous bull runs. Ethereum Has Seen Its Profitability Profile Compress This Cycle In a new post on X, Glassnode has talked about how the share of supply carrying a gain of more than 300% is currently looking on the Ethereum blockchain. Below is the chart shared by the analytics firm that shows the trend in this metric. The value of the indicator seems to have gone down over the…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is struggling below $1,700 as selling pressure and market uncertainty continue to define the short-term price structure. The asset has lost significant ground from the levels that briefly offered hope of a sustained recovery — but data from Arkham Intelligence has revealed an institutional development that reframes what is happening beneath the surface of the current weakness in a way that demands attention. Bitmine — the Ethereum treasury company founded by prominent investor Tom Lee, whose bullish macro calls and institutional credibility have made him one…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
Circle has launched cirBTC on Ethereum, introducing a wrapped Bitcoin token backed 1:1 by BTC and supported by onchain reserve verification through Chainlink Proof of Reserve. Summary Circle has launched cirBTC on Ethereum, offering a wrapped Bitcoin token backed 1:1 by BTC held in regulated custody. Chainlink Proof of Reserve has been integrated to provide onchain verification of cirBTC reserves and custody holdings. Circle said cirBTC will work with Circle Mint and is expected to expand to additional blockchains through Arc. According to Circle, cirBTC is now live on Ethereum and is designed to bring Bitcoin-backed collateral into institutional decentralized…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Data shows Bitcoin spot exchange-traded funds (ETFs) have continued to see outflows recently while Ethereum funds have diverged with inflows. Ethereum Spot ETFs Saw Net Inflows On Monday According to data from SoSoValue, Bitcoin and Ethereum spot ETFs have diverged in trend recently. “Spot ETFs” here refer to investment vehicles that allow investors to gain indirect exposure to an underlying asset. For Bitcoin and Ethereum, these funds launched in the United States back in January and July 2024, respectively. Whenever a trader invests in one of them,…
SBI Shinsei Bank will reportedly launch a service that rewards deposit customers with cryptocurrency exchange vouchers based on their account balances.According to a Nikkei report, customers will receive vouchers equal to 20% of their interest payments, in addition to their yen-denominated interest. The vouchers can be exchanged for Bitcoin (BTC), Ether (ETH) or XRP within a specified period. Customers would need to open an account with SBI’s crypto exchange arm, SBI VC Trade, to redeem the vouchers.The rollout turns a conventional savings product into a crypto on-ramp, potentially exposing mainstream bank customers to digital assets without requiring them to make direct…