Global

In a surprising move that has caught the attention of investors and market analysts alike, the New York Stock Exchange (NYSE) has decided to withdraw its plans to list options on Bitcoin exchange-traded funds (ETFs).

In a notable shift towards digital asset investments, South Korea’s National Pension Service (NPS) has acquired 245,000 shares of MicroStrategy, valued at $33.75 million, during the second quarter of this year.

As the 2024 U.S. presidential race heats up, cryptocurrency is becoming a crucial issue for major candidates. Recently, Circle, a leading player in the digital assets sector, unveiled a new risk-based capital framework for stablecoins, underscoring the increasing need for clear and effective regulation in this rapidly evolving industry.

Despite a stable hashrate, Bitcoin's value has declined by over 6%, which has significantly impacted miners' earnings. However, U.S.-based mining firms have managed to increase their share of Bitcoin production, highlighting complex landscape for the industry.

Facebook’s parent company, Meta, has rejected recent claims suggesting that over half of crypto ads on its platform are scams. The Australian Competition and Consumer Commission (ACCC) had asserted in a federal court filing that 58% of the crypto ads reviewed were fraudulent.

The global digital assets market is experiencing significant turbulence as Bitcoin (BTC) ends its recent gaining streak, facing substantial volatility and downward pressure.