The State of Michigan Retirement System, the pension fund responsible for managing retirement programs for Michigan’s state employees, has strategically invested $6.6 million in spot Bitcoin exchange-traded funds (ETFs), specifically purchasing the ARK 21Shares Bitcoin ETF. This move underscores the fund’s optimistic outlook on the world’s leading digital asset. A recent Reuters report, citing a The post Institutional Bitcoin Adoption Surge: Michigan Pension Fund Invests $6.6M in BTC ETFs appeared first on Coin Edition .

2024-07-27 09:29

With an ulterior motive to solidify his position as a pro-Bitcoin candidate, Robert F. Kennedy Jr. has proposed a $615 billion federal purchase of Bitcoin if elected president. This ambitious plan aims to bolster the cryptocurrency’s status as a “store of value” and potentially position it as a competitor to gold in the U.S. Treasury’s The post Robert F. Kennedy Jr. Proposes $615 Billion Federal Bitcoin Purchase appeared first on Coin Edition .

2024-07-27 07:19

Wall Street is diving deeper into tokenization, transforming real-world assets into digital tokens on the blockchain. But there’s a catch: should they venture into the “Wild West” of decentralized finance, with its promise of automated financial services and potential for high returns, is a regulatory gray area. It is decentralized, opaque, and lacks the familiar The post Tokenization’s Temptations: Can Wall Street Tame the DeFi Frontier? appeared first on Coin Edition .

2024-07-27 07:10

Cardano’s Initial Coin Offering (ICO), conducted between 2015 and 2017, stands out as a remarkable success story in the cryptocurrency space. Raising 108,845 BTC during its ICO, initially valued at $62 million, the project has since experienced explosive growth. Cardano’s market capitalization has surged to $6.23 billion, with its token market value reaching an impressive The post Cardano’s ICO Success Story: From $62 Million to $15 Billion Market Cap appeared first on Coin Edition .

2024-07-27 06:54

According to a recent update from Token Unlocks, a leading crypto tracker, a massive influx of crypto assets worth a staggering $2.31 billion is scheduled to hit the market within the next 30 days. These significant token unlocks and issuances are expected to come from several high-profile projects, including Solana (SOL), Avalanche (AVAX), Wormhole (W), The post Token Unlocks Alert: $2.31B in Crypto Assets Set to Hit Market appeared first on Coin Edition .

2024-07-26 19:40

Former Securities and Exchange Commission (SEC) lawyer Marc Fagel has urged caution among market participants regarding excessive optimism surrounding a potential settlement in the ongoing legal battle between the SEC and Ripple Labs. The SEC recently rescheduled a closed meeting, sparking renewed hope within the XRP community for a potential settlement. However, Fagel has tempered The post Ripple Lawsuit: Former SEC Lawyer Warns Against Overly Optimistic Settlement Expectations appeared first on Coin Edition .

2024-07-26 19:10

Changpeng Zhao (CZ), the founder of Binance, will not be released from prison on August 30 as some had anticipated. His release from Federal Correctional Institution Lompoc II, a low-security federal prison three hours north of Los Angeles, is now scheduled for September 29, assuming no changes to his situation occur. Earlier this year, U.S. The post Why Binance Founder CZ Won’t Be Leaving Prison Until September appeared first on Coin Edition .

2024-07-26 18:40

bitFlyer, a Japanese crypto exchange, has acquired the Japanese branch of the now-bankrupt exchange FTX. FTX Japan will be rebranded after the purchase, initially operating under the temporary name New Custody Company until a new name is chosen. Operating a crypto exchange will become less of a primary focus for New Custody Company; instead, the The post bitFlyer Acquires FTX Japan, Rebrands as New Custody Company appeared first on Coin Edition .

2024-07-26 18:10

The crypto market is bracing for a potential shakeup as over $347 million worth of tokens are scheduled to enter circulation between July 29 and August 4, 2024. According to data from Token Unlocks, a substantial amount of tokens are set to be released, including W ($171.72 million), OP ($54.53 million), and SUI ($48.98 million), The post Upcoming Token Unlocks: A Closer Look at W, OP, SUI, and More appeared first on Coin Edition .

2024-07-26 17:40