MicroStrategy Reveals its Bitcoin Reserves Have Risen to 226,500
In the second quarter of this year, MicroStrategy reported a net loss of $102.6 million or $5.74 per share.
South Korea’s Regulator Requires Crypto Exchanges to Pay a Supervisory Fee
Major cryptocurrency operators in South Korea will now need to pay a supervisory fee as part of the recently implemented Virtual Asset User Protection Act.
Hong Kong’s Largest Brokerage Firm Launches Crypto Trading
Futu Securities International, the largest online brokerage in Hong Kong, recently announced that it now offers cryptocurrency trading for its 22 million customers.
Ethereum ETFs Post $77.2M in Outflows
Ethereum ETFs experienced net outflows of $77.2 million on July 31.
Grayscale’s Bitcoin Mini Trust Starts Trading
Grayscale Investment’s smaller version of the Grayscale Bitcoin Trust officially began trading yesterday after receiving approval from the US Securities and Exchange Commission.
Tether’s First Half Profits Reach $5B
Tether, the issuer of a popular stablecoin, yesterday announced record net profits of $5.2 billion in the first half of the year, driven by the surge in the market cap of their flagship cryptocurrency, USDT.
SEC Charges BitClout Founder with Fraud
The US Securities and Exchange Commission (SEC) has accused BitCloud founder Nader Al-Naji of fraud for using investors’ funds to pay for luxuries, including rent for a mansion in Beverly Hills.
