An unidentified entity has been accumulating Ether aggressively over the past week, buying 221,166 ETH as the asset rallied by 21%. In the past 24 hours alone, the “mysterious institution” bought $212 million of Ether, according to data analytics platform Lookonchain. The whale tracker said the entity is using six different wallets to store its Ether, which…

Crypto firms have been facing account closures and denials of banking services for years under the label of de-risking. Many in the crypto industry believe that the debanking represents a policy-driven effort to suppress digital assets, referred to as “Operation ChokePoint 2.0.” After President Donald Trump’s pro-crypto team won the 2024 US election, many believed…

World Mobile is launching a blockchain-enabled 5G network using drones to beam connectivity directly to users worldwide. The company partnered with Indonesian telecom firm Protelindo to create World Mobile Stratospheric, an initiative designed to bridge gaps left by traditional communication infrastructure worldwide. The project uses hydrogen-powered drones, flying at 60,000 feet in the stratosphere, to…

Traditional financial institutions are increasingly shaping the narratives in the crypto sector, and are poised to benefit the most from the current trends, according to Arthur Azizov, founder of B2 Ventures, a private “alliance” of crypto services and financial tech companies. Azizov told Cointelegraph that this market cycle has been dominated by institutional investors, investment vehicles…

Regulated Bitcoin investment banks are coming to El Salvador, following Thursday’s approval of El Salvador’s Investment Banking Law, which classifies investment banks under different regulations than commercial banks. Investment banks will now be allowed to hold BTC and other digital assets on their balance sheets and offer crypto services to “sophisticated” investors, the equivalent of…

BitMEX co-founder and Bitcoin billionaire Arthur Hayes has bought back into Ethereum just a week after selling a large tranche. Onchain data shows that Hayes offloaded 2,373 Ether, worth roughly $8.32 million at the time, when the token was trading near $3,507. The sale, which occurred about a week ago, locked in profits before Ether’s latest…