Bitcoin News Today TheBitTimes.com

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Reports from Toutiao indicate that a leading Chinese fintech company is in discussions to acquire blockchain technology from the Venom Foundation. While details of the negotiations remain confidential, sources suggest the goal is to integrate Venom’s infrastructure into financial services that support the real economy, from supply chain finance to cross-border settlements. The talks echo a familiar pattern. Chinese companies have a track record of moving into blockchain and digital asset sectors through bold acquisitions or strategic pivots, triggering market reactions. One notable case came from the crypto exchange Huobi, which pursued a strategy of overseas acquisitions starting in 2018, buying licenses and platforms in Japan and Singapore after Beijing tightened domestic regulation. The strategy enabled Huobi to maintain a global presence despite restrictions at home, though it also underlined how Chinese players often rely on foreign partnerships to keep pace with glob...

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A heated debate over whether Ethereum is “dying” has erupted online after a Messari analyst flagged a sharp decline in the blockchain’s revenue, even after ETH hit an all-time high and stablecoin activity on the network surges. Messari analyst AJC highlighted on X that Ethereum generated $39.2 million in revenue in August, down 75% from $157.4 million in the same month in 2023 and 40% lower than last year’s $64.8 million. This marked the network’s fourth-lowest monthly revenue since January 2021. “Ethereum is dying,” he said . “Ethereum’s fundamentals are collapsing, but the .eths don’t care so long as the price goes up.” The analyst added that the decline in network fundamentals is “alarming,” despite ETH hitting a new all-time high of $4,953.73 on Aug. 24. ETH price chart (Source: CoinMarketCap )  EHT has since retraced over 13% to trade at $4,300.40 as of 3:17 a.m. EST.  A large part of...

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The first Dogecoin ETF could debut as early as next week, said Bloomberg analysts, adding that the possible launch comes with a new altcoin season already underway. In an X post , Bloomberg ETF (exchange-traded fund) analyst Eric Balchunas noted that REX Shares has filed an effective prospectus with the US Securities and Exchange Commission (SEC), which could lead to the launch of a DOGE ETF under the Investment Company Act of 1940. That same structure was used by REX to roll out a Solana staking ETF earlier this year, enabling it to launch a SOL fund ahead of its competitors. Unlike spot crypto ETFs that are filed under Form S-1 and 19b-4, the Investment Company Act of 1940 takes an alternative route. This lets REX Shares avoid some of the delays facing traditional crypto funds, which could lead to a decision only being given after 240 days.  If approved, the REX-Osprey DOGE ETF will trade under the ticker “$DOGE,” and will track the performance of the largest meme...

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