Altcoin markets (excluding Ether (ETH)) recently saw $266 billion in net selling volume on centralized exchanges, the deepest reading since the metric began tracking spot demand in 2020.Altcoins accounted for 51% of Binance futures trading volume on June 16, compared…

United Capital Group, a leading pan-African investment banking and financial services group, has completed the acquisition of a five per cent equity stake in the Nigerian Exchange Group Plc. The financial institution announced the successful conclusion of the transaction on…

Key takeaways:Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs.Strategy’s STRC stock shows weakness, highlighting growing concerns over monthly dividend obligations and share dilution.The US stock market traded…

More than $12 million in crypto-aligned political action committee (PAC) media buys helped propel Barry Moore to victory in Tuesday’s Alabama Republican US Senate runoff over Barry Moore.The runoff was necessary after neither candidate was able to secure a majority…

Over 1,000 retirees of the Nigerian Airspace Management Agency are still awaiting their pension benefits years after exiting service, as they decry the prolonged delay and urge the Federal Government to urgently intervene. Former Director of Air Traffic Services at…

Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts tied to sports and casino-style gaming” in the Digital Asset Market Clarity (CLARITY) Act.According to a…

The Nigerian Railway Corporation has announced that all equipment involved in the June 8 Warri-Itakpe Train Service incident has been fully recovered, while affirming that all passengers and personnel on board have been accounted for. The corporation disclosed this in…

Bitcoin’s (BTC) latest bout of panic selling produced significantly smaller realized losses than those seen during the February correction. Realized losses peaked at $1.4 billion during the June decline, compared to $2.6 billion in February, while the buy-side liquidity on…

Falcon Aerospace Limited, a business aviation company in West Africa, has appointed former Director-General of the Nigerian Civil Aviation Authority, Capt Folayele Akinkuotu, as Director and Chairman of its Board of Directors, in a move aimed at strengthening its continental…

Crypto platform Blockchain.com has added 173 tokenized stocks and exchange-traded funds through a partnership with Ondo Finance, bringing its catalog of tokenized traditional assets to more than 430 offerings across Ethereum, Solana and BNB Chain.According to an announcement on Wednesday, the new…

Ride-hailing and mobility platform, LagRide, has handed over vehicles to another batch of its Captains under the company’s Drive-to-Own programme, reaffirming its commitment to promoting dignified transportation and creating pathways to asset ownership for drivers in Lagos. The vehicle handover…

Prediction market Kalshi has partnered with compliance software provider StarCompliance to launch a monitoring platform designed to help financial companies oversee employee activity on prediction markets, as the sector faces increased scrutiny over insider trading and the use of non-public information.According…

The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report on Nigeria. The government…

Two US lawmakers on opposite sides of the political aisle are backing a resolution that “under no circumstances should Samuel [SBF] Bankman-Fried receive executive clemency, including a pardon or commutation.”In a resolution to be introduced Wednesday, Republican Senator Cynthia Lummis…

The new core investor of Premier Paints, Xenergi Limited, has launched a tender offer for 2 million ordinary shares (representing a 1.6 per cent equity interest) in the company, the paint manufacturer stated in a regulatory filing on Tuesday. AIICO…