Wednesday, June 24

Business

Kraken Launches Bitcoin Yield Product

Crypto exchange Kraken has launched a non-custodial Bitcoin product, giving a 2.5% yearly yield, adding to the company’s yield product offerings amid a rising investor demand for crypto reward products.Kraken unveiled the product on Wednesday with the support of crypto…

AfDB appoints Keyamo to drive Africa aviation reform

The African Development Bank has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, as the African champion for its newly unveiled Integrated Aviation Transformation Programme for Africa, a $7bn initiative aimed at repositioning the continent’s aviation industry. According…

Bitcoin Struggles To Hold K As Investors Pivot To Stocks, AI

Key takeaways:Bitcoin’s drop below $75,000 marks a sharp decoupling from a record-breaking stock market fueled by the AI boom.Crypto trader sentiment remains weak as key US regulatory acts face ongoing delays.Bitcoin’s (BTC) rejection at $78,000 on Thursday marked a decoupling…

Dangote refinery reduces  forex pressure on Nigeria — Report

The Economist Intelligence Unit has said the operational ramp-up of the 650,000-barrel-per-day Dangote Petroleum Refinery and Petrochemicals is reducing pressure on Nigeria’s foreign exchange market by cutting the country’s dependence on imported refined petroleum products. In its latest assessment on…

Lagos customers urged to report electricity issues to LASERC

The Lagos State Electricity Regulatory Commission has urged electricity consumers in the state to escalate unresolved power complaints to the commission after reporting such issues to their distribution companies. LASERC made the call following the resolution of a year-long electricity…

Crypto-Linked Payment Card Volume Surges 230% Since May 2025

Monthly payment volume on crypto-linked debit and credit cards is up about 230% over last year, amid a proliferation of crypto-related payment products.Cumulative volume on crypto-linked payment cards reached $7.8 billion this month, according to The Kobeissi Letter, a market…

Bitcoin Miner Inflows Test BTC Demand Near K

Bitcoin (BTC) miner inflows to Binance crossed 20,000 BTC for only the second time this year, placing fresh pressure on Bitcoin’s daily uptrend near the $75,000 support zone. Will BTC defend its higher-timeframe bullish structure, or is the market on…

NAKA Down About 65% YTD and Over 99% From its All-Time High

Nakamoto (NAKA) is trading down more than 10% on Wednesday just days after the Bitcoin treasury company completed a 1-for-40 reverse stock split undertaken to stay compliant with the Nasdaq stock exchange’s listing criteria. NAKA stock is down by about 67%…

Bitcoin, Altcoins Selloff Amid Rising ETF Outflows

Key points:Bitcoin is under pressure as net outflows from the BTC ETFs highlight a shift in institutional investor sentiment.Most major altcoins look weak, suggesting the bears are in control.Bitcoin (BTC) fell below $75,000 on Wednesday, indicating that the bears are…

Mastercard Secures New York BitLicense for Crypto Operations

Mastercard’s US transaction services unit has received a BitLicense from the New York State Department of Financial Services (NYDFS), allowing the payments giant to conduct regulated digital asset business activity in the state.The company announced the license approval on Wednesday,…

StakeDAO vsdCRV Attacker Limited to K By Thin Liquidity

An attacker minted more than 5.4 trillion vsdCRV on Arbitrum after a suspected compromise of a StakeDAO-linked deployer key, though thin liquidity limited the realized proceeds to about $91,000.Blockchain security firm PeckShield said Wednesday the attacker swapped part of the…

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