Everything web3, crypto, defi, degen
In brief Bitcoin’s dominance fell to 57.8% of the crypto market. XRP and Dogecoin led gains among altcoins. Altcoin season could happen, but it probably won’t hit the same way, according to Hashdex’s Gerry O’Shea. XRP and Dogecoin led altcoins higher on Friday as Bitcoin’s dominance fell to a 12-day low.The Ripple-linked token was recently…
In brief Ethereum’s price hit $4,000 on major exchanges on Friday. The coin has made a comeback in recent months amid a surge in ETH treasuries. Ethereum’s blockchain has experienced a flurry of activity this week. Ethereum’s price touched $4,000 per coin on Friday for the first time since last December on a number of…
In brief Block purchased 108 BTC during Q2 with a cost basis of $11 million. Its total bitcoin investment is now valued at $1.15 billion, with $2.14 billion coming from Bitcoin sales through Cash App. The company recognized $212.2 million gain on bitcoin remeasurement during the quarter. Jack Dorsey’s Block Inc. continued its bitcoin accumulation…
In brief Ethereum treasuries have bought up billions in ETH. Standard Chartered analyst Geoffrey Kendrick thinks they may get investors better value for money than ETFs. The price of ETH has rallied as institutions pile into the asset. Buying shares in Ethereum treasuries is a better investment than buying ETH exchange-traded funds, an analyst wrote…
In brief SharpLink Gaming has bought even more Ethereum, adding $264.5 million in digital coins to its treasury. The Nasdaq-listed firm has pivoted its focus to accumulating ETH. Ethereum was trading above $3,630, down a few fractions of a percentage point over the past 24 hours. Ethereum treasury SharpLink Gaming bought $264.5 million in Ethereum…
In brief DeFi Development Corp. bought another 110,000 SOL for around $18 million. The firm now holds more than 1.23 million SOL, all acquired since starting its treasury strategy in April. Shares jumped 10% on Monday, extending its year-to-date gains to more than 2,100%. Publicly traded real estate software firm DeFi Development Corp. bolstered its…
In brief Bitcoin miner BitMine Immersion now holds $3 billion in Ethereum. The miner is now accumulating ETH and is the third largest public crypto treasury. BitMine Chairman and permabull Tom Lee believes Ethereum is a Wall Street favorite. Bitcoin miner BitMine Immersion now has over $3 billion in Ethereum as the company races to…
In brief MicroStrategy aims for largest corporate treasury ever, Bitcoin or otherwise, by targeting 3-7% of total Bitcoin supply, with plans to raise $4.2 billion more through preferred stock offerings. Metaplanet launches massive $3.7 billion Bitcoin buying spree to reach 210,000 BTC by 2027. Coinbase’s Q2 earnings miss shows shifting crypto dynamics as revenue fell…
In brief Strategy’s co-founder Michael Saylor said the company could own 7% of the total Bitcoin supply in the future. The company now holds over 3% of the current supply, valued at $72 billion. Strategy first bought Bitcoin in 2020, kick-starting the now-popular crypto treasury model. Bitcoin treasury company Strategy’s co-founder Michael Saylor said on…
In brief Michael Saylor is marketing Strategy’s Bitcoin-backed preferred stock STRC to retirees, offering 9.5% yields versus 0.1-4% from traditional savings accounts. Strategy reported $10 billion quarterly profits as Bitcoin surged from $77,000 to $111,000, with the company now holding 628,800 Bitcoin worth $74 billion. The preferred securities are backed by collateral covering 120 years…
