Everything web3, crypto, defi, degen
In brief Trump Media announced on Monday that it had purchased $2 billion in Bitcoin. The publicly traded firm unveiled its Bitcoin acquisition strategy in May. Shares of Trump Media are up roughly 6% following the announcement. Trump Media & Technology Group has purchased $2 billion in Bitcoin and BTC-related securities for its corporate treasury,…
In brief Bitcoin treasury company Strategy spent nearly $740 million on bitcoin purchases. The Tysons Corner, Virginia-based company now holds 607,770 digital coins—worth over $72 billion. Bitcoin was recently trading just below $119,000. Strategy, the world’s largest corporate holder of Bitcoin, announced Monday that it bought 6,220 Bitcoin worth $739.8 million. The Nasdaq traded company now…
In brief Block becomes the second crypto-facing firm in the S&P 500 index, two months after Coinbase. For over a year, Block has allocated 10% of its monthly profit from Bitcoin services to purchase additional Bitcoin. Industry observers say regulatory shifts are helping push crypto firms into mainstream acceptance. Block Inc., the fintech company led…
In brief SharpLink Gaming shares fell more than 20% on Friday. The decline came a day after the company submitted a regulatory filing to increase its stock sales target by $5 billion. The company purchased $48 million worth of ETH on Monday and $225 million on Tuesday. SharpLink Gaming shares closed down 20% on Friday,…
In brief MicroStrategy’s $70 billion Bitcoin holdings are spread across 9 potential custodians including Coinbase, BitGo, and Fidelity, but the exact distribution remains confidential under SEC Rule 83. Coinbase and MicroStrategy set stock records this week as crypto markets surge, though MicroStrategy has since pulled back while Coinbase keeps rising. Multiple companies launched or grew…
In brief Strategy keeps its $72 billion Bitcoin stash with multiple custodians, but won’t publicly name them, citing security concerns despite pressure from crypto community. Coinbase confirmed it’s one of Strategy’s custodians, while blockchain analytics firm Arkham claims to have traced 70,000 BTC to Fidelity. SEC filings reveal Strategy uses only NYDFS-regulated custodians, narrowing the…
In brief Pat McFadden, Labour MP and ally of Keir Starmer, said that the UK should consider banning crypto political donations. It came two months after Reform UK announced it would accept crypto donations, the first to do so in the nation. Ian Taylor, board advisor for digital asset advocacy group Crypto UK, said McFadden’s…
President Donald Trump is reportedly intensifying his pro-crypto agenda with plans to expand access to trillions from retirement funds and ease taxation for everyday crypto use.According to a June 17 report by the Financial Times, sources familiar with the matter say the President could soon issue an executive order allowing 401(k) retirement plans to invest…
In brief Electric vehicle maker Volcon said that it has raised $500 million to fuel a Bitcoin treasury. The company’s stock soared by nearly 135% on Thursday following the announcement. It is one of dozens of companies investing in Bitcoin, perhaps seeking lift its sagging stock. Shares of electric vehicle maker Volcon soared nearly 135%…
Ripple’s XRP surged to a new all-time high of $3.55 on July 17, climbing more than 36% over the past week and over 13% over the past 24 hours.The rally marked XRP’s first break above its 2018 peak and came amid a broader altcoin resurgence.The surge comes amid a wider altcoin rally led by Ethereum…
