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Tether-backed Bitcoin treasury firm Twenty One raises total financing to $685 million after second note sale

Tether-backed Bitcoin treasury firm Twenty One raises total financing to $685 million after second note sale

Twenty One Capital (ticker CEP), the new “Bitcoin treasury” company led by Strike founder Jack Mallers, has raised an additional $100 million by selling convertible notes, bringing its total capital raised to $685 million, according to an updated 8-K form on Thursday. The firm, financially backed by…

Bitcoin, crypto rally expected to resume after dip on hawkish Fed minutes, analysts say

Bitcoin, crypto rally expected to resume after dip on hawkish Fed minutes, analysts say

Bitcoin and cryptocurrency prices posted moderate losses following hawkish signals from minutes of the May 6-7 Federal Open Market Committee (FOMC) session released Wednesday.U.S. Federal Reserve officials flagged potential “difficult tradeoffs” tied to persistent inflation and looming recession ris…

Circle freezes $58 million in USDC linked to Libra memecoin scandal: Arkham

Circle freezes $58 million in USDC linked to Libra memecoin scandal: Arkham

Stablecoin issuer Circle has frozen two wallet accounts linked to the Libra memecoin scandal, containing around $57.6 million in USDC, Arkham reported Wednesday.According to screenshots provided by Arkham, one frozen Libra wallet contains $44.59 million in USDC, while another, the deployer wallet fo…

Eric Trump says Michael Saylor inspired their crypto aspirations as president’s sons predict Bitcoin can ‘clear’ $170,000

Eric Trump says Michael Saylor inspired their crypto aspirations as president’s sons predict Bitcoin can ‘clear’ $170,000

President Donald Trump’s eldest sons, Don Jr. and Eric, both think Bitcoin could clear $170,000 by the end of 2026, according to price predictions they offered on stage Wednesday at the Bitcoin 2025 conference in Las Vegas, Nevada.More specifically, Don Jr. thinks Bitcoin could trade "between $175,0…

GameStop buys 4,710 bitcoin for corporate treasury: filing

GameStop buys 4,710 bitcoin for corporate treasury: filing

Video game retailer GameStop said Wednesday it acquired 4,710 bitcoin, according to a Form 8-K filing with the U.S. Securities and Exchange Commission. The company did not disclose the total amount spent on the purchase.With bitcoin trading around $109,080 on May 28, according to The Block’s price p…

Trump’s crypto czar David Sacks outlines pathway to expand US Strategic Bitcoin Reserve

Trump’s crypto czar David Sacks outlines pathway to expand US Strategic Bitcoin Reserve

During a fireside chat with Gemini co-founders Cameron and Tyler Winklevoss at Bitcoin 2025 in Las Vegas on Tuesday, White House crypto czar David Sacks outlined how the U.S. Strategic Bitcoin Reserve could acquire more bitcoin beyond the existing seized funds.President Trump signed an executive ord…

Cork Protocol pauses contract amid $12 million DeFi exploit

Cork Protocol pauses contract amid $12 million DeFi exploit

Cork Protocol, a decentralized finance venue for trading pegged asset-related risks, lost about $12 million in wrapped staked ETH, or wstETH, on Wednesday. The attacker withdrew some 3,761.87 wstETH using a malicious contract, according to security analysts at Cyvers.As of writing, the exploiter has…

Australia sues ex-crypto exchange director for allegedly mismanaging user funds

Australia sues ex-crypto exchange director for allegedly mismanaging user funds

The Australian Securities and Investments Commission (ASIC) announced civil penalty proceedings against Allan Guo, the former executive behind defunct cryptocurrency exchange ACX, for breach of duties.ACX Exchange operated from 2016 until it collapsed in 2019, rendering customers unable to withdraw …

Metaplanet eyes more bitcoin purchases with new $50 million bond raise

Metaplanet eyes more bitcoin purchases with new $50 million bond raise

Metaplanet, often dubbed Asia’s Strategy for its bullish bitcoin strategy, has issued $50 million in zero-interest bonds to finance further BTC purchases.According to a Thursday filing, the bond issuance — Metaplanet’s 16th to date — was fully subscribed by Evo Fund, a Cayman Islands-based investmen…

Strategy’s softening pace of bitcoin buys reflects shrinking premium and rising corporate treasury competition, K33 says

Strategy’s softening pace of bitcoin buys reflects shrinking premium and rising corporate treasury competition, K33 says

Strategy (formerly MicroStrategy) has continued its aggressive bitcoin acquisitions in recent weeks, albeit at an increasingly softer pace than its November peak.This slowdown can be attributed to a declining premium for Strategy's Class A common stock, MSTR, to its bitcoin holdings and increased co…

IMF to ‘ensure’ that El Salvador does not buy any more bitcoin

IMF to ‘ensure’ that El Salvador does not buy any more bitcoin

The International Monetary Fund announced Tuesday that it will work to "ensure" that the amount of bitcoin held by El Salvador's government does not change — a stance that runs counter to President Nayib Bukele's continued advocacy for increasing the nation's bitcoin holdings.The latest statement fr…

IMF to ‘ensure’ that El Salvador does not buy any more bitcoin

IMF to ‘ensure’ that El Salvador does not buy any more bitcoin

The International Monetary Fund announced Tuesday that it will work to "ensure" that the amount of bitcoin held by El Salvador's government does not change — a stance that runs counter to President Nayib Bukele's continued advocacy for increasing the nation's bitcoin holdings.The latest statement fr…