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President Donald Trump’s social media company, Trump Media and Technology Group, recently invested $300 million into a Bitcoin-related asset. The company now holds about $2.2 billion worth of crypto. Trump Media Plans to Create Crypto Reserve In May, the TMTG announced that it is planning to raise $…
SharpLink Gaming, the second-largest corporate holder of Ether, has acquired another 77,210 Ether, worth $295 million, as the firm shows no signs of slowing down its crypto treasury play. The single purchase is more than the network’s net issuance of Ether in the past 30 days, which stood at 72,795 …
This week, the United Kingdom made headlines after reports revealed it was considering selling $7 billion worth of Bitcoin confiscated during a 2018 law enforcement seizure. The extra cash comes at a crucial time for the UK as it grapples with a fragile financial position.While the UK considers sell…
The FTX bankruptcy estate has scheduled the next distribution to creditors, using funds no longer classified as disputed claims.The FTX Recovery Trust and debtor FTX Trading on Wednesday announced that the next distribution is expected to start on Sept. 30. They will determine eligible claim holders…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Wednesday! Let’s take a look at the top stories. Traditional finance is moving further onchain. BNY Mellon and Goldman Sachs have teamed up to tokenize money market fund records — a…
Bitcoin is unlikely to reach $200,000 this year as buying volume isn’t increasing enough to keep pushing the price higher, according to a crypto analyst.It comes after several industry executives have recently speculated that Bitcoin (BTC) will soon hit $200,000.“How on earth can we be going up when…
Trump Media experienced a notable uptick in its stock price (DJT) on Monday, closing up 3% after an intraday rise exceeding 5% to reach $19,25 per share. This surge followed the company’s announcement that it had invested $2 billion in Bitcoin (BTC).Two-Thirds Of Assets To Bitcoin TreasuryThe media …
JPMorgan Chase is exploring plans to offer loans backed by clients' cryptocurrency holdings, including bitcoin and ethereum, as early as next year, the Financial Times reported on Tuesday, citing people familiar with the matter. The move comes as other major U.S. banks, including Bank of Ame…
Online betting platform Polymarket said it acquired QCEX, US-licensed derivatives exchange and clearinghouse for $112 million, paving the way for the company’s return to the United States after a hiatus of more than two years.According to its website, QCEX is based in Boca Raton, Florida, with both …
Trump Media & Technology Group, the parent of Truth Social, announced on Monday that its Bitcoin treasury program has reached approximately $2 billion in combined holdings of BTC and Bitcoin-related securities.The disclosure follows a late May report from the Financial Times that stated Trump Media …
TL;DRCRO Holds Above Key Breakout LevelCronos (CRO), the native token of Crypto.com, traded at $0.12 at press time, up 10% over the past 24 hours and 23% in the last week. The price moved above the $0.0986 level, which had held as resistance for several months. CRO now trades within a rising channel…
Michael Saylor’s Strategy (MSTR) closed the trading day on Wednesday at its highest ever market capitalization, as Bitcoin continues to float near record highs.“MSTR just closed at an all-time high market cap,” Saylor said in an X post on Wednesday.MSTR’s price “gearing up” for new highsIt comes as …