Transak Raises $16M from IDG Capital, Tether to Scale Stablecoin Payment Network
Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by IDG Capital and Tether. The company plans to use the funds to expand its stablecoin payments stack and enter new markets. The funding round comes at a time in which the stablecoin sector has been growing exponentially. DeFiLlama data […]
Grayscale Debuts First Investment Trusts for Sui’s Core Protocols
Digital asset investment platform Grayscale has launched two new single-asset trusts providing exposure to Sui protocols DeepBook and Walrus. The Grayscale DeepBook Trust and Grayscale Walrus Trust invest solely in the native DEEP and WAL tokens, respectively. DeepBook is a decentralized central limit order book (CLOB) built on the Sui blockchain. It serves as a […]
Whales Deposits Over $40M in SOL as Multi-Year Altcoin Pattern Nears Breakout Point
Solana’s market activity has intensified, with whale wallets moving large volumes of SOL across major exchanges. Recent trading data also reveals notable liquidity shifts in Solana’s spot market, marked by alternating inflows and outflows over the past year. Meanwhile, the broader altcoin market shows a recurring multi-year price pattern, supported by similar MACD movements across […]
Bitcoin Price Reacts as US CPI for July Comes in Below Expectations
The highly anticipated US Consumer Price Index numbers for July are out, and they show that inflation in the largest economy is lower than previously expected. The regular CPI came in at 2.7% year-over-year, compared to the 2.8% estimate provided by the experts. The Core CPI, which excludes volatile sectors such as energy and food, […]
Tom Lee’s BitMine Immersion Aims to Raise as Much as $20B for More ETH Buys
BitMine Immersion Technology (BMNR), the bitcoin miner that pivoted to an ether (ETH) treasury strategy under Fundstrat’s Thomas Lee’s leadership, is doubling down on its stock sale program, aiming to raise up to $20 billion more buy more ETH. The company had previously authorized $4.5 billion in stock sales through agreements with Cantor Fitzgerald and […]
Metaplanet Boosts Bitcoin Holdings with Massive 518 BTC Purchase
Metaplanet has once again added more Bitcoin to its reserve stash. A few hours ago, the investment firm shared a post on its official X page confirming the purchase of about 518 BTC. The cryptocurrency was bought for about $101,911 per BTC, making up over $52 million for the total purchase. Source: Metaplanet (X) Metaplanet
Political Reforms and Gambling Oversight
The United Kingdom is not the first country to legalise gambling, but it does have detailed regulations for this industry that are often used as a model by other countries. However, it is important to remember that these regulations originate from the Gambling Act of 2005. In other words, the current laws are 20 years
Chainlink (LINK) Price Targets $26.6 After ICE Markets Partnership Boost
Chainlink (LINK) maintains strong growth prospects despite pressure on the broader crypto market. Although its price has fallen by nearly 3.6% in the past 24 hours, the token has still climbed 28.5% over the past week. At the time of writing, the token is trading at $21.48, with daily trading volume reaching $1.17 billion, though
U.S. July CPI Rose Softer Than Hoped 2.7%, but Core Rate of 3.1% Disappoints
U.S. inflation data for July came in mixed, with headline numbers better than forecast, but the core rate rising faster than expected. The July U.S. Consumer Price Index rose 0.2%, according to the Bureau of Labor Statistics. Economist forecasts had been for 0.2% and June’s pace was 0.3%. On a year-over-year basis, CPI was higher […]
JASMY Holds Breakout Structure as $0.2785 Target Remains in Play Despite 1% Dip
JASMY’s market chart continues to reflect conditions consistent with earlier projections for a breakout toward the $0.2785 level. Current trading data shows price action developing in the early stages of a possible continuation move toward that target. The projected level is positioned more than 1,513% above the latest recorded market price. Jasmy Current Market Action […]
MARA Acquires 64% of EDF’s Exaion in $168M AI Expansion Deal
MARA will invest $168M into EDF’s AI arm, Exaion, and expand into cloud solutions. The company aims to grow its stake in Exaion to 75% by 2027 with a second purchase. This move shifts MARA from BTC mining to the growing AI and high-performance computing. MARA Holdings Inc. has announced a $168 million agreement to […]
PENGU’s Bullish Setup Strengthens as Short Squeeze Threats Build
PENGU’s bullish pennant flag from June lows hints at the continuation of the current uptrend. On-chain data from Stalkchain shows over $424,000 in smart money buys, outpacing all rivals. Short liquidations total $16.72M near $0.040 zone, creating a setup for a possible short squeeze. Pudgy Penguins (PENGU) is edging toward a critical technical point that […]