Ripple’s $75M Credit Line to Gemini: Stablecoin Strategy Meets IPO Ambitions
Ripple grants Gemini a $75M credit line, ahead of the exchange’s planned Nasdaq IPO listing. Gemini revealed the deal in its SEC filing while reporting a $282.5 million net loss. The deal embeds Ripple’s RLUSD stablecoin into Gemini’s financing structure as a borrowing option. Gemini’s long-awaited IPO filing with the SEC revealed more than financial […]
Hedge Funds Are Shorting Ethereum In Record Numbers, Short Squeeze Coming?
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The recent Ethereum run-up toward its all-time high levels had successfully triggered a wave of bullish momentum that threatened to break the $5,000 level. However, this has not been the case as sellers have been able to dominate once again and have […]
BitMine Expands Ethereum Holdings, Climbs to Second in Global Crypto Treasury Rankings
BitMine Immersion Technologies has significantly expanded its Ethereum holdings, securing a position as the second-largest cryptocurrency treasury. The company added more than 373,000 ETH worth $1.7 billion last week, raising its total Ethereum reserves to $6.6 billion. Confirmed by Arkham, this figure represents over 1.26% of Ethereum’s circulating supply, according to data provided by treasury […]
Bitcoin Poised For 10x Surge? Analyst Points To Gold’s Playbook
Bitcoin eased back this week after a fresh peak, but a loud bullish pitch is making rounds. According to market updates, the coin hit about $124,390 before slipping to $114,158 and then nudging up to $115,285 at press time. Based on reports from a chart-focused analyst who goes by AO, Bitcoin may be tracing a […]
Valantis Acquires stHYPE, Expanding Liquid Staking Reach on Hyperliquid
Valantis, a decentralized exchange (DEX) protocol, has acquired Staked Hype (stHYPE), the second-largest liquid staking token (LST) on Hyperliquid. Financial terms of the deal were not disclosed. stHYPE, which launched as the first LST on HyperEVM, currently holds about $180 million in total value locked (TVL), according to the stHYPE website. Following the deal, stHYPE’s […]
David Bailey’s KindlyMD kicks off Bitcoin treasury with massive $679M buy
Healthcare company KindlyMD recently merged with Nakamoto, a Bitcoin entity established by former Trump crypto adviser David Bailey, with the aim of acquiring 1 million BTC.
OKB Price Prediction: How Far Can OKB Price Go After 177% Weekly Spike?
In the past 7 days, the price of OKB has skyrocketed by 177% after a massive token burn that slashed its circulating supply by 93% and supported a bullish short-term OKB price prediction for market participants. The move followed the project’s transition from an Ethereum layer-2 to an independent blockchain called X-Layer that will be […]
Saylor Reverses Course on Stock Sales as Strategy’s Premium to Bitcoin Holdings Falls
Michael Saylor’s Strategy Inc has quietly abandoned its self-imposed restrictions on stock sales just weeks after implementing them. The company announced it will now allow equity issuance below its previously established 2.5x mNAV threshold “when otherwise deemed advantageous to the company,” according to Bloomberg. Strategy today announced an update to its MSTR Equity ATM Guidance […]
Official Trump Coin in Hot Waters, TRUMP Price Drops below $9 – What’s Next?
The TRUMP price has struggled to maintain a consistent level today, with the meme coin returning to $9.01 after dipping as low as $8.89 in the past 24 hours. Its current price means it has gained by 2% in a week, yet it’s now down by 13% in a month and by an alarming 87% […]
Crypto Giants Push $6B Ethereum Treasury Strategy to Convince Wall Street
Major ETH treasury companies gathered in Manhattan last week to pitch Wall Street on Ethereum as the foundation of tomorrow’s financial system to accelerate institutional adoption. The push comes as Ethereum approaches its all-time high following a 75% surge since June, with corporate treasuries now controlling over $22 billion worth of Ether across multiple public […]
US Treasury Seeks Public Input on Tools to Detect Crypto Money Laundering
The U.S. Treasury Department is seeking public feedback on innovative methods to detect crypto money laundering, following requirements under the recently enacted GENIUS Act. The 60-day comment period, ending October 17, focuses on artificial intelligence, blockchain monitoring, digital identity verification, and application programming interfaces as potential tools for regulated financial institutions to combat illicit digital […]
Crypto’s Biggest Names Launch Tax-Exempt Nonprofit ‘Education’ in DC — But There’s a Catch
Some of the cryptocurrency industry’s biggest names have banded together to launch a new Washington-based nonprofit, promising to “educate” lawmakers about emerging technologies like blockchain and artificial intelligence. But while the American Innovation Project (AIP) bills itself as a neutral educational effort, its tax-exempt status and deep ties to crypto lobbying raise questions about whether […]