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Bitdeer Acquires Desiweminer for $140M in All-Stock Deal
-Bitdeer, a prominent Bitcoin (BTC) miner, has announced its acquisition of Desiweminer, a designer of chips for ASIC mining machines, in a significant all-stock transaction valued at $140 million. This strategic move aims to bolster Bitdeer’s capabilities in ASIC chip design and enhance its position in the competitive cryptocurrency mining industry. According to the announcement … Continue reading "Bitdeer Acquires Desiweminer for $140M in All-Stock Deal"
Binance Restores Mastercard Payments for Crypto
-Binance, the world’s largest cryptocurrency exchange, has resumed Mastercard payments for purchasing cryptocurrencies, marking a significant development in the crypto payment landscape. While Mastercard withdrawal services are not yet available, they are expected to be reinstated at a later date. This move comes after Mastercard suspended crypto-related services on Binance in August 2023. The decision … Continue reading "Binance Restores Mastercard Payments for Crypto"
Robinhood Acquires Crypto Exchange Bitstamp for $200M
-Robinhood (NASDAQ:HOOD), the popular stock-trading app, is expanding its presence in the cryptocurrency market with the acquisition of global crypto exchange Bitstamp for approximately $200 million. The transaction is expected to finalize in the first half of 2025. Robinhood, traditionally known for enabling everyday consumers to trade stocks, has been gradually increasing its involvement in … Continue reading "Robinhood Acquires Crypto Exchange Bitstamp for $200M"
Core Scientific Rejects CoreWeave’s $1.02B Offer
-Bitcoin miner Core Scientific (NASDAQ:CORZ) has rejected an all-cash buyout offer from Nvidia-backed cloud provider CoreWeave, stating that the offer undervalues the company. “The board concluded that the CoreWeave proposal significantly undervalues the company and is not in the best interests of the company and its shareholders,” Core Scientific announced in a statement. Core Scientific … Continue reading "Core Scientific Rejects CoreWeave’s $1.02B Offer"
Bitcoin Records Winning Streak Since March Amid Rate-Cut Bets
-Bitcoin has extended its winning streak to five consecutive sessions, edging closer to the $71,000 mark amidst growing expectations of Federal Reserve interest-rate cuts later this year. The cryptocurrency’s sustained upward momentum marks its longest series of daily gains in three months, with Bitcoin trading at $70,785 as of 8:25 a.m. Wednesday in New York, … Continue reading "Bitcoin Records Winning Streak Since March Amid Rate-Cut Bets"
Short-Seller Kerrisdale Targets Riot Crypto Miner’s ‘Flawed’ Model
-Kerrisdale Capital Management LLC, known for its short-selling strategies, has set its sights on Riot Blockchain Inc., criticizing its business model as flawed in the challenging landscape of Bitcoin mining. According to Kerrisdale, investing in Bitcoin directly is a more viable option for cryptocurrency enthusiasts than purchasing miner stocks. The report released by Kerrisdale founder … Continue reading "Short-Seller Kerrisdale Targets Riot Crypto Miner’s ‘Flawed’ Model"
Core Scientific Soars on AI Deal and $1B Buyout Offer
-Core Scientific (NASDAQ:CORZ), a Bitcoin mining company, saw its shares surge up to 40% in pre-market trading following a significant AI deal with cloud computing firm CoreWeave and a reported buyout offer from the same company. CoreWeave has reportedly made an all-cash offer to purchase Core Scientific, implying a 55% premium over the miner’s three-month … Continue reading "Core Scientific Soars on AI Deal and $1B Buyout Offer"
Bitcoin & Ethereum Funds Surge Before ETH Spot ETFs Trading
-In a notable development, global Bitcoin funds observed substantial net inflows amounting to $148 million last week, as reported by CoinShares. This surge in investments contrasts sharply with short Bitcoin products, which experienced outflows totaling $3.5 million. Additionally, Ethereum funds attracted $33.5 million, marking the second consecutive week of positive inflows following a prolonged period … Continue reading "Bitcoin & Ethereum Funds Surge Before ETH Spot ETFs Trading"
Stradivarius Violin Secures $9M NFT Loan from Galaxy Digital
-Digital assets firm Galaxy Digital has granted a multimillion-dollar loan to Yat Siu, the co-founder of Animoca Brands, using a unique collateral combination: a tokenized 1708 Stradivarius violin and its corresponding non-fungible token. Valued at over $9 million, the violin boasts a storied history, including ownership by Russian Empress Catherine the Great. This deal could … Continue reading "Stradivarius Violin Secures $9M NFT Loan from Galaxy Digital"
Ark Protocol’s Team Forms Lightning Network Competitor
-In response to the growing demand for scalable and cost-effective Bitcoin payments, the team behind the Bitcoin layer-2 protocol Ark has established a new company called Ark Labs. This innovative firm aims to develop a faster and more efficient payment system on the Bitcoin blockchain, offering a compelling alternative to the Lightning Network. Led by … Continue reading "Ark Protocol’s Team Forms Lightning Network Competitor"
Robinhood Limits GameStop Trading After $175M ‘Roaring Kitty’ Bet
-Robinhood (NASDAQ:HOOD) imposed buying restrictions on GameStop (NYSE:GME) shares late Sunday after the meme stock’s value surged following speculation that Keith Gill, known as “Roaring Kitty,” might hold a substantial position in the company. The brokerage stated that Blue Ocean ATS, the platform facilitating overnight trades, would only accept orders within 20% above or below … Continue reading "Robinhood Limits GameStop Trading After $175M ‘Roaring Kitty’ Bet"
NFT Sales Hit Lowest Point Since October
-In May, global non-fungible token (NFT) sales witnessed a notable decline, totaling $604 million, marking the lowest monthly performance since October and the first month of the year with sales below $1 billion. Ethereum, renowned as the leading blockchain for NFT sales, experienced a dip in sales, recording $164 million in May, the lowest since … Continue reading "NFT Sales Hit Lowest Point Since October"
Coinbase Floods Crypto with Record Campaign Funds
-Coinbase’s recent $25 million donation to political action committees (PACs) has propelled the crypto industry’s campaign fund to approximately $161 million, making it one of the most significant players in U.S. campaign finance. This substantial cash injection positions the crypto industry as a formidable force in influencing the political landscape, with the potential to allocate … Continue reading "Coinbase Floods Crypto with Record Campaign Funds"
Bybit Confirms Executive Changes After Notcoin Launch Issues
-Cryptocurrency exchange Bybit has confirmed reports of an executive reshuffle following complications with the Notcoin launch, which led to $23 million in compensation being distributed to 320,000 users. The news, initially reported by Wu Blockchain, indicated that several executives had “voluntarily resigned” and that Bybit had hired new technical and spot managers. A Bybit spokesperson … Continue reading "Bybit Confirms Executive Changes After Notcoin Launch Issues"
Bitcoin Hits Low End of Range, June Data Could Spark Change
-Bitcoin’s price has maintained a remarkably tight trading range near $68,000 following the U.S. Memorial Day holiday, with a slight dip approaching the week’s low in Friday’s morning trading hours. At 11:45 am ET, bitcoin was priced at $67,300, down 1% over the past 24 hours and 2% from its peak two hours earlier at … Continue reading "Bitcoin Hits Low End of Range, June Data Could Spark Change"
DMM Bitcoin Exchange Hit by $305M Hack
-Japanese cryptocurrency exchange DMM Bitcoin has disclosed a significant breach resulting in the loss of 4,502.9 BTC, equivalent to $305 million, to hackers. The stolen funds were reportedly divided into 10 wallets, with each holding batches of 500 BTC, according to data provided by security firm Blocksec. In response to the breach, DMM Bitcoin has … Continue reading "DMM Bitcoin Exchange Hit by $305M Hack"
Guild of Guardians Tops NodeMonkes in Daily NFT Sales
-Immutable’s Guild of Guardians Avatars overtook NodeMonkes to claim the top spot on CryptoSlam’s daily non-fungible token sales charts on Thursday. The Immutable game-linked collection led NFT sales with a daily volume of $828,697, representing a 19% increase from $696,862 the previous day. NodeMonkes, a Bitcoin-based collection that topped Wednesday’s sales, fell to third place … Continue reading "Guild of Guardians Tops NodeMonkes in Daily NFT Sales"
Tether Invests $100 Million in US-Listed Bitcoin Miner Bitdeer
-Stablecoin issuer Tether Holdings Ltd. has acquired a $100 million stake in Bitdeer Technologies Group (NASDAQ:BTDR), a US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to buy an additional $50 million in shares within a year. The companies signed a subscription agreement for a private placement of 18.6 million Class A … Continue reading "Tether Invests $100 Million in US-Listed Bitcoin Miner Bitdeer"
NodeMonkes Leads NFT Sales Again This Week
-NodeMonkes, the leading Bitcoin-based NFT collection, once again led CryptoSlam’s daily sales chart on Wednesday, achieving US$935,770 in sales. This marks the second time NodeMonkes has topped the sales chart this week. The recent surge has propelled NodeMonkes’ cumulative sales volume to US$229.06 million, placing it 26th on the all-time sales chart, surpassing the Avalanche-based … Continue reading "NodeMonkes Leads NFT Sales Again This Week"
Mastercard Launches “Crypto Credential” to Secure Payments
-Mastercard Inc. (NYSE:MA) has launched a new service called “Crypto Credential,” aimed at enhancing the security and ease of peer-to-peer crypto transactions across various European and Latin American countries. This service enables users to create a Mastercard username for sending and receiving Bitcoin and other cryptocurrencies via exchanges such as Bit2Me, Lirium, and Mercado Bitcoin, … Continue reading "Mastercard Launches “Crypto Credential” to Secure Payments"
Mastercard Launches P2P Crypto Network and Vanity Address System
-Mastercard (NYSE:MA) is launching a peer-to-peer (P2P) platform for cryptocurrency users in Europe and Latin America. The new network, called Mastercard Crypto Credential, aims to facilitate cross-border digital asset transactions. In its pilot phase, Mastercard Crypto Credential supports transactions on Bit2Me, Lirium, and Mercado Bitcoin exchanges, enabling cross-border payments between Europe and Latin America. This … Continue reading "Mastercard Launches P2P Crypto Network and Vanity Address System"
Gemini Customers Recover Over $2 Billion in Crypto from Genesis Bankruptcy
-Bankrupt crypto lender Genesis and crypto exchange Gemini have successfully returned over $2 billion in cryptocurrency to 232,000 retail customers of their jointly managed Gemini Earn program. This repayment provides customers a 242% return on assets that had been locked up since January 2023, Gemini announced on Wednesday. Unlike other crypto companies that went bankrupt … Continue reading "Gemini Customers Recover Over $2 Billion in Crypto from Genesis Bankruptcy"
LayerZero Bridges Solana for Expanded Crypto Transfers
-Crypto bridging protocol LayerZero is expanding to the Solana blockchain, providing a new pathway for transferring crypto assets between Ethereum and its largest competitor, starting Wednesday. This integration will allow Solana users to move their assets to Arbitrum, Ethereum, Polygon, and 70 other connected chains, and vice-versa, according to LayerZero Labs, the company behind the … Continue reading "LayerZero Bridges Solana for Expanded Crypto Transfers"
Wisconsin Board Invests $187 Million in Bitcoin and Crypto
-The State of Wisconsin Investment Board has become the first public institution in the U.S. to invest in cryptocurrency, putting $187.1 million into bitcoin and related crypto companies, as revealed in a May 14 quarterly filing with the U.S. Securities and Exchange Commission. SWIB manages the assets of the Wisconsin Retirement System, the State Investment … Continue reading "Wisconsin Board Invests $187 Million in Bitcoin and Crypto"
Russian Firms Embrace Crypto for China Trade
-Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts are turning to stablecoins as a new method for settling deals. At least two major metals producers have begun utilizing Tether Holdings Ltd.’s stablecoin and other cryptocurrencies to settle cross-border transactions with primarily Chinese clients and suppliers. These settlements, in some cases, are … Continue reading "Russian Firms Embrace Crypto for China Trade"
Semler Scientific Surges 25% After $40M Bitcoin Investment
-Semler Scientific (NASDAQ:SMLR) witnessed a remarkable 25% increase in its stock price during early U.S. trading hours on Tuesday following its announcement of purchasing 581 bitcoins for its treasury. Before the surge, the company boasted a market capitalization of under $200 million. In its most recent earnings statement, Semler revealed holding cash and cash equivalents … Continue reading "Semler Scientific Surges 25% After $40M Bitcoin Investment"
Maple Finance Unveils Syrup Yield Platform and Token
-Maple Finance, a cryptocurrency lending firm, has introduced Syrup, a new loans platform and rewards token aimed at integrating institutional-friendly yield-bearing digital assets with the decentralized finance sector. Maple’s Syrup platform offers users up to 15% yields by depositing Circle’s USDC stablecoin. Users receive LP tokens (syrupUSDC) and additional yield in the form of “Drips,” … Continue reading "Maple Finance Unveils Syrup Yield Platform and Token"
Riot Platforms Makes $950 Million Offer to Acquire Bitfarms
-Riot Platforms Inc. (NASDAQ:RIOT) has made an unsolicited $950 million bid to acquire Bitfarms Ltd. (NASDAQ:BITF), following the smaller Bitcoin miner’s rejection of a previous takeover proposal last month. Riot offered $2.30 per share in cash and stock for Bitfarms, representing a 20% premium over Bitfarms’ trading price before Riot’s initial April offer, which was … Continue reading "Riot Platforms Makes $950 Million Offer to Acquire Bitfarms"
Next Crypto to Hit $1 in 2024: Top Cryptos Under $1
-Looking for the next cryptocurrency to hit $1 in 2024? With robust trading volumes in the crypto market, savvy traders are eyeing the best penny cryptos to buy right now. Identifying the next crypto to hit $1 involves considering factors like market capitalization, current price, and the problems each project aims to solve. In this … Continue reading "Next Crypto to Hit $1 in 2024: Top Cryptos Under $1"
Trump’s Pro-Crypto Comments Propel Memecoins to New Heights
-Memecoins linked to former US President Donald Trump and celebrity Caitlyn Jenner surged on Monday following Trump’s weekend endorsement of cryptocurrency. Newly minted tokens like MAGA on Ethereum and JENNER on Solana experienced dramatic price increases, with JENNER soaring 500-fold in the last 24 hours. MAGA Token’s Meteoric Rise The MAGA token, named after Trump’s … Continue reading "Trump’s Pro-Crypto Comments Propel Memecoins to New Heights"
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