Key Takeaways Strategy purchased 155 additional Bitcoin for $18 million, increasing its digital asset holdings. The acquisition price equates to over $116,000 per Bitcoin. Share this article Strategy, the world’s largest Bitcoin corporate holder, has resumed its BTC acquisition. The company announced Monday it had added 155 BTC to its treasury last week, its smallest purchase since mid-March.Michael Saylor, the company’s Executive Chairman, dropped a hint about the acquisition yesterday. When Saylor puts out the Bitcoin tracker, it is often followed by an announcement within a few days. If you don’t stop buying Bitcoin, you won’t stop making Money. pic.twitter.com/G9S2gPO1t8…
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The AI chip race narrative used to be about U.S. national security, but apparently now it’s about tariffs: Nvidia and AMD have agreed to pay the U.S. government 15% of the revenue they make from sales of high-end AI chips to China in exchange for licenses to sell to those chips in the country, the Financial Times reported, citing anonymous sources. According to the FT’s government source, Nvidia will share revenues from sales of its H20 AI chips in China, and AMD would share a cut of MI308 chip sales. The government has also started issuing licenses for the sale…
Samson Mow, a well-known Bitcoin entrepreneur and founder/CEO of Jan3, warned that recent ether profits could be short-lived as some investors return their profits to Bitcoin. According to his post, many ETH buyers already hold Bitcoin (often from ICO or insider positions) and have spinned that BTC into ETH to raise prices. Related readings He claims that once the ether reaches a high enough level, those same owners may sell, leaving a set of fresh buyers holding the bags. “No one wants ETH in the long run,” he wrote, and he called the sales pressure near Big Price a “bag…
XRP is testing crucial resistance near $3.65 as soaring ETF approval odds and Ripple’s SEC victory fuel hopes for a breakout. Ripple’s Legal Win Sparks ETF Optimism and Lifts XRP Price Outlook XRP’s prospects for a U.S. exchange-traded fund approval have surged after Ripple ended its long legal battle with the Securities and Exchange Commission. Data from prediction platform Polymarket showed odds jumping to nearly 90% on August 8, a 20-point rise in less than a day. The shift followed a joint filing by Ripple and the SEC to dismiss appeals in the case that began in 2020 over…
Openemi is a skilled writer and enthusiastic in the exciting and unique cryptocurrency realm. The digital asset industry wasn’t his first choice, but he has remained absolutely pulled out since entering the space for over two years. Now, Openyemi prides itself on unraveling the complexities of blockchain technology and creating unique works that share insights into the latest trends in the cryptocurrency world. Openemi saves his appeal to the Crypto Market. “Appearance” is a rather simple way to explain the analysis and interpretation of various price patterns and chart formation. But that doesn’t seem to be Openemi’s favorite part -…
Key Takeaways El Salvador’s new law allows investment banks to offer Bitcoin and digital asset services to sophisticated investors with at least $250,000. Investment banks can become digital asset service providers and issuers, operating separately from commercial banks. Share this article El Salvador’s Legislative Assembly has approved a sweeping Investment Banking Law that will create a new class of financial institutions serving only high-net-worth and institutional clients, according to a recent press release.El Salvador’s legislature introduced the measure last year in a bid to establish a private investment bank able to handle Bitcoin transactions, with plans to diversify funding sources…
They say that journalists never really kick out time. But for Christians, it’s not just a minor phor, it’s a lifestyle. Every day, he navigates the ever-changing tide of the cryptocurrency market, waving around words like a veteran editor, and writing articles deciphering jargon for the masses. However, when the PC goes into Hibernate mode, his pursuit gets a more mechanical (and sometimes philosophical) turn. Christian journeys in written words began long before the Bitcoin era. In the sacred halls of academia, he hone his craft as a feature writer for university papers. This early love of storytelling paved the…
Key Takeaways Bo Hines departed his role as the White House Crypto Council’s Executive Director to return to the private sector. The Crypto Council advanced initiatives such as the Crypto Summit, Genius Act, and Digital Assets Report under Hines’s leadership. Share this article After eight months on the job, Bo Hines, Trump’s pick last December to head the Presidential Council of Advisers for Digital Assets, said Saturday he’s resigning. The White House’s top crypto adviser will head back to the private sector but pledged to keep backing the crypto ecosystem. Serving in President Trump’s administration and working alongside our brilliant…
Key Takeaways Fundamental Global filed a $5 billion shelf registration to support its Ethereum treasury strategy. The company targets a 10% market share in the Ethereum network by leveraging capital raises and ETH accumulation. Share this article Fundamental Global, a Nasdaq-listed financial services provider, filed a $5 billion shelf registration statement with the US SEC this week as part of its ongoing effort to scale its Ethereum accumulation strategy.The company, soon to be renamed FG Nexus, aims to become the world’s largest corporate holder of ETH, targeting a 10% stake in the network.Achieving this goal would make Fundamental Global one…
Key Takeaways SharpLink Gaming secured $200 million to expand its Ether holdings. The company’s ETH treasury is expected to exceed $2 billion after the funding deployment. Share this article SharpLink Gaming secured $200 million in funding from four global institutional investors through a registered direct offering, the company announced today. “SharpLink is proud to be joined by globally-recognized institutional investors, augmenting our strong existing investor base and further validating our mission to be the world’s leading ETH treasury,” said Joseph Chalom, SharpLink’s Co-Chief Executive Officer, in a statement. A.G.P./Alliance Global Partners is serving as the lead placement agent, with Société…