MakerDAO Community Concerns Over the New Control of WBTC
TL;DR BitGo plans to transfer control of Wrapped Bitcoin (WBTC) to a joint venture with BiT Global, involving Justin Sun and the Tron ecosystem. MakerDAO...
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Pump.fun Introduces Reward System for Meme Coin Creators
TL;DR Pump.fun eliminates launch fees and introduces rewards: The platform now allows users to launch meme coins for free and rewards successful token creators with...
Metaplanet Secures ¥1 Billion Loan to Expand Bitcoin Strategy
TL;DR Metaplanet has secured a ¥1 billion loan to increase its Bitcoin investments. The company plans to use $58 million from a stock offering to...
Tether Plans Workforce Expansion to Boost Compliance and Financial Strength
TL;DR Tether plans to double its workforce to strengthen its compliance and finance areas. The company generates significant profits with a small workforce and is...
Gyroscope Launches Yield-Generating Stablecoin to Attract DAO Treasuries
TL;DR Gyroscope’s New Stablecoin: Gyroscope has launched “Savings GYD” (sGYD), a yield-generating stablecoin backed by Galaxy, offering DAOs an annualized yield of 12%-15%. Revenue and...
Why MicroStrategy Didn’t Buy Bitcoin at $50K
TL;DR Michael Saylor, co-founder of MicroStrategy, explained that his company follows a quarterly Bitcoin acquisition strategy, without reacting to short-term price fluctuations. Despite Bitcoin’s recent...
Robinhood Sees 40% Revenue Growth in Q2
TL;DR Robinhood reported a 40% increase in revenue to $682 million, thanks to a resurgence of meme stocks and interest in cryptocurrencies. The company acquired...
ETF Success: iShares Ethereum Trust Accumulates Nearly $900 Million
TL;DR BlackRock’s iShares Ethereum Trust has accumulated nearly $900 million in total flows since launch. Despite regulatory barriers, Bitcoin and Ethereum ETFs are breaking industry...
Bitcoin: Marathon Digital Increases Its BTC Production and Holdings in July
TL;DR Marathon Digital Holdings produced 692 BTC in July, increasing its production by 17% compared to the previous month, with an average operational hash rate...
Semler Scientific Boosts Bitcoin Holdings with Purchase of 101 BTC
TL;DR Semler Scientific increases its Bitcoin reserves by acquiring 101 BTC, reaching a total of 929 bitcoins valued at $63 million. The Bitcoin investment strategy...