Strategy Adds 1,045 BTC and Announces $1 Billion Stock Offering to Fund New Purchases
TL;DR Strategy bought 1,045 BTC for $110.2M at an average price of $105,426, bringing its total holdings to 582,000 BTC valued at $40.8B. The purchase...
Crypto Regulations Split Congress Over the Clarity Act and Trump’s Business Dealings
TL;DR The House debated the Clarity Act as Democrats denounced potential conflicts of interest involving Donald Trump’s crypto business dealings. Republicans defended the bill as...
The FCA Prepares to Authorize Cryptocurrency cETNs for Retail Investors in the UK
TL;DR The FCA plans to authorize UK retail investors to trade crypto cETNs on regulated exchanges, lifting a restriction in place since 2021. The move...
Strategy Quadruples STRD Offering to Raise Nearly $1 Billion
TL;DR Strategy, under the leadership of Michael Saylor, has quadrupled its preferred stock offering (STRD) to raise nearly $1 billion. The proceeds will be used...
Chanos Bets Against Strategy: Here’s Why
TL;DR Jim Chanos believes Strategy’s premium over its Bitcoin holdings is unsustainable and suggests exploiting the arbitrage opportunity. Hedge funds are taking advantage of a...
Tether & Bitfinex Send 25,812 BTC to Launch Twenty One Capital
TL;DR Massive Funding Move: Tether and Bitfinex transferred a combined 25,812 BTC, valued at around $2.7 billion, to pre-fund Twenty One Capital’s launch. Strategic Pre-Funding:...
Metaplanet Approaches 10,000 BTC with Million-Dollar Purchase
TL;DR Metaplanet Inc., an investment firm headquartered in Tokyo, has significantly expanded its Bitcoin treasury with a recent purchase of 1,088 BTC at an average...
Dogecoin Suffers Massive Liquidations and Drops 7%
TL;DR Dogecoin lost $21.71 million in long liquidations after falling 7% in 24 hours, hovering near the $0.20 mark. Total liquidations in DOGE reached $22.33...
Samourai Wallet Seeks to Dismiss DOJ Case Citing FinCEN Rules
TL;DR The founders of Samourai Wallet requested the dismissal of the DOJ’s case, arguing that their software never handled funds and should not be classified...
U.S. Banks Weigh Crypto Expansion Amid Regulatory Uncertainty
TL;DR Top U.S. banks are evaluating their entry into the crypto world through partnerships and pilot projects, driven by more favorable regulatory signals. Although caution...