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...
blockchain
Maple Brings syrupUSDC to Solana with $30M in Liquidity and $500K in Incentives
by guido
TL;DR Maple launches syrupUSDC on Solana with $30M in initial liquidity and $500K in incentives to accelerate its adoption in institutional DeFi. Kamino integrates syrupUSDC...
Chanos Bets Against Strategy: Here’s Why
by guido
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...
Circle Prepares Its IPO with Demand Exceeding Initial Supply by 25 Times
by guido
TL;DR Circle plans an initial public offering with an expected price range between $27 and $28 per share, supported by demand exceeding 25 times the...
Crypto Projects: What Role Does Venture Capital Play and Why Do So Many Fail?
by guido
TL;DR In 2024, investment in crypto projects reached $13.7 billion, but nearly half are no longer active, and over 75% generate less than $1,000 in...
Revolut Plans to Launch a Crypto Derivatives Division: Now Hiring
by guido
TL;DR Revolut is preparing a crypto derivatives division and is seeking a general manager to build the operation from scratch. The UK derivatives market gained...
Strategy Prepares a $250M Preferred Stock Offering to Expand Its Bitcoin Treasury
by guido
TL;DR Strategy launches a $250M public offering of preferred shares with a 10% annual dividend to fund further Bitcoin purchases. Yesterday it added 705 BTC,...
Polygon Surpasses $2 Billion in NFT Sales and Leads the Market Recovery
by guido
TL;DR Polygon reached $2 billion in total NFT sales, driven by steady growth from Courtyard and tokenized real-world assets. Between November and May, monthly sales...
FalconX Takes Control of Monarq Asset Management
by guido
TL;DR FalconX took a majority stake in the parent company of Monarq Asset Management to expand its asset and cryptocurrency management business. Monarq manages hundreds...
Trump Media Closes $2.44 Billion Private Offering to Create a Bitcoin Treasury
by guido
TL;DR Trump Media closed a private offering worth $2.44 billion, combining the sale of 55.8 million shares and zero-coupon convertible notes totaling $1 billion. It...