Sophon (SOPH) Drops 27.9% After Market Debut
TL;DR Sophon dropped 27.9% on its first trading day following a 900 million token airdrop and a wave of profit-taking. Binance assigned it a “seed...
blockchain
Bitcoin Conference 2025: ‘Orange is the New Gold’
TL;DR The Winklevoss twins projected BTC at $1M during Bitcoin Conference 2025, calling it “orange is the new gold.” Bitcoin climbed 1.2% after their comments,...
TON Foundation Appoints Former Visa Executive Nikola Plecas as VP of Payments
TL;DR TON Names a Crypto Leader: The TON Foundation appoints former Visa executive Nikola Plecas as VP of Payments to lead the development of a...
NFT Market Rebound After Five Months of Declines
TL;DR NFT sales climbed to $430 million in May, breaking a five-month streak of consecutive market declines. The number of buyers jumped 50%, surpassing 936,000,...
Bitcoin: Long-Term Holders Capitalize on Price Drop to Deepen Their Positions
TL;DR Bitcoin dropped below $109,000, triggering over $185 million in leveraged long liquidations. Long-term holders took advantage of the forced selling to accumulate, pushing their...
Trump Media Allocates $2.5 Billion to Bitcoin and Closes Its Acquisition Fund
TL;DR Trump Media will allocate $2.5 billion to a Bitcoin treasury, combining common stock and zero-interest convertible notes with a 35% premium. The company will...
Bankman-Fried Could Reduce His Sentence and Be Released Earlier Than Expected
TL;DR Sam Bankman-Fried will be released from prison in December 2044, more than four years before completing his 25-year sentence. The reduction is due to...
James Wynn Loses $15.8 Million in Hours After Risking His Entire Wallet on a Bitcoin Short
TL;DR James Wynn lost $15.86 million in less than a day after closing a $1 billion short position on Bitcoin using 40x leverage. The trade...
Solana Responds to Hyperliquid’s Competition and Gears Up to Raise Its Technical Standards
TL;DR Anatoly Yakovenko welcomed Hyperliquid’s competition, hoping it pushes Solana to focus even more on product and real network usage. Solana avoids chasing speculative metrics...
Ripple Adds New Stablecoins to the XRP Ledger and Expands in Europe and Brazil
TL;DR EURØP and USDB join XRPL as regulated stablecoins for institutional payments, DeFi, and asset tokenization in Europe and Brazil. Braza Group expects USDB to...