On Monday, Strategy revealed plans for an initial public offering (IPO) of a new series of preferred stock to fund further bitcoin acquisitions. The news follows the company adding 6,220 BTC to its stash. Strategy Plans STRC Stock IPO at 9% Initial Dividend to Raise Funds for Bitcoin The company filed for an IPO of…
Ethereum adoption has been booming, and the developers working behind the scenes on the network are brewing up another major upgrade. From scalability to censorship resistance to improving the overall experience, this will be the second in this year’s timeline for improvements to the decentralized blockchain. Another Milestone For The Network The core development team behind…
Venture capitalists are forming a new firm based on accumulating stablecoin-focused crypto project Ethena (ENA). Special purpose acquisition company TLGY Acquisition, announced early on Monday that it had entered into an agreement for a business combination with StablecoinX Assets. The two companies agreed to a roughly $360 million private investment in public equity (PIPE), including…
The rally is supported by falling US PPI inflation data (boosting Fed rate cut expectations), Trump-backed support for the GENIUS Act, ProShares XRP ETF launch, etc. Analyst Ali Martinez highlighted a bullish MVRV golden cross, which could lead to a massive 630% XRP rally in the past. Ripple’s native cryptocurrency, XRP, has been on a…
ChatGPT receives 2.5 billion prompts from global users every day, OpenAI told Axios. About 330 million of those are coming from users in the U.S. These numbers show just how ubiquitous OpenAI’s flagship product is becoming. Google’s parent company, Alphabet, does not release daily search data, but recently revealed that Google receives 5 trillion queries…
In 2017, Bulgarian authorities made headlines when they seized 213,500 BTC during a crackdown on organized cybercrime. At the time, bitcoin was trading below $3,000 so the total stash was worth around $640 million. A year later, in 2018, the Bulgarian government sold the entire bitcoin haul. Bulgaria sold the entire 213,500 bitcoin for 15,000…
Coinbase has launched perpetual futures trading in the U.S., with eligible users in the country set to access two futures contracts as of July 21. On Monday, the exchange said U.S. users can now trade perpetual derivatives via its Coinbase Financial Markets account, initially with access to nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether…
An economist known for calling a blow-off top for the markets predicts that the total crypto market cap will skyrocket over 250% from current levels. Henrik Zeberg tells his 186,700 followers on the social media platform X that he’s keeping a close watch on the TOTAL chart, which tracks the total market cap of crypto,…
Analysts offer a bullish XRP price outlook, citing technical indicators such as Fibonacci levels and projecting targets as high as $6, amid improving sentiment. XRP recently surged past $3 following the U.S. House’s passage of the GENIUS Act, which could benefit Ripple’s RLUSD stablecoin. Ripple’s XRP has once again gained bullish sentiment with experts pointing…
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