Crypto

Key Takeaways BitMine has authorized a $1 billion stock repurchase program following board approval. The firm holds significant Ethereum and Bitcoin reserves, with its Ethereum holdings valued at $2.35 billion. Share this article Ethereum treasury company BitMine Immersion Technologies (BMNR), backed by billionaire Peter Thiel and Cathie Wood’s ARK Invest, announced Tuesday that its Board…

China Industrial Bank (CIB) is stepping up its digital game with plans for an AI-enchanced stablecoin, aiming to push itself from the US dollar’s grip on global finance. This move forms part of its wider digital-to-smart bank transformation strategy. The initiative reflects a calculated response to growing stablecoin adoption and evolving regulatory frameworks like the…

Long-term Bitcoin (BTC) holders appear to be taking profits as prices test the $120,000 mark. This has sparked concerns about whether the actions signal cautious profit-taking or a larger trend. Incoming Correction? On-chain data shared by CryptoQuant shows that LTHs have flipped net negative at this key resistance level. This indicates that some are cashing…

The U.S. Department of Justice has launched a forfeiture action to recover nearly $2.3 million worth of Bitcoin tied to a new ransomware group dubbed Chaos. Summary A civil complaint has been filed to forfeit over $2.3 million in Bitcoin tied to a Chaos ransomware group member. The FBI seized the funds in April this…

Key Takeaways Coinbase is in advanced talks to acquire India’s largest crypto exchange, CoinDCX. CoinDCX’s valuation has dropped below $1 billion following a $44 million security breach. Share this article Coinbase is reported to be in advanced negotiations with CoinDCX, one of India’s largest crypto exchanges, over a potential acquisition deal that could strengthen its…

Tron Inc has filed with the SEC to raise up to $1 billion through a combination of debt and equity. The company, which used to operate under the name SRM Entertainment, recently completed a merger with Justin Sun’s Tron project. The filing comes on the heels of a strong rally in its stock price, and…

TL;DR After skyrocketing past its old all-time high at $3.4 about ten days ago, Ripple’s cross-border token has been unable to maintain above that level. Its current correction has taken it down to $3.15. However, one analyst believes it’s still not a proper ‘buy-the-dip’ opportunity. If $XRP loses the $3.15 support level, a pullback to…

Plasma, a stablecoin-focused layer 1 blockchain, has raised $373 million in a public token sale, positioning itself as a major new player in the stablecoin infrastructure space. Summary Plasma raised $373M in 10 days, exceeding its $50M goal by 7x. The network will launch with $1B in TVL and support zero-fee transfers. Its timing follows…

Key Takeaways Galaxy Digital moved 3,782 BTC, worth $447 million, to exchanges within 12 hours. The transfers have raised concerns of potential selling pressure and heightened market volatility. Share this article Galaxy Digital sent 3,782 Bitcoin (BTC) worth around $447 million to crypto exchanges over the past 12 hours, according to Arkham Intelligence data, igniting…

Chinese authorities uncovered a Bitcoin laundering operation that ran out of a major tech company. The scheme, worth nearly $20 million, was uncovered inside Kuaishou, one of China’s largest short-video platforms. The investigation was led by officials in Beijing’s Haidian District and has quickly become one of the country’s biggest corporate crypto scandals in years….