Key Takeaways Bit Digital plans to triple its authorized share capital to 1 billion ordinary shares to fund its Ethereum growth strategy. The expanded share authorization aims to allow for substantial equity financing focused on purchasing Ethereum. Share this article Bit Digital, the digital asset miner pivoting from Bitcoin to Ethereum treasury, will hold a…
Bitcoin faced heavy selling pressure after the news that Galaxy Digital reportedly sold off 10,000 BTC worth $1.18 billion. They later added more pressure by sending another 2,850 BTC ($330 million) to exchanges just minutes before the market started to slide. Over the last 24 hours, more than $731 million in crypto positions were liquidated,…
Although the year is only half over, some crypto networks have quietly achieved major milestones, solidifying their position as leaders in the digital asset space. One of them is Litecoin, which is considered the digital silver to Bitcoin’s digital gold status. According to a tweet by key opinion leader (KOL) Crypto Patel, Litecoin has experienced…
A federal prosecutor let slip that the Department of Justice is still mulling charges against Dragonfly’s Tom Schmidt, before promptly asking the court to seal the comment. The Tornado Cash case is now entangling venture capital in ways few expected. Summary A DOJ prosecutor revealed that charges against Dragonfly’s Tom Schmidt are still under consideration,…
Key Takeaways Bitcoin dropped to $115K early Friday as news of Galaxy’s 80K BTC transaction surfaced. Galaxy executed the historic $9B deal on behalf of a legacy investor as part of estate planning. Share this article Bitcoin traded near $117,000 Friday afternoon after Galaxy Digital confirmed it executed a historic 80,000 BTC sale for a…
ChatGPT Agent went live on July 17, allowing users to delegate high-frequency trading logic and crypto analysis to AI. The tool is already changing how traders interact with markets. But that’s not all. Sam Altman confirmed this week that OpenAI GPT-5 will be here in early August. Today, the best crypto trades are being made…
Galaxy CEO Mike Novogratz has predicted that Ethereum (ETH) could outperform Bitcoin (BTC) in the coming 3 to 6 months. During a Thursday interview with CNBC, the executive revealed that market conditions increasingly favor ETH’s upside. Corporate Interest and ETF Flows “I think Ethereum probably has a lot of chance to outperform Bitcoin in the…
A sea of red dominated the crypto market today, July 25, as Bitcoin and most altcoins continued their pullback. Summary Bitcoin and most altcoins pulled back this week as investors booked profits. The tokens also dropped due to mean reversion, where assets tend to revert to their historical averages. Cryptocurrencies are also falling ahead of…
Key Takeaways Anthropic is in early talks to raise $3–$5 billion, targeting a valuation above $150 billion, up from $61.5B in March. At this valuation, FTX’s former 8% stake, sold for approximately $1.3 billion, would be revalued at over $12 billion. Share this article Anthropic is in early talks to raise a new funding round…
Michael Saylor is back at the Bitcoin buffet, and this time he brought a bigger plate. Strategy Inc. has expanded its preferred equity raise from $500 million to $2 billion, doubling down (or should we say quadrupling down) on its BTC ▼-1.69% accumulation campaign. The Series A Perpetual Stretch Preferred Shares are set to price…
