Ethereum treasury firms are buying large amounts of ETH and now hold as much as the new U.S. spot ETFs. Unlike ETFs, these companies can earn staking rewards and use DeFi, making them more attractive to some investors.
AnaisBakkt is acquiring nearly 30% of a Japanese textile company to transform it into a bitcoin-focused business called bitcoin.jp. The company aims to integrate digital assets into its operations and corporate treasury.
WeatherlyThe US SEC clarified that certain liquid staking tokens are not securities, allowing these platforms to operate without registering their tokens. This decision opens the door for liquid staking tokens to be included in ETFs, boosting institutional interest in crypto assets.
JoyBitMine quickly bought over 833,000 ETH in just over a month, becoming the largest company holder of Ethereum. The firm’s fast growth, investor backing, and a $1 billion stock buyback have pushed its market value up sharply.
WeatherlyFrance’s far-right Rassemblement National (RN) has proposed using surplus nuclear energy to mine Bitcoin-a move that is dramatically contradictory to Marine Le Pen's 2016 promise to ban virtual currencies.
XingChiThe Satoshi Nakamoto statue in Lugano was taken from its spot in the park and later found broken in Lake Lugano, showing it was vandalised rather than simply stolen. Despite the damage, the local community and supporters remain committed to celebrating Bitcoin’s creator and the ideas the statue represents.
AnaisA false rumour on social media claimed China had banned crypto again, causing brief market panic. Officials and experts confirmed no new rules were issued, and the 2021 restrictions still apply.
WeatherlyFigma’s share price jumped 250% on its NYSE debut, closing at $115 and rising further after hours. The company also revealed it had put nearly $100 million into Bitcoin and stablecoins as part of its treasury plan.
Weatherly
Jason RiggsAt ApeFest 2023 in Hong Kong, BMW introduced its latest creation, the i5 M60 affectionately named the 'Ape Car.' Attendees were astonished as this sporty electric vehicle became a canvas for ape caricatures, symbolizing the NFT frenzy.
JixuBored Ape collectors found themselves facing an unexpected challenge after attending the ApeFest party in Hong Kong.
JasperAva Labs, the driving force behind the Avalanche Blockchain, has made a strategic decision to reduce its workforce by 12%, allowing for the repositioning of resources to fuel the growth of both the company and the wider Avalanche ecosystem.
AaronThe U.S. Security and Exchange Commission (SEC) is encountering difficulties in recruiting professionals with expertise in cryptocurrency, with a significant hindrance being its own policies, as revealed in a recent agency report.
JasperEveryone saw Gensler refusing to answer if ETH is a security. And now we know why.
AlexThe London Stock Exchange Group (LSEG) recently published a job listing for the position of director of digital assets. This new role seeks an individual with a strong interest in digital assets, cryptocurrencies, and distributed ledger technology.
JasperThe global surge in reported crypto scams has sparked inquiries about the possible link between the growth of the cryptocurrency market and the escalation of fraudulent incidents.
Hui XinThe Bored Ape Yacht Club's former Social Lead, Shpend Salihu, has resigned after the resurfacing of racist and antisemitic posts from his past.
AaronIn the much-anticipated "Treehouse of Horror XXXIV" episode of "The Simpsons," the beloved animated series delves into the realm of blockchain and non-fungible tokens (NFTs). This marks a return to their comedic exploration of the crypto space, delivering an engaging parody with nods to well-known NFTs and artists.
JixuBlur's token had already been on a price surge, climbing from $0.15 to $0.27 over about three weeks, marking an 80% gain. However, things took an interesting turn when rival marketplace OpenSea announced a 50% reduction in its workforce. The news gave Blur's token an additional boost, increasing by 30%.
Aaron