Business

In brief Paris-based The Blockchain Group is aiming to raise $342 million to further its Bitcoin treasury strategy. The publicly traded company is raising the funds through an “at-the-market”-like partnership with asset manager TOBAM. The Blockchain Group is one of several public companies to embrace Strategy’s Bitcoin buying playbook over the past year. The Blockchain […]

In brief Michael Saylor’s software firm Strategy bought another $110 million worth of Bitcoin last week. The Bitcoin buy marks the public company’s fourth-smallest purchase of the asset this year. This latest acquisition brings Strategy’s holdings to roughly 582,000 Bitcoin. Strategy, formerly MicroStrategy, acquired 1,045 Bitcoin worth roughly $110 million at the time of purchase,

Key Takeaways Circle saw its market value exceed $20 billion following its NYSE debut. The company reportedly rejected Ripple’s $5 billion acquisition offer as it was seen as undervalued. Share this article Circle, the USDC stablecoin issuer, made a blockbuster debut on Wall Street this week, with shares soaring to as high as $123, briefly

In brief Eric Trump said Friday that the Donald Trump meme coin project won’t release its planned crypto wallet. The Trumps’ World Liberty Financial project sent a cease and desist letter to the GetTrumpMemes team on Thursday. World Liberty Financial will invest in the TRUMP meme coin for its treasury, Eric Trump wrote. The official

In brief Binance investigtions lead Tigran Gambaryan left the company on Friday to explore other job opportunities. He is looking for opportunities in the private or public sector, continuing his work in technology compliance. Nigerian authorities detained Gambaryan for eight months in 2024. Binance Head of Financial Crime Compliance Tigran Gambaryan is departing the crypto

Key Takeaways Early-stage discussions are underway between major tech companies and crypto firms regarding stablecoin integration. Google Cloud has already started accepting PYUSD, showcasing its commitment to stablecoin payments. Share this article Major tech firms, including Apple, X, Airbnb, and Google, have initiated early talks with crypto companies to evaluate stablecoin integration, Fortune reported Friday,

Elon Musk and President Donald Trump are no longer besties. Everyone knew the brofest between the Richest Man in the World and the Most Powerful Man in the World was never going to end well. And that makes it all the more awe-inspiring when it finally ends—not with a bang, but with a fusillade of

Key Takeaways Trump is threatening to terminate federal contracts with Elon Musk after Musk opposed a tax and spending package. Musk made accusations involving Trump and Jeffrey Epstein on X, leading to a 20% drop in Tesla shares. Share this article President Donald Trump threatened to terminate federal contracts with Elon Musk today after the

Key Takeaways Tesla shares dropped 9% after a public dispute between Elon Musk and Donald Trump over a spending bill. The controversy may be linked to the removal of electric vehicle tax credits from the bill. Share this article Tesla shares (TSLA) dropped nearly 9% to under $303 on Thursday afternoon, as tensions between President

In brief Compass Point analysts believe that USDC’s DeFi-centric market share is unlikely to wane as Wall Street firms enter the space. USDC relies on proprietary tech that makes it easier to move assets between networks, while also casting a wider net than most issuers can. USDC’s concentration in DeFi applications could have drawbacks, however,