Business

Key Takeaways Trump Media plans to raise $3 billion to acquire crypto assets. The capital raise includes $2 billion in equity and $1 billion through a convertible bond. Share this article Trump Media and Technology Group (TMTG), which runs Truth Social, is seeking to raise $3 billion for crypto asset acquisitions, the Financial Times reported […]

In brief Trump Media is planning to raise $3 billion to buy cryptocurrencies, the Financial Times reported on Monday, citing sources familiar with the matter. The company is aiming to bring in $1 billion through convertible bonds and $2 billion in fresh equity. The Trump family-owned company has made several forays into the crypto industry

In brief Software firm and Bitcoin treasury Strategy—formerly MicroStrategy—was hit with a lawsuit last week. The company’s stock dropped. But that didn’t stop it from buying more Bitcoin. Bitcoin treasury company Strategy on Monday announced another crypto buy, bringing its total holdings to over 580,250 BTC—worth $63.7 billion at today’s prices.  Strategy—formerly MicroStrategy—said it bought

In brief Caladan has revealed plans to open a representative office in New York City, committing at least 5% of its global workforce to expand into the U.S. market. The firm is exploring broker-dealer registration and FINRA membership, seeking to build institutional partnerships and engage directly with U.S. regulators. The move comes as the Trump

In brief Coinbase released a few more worrying details about the data breach it reported last week. Strategy got hit with a class action lawsuit, then launched a “crown jewel” of a $2.1 billion stock offering. A trio of banks are mulling a stablecoin contender, but it would be used on a permissioned network. Public

Key Takeaways Alchemy acquired HeyMint to enhance its Smart Wallets with improved user onboarding features. HeyMint’s no-code tools have been trusted by over 1 million users, generating $38 million in NFT sales. Share this article Alchemy has acquired HeyMint, a user-first NFT launchpad, to accelerate and strengthen Alchemy’s mission to simplify and scale user onboarding

The Russian Ministry of Energy is considering offering its now strictly regulated Bitcoin mining industry incentives to move to the north of the country. The move follows Russia slapping a Bitcoin mining ban on ten regions (mainly in the south) in January of this year: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia,

In brief Kraken will offer so-called xStocks to overseas customers on Solana. The initiative is being facilitated through a partnership with tokenization firm Backed. The product is aimed at offering investors better access to U.S.-listed stocks globally. Kraken will soon offer overseas customers the ability to trade U.S.-listed stocks through the crypto exchange’s platform, the

In brief Mitroplus Labs founder Festo Ivaibi was abducted near his home on May 17 and forced to transfer crypto worth roughly half a million dollars. The firm claims over 48 similar crypto-related attacks have occurred in Uganda, though most remain unreported. Experts urge better coordination between physical safety protocols and digital asset protections. A