Venture capital funding directed towards crypto startups totaled $4.5 billion during the second quarter, down 22% versus the previous three months. According to DefiLlama data, the breakdown of the second quarter shows monthly flows of roughly $1.29 billion in April, $624 million in May, and $2.5 billion in June. June’s figure is over 4x larger […]
Crypto VC funding drops 22% in Q2 despite strong June finish Read More »
Ripple slams brakes on speculation as it confirms no ties to Linqto’s collapsed resale scheme, asserts XRP is unaffected, and highlights strong private share performance. Ripple CEO Responds to Linqto Fallout, Emphasizes XRP Not Part of Share Issue Investor concerns over the handling of private Ripple shares intensified following federal investigations into Linqto’s high-markup resale
Ripple Breaks Silence on Linqto Controversy, Clarifies XRP and Share Differences Read More »
DeFi Development Corp has unveiled plans to raise $100 million through a private offering of convertible senior notes to strengthen its Solana-focused treasury strategy as anticipation for potential U.S. approval of Solana exchange-traded funds (ETFs) ramps up. DeFi Development Corp. said proceeds will be used partly to repurchase its own shares through a prepaid forward
Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) has been frozen by a stay order, despite receiving approval from the Securities and Exchange Commission (SEC) on July 1. Bloomberg ETF analyst James Seyffart said in a social media post on July 2 that the stay blocks the conversion “for now”
Canadian fintech Mogo announced on July 2 that its board had cleared up to $50 million for staged Bitcoin purchases as a long-term treasury reserve, prompting its shares to jump 140% at market opening on the Toronto Stock Exchange. MOGO closed July 1 priced at 1.74 Canadian dollars, worth roughly $1.28. It opened on July
Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad Garlinghouse wrote in a post on X. The filing would place Ripple USD (RLUSD) under federal supervision while maintaining its existing oversight by the New York Department of Financial Services, creating a “new
A long-time Bitcoin holder has finally cracked open one of the rarest physical Bitcoin collectibles in existence—a Casascius bar loaded with 100 BTC. The collector, who goes by the name John Galt on the Bitcoin Talk forum, originally bought the bar in 2012 for just $500. 13 years later, he redeemed it when the top
Bitcoin bar redeemed after 13 years turns $500 into $10 million Read More »
Ethereum developer Zak Cole is spearheading a new initiative called the Ethereum Community Foundation (ECF), which will primarily work to enhance the digital asset’s economic value. The initiative was announced during the Ethereum Community Conference in Cannes, France. Founded by Cole and a group of ecosystem supporters, the ECF has reportedly already raised “millions” and
Bitcoin (BTC) investors have kept their coins off exchanges in recent weeks, even as market-wide profitability climbed to levels that typically trigger distribution, according to a July 1 report from Glassnode. Bitcoin fell from $106,000 to $99,000 during last week’s Israel-Iran flare-up, but buyers defended the short-term holder cost basis at $98,300 and pushed the
Bitcoin holders exhibit ‘diamond hands’ as unrealized profits swell past $1 trillion Read More »
The crypto market saw significant declines on July 1 despite Bitcoin’s record monthly close the day prior amid continued institutional and corporate accumulation. Bitcoin (BTC) managed to maintain its footing above the $105,000, but altcoins experienced drastic declines, with some posting double-digit percentage losses for the day. Bitcoin fell nearly 2% to a low of
Bitcoin dips to $105k on Q3 open despite record monthly close Read More »
