Investments

US Labor Department dials back crypto warning for retirement plans

US Labor Department dials back crypto warning for retirement plans

Leave a Comment / crypto, Featured, Investments, Regulation /

The US Department of Labor (DOL) formally rescinded a 2022 compliance release that discouraged fiduciaries from offering crypto investment options in 401(k) retirement plans, according to a May 28 announcement. The decision withdraws “Compliance Assistance Release No. 2022-01,” which directed fiduciaries to exercise “extreme care” before including digital assets in retirement plan investment menus. Neutrality restored  […]

US Labor Department dials back crypto warning for retirement plans Read More »

El Salvador’s Bitcoin strategy under IMF scrutiny

El Salvador’s Bitcoin strategy under IMF scrutiny

Leave a Comment / Bitcoin, El Salvador, Featured, Investments, Macro, Politics /

The International Monetary Fund (IMF) has again called on El Salvador to keep its Bitcoin holdings unchanged. In a statement released on May 27, the IMF said government-owned wallets must not increase their BTC reserves and also urged the country to fully exit its role in the Chivo wallet by the end of July. According

El Salvador’s Bitcoin strategy under IMF scrutiny Read More »

GameStop propelled into top 15 Bitcoin holders, with 4,710 BTC purchase

GameStop propelled into top 15 Bitcoin holders, with 4,710 BTC purchase

Leave a Comment / Adoption, Bitcoin, crypto, GameStop, Investments, Semler Scientific /

GameStop has taken a bold step into the crypto space, confirming that it has purchased 4,710 Bitcoin, according to a May 28 statement. According to Bitcoin Treasuries data, this move places GameStop among the top 13 public companies holding Bitcoin, surpassing other entrants like Semler Scientific. Google Finance data shows the company’s stock climbed roughly

GameStop propelled into top 15 Bitcoin holders, with 4,710 BTC purchase Read More »

Trump Media’s bold .5 billion Bitcoin bet shakes market

Trump Media’s bold $2.5 billion Bitcoin bet shakes market

Leave a Comment / Adoption, Bitcoin, crypto, Deals, Donald Trump, Featured, Investments, TradFi, Trump Media /

Trump Media & Technology Group (TMTG), a company backed by US President Donald Trump, has announced plans to raise $2.5 billion through a mix of stock and convertible note offerings to purchase Bitcoin, according to a May 27 statement. This planned purchase would help the firm reach the top 10 corporate Bitcoin holders globally. Strategy (formerly

Trump Media’s bold $2.5 billion Bitcoin bet shakes market Read More »

Nasdaq-listed Top Win changes ticker to SORA, names Jason Fang board chairman

Nasdaq-listed Top Win changes ticker to SORA, names Jason Fang board chairman

Leave a Comment / Adoption, AsiaStrategy, Bitcoin, crypto, Culture, Featured, Investments, Sora Venture /

Bitcoin-focused firm Top Win International has officially changed its Nasdaq ticker symbol from TOPW to SORA to reflect its revamp to a Bitcoin Treasury company, according to a May 27 regulatory filing. The firm has also appointed Sora Ventures co-founder Jason Fang as chairman of the board of directors. Fang brings a wealth of experience to

Nasdaq-listed Top Win changes ticker to SORA, names Jason Fang board chairman Read More »

Tether invests billion profit into US companies while holding 0 billion in US debt

Tether invests $5 billion profit into US companies while holding $120 billion in US debt

Leave a Comment / Adoption, Bitcoin, Featured, Investments, Stablecoins, Tether, TradFi, US, USDT /

Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion of its profits into US-based companies and infrastructure over the past two years. In a May 26 post on X, Tether CEO Paolo Ardoino disclosed that the company has made significant investments across American businesses and emerging

Tether invests $5 billion profit into US companies while holding $120 billion in US debt Read More »

Strategy seeks to raise .1 billion from STRF stock offering to bolster its Bitcoin holdings

Strategy seeks to raise $2.1 billion from STRF stock offering to bolster its Bitcoin holdings

Leave a Comment / Adoption, Bitcoin, crypto, Deals, Featured, Investments, MicroStrategy, MSTR, Strategy, STRF, TradFi, Trading /

Strategy (formerly MicroStrategy) has unveiled plans to raise $2.1 billion via sales of its Series A Perpetual Strife Preferred Stock (STRF). According to the May 22 statement, the stock will be issued under an at-the-market (ATM) program. This structure allows Strategy to sell shares gradually, based on favorable market conditions like trading volume and price.

Strategy seeks to raise $2.1 billion from STRF stock offering to bolster its Bitcoin holdings Read More »

World Foundation secures 5M via token sales to expand biometric Orb-verified IDs globally

World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally

Leave a Comment / AI, crypto, Featured, Investments, Price Watch /

World Assets, a subsidiary of World Foundation (formerly Worldcoin), has raised $135 million through a strategic sale of WLD tokens to venture firms Andreessen Horowitz (a16z) and Bain Capital Crypto, both early supporters of the fast-growing digital identity initiative. According to the firm, the tokens were sold at prevailing market prices, which proportionately increased the

World Foundation secures $135M via token sales to expand biometric Orb-verified IDs globally Read More »

OpenAI ventures into hardware with .4B deal for legendary designer Jony Ive’s startup io

OpenAI ventures into hardware with $6.4B deal for legendary designer Jony Ive’s startup io

Leave a Comment / AI, Deals, Featured, Investments, Technology /

OpenAI announced on May 21 that it will acquire Jony Ive’s artificial intelligence hardware startup io in an all-equity transaction valued at approximately $6.4 billion, according to a report by CNBC. The acquisition, OpenAI’s largest to date, marks a decisive step into hardware for the company best known for its generative AI models. The deal

OpenAI ventures into hardware with $6.4B deal for legendary designer Jony Ive’s startup io Read More »

Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare

Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare

Leave a Comment / Adoption, Bitcoin, Bitcoin Strategy, BTC, crypto, Investments, Legal, Metaplanet, MicroStrategy, Strategy /

Two of the largest corporate Bitcoin holders, Strategy (formerly MicroStrategy) and Japan-based Metaplanet, have significantly expanded their crypto treasuries this week. According to separate May 19 announcements, both firms collectively acquired 8,394 BTC, spending nearly $870 million. This follows their buying spree the previous week, when the companies added almost 15,000 BTC. As a result,

Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare Read More »

Subscribe
Subscribe