Ripple shareholder Linqto files for Chapter 11 bankruptcy
Ripple shareholder Linqto has filed for bankruptcy following months of controversy around securities laws violations, with the first hearing expected on Tuesday....
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Bitcoin Miner Bit Digital Dumped All Its BTC For ETH—And Isn’t Looking Back
Bit Digital (NASDAQ:BTBT) has made a decisive pivot away from Bitcoin (CRYPTO: BTC), converting its entire treasury to Ethereum and accumulating roughly 100,000 ETH on its balance sheet. What Happened: Speaking to CNBC on Monday, CEO Sam Tabar described Ethereum as “alive,” “institutional,” and “the only blockchain capable of...
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Spot Solana ETF Approval Poised To Come ‘Way Ahead’ Of Schedule
The US Securities and Exchange Commission has told would-be Solana ETF sponsors to file fully amended registration statements by the end of this month, a demand that compresses a review timetable currently set to run until 10 October, the first statutory deadline for the applications. People involved in the...
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$4.2B Bitcoin Play from Strategy — Snorter Token Buzz Grows with Institutional FOMO
Strategy hints at a massive Bitcoin buy after announcing a $4.2B STRD stock offering, which would translate to roughly 38,588 Bitcoins at the current price of $108,840 if the purchase goes through. The press release came on July 7, the same day when Strategy announced $14B in unrealized revenue stemming...
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CRO Surges After Truth Social’s Crypto Blue-Chip ETF Disclosure, XRP Underperforms
Truth Social, the alt-tech social media platform owned and operated by Trump Media & Technology Group (TMTG), filed for a new Crypto Blue-Chip ETF with the US SEC. The document reveals which cryptocurrency assets it will support, and the disclosure resulted in a massive price surge for one of...
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Crypto.com Custody Adds Institutional Support for Toncoin (TON) Amid Growing Demand
Following its Champions Grants earlier in May, the TON Foundation is at the center of a collaboration with Crypto.com. The TON Foundation With a New Business Partner The Open Network (TON) Foundation, previously bearing Telegram’s name, continues its expansion efforts by partnering with Crypto.com, gaining access to professional-grade custody...
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CoinDesk 20 Performance Update: Uniswap (UNI) Gains 3.8% as Index Inches Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3110.62, up 0.8% (+24.19) since 4 p.m. ET on Monday. Seventeen of 20 assets are trading higher. Leaders: UNI (+3.8%) and AAVE (+2.5%)....
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Crypto Treasury Firm ReserveOne Going Public in $1B SPAC Deal
ReserveOne, a newly launched digital asset management firm is going public through a $1 billion business combination with M3-Brigade Acquisition V Corp. (MBAV), the companies announced Tuesday. The deal includes $297.7 million in SPAC trust capital and $750 million in PIPE commitments from crypto industry heavyweights including Galaxy Digital,...
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Japan’s Surging 30-Year Yield Is Flashing Warning Sign for Risk Assets: Macro Markets
The yield on the superlong Japanese debt has surged significantly since Friday, warning of volatility in bond markets across advanced nations. This situation typically leads to financial tightening and zaps investors’ risk appetite. The yield on the Japanese 30-year government bond (JGB) has surged over 30 basis points (bps),...
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BNB Holds Steady as Traders Watch U.S. Tariff Moves
BNB (BNB) moved in a narrow $5.73 band between $656.83 and $662.61 during the last 24-hour stretch, as traders navigated a mix of global macro developments and ongoing regulatory scrutiny tied to Binance, the exchange associated with the token. Volatility in BNB clocked in at just 0.87%, reflecting a...
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