ETHZilla Shares Plunge Almost 30% as Dilution Fears Overshadow $349M Ether Treasury
Shares of ETHZilla (ETHZ), formerly known as biotech firm 180 Life Science, fell nearly 30% Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The offering sparked concerns about dilution, a process where existing shareholders’ stakes lose value as more stock enters...
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Circle, Coinbase, Strategy Surge as Crypto Stocks Rally on Possible Rate Cut Hopes
Crypto-linked stocks and digital assets surged on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank could begin cutting interest rates as soon as September. The tone marked a shift after weeks of growing investor doubt that the Fed would act before year-end. Bitcoin (BTC) and...
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While CFTC Awaits New Chairman, Acting Chief Pham Gets Rolling on Crypto
With the chairmanship still an open question for the Commodity Futures Trading Commission — likely to be a leading U.S. watchdog for crypto — its interim leader, Caroline Pham, is getting started on recommendations from the recent crypto report of the President’s Working Group. The CFTC, which regulates U.S....
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SharpLink to Commence $1.5B Stock Buyback Program
Ether treasury firm SharpLink Gaming (SBET) has authorized a stock purchase program of up to $1.5 billion. SharpLink, which is helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, said it will make the repurchases at a time and in amounts that depend on market conditions and share price...
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XRP Zooms 3% as Bitcoin Spikes on Powell Comments
XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday, causing bitcoin (BTC) and major tokens to move higher. 470 million token selloff drove volume spikes and heavy resistance at $2.92, while ETF delays and weak security rankings compound...
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Powell Puts September Rate Cut in Play; Bitcoin Pushes Higher
Perhaps surprising markets which had expected a hawkish tone, Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday. Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell said the shifting balance of risks may warrant adjusting policy. “Downside risks...
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FTX Fallout: Financial Firm Accused Of Daily Phishing Emails In Exchange’s Collapse
Kroll, a financial and risk advisory firm, is facing a class-action suit after a data breach that exposed personal details of creditors tied to FTX, BlockFi and Genesis. According to the complaint, the breach in August 2023 let malicious actors obtain sensitive data, and that exposure has led to...
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Chainlink Is BREAKING OUT!! How High Will LINK Go!?
ETH has been rallying hard lately, and blue chip altcoins on Ethereum have been rallying even harder. One of these has been Chainlink, whose LINK token is on the brink of a massive, multi-year breakout. This is not surprising given that Chainlink has evolved a lot over the years,...
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Ethereum (ETH) Prints Bullish Engulfing as Institutions Load Up
TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum’s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals...
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Solar Panels + Bitcoin Mining = FREE Car & Electricity? 🤯 #shorts
Witness how solar power transforms driving a Tesla into a cost-free experience, potentially ‘mining Bitcoin for free’. Discover the projections for renewable energy credits and electricity bill savings, all while contrasting residential vs. farm electricity rates! #Tesla #SolarPower #BitcoinMining #RenewableEnergy #EnergyCredits...
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