Parataxis to go public and form a $640m Bitcoin treasury through SPAC merger
Parataxis Holdings is merging with SilverBox Corp IV in a special purpose acquisition that includes the formation of a NYSE-traded Bitcoin treasury company worth $640 million. In a recent press release, the two companies announced that the deal could “provide…...
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KakaoBank signals entry into stablecoin market as South Korea opens the door
South Korean digital bank KakaoBank hopes to cement its place in the stablecoin market and is reportedly reviewing various entry strategies, including a potential won-pegged stablecoin. Local media outlet reports say KakaoBank’s chief financial officer, Kwon Tae-hoon, has confirmed that…...
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Probability Of September Rate Cuts Rises Above 92%, Here’s What It Means For Bitcoin And Crypto
The next meeting for the Federal Open Market Committee (FOMC) is still more than a month away, but it is already garnering a lot of attention due to its importance and impact on the crypto market. Bets are already being placed on what will be the outcome of the...
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Ethereum Treasury Strategy Fuels Cosmos Health’s $300 Million Financing Deal—Stock Surges 31%
Cosmos Health Inc. (NASDAQ:COSM) shares surged 30.98% to $1.15 after announcing a $300 million financing facility to launch an Ethereum (CRYPTO: ETH) treasury strategy, joining a growing trend of corporations adopting digital asset reserves. $300 Million Facility Targets ETH Accumulation The healthcare group secured the senior secured convertible notes...
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Shiba Inu to Appoint Interim President – Here’s Why That Matters
TL;DR Shiba Inu is introducing its first-ever democratic process to appoint an interim president through a multi-phase election involving open nominations, debates, and final voting. Lead developer Shytoshi Kusama announced a shift toward community-led governance, encouraging SHIB whales to run for the position. The Elections Earlier this month, the...
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With South Korea’s CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush
KakaoBank is preparing to enter South Korea’s fast-growing stablecoin sector, according to local reports. In its first-half earnings call on Tuesday, KakaoBank CFO Kwon Tae-hoon said the firm is “actively considering” roles in both stablecoin issuance and custody, with participation aligned to the country’s shifting digital asset policies. “We...
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Crypto trader bot scam on YouTube looted 256 ETH: SentinelLABS
Aged YouTube accounts with a history of posting crypto news and investing tips have been taken over by bad actors to advertise a scam trading bot that steals crypto....
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Time To Think Bigger: SEC’s ‘Project Crypto’ Has Not Been Priced In, Says Bitwise CIO
Bitwise CIO Matt Hougan weighed in on the Securities and Exchange Commission (SEC) Chair’s recent speech announcing the regulator’s new initiative to develop the digital crypto industry. Project Crypto, The ‘Most Bullish’ Document On Tuesday, Bitwise CIO Matt Hougan discussed the SEC Chair’s recent speech, titled “American Leadership in...
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Bitcoin, Ether, XRP price bump pushes market sentiment to ‘Greed’
Crypto analysts have echoed the positive sentiment around Bitcoin, with some speculating it could jump to $125,000 in the near term....
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XRP Trades Higher On Crypto Market Rebound — Analyst Sets Price Target At $7
XRP (CRYPTO: XRP) is trading higher late Wednesday, spurred by broader cryptocurrency momentum and a strategic partnership. XRP Reclaims $3 The third-largest cryptocurrency by market capitalization rose more than 2% higher in the last 24 hours, reversing the downsides from the day before. XRP reached an intraday high of...
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