Strategy, formerly MicroStrategy, has purchased an additional 525 BTC for $60 million, at an average price of $114,562. The company, led by chairman and co-founder Michael Saylor, has an aggressive Bitcoin acquisition strategy that began in August 2020 and has made it the largest public company holder of the asset,Continue Reading
Monero’s blockchain experienced a rare 18-block reorganisation on Sunday, reversing 117 transactions and raising concerns about the network’s resilience to double-spending attacks. While not officially confirmed, many in the community believe the reorg was caused by Qubic, an AI-focused blockchain and mining pool that has previously stated its intention toContinue Reading
Polkadot’s decentralised autonomous organisation (DAO) has approved a referendum to set a permanent supply cap of 2.1 billion DOT, marking a significant shift from its previous inflationary model with no maximum limit. The decision to cap the supply, which received overwhelming community support, is intended to appeal to long-term holdersContinue Reading
Bitcoin investors should focus on long-term growth rather than expecting immediate wealth or overnight gains. Despite recent underperformance versus gold and the S&P 500, Bitcoin remains the top-performing asset against currency debasement. Long-term holders are “laughing” at short-term volatility, with historical returns averaging 82.4% annually over the past decade. BitMEXContinue Reading
US Bitcoin ETFs recorded US$2.2 billion in net inflows last week after strong performance from Fidelity and BlackRock, reversing previous negative flows. The combined US funds now hold 1.31 million BTC worth US$152.7 billion, representing 6.24% of total Bitcoin supply and highlighting ETFs’ growing importance. Ethereum ETFs attracted US$734.3 millionContinue Reading
Former White House adviser Bo Hines leads USAT, signalling serious intent for US growth. USAT merges tokenisation with strict regulatory oversight, aiming to reshape the landscape of US finance. Despite USDT dominance, USAT directly targets Circle’s USDC as the regulated US stablecoin option. Tether has unveiled USAT, a dollar-backed stablecoinContinue Reading
A Canadian man has been found guilty of scamming approximately 200 victims out of CAD$1 million while on bail for an earlier crypto heist which netted him CAD$48 million. In 2020 the man had performed a SIM swap attack to gain access to the crypto accounts of Josh Jones, theContinue Reading
The Ethereum Foundation has rebranded its “Privacy & Scaling Explorations” program to “Privacy Stewards of Ethereum” (PSE) and released a new roadmap to embed end-to-end privacy into the Ethereum ecosystem. The roadmap is organised around three key areas: private writes, private reads, and private proving. The Foundation’s vision is toContinue Reading
Prediction market Polymarket is reportedly preparing for a US launch with a new funding round that could value the company at up to US$10 billion, a significant jump from its US$1 billion valuation just three months ago. The company is in a heated rivalry with competitor Kalshi, which is alsoContinue Reading
Shares of the crypto exchange Gemini rose 32.2% in their Nasdaq debut, reaching a valuation of US$4.4 billion after the company raised US$425 million by selling shares at a price of US$28. The company’s IPO was 20 times oversubscribed, marking a significant turnaround for the exchange following years of regulatoryContinue Reading
