CRYPTO
Metaplanet Doubles Down on Bitcoin as Shares Slide, Buys Another $54M
The Japanese company’s purchase takes its total holdings to more than $1.78 billion in value. What to know: Metaplanet (3350), a Tokyo-listed investment firm, said it bought another 463 bitcoin emphasizing the cryptocurrency’s long-term shareholder value even as its stock fell more than 7% to sit at half the value it held […]
French MPs Float Plan to Mine Bitcoin With Surplus Nuclear Energy
The proposal aims to take advantage of surplus energy generated by nuclear power plants, with one MP describing it as a “secure and extremely profitable solution”. What to know: A group of French lawmakers is preparing a draft law that would enable the use of surplus electricity from nuclear power […]
What Bitcoin’s Velocity Says About Its Future
Falling on-chain velocity doesn’t necessarily mean bitcoin usage is slowing. In fact, it might just mean we’re looking in the wrong place, says Stefania Barbaglio. What to know: Bitcoin’s on-chain velocity—how often coins move—is at decade lows. To some, that’s a red flag: has Bitcoin lost momentum? Is it still […]
Strategy Shocks Wall Street With 46,671% EPS Beat Fueled By Bitcoin Treasury Strategy
Strategy (MSTR) shocks Wall Street with a 46,671% EPS beat in Q2, powered by its aggressive Bitcoin Treasury strategy redefining corporate finance. Strategy (formerly MicroStrategy) delivered a second-quarter earnings call that demonstrated more than financial results; it revealed a robust and deliberate treasury architecture designed to make Bitcoin the centerpiece of shareholder value creation. […]
SEC’s Atkins: ‘Most Crypto Assets Are Not Securities’ Under Bold New Vision
Paul Atkins, the head of the Securities and Exchange Commission, said “most crypto assets are not securities.” What to know: WASHINGTON, D.C. — Securities and Exchange Commission (SEC) Chairman Paul Atkins said his agency is launching “Project Crypto” with an aim to make a quick start on the new crypto policies urged […]
Samourai Wallet Devs Plead Guilty to Conspiring to Run Unlicensed Money Transmitter
The pair’s plea change comes amid Tornado Cash developer Roman Storm’s ongoing criminal trial on similar charges. What to know: The developers of bitcoin mixing service Samourai Wallet pleaded guilty to one count each of conspiracy to operate an unlicensed money transmitting business on Wednesday, taking a plea deal that drastically […]
Strategy Looking to Raise $4.2B Via Preferred Stock to Stack More Bitcoin
The offering comes just days after closing on the sale of $2.5 billion of STRC preferred shares. What to know: Strategy (MSTR), the largest corporate holder of bitcoin, plans to raise as much as $4.2 billion through sales of a newly issued preferred stock series, according to a Thursday filing with the U.S. […]
Monero’s 51% Attack: Centralization vs Decentralization
For the first time ever, a coin has openly announced its intention to 51% attack none other than Monero, the world’s most popular privacy coin. We’re about to see a centralized tightly controlled cryptocurrency that normally trains AI fight against another that embraces decentralization and privacy to its very core. […]
PayPal Opens Bitcoin And Crypto Payments to US Merchants
PayPal now lets small businesses across the US accept Bitcoin and over 100 other cryptocurrencies. Today, PayPal announced that it will launch a new payment option allowing small US businesses to accept over 100 cryptocurrencies, including bitcoin. The option is available to any US merchant using PayPal’s online payments platform. Merchants will […]
SEC Delays Decision on Trump-Linked Truth Social Bitcoin ETF Until September
Other crypto ETF applications, including the Grayscale Solana Trust and Canary Capital Litecoin ETF, were also postponed. What to know: The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on whether to approve an exchange-traded fund (ETF) proposed by Truth Social, the social media platform affiliated with Donald Trump. The delay, announced […]
