Newsmax Board Authorizes Up to $5 Million in Bitcoin, Trump Coin Purchases
Newsmax Board Authorizes Up to $5 Million in Bitcoin, Trump Coin Purchases
Newsmax Board Authorizes Up to $5 Million in Bitcoin, Trump Coin Purchases Read More »
Daylight raises $75 million to build a decentralized energy network
Daylight, a decentralized energy company, has raised $75 million to expand its blockchain-based power grid, the company announced Thursday on X. The round includes $15 million in equity led by Framework Ventures, as well as $60 million in project funding from Turtle Hill Capital, with participation from a16z crypto, M13, EV3 Ventures, Lerer Hippeau and
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Bitcoin (BTC) Price Analysis: Credit Issues Emerging
U.S. stocks take a hit Thursday as credit woes begin to emerge alongside a slowing economy. “When you see one cockroach, there are probably more,” JPMorgan CEO Jaime Dimon said yesterday during his bank’s quarterly earnings conference call. Dimon was referring to the bankruptcies earlier this fall of auto parts supplier First Brands and subprime
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Bitcoin (BTC) Treasury Analysis: Doubts About SPACs
Has the PIPE Model Failed for Bitcoin Cash Companies? The collapse in stock prices of two notable deals recently completed – KindlyMD (NAKA) and Strive (ASST) suggests as much. A PIPE, or Private Investment in Public Equity, is a financing mechanism through which institutional investors purchase shares directly from a publicly traded company at a
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Bearish October Continues as Altcoins Take a Hammer Blow
The crypto market suffered another grueling sell-off on Thursday, with several altcoins facing double-digit downside moves while BTC and ETH began to challenge critical support levels. The move appears to be a continuation of the weekend’s $500 billion bloodbath, with traders now exercising more caution to avoid another potential liquidation cascade. Positioning of derivative products
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Stellar slides late as volatility returns despite institutional milestone
Stellar Lumens (XLM) saw pronounced volatility during the 23-hour trading session ending October 16, moving within a 5% range between $0.32 and $0.33. After an initial weakness, institutional buying helped the token rebound around midday, with volumes signaling renewed corporate participation. The momentum faded late in the session, as XLM fell from $0.33 to just
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HBAR faces sharp bearish reversal after volatile 24-hour trading window
HBAR experienced a volatile 24-hour period as institutional traders managed a narrow but intense range between $0.176 and $0.185. The token initially fell due to corporate profit-taking before rebounding sharply on the morning of October 16, when corporate trading volumes exceeded 129 million. Despite this recovery, the momentum proved to be short-lived. A sharp reversal
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Enters corporate treasury business with $1 billion acquisition of GTreasury
Ripple, the blockchain company closely associated with the XRP Ledger (XRP) network, is acquiring treasury software provider GTreasury for $1 billion, deepening the corporate finance sector. GTreasury’s treasury platform, used by Fortune 500 companies to manage treasury, foreign exchange and risk, will be part of Ripple’s growing suite of financial tools, the company told CoinDesk
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SharpLink Raises $76.5M in High-Price Stock Deal to Expand Ether Holdings
The second largest publicly traded ether treasury company, SharpLink Gaming (SBET), has raised $76.5 million in a direct stock offering at an above-market price. The Minneapolis-based company said in a news release that it sold 4.5 million shares at $17 per share, a 12% premium to its Oct. 15 closing price of $15.15. The sale
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Lombard and Story Partner to Revolutionize the Creator Economy via Bitcoin-Based Infrastructure
Lombard and Story Partner to Revolutionize the Creator Economy via Bitcoin-Based Infrastructure