Crypto News

- Strategy Drops $450 Million on Bitcoin, Benchmark Reiterates 'Buy' Rating Strategy recently purchased 4,000 Bitcoin worth $450 million, raising funds for its latest acquisition mostly by issuing common shares, according to a press release. The Tysons Corner, Virginia-based firm now owns roughly 636,500 Bitcoin worth $70.6 billion. Strategy sold $425 million in common stock compared to $46.5 million in preferred shares. Strategy has come up with myriad ways to fund its Bitcoin purchases, but the company has traditionally leaned on common shareholders as a way to grow its stockpile. In recent weeks, that practice has drawn outsized attention as Strategy has revised its corporate playbook. The Bitcoin-buying firm modified a...

- Market Overview Bitcoin hit the brakes on its four-month winning streak with a 6% August drop, briefly sliding below $108K as traders shifted risk-off ahead of September. BTC has since rebounded to $110K, with the focus now on Sept. 5’s jobs data—an event that could shape the Federal Reserve’s policy rates this month and influence the market’s direction. Altcoins showed a split performance, with Solana’s ecosystem tokens moving in step with the broader market. PYTH (fresh from last week’s regulatory win) and PUMP led the charge among the top 20 tokens as the ecosystem's market cap climbed 6% to $271B, even as trading volume pulled back. This week also saw the World Liberty Finance launch, the biggest crypto event for Trump since...

- Gemini plans $317M raise in Nasdaq IPO at $2.2B valuation Gemini, the U.S.-based crypto exchange led by the Winklevoss twins, is eyeing a valuation of up to $2.22 billion in its initial public offering (IPO), the company said on Sep. 2. The crypto exchange is planning to raise as much as $317 million by selling 16.67 million shares at the price range of $17-$19. It has applied to list its shares on the Nasdaq Global Select Market under the ticker symbol "GEMI." Gemini's IPO plan amid tiff with Wall Street giant Founded in 2014, Gemini has more than $18 billion of assets on the platform. In addition to the crypto exchange, crypto staking, and custody, the company recently launched a credit card that offers XRP rewards. Gemini is...

- Ethena, the issuer behind the USDe dollar-pegged token, is surging. The supply of USDe has grown a whopping 42% over the past month to an all-time high of $12.43 billion, and the protocol’s revenues are the highest they’ve been since the start of the year, topping $61 million in August. USDe is now firmly the third-biggest dollar-pegged token behind Tether’s USDT and Circle’s USDC, having overtaken the supply of Sky’s DAI and USDS stablecoins combined. Ethena is also the fifth-biggest DeFi protocol by deposits. Now, all eyes are on Ethena’s planned fee switch. For the first time, holders of Ethena’s ENA governance token could soon receive a slice of the protocol’s profits. Fee switches are big news for a protocol’s token holders...

- The crypto market's rebound this week signals an attempt to pivot from the sustained downtrend noted since mid-August, with experts attributing this comeback to improving macroeconomic conditions and on-chain metrics. Among the top 10 cryptocurrencies by market cap, Bitcoin, XRP, and Solana posted gains of at least 2% each—carrying BTC back above $111,000 for the first time since last Friday. While Bitcoin is only up slightly on the week, by 1% as of this writing, Solana has posted a weekly gain of more than 7%. Other top coins like Ethereum, Dogecoin, and BNB remain slightly down on the day. Bitget chief analyst Ryan Lee stated that the depreciation of the U.S. dollar has "bolstered risk-on sentiment and encouraged capital flows...

- Blockchain Lender Figure Seeks Up to $4.1 Billion Valuation in US IPO Figure Technologies is targeting a valuation of up to $4.13 billion in its initial public offering, becoming the latest crypto firm to capitalize on revived investor interest in new listings. Renewed regulatory clarity and strong inflows into crypto-focused exchange-traded funds have accelerated institutional adoption of digital assets, while successful debuts by crypto exchange Bullish and stablecoin issuer Circle have encouraged other firms to go public. Figure and some of its existing investors plan to sell 26.3 million shares in the IPO at prices expected to be between $18 and $20, aiming to raise up to $526.3 million. Earlier on Tuesday, Swedish fintech...

- A user on the Binance Smart Chain has lost $27 million to a phishing scam, according to security experts and those who have spoken with the victim. Several groups are now working with the victim and are attempting to recover the funds. Early reports indicated that BNB lending protocol Venus Protocol had been hacked, due to the funds being held in Venus wrapper tokens for USDT and USDC. However, blockchain security firm Cyvers and Venus Protocol confirmed that the lending platform is not compromised—meaning the assets of other Venus users are safe. PeckShield, another security company, also confirmed that it was a phishing scam, that the firm is in contact with the victim, and is working to recover the funds. Venus Protocol...

- The creation of the XRPL Gamechain marks the advent of crypto gaming on the XRP Ledger, designed to onboard new users to the ecosystem. This development is being driven by appchain network and gaming ecosystem B3 in collaboration with XRPL Commons. “Gaming is universal to all of us,” said Viktoriya Hying, co-founder of B3 creator NPC Labs. She emphasized the engaging potential of on-chain games, envisioned to provide fun, frictionless, and novel experiences. The XRPL Gamechain is slated to launch a testnet version of Xcade, an arcade featuring five casual or hyper-casual gaming titles tailored for quick-paced gameplay. The complete version is expected to roll out in the fall. Pudgy Penguins Game 'Pudgy Party' Launches on iOS and...

- Solana Alpenglow Upgrade Could Propel SOL to $250 By Year-End: Analyst Solana is preparing to implement the Alpenglow upgrade, a proposal that would reduce transaction finality on the network to near-instant speed. Filed as SIMD-0326 (Solana Improvement Document), the Alpenglow upgrade has already secured more than 99% validator support, according to data from Staking Facilities. Once implemented, the proposal would cut transaction finality from over 12 seconds to just 150 milliseconds. If implemented as intended, it would deliver a hundred-fold speed increase and set a new benchmark for decentralized infrastructure. Shawn Young, chief analyst at MEXC Research, notes that more than $1.7 billion in Solana is already locked in...

- Nations hold a lot of bitcoin, but they aren’t buying it While over a dozen countries are known to own bitcoin, only one country, El Salvador, is confirmed to acquire their BTC through direct purchases. Deciphering how much BTC a country owns is a special blend of playing the game of nation state intrigue and deciphering bureaucratic incompetence. However, one thing is for certain: most countries that do hold bitcoin didn’t buy it. They mined it or they seized it. The sovereign bitcoin miners The seizure states Other nation state bitcoin holders While the sovereigns aren’t smashing buy like Saylor, they’re rivaling his speed of accumulation. Overall, governments are known to own over 520,000 BTC compared to Strategy’s ~632,000...

Trump Family’s WLFI Goes Live The Trump family has officially launched another token, adding nearly $6 billion in paper wealth to the family stack. What Happened World Liberty Financial (the Trump-backed DeFi protocol) unlocked WLFI for trading on Monday. Within hours, the token ranked among the most valuable new coins by market cap, while disclosures indicate the Trump family holds 22.5 billion WLFI (worth approximately $6 billion at current prices, with tokens locked under a TBD vesting schedule). As for price action, the token opened around $0.35 before falling to $0.21 and rebounding to $0.25 overnight. It has been a volatile start, and more volatility is expected as new proposals, such as the token buyback and burn proposal...

- Obita secures $10m for payment network expansion Cross-border payment network Obita has concluded its angel financing round, securing more than $10m. The funding will be used for the enhancement of its blockchain-based payment technology, Obita Mesh, which utilises stablecoins to power cross-border transactions. The investment will also support research and development, compliance infrastructure, and the company's expansion into new global markets. Vision Plus Capital and Mirana Ventures jointly led the latest financing round. In addition, contributions came from Legend Capital, HashKey Capital, and Web3.com Ventures, along with other entities and private investors. This financial backing is expected to expedite the deployment...

- While crypto has had its ups and downs this year, I think it's fair to say that the sector reached new heights in 2025. The Trump administration's push to make the U.S. the global crypto capital has led to deregulation, as well as legislation aiming to clarify regulatory gray areas. This has opened the door to institutional capital and allowed mainstream financial institutions to wade further into the market. Investors are now pouring into the traditional cryptocurrencies and are also trying to find the next big one that will break out. Ethereum (CRYPTO: ETH), the second-largest cryptocurrency in the world by market value, has always been a favorite, but it really started to pick up steam after a slow start to the year. As the 24th...

- While crypto has had its ups and downs this year, I think it's fair to say that the sector reached new heights in 2025. The Trump administration's push to make the U.S. the global crypto capital has led to deregulation, as well as legislation aiming to clarify regulatory gray areas. This has opened the door to institutional capital and allowed mainstream financial institutions to wade further into the market. Investors are now pouring into the traditional cryptocurrencies and are also trying to find the next big one that will break out. Ethereum (CRYPTO: ETH), the second-largest cryptocurrency in the world by market value, has always been a favorite, but it really started to pick up steam after a slow start to the year. As the 24th...

The Trump family has gained a $5bn (£3.7bn) fortune from its crypto business, making its wealth from virtual currencies more valuable than its property empire. On Tuesday, a crypto token launched by World Liberty Financial started trading on different exchanges, giving owners the chance to buy and sell the cryptocurrency for the first time. The token, known as WLFI, started trading at 30 cents per token before slipping to 24 cents. At this price, the Trump family has made a paper fortune of $5.4bn (£4bn). They own 22.5 billion WLFI tokens, almost a quarter of the total supply. The crypto venture was launched last year while the US president was running for the White House. Mr Trump’s sons, Eric, Donald Jr., and Barron, are...

- Key Points After sprinting to fresh highs in mid-August, Bitcoin and Ethereum eased back a bit in the final days of the month, with Bitcoin slipping a few percent and Ethereum giving back a little more. XRP has also cooled from its mid-month pop near $3.29 to arrive at about $2.76. Short-term volatility is guaranteed in crypto, and over longer horizons, all three have delivered strong gains this year. But there are still three clear bearish headwinds for crypto that investors should watch closely, as they're going to be relevant for as long as this bull run continues and likely beyond. 1. Policy fog is making for a confusing macro backdrop When government policy is a moving target, investors are reluctant to take risks. What...

- Winklevoss Bitcoin Twins' Gemini Seeks Up to $317 Million in US IPO Gemini is aiming to raise up to $316.7 million in its U.S. initial public offering, the cryptocurrency exchange said on Tuesday, underscoring a strong momentum for new listings. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/winklevoss-bitcoin-twins-gemini-seeks-105819678.html

- 3 Reasons XRP Enthusiasts Should Still Be Cautious Key Points XRP (CRYPTO: XRP) is a cryptocurrency that was launched by Ripple Labs in 2012. Its main purpose is to enable low-cost international money transfers, particularly for banks and financial institutions. It uses XRP as a bridge currency, which essentially means that two parties can exchange different currencies by putting their funds into XRP. It has gained over 420% in the last year, spurred by an end to its long-running court case and optimism about changing political attitudes toward crypto. XRP enthusiasts think this is only the beginning. Free from the shackles of legal battles, they think the token can go to the moon. Indeed, analysts at Standard Chartered predict...

- Key Points The next five years will decide whether XRP (CRYPTO: XRP) is the place where financial institutions actually keep their stablecoins, move value, and park assets, or whether one of its competitors is a better option. The question is less about slogans and more about who builds the high-bandwidth and high-quality money-moving rails that holders of large amounts of capital are comfortable using. So let's take a beat and map out what this asset's medium-term future is going to look like. The bull case looks pretty good here To appreciate where XRP might go during the next five years if the bulls are right about it, it's necessary to understand the concept of asset tokenization. In a nutshell, tokenization means recording...

- Ether Machine Raises $654 Million in Private Ether Financing as Nasdaq Debut Nears (Reuters) - The Ether Machine has raised $654 million worth of ether in private financing as the cryptocurrency firm expands its treasury strategy ahead of its Nasdaq listing later this year. The 150,000 ether - invested by longtime ethereum proponent Jeffrey Berns - will be delivered to its wallet later this week. Berns will also join the company's board of directors. As cryptocurrencies gain favor across corporate treasuries, ether stands out for its yield-generating ability. Holders can lock up their tokens to support the ethereum network in exchange for rewards, earning active returns. Ether Machine's financing comes less than two months after...