Japanese energy consulting firm, Remixpoint, has announced that it has raised approximately 31.5 billion yen, worth around $215 million, through financing. All funds are allocated for the acquisition of Bitcoin. The company aims to hold 3,000 BTC in the near term. However, it warned that fluctuations in the crypto asset’s prices and its own stock […]
We’re only halfway through the year, but Ripple’s stablecoin, RLUSD, has made a serious entrance into the ranks of industry leaders. While some of the company’s plans may have seemed speculative, its steps into the TradFi space are steadily being solidified. Decisively Climbing The Ranks RLUSD quickly made waves by being designed to be Markets […]
“Stablecoins are spreading the dollar faster than any financial tech in history,” said Electric Capital General Partner Maria Shen on Tuesday. “Ethereum is becoming the financial backbone,” she added, referencing a newly published research report on stablecoin demand for Ethereum’s tenth birthday. For the first time, anyone across the globe can hold US dollars via […]
The long-speculated launch of Pump.fun’s native token is facing fresh uncertainty after crypto exchange Gate.io abruptly removed its pre-market listing for the coin. The latest development has left traders without clarity on its timeline. Gate.io Pulls Pump.fun Token Sale Page On Tuesday, Gate.io posted details for what appeared to be the first official sale of […]
Japanese energy firm Remixpoint has announced it will pay its President and CEO’s entire executive compensation in Bitcoin. This marks the first time a listed company in Japan has chosen to do so. The step is part of Remixpoint’s aim to implement “shareholder-oriented management” by ensuring that management shares the same economic fate as shareholders. […]
The emblematic sports car brand, Automobili Lamborghini, announced the first major metaverse expansion of its proprietary digital platform, Fast ForWorld, by bringing the new Temerario, as well as its GT3 counterpart, to the leading photorealistic open-world Metaverse, Wilder World. Setting Foot Into The Metaverse Fast ForWorld is Automobili Lamborghini’s own platform and ecosystem for Web3 […]
Analysts are keenly watching money supply expansion as a key indicator for Bitcoin and crypto markets, with the notion that when central banks print more money, it eventually flows into high-risk assets such as crypto. Bitcoin markets are lining up with the 100-day offset of the M2 money supply, observed crypto YouTuber Lark Davis on […]
Last week, digital asset investment products saw $1.04 billion in inflows. The figure marks twelve straight weeks of positive momentum, logging total inflows at $18 billion. Price increases during the week lifted total assets under management to a record $188 billion. Meanwhile, trading volumes hit $16.3 billion, which aligned with the average weekly volume observed […]
Bit Digital has gone all-in on Ethereum after offloading all of its Bitcoin to buy ETH. The Nasdaq-listed company raised $172 million from its BTC sales and acquired over 100,000 ETH, becoming the latest corporate Ethereum treasury firm. “Following a $172 million public equity raise and conversion of its balance sheet from Bitcoin to Ethereum, […]
According to a local newspaper, the Russian Ministry of Energy, the Ministry of Digital Development, and the Federal Tax Service have compiled a “registry” that has been sent to regions with increased mining activity. An official of the Finance Ministry, Ivan Chebeskov, stated that despite certain laws being adopted, only 30% of miners had signed […]