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Strategy closed a $2.521 billion initial public offering of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and immediately used the proceeds to expand its Bitcoin (BTC) reserve.
The company said it purchased 21,021 BTC at an average $117,256 apiece, lifting holdings to about 628,791 BTC as of July 29. The aggregate cost basis now stands near $46.8 billion, about $73,227 per...
SharpLink has generated approximately $3 million in rewards from staking its 438,190 Ethereum holdings, according to a company update released on July 29.
According to the firm, it has leveraged staking rewards and equity issuance to expand its ETH treasury during the past week. To date, the company has earned 722 ETH, worth around $2.7 million, through staking activities alone.
Last week, the...
Bitcoin investment firm Twenty One Capital is set to receive 5,800 BTC from stablecoin issuer Tether as it prepares for its upcoming public listing, according to a July 29 statement.
This inflow would bring the firm’s total Bitcoin holdings to over 43,500 BTC, making it the third-largest corporate holder globally. It would rank just behind Marathon Digital and Strategy (formerly MicroStrategy)....
Linea, a Layer-2 network built on Ethereum, has introduced a comprehensive roadmap to strengthen its integration with the Ethereum ecosystem, according to a July 29 statement shared with CryptoSlate.
At the heart of the plan is a new ETH-native staking system that enables bridged ETH to earn yield directly from Ethereum’s mainnet validators. This will be made possible through a native bridge,...
The Hong Kong Monetary Authority (HKMA) has invited stablecoin issuers to begin applying for licenses as the city’s stablecoin regulations are enacted in August.
In a statement released on July 29, the HKMA said interested firms can submit preliminary applications by Aug. 31.
This early stage is designed to help applicants understand regulatory expectations and receive feedback before formal...
Ethereum’s recent rally against Bitcoin appears to be gaining further strength, with derivatives data signaling a notable change in market sentiment.
On July 29, blockchain analytics firm Glassnode revealed that Ethereum’s share of open interest in the perpetual market has climbed to nearly 40%.
This marks the highest level recorded since April 2023. Historically, only a small fraction of trading...
Algeria has imposed a sweeping ban on all crypto activities, officially criminalizing the use, possession, trading, mining, and promotion of digital assets such as Bitcoin.
The measure, enacted through a legislative amendment passed on July 24 and reported by local outlet Fibladi on July 28, marks one of the harshest crypto crackdowns in Africa.
According to a Chainalysis report, Algeria ranked...
Sumit Gupta, CEO of Indian crypto exchange CoinDCX, has publicly denied reports suggesting the company is in acquisition talks with US-based crypto platform Coinbase.
The speculation emerged after a Livemint report claimed that negotiations were underway between the two crypto trading platforms.
However, Gupta quickly dismissed the claims in a July 29 post on X (formerly Twitter), saying:
“Ignore...
Stablecoin search interest reached an all-time high this month, days before the White House signed the GENIUS Act into law.
New Google Trends data shows that search activity for “stablecoins” peaked globally just as U.S. policymakers finalized a federal framework for payment stablecoins, the first of its kind in the country.
Interest in the term rose steadily in the weeks prior, coinciding with...
BitMine, the largest corporate holder of Ethereum (ETH), believes the asset’s fair value could be as high as $60,000, far above its current market price of around $3,800.
In a July 28 post on X, BitMine also noted that some long-term models place ETH’s potential value at more than $700,000.
[Editor’s Note: At $700,000, Ethereum’s market cap would be $84 trillion. By comparison, if Bitcoin reaches...