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A new proposal within the Polkadot ecosystem is pushing for the creation of a Strategic Bitcoin Reserve. According to the proposal, the plan involves converting 500,000 DOT, valued at around $2 million, into Threshold Bitcoin (tBTC), a wrapped version of Bitcoin secured through threshold cryptography, which ensures decentralization and non-custodial management. Polkadot’s Bitcoin proposal Before...
SharpLink Gaming has established a significant Ethereum reserve, acquiring more than 176,000 ETH at an average price of $2,626 per token, according to a statement released on June 13. The $463 million investment marks the company as the first Nasdaq-listed firm to implement an Ethereum-focused treasury strategy. In addition, the company is the largest public holder of ETH, behind only the...
Walmart and Amazon are preparing to launch their own stablecoins as the U.S. Senate advances landmark legislation that would establish a federal regulatory framework for privately issued digital dollars for the first time. The legislation, known as the GENIUS Act (S.394), has passed committee and cleared cloture, with a final Senate vote scheduled for June 17. Per Bloomberg and Wall Street...
The Israel-Iran conflict has triggered a wave of speculation across the crypto sector, with traders pouring millions into prediction markets. On Polymarket, a decentralized platform that allows users to wager on real-world outcomes, betting volume linked to the crisis has now exceeded $7 million across over 20 markets. Tensions escalated sharply on June 13 when Israel carried out a preemptive...
Bitcoin’s retracement from $109,000 over the past 24 hours capped off a volatile week defined by thin weekend liquidity and sharp reactions to geopolitical stress. In the early hours of Friday, June 13, the market saw the $1,490 CME gap closed, which formed between the Friday (June 6) close at $105,060 and the Sunday (June 8) open at $106,550. After slow gains for most of the week, BTC plunged...
A growing number of public companies are committing significant funds to XRP treasuries, with total commitments approaching the $1 billion milestone. The move signals rising institutional interest in integrating blockchain-based assets into corporate financial strategies. Momentum builds around corporate XRP reserves On June 12, Singapore-based Web3 firm Trident Digital revealed plans to raise up...
The Cardano ecosystem could soon undergo a strategic treasury shift to energize its DeFi and stablecoin sectors. On June 13, the network founder Charles Hoskinson suggested allocating around $100 million worth of ADA from the network’s treasury towards a mix of stablecoins and Bitcoin. According to him: “[W]e take about a hundred million worth of ADA in the treasury and convert it to a blend of a...
The US Securities and Exchange Commission (SEC) is rolling back 14 proposed rules, including key measures that once targeted the crypto industry. The decision, announced on June 12, illustrates the shift in regulatory priorities as the agency distances itself from the aggressive stance adopted during the previous administration. The withdrawn proposals were introduced between March 2022 and...
Introduction In an increasingly complex investment world, Nemo Money is breaking through the noise. As a next-generation investing app developed by Exinity, Nemo is designed for both new and experienced investors looking for smarter, more accessible ways to manage their money — without paying excessive fees. Built for Investors Who Want More With over 6,000 assets across stocks, ETFs, and crypto...
In the past 24 hours, over $1.14 billion in crypto market positions were liquidated, with long positions accounting for roughly 91 percent of the total, according to data from Coinglass. Crypto liquidations (Source: Coinglass) The sharp unwinding came as Bitcoin dropped more than 5 percent from a local high of $108,000 Thursday to as low as $103,000, following Israeli airstrikes across Iran. The...