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DevvStream raised $300 million via senior secured convertible notes to purchase crypto and is looking to expand its line of credit.
The stash was purchased for around $23,000 in 2013; if the owner sells, they'll net a return of nearly 1,500x.
Bloomberg ETF Analyst Eric Balchunas also said that OG Bitcoiners may be creating some downward pressure on the cryptocurrency's price.
The Rialo network is designed to make developing blockchain applications as easy as building scalable web2 products.
The Bitcoin treasury company released Q2 earnings results on Thursday, showing record net income of $10 billion.
The short-term lender could buy as much as another $500 million worth of SUI tokens with the support of the Sui Foundation.
The analysts downplayed a Q2 drop in transaction revenue, highlighting a 44% jump in July activity as a more important driver.
However, crypto ETNs will not be covered by the Financial Services Compensation Scheme, and the retail ban on crypto derivatives remains.
Aggregated Solana CME futures trading volume came in at $8.1 billion in July, while open interest average for the month topped $400 million.
Crypto hiring stayed active in July, with 30 people changing roles across DeFi, stablecoins, infrastructure, and policy.