Category: crypto

KindlyMD plans to raise $5 billion in equity to expand its Bitcoin reserves after merging with Nakamoto. The company recently purchased 5,744 bitcoins valued at $635 million. This move is part of a larger trend of publicly traded firms investing in Bitcoin as a balance-sheet asset. Critics warn of the risks of Bitcoin’s volatility.

Kanye West’s YZY token launch resulted in $26 million in combined losses for 105 traders, with an average loss of $250,000 per wallet. Only 1% of wallets earned substantial profits, with 88 traders earning between $100,000 and $1 million each. The token’s market capitalization reached $3 billion before collapsing by over 90%.

Google Cloud has launched the Google Cloud Universal Ledger (GCUL), a Layer 1 network for faster payments and settlements across borders. It is designed to be a neutral infrastructure layer for financial institutions to build on, offering low-cost, near-instant transactions and compliance with know-your-customer requirements. Python-based smart contracts are supported.

BTCC, the world’s longest-running cryptocurrency exchange, has launched a trading competition with NBA All-Star Jaren Jackson Jr. Participants can win up to $500,000 USDT and exclusive signed jerseys by trading futures. The competition runs until September 21, 2025, offering prizes for both trading volume and profit rate leaderboards. Register now for a chance to win.

Decentralized exchange Hyperliquid faced scrutiny after a sharp rise in its HYPE token was linked to whale-driven manipulation. Large wallets pushed the price up by 200%, transferring millions between traders. Despite controversy, the token reached a record high of $51.05. Hyperliquid surpassed Robinhood in trading volume, generating significant revenue and potentially taking market share from…

Lido has launched Identified Community Staker applications on the Ethereum mainnet, allowing individuals to gain priority terms in the Community Staking Module. Applicants must meet minimum thresholds in experience, engagement, and humanity, with the program aiming to give independent operators early access to the protocol. Applications are open now, with the first review round closing…

Japanese Bitcoin treasury company Metaplanet plans to raise over $880 million through an international share sale, with most of the funds allocated for new Bitcoin purchases. The company aims to expand its Bitcoin holdings and increase its overall yield, as well as attract long-term institutional investors and improve liquidity in global markets.

Donald Trump Jr. has joined Polymarket’s advisory board as his firm, 1789 Capital, made a strategic investment in the prediction market platform. The undisclosed investment aims to strengthen Polymarket’s leadership in the US market, with the company recently acquiring QCEX and partnering with X. Trump Jr. praised Polymarket’s ability to provide accurate market information.

Canary Capital filed an S-1 registration statement for a TRUMP memecoin ETF with the SEC, marking a departure from mutual fund approaches. The filing distinguishes the product as a traditional ETF structure, enabling compliance with securities laws. The firm also plans to launch an American-Made Crypto ETF focusing on US-origin crypto assets.

XRP futures at CME Group reached $1 billion in open interest in just over three months, making it the fastest contract to do so. The overall crypto futures suite surpassed $30 billion in open interest, with Ethereum also reaching a record. This milestone indicates growing demand for regulated cryptocurrency exposure.