Category: crypto

Evernorth Holdings Inc., a Ripple-backed venture firm, is set to debut on Nasdaq with a $1 billion raise for institutional XRP adoption. The company plans to create the largest XRP treasury company, offering investors exposure to XRP through a liquid and transparent avenue. Ripple’s CEO expressed support for the venture.

BitMine’s stock surged over 8% after disclosing its massive holding of 3.24 million Ethereum tokens and a strategy to acquire more during market downturns. This made BitMine the world’s largest Ethereum treasury and second-largest overall. The company also added 203,800 ETH during a recent market event, valued at $800 million, aiming to achieve its “Alchemy…

Solana’s decentralized exchange aggregator Jupiter has launched a new trading engine called Ultra V3, offering faster, cheaper, and more secure transactions. The upgrade includes technologies like Iris Router, ShadowLane, and Predictive Execution to reduce fees and eliminate slippage surpluses. It also provides better protection against sandwich attacks and lower execution fees for traders on the…

VanEck has filed with the SEC to launch the first U.S. ETF tied to Lido’s staked Ether, following recent SEC guidance on staking activities. The proposed ETF aims to bridge decentralized staking with traditional finance, offering institutional investors compliant access to Ethereum yield. The move tests the SEC’s new regulatory clarity.

House of Doge has acquired a majority stake in the Italian football club U.S. Triestina 1918, making it the first cryptocurrency company to buy a professional European football club. The move aims to advance the utility of Dogecoin and bring digital assets into the world of traditional sports, benefiting both the club and the cryptocurrency.

Floki crypto, a meme coin inspired by Elon Musk’s dog, saw a 25% increase in value after Musk posted a video featuring his dog. This surge was fueled by social media hype but it remains uncertain if the rally will last due to the coin’s reliance on hype rather than fundamentals.

Jiuzi Holdings partners with BitFi to access $2.75 billion in Bitcoin assets, shifting from passive to active crypto management. They plan to inject capital into staking and arbitrage strategies, develop yield products, and explore tokenization of real-world assets. Both companies prioritize regulatory compliance and Nasdaq listing standards.

U.S. stocks rose on Monday with the Dow Jones Industrial Average increasing by over 500 points, driven by Apple’s surge to a new all-time high. The S&P 500 and Nasdaq Composite also saw gains. Investor optimism was boosted by positive news on U.S.-China trade tensions and strong earnings reports.

The UK’s approval of Bitcoin ETPs for retail users is seen as the first step in institutional adoption by Sygnum Bank CIO. The move aligns the UK with the US and Europe in crypto regulation. Traditional finance and crypto firms are converging on Bitcoin, with signs of progress on ETPs in the US.

Gemini launched a Solana credit card that automatically stakes SOL rewards, allowing users to earn up to 4% back on certain purchases. This move aims to integrate blockchain participation into everyday spending, with the exchange highlighting Solana’s strong ecosystem and performance data to justify their choice.