Category: crypto

A new game called ‘100 Men vs Gorilla’ has been released, simulating a debate on whether 100 men could beat a gorilla. Players can challenge the gorilla on Steam or participate in degens vs whales on crypto exchanges. The game reflects the struggle of traders against whales in the crypto market.

Texas is moving forward with plans to establish a government-backed Bitcoin reserve after Senate Bill 21 passed in its second House reading with strong bipartisan support. The bill aims to create a Strategic Bitcoin Reserve, making Texas one of the few US states exploring direct exposure to Bitcoin at the government level. A recent amendment…

Xapo Bank offers a secure and regulated banking solution for Bitcoin holders, providing features such as daily interest, a metal debit card, and instant liquidity without selling Bitcoin. The bank charges a $1,000 annual fee, catering to high-net-worth individuals seeking to grow and protect their digital wealth.

Sovereign wealth funds and state institutions are increasingly investing in Bitcoin through MicroStrategy (MSTR) rather than spot BTC exchange-traded funds (ETFs). Regulatory filings show that MSTR holdings drove most of the sovereign Bitcoin accumulation in the past quarter. Nations like Norway, Switzerland, and South Korea are actively buying MSTR shares for Bitcoin exposure.

A report by River published on May 20 suggests that America’s efforts to become a global hub for Bitcoin and digital assets could lead to domestic economic growth. The US is in a unique position to benefit from Bitcoin’s institutionalization, with over 40% of American adults under 40 using or investing in Bitcoin. US firms…

Bitcoin has reached above the $107,000 threshold due to strong buying activity. Short-term holders are experiencing financial recovery, with increased profitability and capital inflows. Investors are securing gains as the market absorbs profit-taking without major disruptions. Glassnode reports improved investor conditions, indicating a healthy bull market phase.

Robinhood has proposed a federal framework to regulate tokenized real-world assets in the US, aiming to create a $30 trillion market. The proposal outlines a legal infrastructure to treat digital tokens as equivalent to traditional financial instruments. The initiative includes plans for a new platform called the Real World Asset Exchange.

Ethereum co-founder Jeffrey Wilcke transferred $262 million worth of ETH to a Kraken deposit address, nearly emptying his holdings. Subsequent withdrawals from the exchange suggest he divided his holdings. Despite this, Ethereum’s price remained stable. Previous large transfers by the Ethereum Foundation have sparked community scrutiny, with concerns about staking and protocol upgrades.

Binance has filed a motion to dismiss FTX’s $1.76 billion lawsuit, claiming lack of jurisdiction and unsupported allegations. Binance argued that the US court has no authority over the foreign entities named in the case, as none of the defendants resided in the US. Binance also refuted claims of contributing to FTX’s collapse and stated…

Strive Asset Management Firm partners with Castell Advisory Group to acquire distressed Bitcoin claims, including those from Mt. Gox. The firms aim to target claims with legal rulings awaiting distribution, allowing Strive to acquire Bitcoin below market value. The move supports Strive’s goal of outperforming top cryptocurrencies. Approval from shareholders is needed for the acquisition,…