Category: crypto

ETHZilla sold $40 million in ETH for share buybacks, repurchasing 600,000 shares for $12 million. The company aims to narrow the gap between its stock price and net asset value. Major shareholder Dimitri Semenikhin has been advocating for aggressive buybacks. Shares rallied 14% after the announcement. ETHZilla holds $400 million in ETH.

Kalshi has filed a lawsuit against New York regulators who issued a cease-and-desist order against its sports event contracts, claiming they are unlicensed gambling. The company argues that its markets fall under federal CFTC oversight, not state law. Despite legal pressure, Kalshi has attracted new investor interest at valuations of up to $12 billion.

IBM has launched IBM Digital Asset Haven to support banks and governments in managing digital assets with compliance. The platform offers custody, governance controls, and automation for over 40 blockchains. It focuses on security, policy enforcement, and regulated deployments, catering to institutions entering the digital asset space.

Pi Network price is facing selling pressure after being rejected at $0.29, showing signs of weakness that could lead to a drop to $0.19 support. The inability to break above $0.29 confirms bearish control, with potential for further downside. A bounce from $0.19 could result in a move back towards $0.29.

MegaETH’s MEGA token auction has received nearly $300 million in bids against a $50 million cap, indicating a valuation close to $6 billion. The sale is oversubscribed 6x by accredited investors bidding in USDT on Ethereum. Final allocations will be based on lockups, social, and onchain criteria, with settlements and refunds in November.

Reliance Global Group has added Solana to its digital asset portfolio, bringing the total number of cryptocurrencies in their treasury holdings to five out of the top ten. This move reflects the company’s strategy to diversify across leading blockchain ecosystems and tap into blockchain innovation and market opportunities. Solana’s growth as a key blockchain ecosystem…

Polkadot’s DOT token has been integrated into Unity Nodes, a decentralized telecom verification network. This allows smartphones to act as verification units, replacing traditional auditing processes. The integration of DOT provides real-world utility and rewards for operators within the $2 trillion global telecom industry, advancing decentralization efforts.

The Federal Open Market Committee is meeting on October 28-29 to decide on interest rates, expected to be cut by 25 basis points. This decision will have significant impacts on the economy and could boost Bitcoin prices. Lower interest rates encourage investors to take risks, benefiting high-risk assets like cryptocurrencies.

Michael Saylor’s company Strategy continues to buy Bitcoin, purchasing 390 Bitcoins for $43 million despite the asset trading near historic highs. This was their third purchase in October, bringing their total Bitcoin holding to 640,808 BTC. Saylor’s confidence in Bitcoin’s long-term trajectory is shown through these continued purchases.

Yellow Network, backed by Ripple co-founder Chris Larsen, has integrated with XRPL EVM Sidechain to enhance its real-world assets trading system. The integration will leverage the sidechain’s Ethereum compatibility to improve liquidity and traceability for Yellow Network’s Clearnet platform. This collaboration aims to make real-world assets more liquid and tradable in the blockchain ecosystem.