Category: crypto
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Justin Sun’s blocked holdings spark WLFI token revival
World Liberty Financial’s native token saw a 4% increase in value after blacklisting Tron founder Justin Sun’s token holdings. Sun defended his transactions, criticizing the project’s decision to freeze his tokens. Despite losing $17 million in speculation, WLFI’s market capitalization increased by $500 million. Sun accused the project of violating investors’ rights.
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Tether considers deepening gold investments amid its price surge
Tether, the issuer of stablecoin USDT, is considering investing in gold mining companies as part of its expansion strategy. This move would allow Tether to participate in all stages of the gold supply chain. Tether has already invested in a Canadian royalty firm and issues a gold-backed digital token.
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Sora unveils $1 billion Bitcoin fund with $200 million already committed
Sora Ventures launched a Bitcoin treasury fund aiming for $1 billion in purchases within six months, with $200 million already committed. The fund is designed to support corporate treasuries in Asia, following a MicroStrategy-style approach. The firm is expanding its network and seeking to attract more institutions to the fund.
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China-based Bitcoin miner Cango expands to US amid rising output
Chinese Bitcoin miner Cango reported a significant increase in production in Q2 2025, mining 1,404.4 BTC. Despite high expenses, the company incurred a net loss. Quarterly revenue was RMB 1 billion, with Bitcoin mining contributing RMB 989.4 million. Cango increased mining capacity to 50 EH/s and acquired a 50MW facility in the US for long-term…
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Nasdaq puts $132 billion crypto treasury rush on hold with surprise vote rule
Nasdaq will now require shareholder votes before public companies can use stock issuances to buy crypto assets. This added checkpoint aims to regulate the growing trend of companies selling equity to purchase tokens for their balance sheets. The policy shift caused some market fluctuations, but interest in crypto-treasury investments remains strong.
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Rex Shares readies fast-track DOGE ETF debut
Rex Shares is planning to introduce a new series of unconventional exchange-traded funds (ETFs) in the US market, starting with the REX-Osprey Dogecoin ETF. The company’s unique regulatory approach allows for faster product launches, despite potential tax implications for investors. Other ETFs linked to XRP, Solana, Ethereum, Bitcoin, BONK, and TRUMP tokens may follow.
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Crypto leaders challenge SEC over Gensler’s erased messages
Prominent figures in the crypto industry are questioning the US SEC after it was revealed that text messages from former Chair Gary Gensler were permanently deleted. The missing messages cover a critical period in market history, leading to concerns about transparency and potential impact on ongoing litigation. Suggestions have been made for better monitoring and…
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Bloomberg analyst says altcoin ETF approvals unlikely to trigger a traditional alt season
Bloomberg ETF analyst James Seyffart believes the current market is experiencing an altcoin season driven by digital asset treasury companies, rather than traditional token price rallies. He expects upcoming ETF approvals to focus on assets like Dogecoin and Chainlink, with institutional preference for diversified basket products over individual altcoins. Institutional money is shifting the cryptocurrency…
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European Central Bank touts digital euro as key to payment security and inclusivity
The European Central Bank stated that its proposed digital euro would enhance Europe’s cybersecurity and infrastructure resilience while ensuring widespread access to digital payments. The ECB emphasized the importance of including all citizens, including those with disabilities or limited digital literacy, in the transition to a digital economy.
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Are banks ready for XRP? SWIFT exec voices apprehensions
SWIFT’s Chief Innovation Officer, Tom Zschach, raised doubts about Ripple’s technology and XRP token meeting global bank standards for cross-border settlement. He questioned whether banks would trust settlement finality to an external token like XRP. Zschach emphasized the importance of legal frameworks, privacy safeguards, and regulatory oversight in blockchain technology for institutional use.