Category: crypto

SharpLink Gaming plans to establish a $425 million Ethereum treasury with the guidance of Consensys CEO Joseph Lubin. The company will issue shares, with gross proceeds expected to be $425 million. They will convert the raise into ETH, with Lubin joining their board. The plan is seen as bullish for Ethereum’s acceptance on corporate balance…

Matthew Sigel, head of digital assets research at VanEck, urged US lawmakers to implement a royalty system on domestic Bitcoin mining to build a strategic reserve for the federal government. This would involve miners contributing a percentage of their block rewards to the Treasury, creating a tax-neutral way to fund a BTC reserve.

Cetus protocol announced on May 27 that it plans to reimburse all users affected by a recent exploit, pending approval from Sui token holders in an upcoming vote. The protocol has secured a loan from the Sui Foundation to cover the $61 million in assets stolen. A community vote will decide on unlocking frozen tokens.

Circle, the USDC stablecoin issuer, has filed for an IPO on the NYSE under the ticker “CRCL.” They plan to offer 24 million shares, with an expected price range of $24 to $26 per share, potentially raising $624 million. Major financial institutions are backing the IPO, signaling Circle’s growing ambitions in traditional finance.

Three years ago, GPT-3 incorrectly stated that the all-time high of Bitcoin was around $20,000. In 2025, GPT-4o corrected this misinformation, acknowledging that Bitcoin peaked at $68,990 in November 2021. The evolution of AI models has led to improvements in fact-checking, knowledge retention, and real-time data analysis in the blockchain and AI sectors. The shift…

Google researcher Craig Gidney has suggested that quantum computers may be able to break Bitcoin’s encryption sooner than expected, with hardware requirements dropping significantly. Major financial institutions are updating disclosures to address the potential threat of quantum computing to Bitcoin’s cryptographic algorithms. Experts believe the crypto sector has time to adapt to the risks.

BitGo has started the second phase of FTX’s repayment process, with funds being credited to user accounts but remaining locked until May 30. The repayment plan involves disbursement of over $5 billion to approved creditors, facilitated by BitGo and Kraken. However, some creditors are unhappy with the process due to pegged repayment amounts and phishing…

Strategy, formerly known as MicroStrategy, is unlikely to disclose its substantial Bitcoin holdings through on-chain proof-of-reserves (PoR) due to security concerns. Company chairman Michael Saylor believes sharing wallet data creates risks for hackers and malicious actors. The crypto community criticizes this stance, arguing that PoR does not compromise asset security. Other companies, like Binance and…

Rumble (NASDAQ:RUM) announced a collaboration with TRON DAO to promote decentralization of the internet through blockchain technology and dApps. Rumble Cloud offers essential cloud services to empower organizations to become independent from traditional cloud providers. TRON is the leading network for Tether (USDT) and the collaboration aims to maintain decentralization.

Tether, issuer of the largest stablecoin USDT, has reinvested $5 billion of its profits into US companies and infrastructure over the past two years. The investments include decentralized media, neuroscience, and Bitcoin mining. Tether also holds over $120 billion in US Treasuries to maintain USDT’s dollar peg.