Tron has announced plans to go public in the U.S through a reverse merger with Nasdaq-listed SRM Entertainment. The announcement came after the SEC paused investigations into Justin Sun, who was accused of selling unregistered securities and market manipulation. The company revealed that it will employ Michael Saylor’s MicroStrategy strategy, holding and using Tron tokens … Read more
HYPE, the native token of the decentralized exchange Hyperliquid, has reached a significant milestone in the cryptocurrency world, becoming the fifth largest digital asset by open interest in futures. According to the data provided by Coinglass, the total value of open positions in HYPE futures – both perpetual and standard – has reached 2.06 billion … Read more
At 8:30am this morning, SRM Entertainment disclosed that Justin Sun would be reverse merging his Tron group into its NASDAQ listing. Within one minute of the pre-market announcement, SRM rallied from $1.70 to $2.25 per share. Just an hour later, shares hit $6.70. The 290% rally was understandable. After all, Sun is a celebrity in … Read more
Digital assets manager 21Shares has announced the cross-listing of five crypto exchange-traded products (ETPs) on the Nasdaq Stockholm exchange. With the move, the issuer has ten products listed on the Swedish exchange. According to its official announcement, the newly listed ETPs are Uniswap (AUNI), Avalanche (AVAX), Bitcoin Gold (BOLD), Solana Core Staking (CSOL), and Ethereum … Read more
Key points: Bitcoin made a decisive break above $106,000, setting the stage for a possible retest of the all-time high at $111,980. Most major altcoins remain in a range, but HYPE has resumed its uptrend. Bitcoin (BTC) started the week on a bullish note, rising above $107,500. Although the price is trading just below the … Read more
The Federal Open Market Committee (FOMC) is set to gather this Wednesday, and all signs point to the benchmark interest rate staying right where it is. But looking ahead to the coming months—starting in July—the odds of a rate cut are stacking up. Prediction Markets Hint at Powell Holding—For Now Global markets will be tuned … Read more
Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE), on-chain analyst ZachXBT reported in a June 16 post on X. WhiteRock surfaced in December 2024 with an anonymous team, overstated user counts, and unverifiable claims about a USDX reserve, researchers at Blokiments wrote in … Read more
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Trump Media & Technology Group has filed a registration statement with the U.S. Securities and Exchange Commission to launch the Truth Social Bitcoin and Ethereum ETF, B.T. The ETF will directly hold Bitcoin and Ether, with an initial allocation of 75% Bitcoin and 25% Ether. Shares of the fund will be offered to investors to … Read more
Ether has significantly underperformed Bitcoin and other digital assets this market cycle, but growing institutional interest in Ethereum staking is driving demand for custody solutions to support a wider range of investors, according to Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation. On May 27, Komainu, a regulated digital asset custody provider, … Read more