Key takeaways: President Trump’s One Big Beautiful Bill could add over $2.4 trillion to the US debt, accelerating a looming debt crisis and spiking inflation. Inflation and dollar devaluation remain the path of least resistance in the US economy, eroding the real value of cash and bonds. Bitcoin can offer a hedge, but only if … Read more
DDC Enterprise Ltd. increased its bitcoin holdings by purchasing an additional 38 coins this week, the NYSE-listed Chinese company announced Thursday. DDC Enterprise: Bitcoin Holdings Reach 138 BTC After New Buy The acquisition raises DDC‘s total corporate bitcoin treasury to 138 BTC worth $14.85 million. The company stated the purchase was made at an “optimized … Read more
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During a press conference, US President Donald Trump revealed that Iran must negotiate tougher and added that he’d love to avoid a conflict with Tehran. He commented that an Israeli strike could happen, but added, “I don’t want to say Israeli strike is imminent.” Trump said that the US is pretty close to reaching an … Read more
Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe’s first Bitcoin Treasury Company, announced it has raised around €9.7 million through a mix of equity and convertible bond issuances. This move is part of their continued push to build out their Bitcoin Treasury Company strategy. The funding comes from multiple … Read more
The introduction of Binance in Syria comes with a complete access launch, permitting Syrians to trade around 300 tokens. The prominent leaders of Syria are targeting to make quick progress in improving public services. Binance will now offer Syrian nationals to trade in cryptocurrencies following the easing of the United States and European Union sanctions … Read more
Bitcoin and Ethereum slipped by 2% and 4%, respectively, as macroeconomic and geopolitical concerns weigh on investor sentiment. The cryptocurrency market recorded mild losses on Thursday following the release of the latest Producer Price Index (PPI) report, which signaled cooling wholesale inflation in the United States. Bitcoin (BTC) dipped 2.4% to $107,100, while Ethereum (ETH) … Read more
Another inflation indicator, the Producer Price Index (PPI) came in lower than expected for May, prompting a verbal assault on Jerome Powell by the president, as bitcoin shed roughly 1%. Trump Roasts Jerome Powell As Bitcoin Drops “We’re going to spend $600 billion a year because of one numbskull.” Those were the words of U.S. … Read more
Ant International aims to obtain stablecoin licenses in Singapore and Hong Kong. Jack Ma’s Ant Group is planning to expand its business operations with regulatory compliance. Ant International is actively seeking to get stablecoin issuer licenses in Singapore, Hong Kong, and Luxembourg. The news came to light after sources familiar with the matter revealed it … Read more
Nasdaq-listed tech firm Trident Digital Tech announced on June 12 its initiative to raise up to $500 million to create one of the world’s first large-scale corporate XRP treasuries. Trident to Collaborate with Infrastructure and Application Projects Trident Digital Tech Holdings Ltd (Nasdaq: TDTH), a Singapore-based leader in technology optimization and Web 3.0 activation, announced … Read more