GameStop Corp (GME) shares dropped after-hours on Tuesday as the video game retailer reported mixed results for its first quarter, showing significant operational improvements amid a decline in revenue. The new Bitcoin (BTC) buying firm’s earnings for its Q1 ending May 3 reported revenues of $732.4 million, lower than analyst estimates of $754.2 million and … Read more
Bitcoin Core’s upcoming update will significantly raise the OP_RETURN data limit, igniting fierce debate within the Bitcoin community over blockchain usage and network priorities. The change, set for October 30, removes the 80-byte cap, allowing up to 4 megabytes per output, which could transform how data like images and documents are stored on the Bitcoin … Read more
Noah, a fintech startup specializing in stablecoin infrastructure, has successfully raised $22 million in seed funding led by LocalGlobe, signaling strong investor confidence in its global expansion plans. The funding round attracted participation from prominent venture capital firms such as Felix Capital and FJ Labs, alongside influential angel investors including Palantir co-founder Joe Lonsdale, underscoring … Read more
Shiba Inu could chalk off one zero and mark a strong price rally to unprecedented prices if its market cap reaches $150 billion. Shiba Inu joined a broader market bullish trend yesterday, continuing its recovery phase. Notably, the second-largest meme coin by market capitalization is up 3% since the start of the week and is … Read more
Strategy’s Michael Saylor has rebuffed fears that a crypto market winter will return, suggesting Bitcoin’s increased adoption and constrained daily supply will see it rally to $1 million. “Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.” Billion-dollar asset … Read more
Ripple has committed over $5 million to expand blockchain research in APAC, advancing innovation, education, and talent across the region. Ripple Commits Over $5M to Advance Blockchain Research in APAC Ripple is expanding its commitment to blockchain development in the Asia-Pacific (APAC) region, as highlighted in a Ripple Insights article published on June 10. APAC … Read more
Bitcoin is trading near two-week highs around $110,000 as investors closely monitor upcoming U.S. inflation data that could influence Federal Reserve interest rate decisions. Institutional buying and strategic positioning have supported Bitcoin’s price, with key market players like Strategy and Japan’s Metaplanet increasing their Bitcoin reserves amid broader macroeconomic developments. According to crypto analyst Rachael … Read more
OPEC Secretary General Haitham Al Ghais said on Tuesday that oil demand growth will remain robust over the next two and a half decades as the world population grows, per Reuters. OPEC estimates a 24% growth in global energy consumption between now and 2050, with oil demand exceeding 120 million barrels per day over that … Read more
Bitcoin’s rise to new all-time highs is happening on a backdrop of deep economic strain, according to a new report from Cathie Wood-led ARK Invest. Bitcoin’s 11.1% climb in May, outpaced gold and broke through key resistance levels, said ARK. Gains also coincided with clear signs of stress in the housing and auto sectors, traditionally … Read more
The Financial Services Commission of South Korea has proposed a new law to license stablecoin issuers and broad crypto oversight. Digital Asset Basic Act requires local stablecoin issuers to own at least ₩500 million and obtain regulatory permission. The new committee and industry body will coordinate the policy and monitoring of tokens. The Democratic Party … Read more