Parataxis Holdings LLC has entered into a definitive agreement to acquire a controlling interest in South Korean biotech company Bridge Biotherapeutics, Inc. (KOSDAQ: 288330) for KRW 25 billion ($18.3 million), marking the creation of South Korea’s first institutionally backed Bitcoin treasury company. 🇺🇸 Parataxis Holdings is acquiring controlling stake in 🇰🇷 Bridge Biotherapeutics for KRW … Read more
Musk’s PEPE tweet excites community, but here’s catch Musk’s gloomy AI prediction Controversial tech mogul Elon Musk published a tweet that reestablished his rapport with the meme coin community, reminding them of the old days when he did not own Twitter and actively posted about DOGE. He also shared a major AI prediction, showing both … Read more
Although inflows into spot bitcoin exchange-traded funds (ETFs) have tapered off, Blackrock’s Ishares Bitcoin Trust ETF has nonetheless drawn more than 20,000 BTC—valued north of $2 billion at current exchange rates—in just the past two weeks. From $23 to $59 per Share: IBIT’s 151% Leap Mirrors Bitcoin’s Relentless Climb Two weeks ago, Bitcoin.com News reported … Read more
Crypto News With Ethereum nearing the $3,000 mark, market participants are still quickly rotating into up-trending altcoins like Uniswap, Pepe, and even new payment-focused tokens like Remittix. The action could be a sign of building optimism in the market prior to what could be the next big run-up. Meme Season Reloaded as Pepe Pioneers the … Read more
Key takeaways: Bitcoin price trades 6% below all-time highs, but several market signals suggest more upside ahead. Bitcoin is poised for a breakout to all-time highs if a key resistance level at $108,000 is broken. Bitcoin (BTC) price has rebounded 10% since June 5, reaching near-all-time highs at $110,800 on June 9. Meanwhile, analysts say … Read more
Kindly MD, Inc. (NASDAQ: NAKA) has announced it has secured an additional $51.5 million in private placement financing to its Bitcoin treasury strategy, as it prepares to merge with Bitcoin-native holding company Nakamoto Holdings Inc. Nakamoto has raised an additional $51.5M in PIPE investment this morning. This brings our treasury to $763M in escrow, pending … Read more
Bank of Korea governor supports won-pegged stablecoin but warns of forex management challenges South Korea’s foreign exchange reserves dropped $11 billion to $404.6 billion in six months The governor of the South Korean central bank has voiced his cautious optimism regarding the issuance of a won-pegged stablecoin but has noted possible foreign exchange management issues. … Read more
TLDR: Fed Gorvernor Waller says July rate cut could prevent further labor market deterioration. Crypto markets reacted positively to Waller’s dovish policy shift. Rate cuts may drive risk-on appetite and boost digital asset prices. Fed divisions remain, but market eyes July for potential policy move. Federal Reserve Governor Christopher Waller hinted at a possible interest … Read more
The United States has racked up more than $37 trillion in national debt, a colossal tab that casts a long shadow over the country’s financial future and economic footing. For years, America has been drifting deeper into a whirlpool of unchecked spending and mounting liabilities. Buried in IOUs: U.S. Debt Hits $37 Trillion With No … Read more
Pound Sterling (GBP) is up a modest 0.2% vs. the US Dollar (USD) and outperforming nearly all of the G10 currencies in an environment of mild USD weakness, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Trend for GBP/USD remains bullish “Weaker domestic retail sales data have dampened some of the pound’s early … Read more