Cryptocurrency exchange Kraken has moved its global headquarters to Cheyenne, Wyoming, more than three years after shuttering operations in San Francisco. In a Friday blog post, Kraken said it was “recognition of the pro-crypto policymakers and constructive regulations” that contributed to its move to Wyoming. The company cited Wyoming Senator Cynthia Lummis’ crypto advocacy in … Read more
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