A new entrant in the treasury race has emerged, closely tied to the crypto-friendly family of the US President. Already deeply entrenched via multiple entities and corporations, this latest endeavour is in its early stages. Dual Approach The publicly traded Thumzup Media Corporation, an advertising and social media company listed on the NASDAQ (TZUP), which recently…
Arbitrum’s decentralized finance (DeFi) total value locked (TVL) has reached a year-to-date high of $3.39 billion. The growth comes as increased activity on the Ethereum network—fueled by rising trading activity—spills over to Layer-2 solutions (L2s) like Arbitrum. Arbitrum Sees Record Liquidity Amid Ethereum Network Uptick According to DeFiLlama, Arbitrum’s TVL has reached a year-to-date high…
In a recent interview, Treasury Secretary Scott Bessent claimed that the US won’t buy any Bitcoin for its Strategic Reserve. Instead, the federal government plans to fill it solely using assets from legal seizures. Bessent suggested that this reserve could contain between $15 and $20 billion, but that’s an oversimplification. Bitfinex repayments alone would reduce…
Turkish crypto exchange BtcTurk is facing allegations of a $48 million security breach in a coordinated multi-chain attack targeting its hot wallets. The exploit, first detected by blockchain security firm Cyvers, involved suspicious transfers across Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon networks, with most funds consolidating into just two recipient addresses. Following the…
The crypto market’s euphoric bull run has been brutally shattered as over $1.05 billion in liquidations swept through digital assets following unexpectedly high U.S. inflation data. On August 14, the U.S. Bureau of Labor Statistics (BLS) released July Producer Price Index (PPI) data showing an annual rate of 3.3%, with the previous month’s figure revised…
Dogecoin’s bullish momentum is putting short positions under pressure as the price eyes a crucial $0.27 retest. A successful breakout above this level could spark a powerful multi-stage rally, opening the door to higher targets and renewed market excitement. DOGE/USDT Clears $0.2533 Resistance With Conviction GemXBT, in a recent update on X, highlighted that DOGE/USDT…
TeraWulf, a prominent Bitcoin miner, has secured a strategic partnership with Google as part of its high-performance computing (HPC) co-location agreements with Fluidstack. According to an Aug. 14 statement, the search engine giant will backstop $1.8 billion of Fluidstack’s lease obligations, providing critical support for project-related debt financing. The arrangement grants Google a warrant to…
Ripple’s top engineer says more payments firms and stablecoin players are now building their own chains, and he thinks that matters for finance. According to Ripple CTO David Schwartz, the move shows that many in the market now view blockchain as part of basic financial plumbing. He wrote about this in a long post on…
Why fix what isn’t broken? With Bitcoin gaining strength at $121.5K and money continuing to pour into Bitcoin ETFs and Bitcoin treasuries, why has a new crypto presale built on Bitcoin raised over $9.5M so far? The success of Bitcoin Hyper ($HYPER) highlights some of the ongoing challenges with Bitcoin scaling – and how Hyper’s…
TL;DR ETF filing backed by CBOE and SEC review brings fresh eyes to the PENGU market setup. Analysts spot triangle breakout pattern; key resistance at $0.038 could lead to $0.075. Robinhood Advanced listing and Solana-Ethereum bridge strengthen PENGU’s retail and cross-chain appeal. ETF Filing Draws Attention Pudgy Penguins (PENGU) is drawing new attention after renewed…