Stripe is making a bold move into the blockchain space with its planned network, Tempo, and has tapped one of crypto’s most prominent venture capitalists to lead it. Key Takeaways: Stripe has appointed Paradigm cofounder Matt Huang as CEO of its planned payments-focused blockchain, Tempo. Tempo will be a high-performance layer-1 designed to power Stripe’s…
Bullish has priced its initial public offering (IPO) at $37 per share, topping earlier expectations of $32 to $33, giving the cryptocurrency exchange a market capitalization of $5.4 billion. Key Takeaways: Bullish priced its IPO at $37 per share, valuing the exchange at $5.4 billion and raising $1.1 billion. Trading will start on the NYSE…
The crypto market is up today, with more than 90 of the top 100 coins in green over the past 24 hours. In this time, the cryptocurrency market capitalization has increased by 2.3% to $4.12 trillion. At the same time, the total crypto trading volume is at $201 billion, the highest it’s been in days….
OKB, a global utility token issued by the OKX, surged nearly 170% within an hour on Wednesday after the platform revealed a sweeping tokenomics overhaul, including a one-time burn of more than 65 million tokens. Key Takeaways: OKB surged nearly 170% in an hour after OKX announced a 65M token burn. The “PP upgrade” to…
Google search activity for “altcoin” has reached its highest level in five years, matching interest levels last seen during Ethereum’s foundation. The surge coincides with a shift in market structure as Bitcoin’s share of the total crypto market has slipped toward 60% after peaking mid-summer, a pattern that has often preceded periods of stronger performance…
Coinbase launched a second Stablecoin Bootstrap Fund to provide additional liquidity for the DeFi ecosystem via USDC. According to an Aug. 12 announcement, the initiative will target protocols across multiple blockchains, starting with Aave, Morpho, Kamino, and Jupiter. Coinbase also invited protocols seeking liquidity to reach out to the exchange. The fund represents Coinbase’s renewed commitment…
BitMine, the largest corporate holder of Ethereum, filed an Aug. 12 filing with the US Securities and Exchange Commission (SEC) to expand its stock offering by $20 billion. The filing supplements the company’s earlier at-the-market (ATM) equity program worth $4.5 billion. BitMine’s equity offerings now stand at roughly $24.5 billion, almost 5x its previous total…
Ethereum’s latest rally to the $4,300 range has prompted a fresh wave of profit-taking, led largely by short-term holders. Key Takeaways: Short-term ETH holders are driving most profit-taking, realizing about $553M in gains daily. Overall profit-taking is still 39% below last month’s peak despite the recent rally. ETH trades near $4,283, with $2.23B in positions…
VivoPower International PLC has outlined a strategy to acquire $100 million Ripple shares as part of a broader initiative to integrate XRP into its corporate treasury, according to an Aug. 11 statement. According to the statement, the $100 million investment will expose VivoPower to 211 million XRP tokens, currently valued at around $696 million. VivoPower…
Safety Shot announced on August 11 the creation of a corporate BONK treasury, receiving $25 million in tokens through a strategic alliance with BONK founding contributors. The Nasdaq-listed company issued $35 million in convertible preferred shares as consideration for the allocation. The arrangement positions Safety Shot among a growing cohort of public companies adopting altcoin…