Author: John Smith
Strive has purchased 759 Bitcoin for roughly $50 million, recording its largest weekly acquisition in months and surpassing Strategy’s latest BTC purchase. Summary Strive bought 759 BTC for roughly $50 million, increasing its holdings to 19,864 Bitcoin. The weekly purchase exceeded Strategy’s 520 BTC acquisition, a rare lead over the largest corporate holder. Backed by its SATA preferred stock program, Strive continues expanding its Bitcoin treasury toward a planned $4.2 billion deployment. According to a June 22 Form 8-K filed with the U.S. Securities and Exchange Commission, the Dallas-based Bitcoin treasury company acquired the coins between June 15 and June…
Bitmine has purchased another 52,203 ETH worth about $90 million, bringing its holdings to 4.7% of Ethereum’s total supply. Summary Bitmine purchased 52,203 ETH worth about $90 million, lifting its holdings to 4.7% of Ethereum’s supply. Tom Lee said the company remains close to its 5% ETH ownership target despite challenging market conditions. Staked ETH has increased projected annualized revenue to $223 million, with potential rewards reaching $268 million. According to a company update released on Monday, Bitmine’s latest purchase increases its exposure to Ethereum despite continued weakness in the broader crypto market and repeated rejections at key price levels…
Fomo has raised $75 million in a Series B funding round that values the crypto trading platform at $550 million after attracting more than 625,000 users and generating $4 billion in trading volume within its first year. Summary Fomo raised $75 million in a Series B round led by Index Ventures, reaching a $550 million valuation. The social trading platform has attracted 625,000 users, processed $4 billion in volume, and generated 110 million interactions. The funding comes amid continued venture activity, with major raises also announced by Digital Asset Holdings and Neura Robotics. According to a June 22 announcement by…
Bank of America has projected three Federal Reserve interest-rate hikes this year, adding to concerns that tighter monetary policy could create fresh pressure for Bitcoin and other risk assets. Summary Bank of America now expects three Fed rate hikes in September, October, and December, citing a more hawkish policy outlook. Deutsche Bank and BNP Paribas have also raised their rate forecasts, adding to expectations of tighter monetary policy. Traders are watching the upcoming PCE inflation report as Bitcoin holds near $64,000-$65,000 amid growing rate-hike concerns. According to a Reuters report, Bank of America Global Research now expects the Federal Reserve…
Bitcoin has reclaimed the $65,000 level after the U.S. Treasury temporarily authorized Iranian oil sales amid progress in talks with Tehran. Summary Bitcoin climbed above $65,000 after the U.S. Treasury temporarily authorized Iranian oil sales through August 2026. Falling oil prices and signs of progress in U.S.-Iran negotiations improved market sentiment and supported risk assets. Technical charts show Bitcoin attempting a breakout, with the $68,200-$68,500 zone emerging as the next major resistance area. According to data from crypto.news, Bitcoin (BTC) climbed more than 3.5% from an intraday low of $63,231 to a high of $65,468 on Monday, June 22, before…
Perpetual futures, or perps, are the most traded instrument in crypto. They let you bet on price with leverage and never expire, held in line with the spot market by a clever fee called the funding rate. They are powerful, they are dangerous, and in 2026 they are finally arriving onshore in the United States. Summary Perpetual futures let traders take leveraged long or short positions without an expiry date, using funding rates to keep prices aligned with the spot market. Funding payments flow between longs and shorts, while leverage and margin determine how quickly a position can be liquidated…
Every time you trade on-chain, an invisible competition decides the order of transactions in the next block, and whoever controls that order can extract value from yours. That is MEV. It funds a hidden industry, quietly taxes ordinary users, and shapes the design of every modern blockchain. Summary MEV lets block producers profit by controlling transaction order, creating opportunities such as arbitrage, liquidations, and sandwich attacks. Flashbots and MEV Boost transformed MEV into a structured marketplace, allowing validators to earn rewards without directly extracting value themselves. Private transaction routes and MEV aware trading platforms can help users reduce exposure to…
Peter Schiff has pushed back against Grant Cardone’s plan to combine real estate income with Bitcoin accumulation, arguing that the structure does not solve a real problem for property investors. Summary Peter Schiff said real estate does not need Bitcoin because rental income can cover costs. Grant Cardone uses multifamily rental income to buy Bitcoin inside dedicated investment vehicles for investors. Cardone Capital bought 282 BTC recently, adding to a broader real estate-backed treasury strategy plan. The gold advocate made the comments after Cardone promoted a fund model that pairs income-producing properties with BTC holdings. “Combining real estate with Bitcoin…
A new Ethereum research proposal would let validators redirect part of their staking rewards toward shared ecosystem funding. Summary Validators could redirect between 0% and 10% of staking rewards toward shared Ethereum ecosystem funding. The proposal estimates a 5% to 10% redirect could raise 50,000 to 70,000 ETH yearly. Critics worry staking operators, not ETH holders, may decide where redirected rewards are sent later. The mechanism, called validator redirected revenue, would allow a redirect rate from 0% to 10% of staking income. Validators would signal both the rate and the addresses they want to support. If 51% of validators back…
Taiko has urged users to withdraw funds from all bridges deployed on its network after confirming a compromise of its chain state verification mechanism. Summary Taiko urged users to withdraw bridge funds after confirming a chain verification mechanism compromise. Blockaid said flawed source-signal proof checks enabled unauthorized releases from Taiko’s ERC20 Vault on Ethereum. Taiko also stopped proposers from producing blocks and asked exchanges to suspend TAIKO deposits immediately. The Ethereum Layer 2 project said the security assumptions behind its bridge system could no longer be relied upon. The notice followed alerts from blockchain security firm Blockaid, which said its…