DeFi Development Corp Extends Rally After $2.7M Solana Purchase, Stock Soars 2,733% YTD
Solana Investment Sparks New Gains DeFi Development Corp. extended its remarkable stock rally on Thursday following the announcement of a $2.7 million Solana (SOL) purchase, further cementing its aggressive digital asset treasury strategy. The firm’s stock surged 17% during the day, closing at $23.80, and climbed another 0.8% in after-hours
Bitcoin on the Brink of Breakout as Funding Rates Flip and Short Squeeze Looms
Funding Rate Turns Negative, Sparking Bullish Expectations Bitcoin has once again captured market attention after its perpetual futures funding rate briefly dipped into negative territory in late June. This event, often seen as a precursor to major price rallies, aligns with a historical pattern where similar occurrences preceded significant price
IMF Blocks Pakistan’s Bitcoin Mining Plan Over Power Subsidy Concerns
Pakistan’s ambitious plan to utilise its surplus electricity for Bitcoin mining has stalled after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidised power to energy-intensive sectors, including cryptocurrency operations. The move has raised concerns about potential market distortions and the country’s fragile energy infrastructure. Subsidised Power
Crypto Enthusiasts Eye Top Airdrops in Early July: Zama, MEXC, and Sahara AI Lead the Way
The crypto ecosystem is buzzing with excitement this week as three major projects, Zama, MEXC, and Sahara AI, roll out lucrative airdrop campaigns. These initiatives not only offer free tokens to early users but also showcase groundbreaking technologies ranging from encryption innovations to decentralised AI networks. With significant funding from
Coinbase Acquires Liquifi to Simplify Token Launches for Builders
Coinbase has announced the acquisition of Liquifi, a token management platform, in a strategic move aimed at streamlining and supporting the lifecycle of token launches for onchain developers. The deal marks Coinbase’s fourth acquisition this year, reinforcing its ambition to become a one-stop solution for early-stage token projects. Supporting Early-Stage
Malaysia Considers Loosening Rules for Crypto Asset Listings on Exchanges
Regulator seeks public input on new framework aiming for speed, accountability, and innovation Malaysia’s Securities Commission (SC) is proposing a major shift in how digital assets are listed on cryptocurrency exchanges, aiming to streamline the process and promote greater accountability among operators. The new framework, currently open to public consultation,
Elon Musk’s xAI Raises $10 Billion Amid Renewed Feud with Trump
Elon Musk’s artificial intelligence venture, xAI, has raised $10 billion in fresh capital to fuel its expansion, even as tensions between the billionaire and former US President Donald Trump escalate once again. The funding round places xAI in stronger competition with major players like OpenAI and Anthropic, and comes amid
Chainlink Launches New Compliance Framework to Unlock $100 Trillion in Institutional Crypto Investment
Chainlink, the decentralized blockchain oracle network, has launched a new compliance solution designed to enable the flow of institutional capital into the crypto space, potentially unlocking over $100 trillion in investments. The company unveiled its Automated Compliance Engine (ACE) on Monday, positioning it as a modular and standardised compliance framework
Michael Saylor’s Strategy Acquires $531M in Bitcoin as Holdings Near 600K BTC
MicroStrategy Adds 4,980 BTC Amid Rising Prices Michael Saylor’s firm, Strategy (commonly known as MicroStrategy), has further expanded its position as the largest public holder of Bitcoin, acquiring 4,980 BTC worth approximately $531.1 million. The announcement, made via a US SEC filing on Monday, comes during a period of renewed
Across Protocol Founders Accused of Misusing $23M in DAO Funds
Controversy erupts over alleged governance manipulation and questionable nonprofit claims The founders of Across Protocol, a cross-chain bridge project, are facing serious allegations of misusing $23 million in tokens intended for their decentralised autonomous organisation (DAO). The funds were allegedly funnelled into a for-profit firm affiliated with the founders, sparking
