Phong Le, President and CEO of Strategy, the largest institutional investor in the cryptocurrency world, put an end to speculation that the company might be forced to sell Bitcoin. Le stated that the company holds 845,000 Bitcoins, representing approximately 4% of the total supply, and argued that claims of “forced sales” in the market do
Summary Standard Chartered analyst Geoffrey Kendrick says bitcoin has likely set its cycle low at about $59,000, marking the end of the latest crypto downturn. Kendrick argues that heavy selling of spot bitcoin ETFs, partly to free cash for SpaceX’s blockbuster IPO, is likely to ease now that the listing has begun. He says a
SharonAI Holdings shares rose as much as 10% in premarket trading after the company announced a six-year AI infrastructure compute collaboration agreement with NVIDIA, expanding its AI cloud and data center footprint in Australia. The agreement will add 72 megawatts of new data center capacity and support the deployment of NVIDIA’s DSX AI factory design,
Tokyo-listed Metaplanet plans to acquire Siiibo Securities, a regulated online securities platform focused on corporate bond issuance and investment, for ¥2.1 billion, or approximately $13 million, and then rename the business Metaplanet Securities, according to a Friday statement. The transaction is expected to close in August 2026 and forms part of the company’s Project NOVA
Geoff Kendrick, head of digital asset research at Standard Chartered, believes that following the recent sharp pullback in Bitcoin, the market may have largely passed its bottom. According to Kendrick’s assessment, Bitcoin’s decline to around $59,000 marks the weakest point in the cryptocurrency market in recent times. Recalling that the leading cryptocurrency has lost over
Summary SpaceX shares rose 20% in early trading on Friday. The stock is trading under the ticker SPCX and had priced its record-setting initial public offering at $135 a share, raising $75 billion and valuing the company at about $1.8 trillion. Bitcoin was roughly flat, while AI-related crypto stocks were in the green. SpaceX shares
Last month, the United States Commerce Department signed letters of intent to award just over $2 billion to nine quantum computing companies building the machines that break the cryptography defending Bitcoin and Ethereum, and the cryptography that the rest of the internet runs on. These are not simply research grants. They represent industrial policy for
Metaplanet announced on Friday that it has agreed to acquire Siiibo Securities in a 2.1 billion yen ($13.1 million) deal to form a securities arm. The Tokyo-listed Bitcoin ($BTC) treasury company said it entered into a share transfer agreement to acquire 100% of the Japanese securities company, a licensed financial instruments business operator. After closing,
A small Bitcoin website launched 16 years ago has returned to the spotlight after crypto accounts marked one of the earliest giveaways in the network’s history. The site, known as the Bitcoin faucet, gave free $BTC to users at a time when the asset had little market value and needed more people to test it.