In the unpredictable world of cryptocurrency, fortunes can be made and lost in the blink of an eye. For seasoned Hyperliquid trader James Wynn, the recent market movements have led to another significant blow, specifically concerning his PEPE trading losses. This latest setback adds a staggering $1 million to his already substantial record of losses,
Galaxy Digital, the crypto-focused financial services firm founded by Bitcoin bull Michael Novogratz, is cautioning that the fast rise of public companies buying crypto for their balance sheets could potentially make the market “structurally fragile.” In a July 31 research report, the New York-headquartered crypto firm said the rise of Digital Asset Treasury Companies —
Crypto treasury firms have begun moves to buy over $7.8 billion worth of cryptocurrencies this week, in possibly one of the biggest corporate crypto grabs in recent history — particularly for altcoins. Cointelegraph analyzed 16 company statements since Monday, which either announced a plan to buy or raise money for crypto. Ether (ETH) was the
According to Bloomberg data, IBIT set a record by reaching $10B in assets in just 34 trading days. 75% of IBIT investors were first-time BlackRock clients, driving broader platform adoption. IBIT’s rapid growth outpaced all major ETF peers, highlighting surging demand for Bitcoin ETFs. According to Bloomberg Intelligence data, the iShares Bitcoin Trust (IBIT) has
Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings
The second-largest US-based crypto exchange by trading volume is reportedly an initial public offering (IPO) candidate for next year. Citing people familiar with the matter, The Information reports that Kraken is eyeing to raise $500 million at a $15 billion valuation. The price tag represents a significant increase from when the 14-year-old Coinbase challenger was
JP Morgan Chase CEO Jamie Dimon reaffirmed his belief in stablecoins on Thursday, but said that he still wasn’t a fan of Bitcoin. Speaking with CNBC, billionaire banking boss Dimon said that stablecoins could be used in ways that fiat currency can’t. “There are things that stablecoins maybe can do that your traditional cash can’t,”
Software company MicroStrategy (MSTR), known for its huge investments in Bitcoin, announced its 2025 second quarter financial results. The company’s revenues and profits exceeded analyst expectations, while the increase in the value of its Bitcoin position attracted attention. The prominent data in the report published by the company were as follows: Total Bitcoin Assets: 628,791
Cryptocurrency exchange Coinbase (NASDAQ: COIN) announced its financial results for the second quarter of 2025. The company’s revenue and trading volume fell short of analyst expectations. The most important points that emerged from the data published by the company are as follows: Total revenue: $1.50 billion (Expected: $1.59 billion) Trading volume: $237 billion (Expectation: $252.76