In a surprising and significant move, Nasdaq-listed electronics manufacturer Cemtrex (CETX) has boldly announced a $10 million strategic corporate crypto investment plan. This announcement sends ripples through both the traditional finance and digital asset sectors, signaling a growing trend of established companies embracing the cryptocurrency space, often seen as volatile and cutting-edge. What Exactly is
In the fast-paced world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, even the most prominent figures are not immune to market fluctuations. Recently, attention has turned to Jeffrey Huang, a Taiwanese singer and influential figure in the NFT space, better known as Machi Big Brother. Reports indicate
Spheron Network, a famous decentralized compute platform, has partnered with Warden Protocol, a cutting-edge L1 blockchain to offer intelligent, AI-native applications. The collaboration is mainly focused on conducting a joint interactive campaign via Galxe, a well-known Web3 identity and credential platform. As per Spheron’s official announcement, the campaign takes into account several rewards and quests
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,
U.K fintech company Valereum Plc is raising funds to establish its Bitcoin treasury reserve, following many other companies that have jumped on the BTC band wagon. Summary Valereum Plc plans to raise £500,000 to purchase BTC for its reserve strategy. Its stock price dipped 4.35% following news of the BTC treasury, unlike past corporate BTC
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 —
DFINITY, the prominent blockchain project at the back of Internet Computer Protocol, has joined forces with Omnity Network, an omnichain interoperability forum. The partnership aims to provide groundwork for an exclusive era of Bitcoin-native innovation. As DFINITY mentioned in its social media announcement, this development merges its ChainFusion technology with the cross-chain protocol of Omnity
Around 48,600 Bitcoin options contracts will expire on Friday, August 1, and they have a notional value of roughly $5.7 billion. This one is around half of last week’s large end-of-quarter expiry event, so it is unlikely to be enough to influence spot markets, which have started to tank in the wake of Donald Trump’s
In a groundbreaking move that underscores the growing institutional confidence in digital assets, Metaplanet, a Japan-listed company, is making headlines with its ambitious Metaplanet Bitcoin accumulation strategy. The firm recently announced a significant proposal to issue perpetual preferred shares, aiming to raise a staggering ¥555 billion ($3.7 billion) to bolster its Bitcoin treasury. This strategic