The supply of Bitcoin held on major cryptocurrency exchanges has fallen to its lowest level since 2020, according to data from crypto research firm AlphaFractal. As of June 15, the Bitcoin Exchange Flux Balance — an on-chain metric that tracks the cumulative change in total $BTC held across major trading platforms — stood at approximately
Blockchain company Ripple has taken a significant step towards expanding the use of stablecoins in cross-border payments in Africa by participating in the Series E funding round of Africa-based payments company Flutterwave. Flutterwave announced today that the investment round has raised the company’s valuation to $3.2 billion. Financial details regarding the investment amount were not
The layer-1 blockchain Sui has announced that Remi Technology, a project built on its network, is launching new infrastructure designed specifically for regulated, bank-issued stablecoins. The announcement, made via Sui’s official blog on June 16, outlines a system that allows financial institutions to issue and manage stablecoins while maintaining compliance with key regulatory frameworks. Remi’s
Real estate investor Grant Cardone is positioning his Cardone Capital to challenge the traditional real estate investment trust (REIT) sector by integrating Bitcoin directly into large-scale multifamily deals. With roughly $5 billion in real estate assets under management across about 15,000 units, Cardone claims the hybrid approach can deliver superior returns while onboarding new investors
What’s Being Sold According to the Stack’s Bowers Galleries announcement shared with Bitcoin.com News, the token is graded MS-66 by the Professional Coin Grading Service (PCGS). Only 15 examples exist at that grade. Just 11 coins have been graded finer, all at MS-67. The token remains funded, meaning the 0.5 $BTC loaded onto the blockchain
SpaceX (NASDAQ: SPCX) briefly shook up the rankings among the highest valued US firms today after it confirmed that it will buy Anysphere, the company behind AI code editor Cursor, for $60 billion in stock. The stock surge that the rocket maker enjoyed shot its valuation into a new stratosphere as it closed a deal
Elon Musk’s net worth, which has been fueled by a massive surge in the valuation of SpaceX (SPCX), has reached an unprecedented $1.4 trillion. Following a single-day jump of $101.7 billion (7.91%), his individual net worth is above the entire market capitalization of Bitcoin. Bitcoin’s total market value is currently sitting at $1.318 trillion, CoinGecko
SpaceX’s first week as a public company is starting to look less like a conventional stock-market debut and more like a high-leverage crypto asset. Shares of Elon Musk-led company, trading under the ticker SPCX, extended their post-IPO rally Tuesday as investors piled into one of the smallest public floats ever attached to a company valued
Bitcoin-based decentralized finance (DeFi) projects are narrowing their focus to institutional investors and long-term holders as a broad market liquidity contraction reshapes the sector, according to Richard Green, director of institutions and ecosystem at Rootstock Labs, the investment arm of the Bitcoin layer-2 network Rootstock ($RIF). Market Contraction Reshapes DeFi Strategy In an interview with