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Metaplanet Boosts Bitcoin Reserves with 775 BTC Purchase
On August 18, Metaplanet increased its Bitcoin holdings with the new purchase of 775 BTC valued at approximately $93 million. The acquisition raises the company’s total reserves to 18,888 BTC. $2.18 Billion Spent on Bitcoin Stash According to a recent... -
South Africa Launches Regulatory Framework to Secure Cross-Border Crypto Transfers
During recent discussions in the Standing Committee on Finance, South Africa’s Finance Minister Enoch Godongwana outlined the government’s plans to introduce a new regulatory framework for cross-border cryptocurrency transfers. The move comes as the South African Reserve Bank (SARB) works... -
US Treasury’s Scott Bessent Says Strategic Bitcoin Reserve Will Rely on Budget-Neutral Acquisitions
On August 14, US Treasury Secretary Scott Bessent clarified his department’s stance on the nation’s strategic Bitcoin holdings, walking back earlier remarks that had sparked a sell-off. Despite the temporary market reaction, former President Donald Trump’s ambition to establish the... -
Trump-Linked Thumzup Media Lands $50M Funding and Coinbase Alliance for XRP Treasury Expansion
On August 13, Thumzup Media, a social marketing company partly owned by Donald Trump Jr., revealed it had secured $50 million at $10 per share in fresh funding, while also expanding its partnership with Coinbase. Trump’s Family Continues Expansion into... -
Transak Raises $16M from Tether & IDG Capital to Boost Stablecoin Payments and Global Adoption
During the latest funding round, Transak, a leading fiat-to-crypto infrastructure provider, successfully raised $16 million in a strategic investment led by Tether and IDG Capital. The move aims to bolster its stablecoin payments infrastructure and facilitate expansion into high-growth markets,... -
Ethereum ETFs Pull in $523.9 Million After All-Time High Inflows
On August 12, U.S. spot Ethereum exchange-traded funds (ETFs) drew in $523.9 million in net inflows. This growth came right after a historic milestone on August 11, when Ethereum ETFs collectively crossed the $1 billion mark in total net inflows... -
Intel Stock Rises as Trump Calls CEO Lip-Bu Tan a “Success”
Intel stock (NYSE: INTC) is trading higher today after the meeting between the company’s CEO, Lip-Bu Tan, and President Donald Trump. Following that meeting, Trump, who had recently called for Tan’s “immediate” resignation, termed him a “success.” I met with... -
Terraform Co-Founder Do Kwon Expected to Admit Guilt in Fraud Case
Terraform Labs co-founder Do Kwon will be pleading guilty to a lawsuit filed over the collapse of the TerraUSD (UST) stablecoin in 2022. This plea change hearing is scheduled for August 12 in Manhattan federal court. Kwon’s Shift from ‘Not... -
Kidnappings Targeting Bitcoin Holders Increase Amid Exchange Data Breaches
On August 9, Alena Vranova, founder of SatoshiLabs, raised concerns over a growing wave of violent crimes targeting Bitcoin and crypto holders. She explained that these incidents include so-called “wrench attacks,” where victims are threatened or harmed until they reveal... -
UAE Unifies Crypto Rules with SCA and VARA to Make Licensing Easier and Boost Investor Trust
During a recent regulatory update, the UAE has taken a significant step to unify its virtual asset sector by establishing a collaborative agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). This partnership aims...
