Wormhole’s token W is showing early signs of a bullish reversal as its ecosystem continues to gain popularity among major players. According to data from crypto.news, Wormhole (W) was exchanging hands at $0.0631, last check June 27, with a market cap of over $293 million. The token remains down more than 80% from its year-to-date…
The crypto mining firm Bit Digital officially marks its departure from Bitcoin mining and towards Ethereum staking by issuing $150m shares in a public offering to buy more ETH. In a recent press release, Bit Digital announced that it will be issuing 75 million shares at $2 each, with an additional 11.25 million shares available…
Believe memecoin launchpad has unveiled $1million Believe Builders Fund to back builders and communities through various initiatives. On June 27, Believe, a Web3 SocialFi platform enabling token launches via social interactions on X, announced the launch of the Believe Builders Fund. The initiative commits $1,000,000 over the coming months to support high-potential builders and communities…
Bakkt Holdings Inc. has disclosed plans to raise $1 billion through a mixed securities offering and use the proceeds to fund Bitcoin buys. According to the crypto software firm’s June 26 filing with the U.S. Securities and Exchange Commission, the offering will include any combination of Class A common stock, preferred stock, debt securities, warrants,…
Resolv Protocol has pushed back against speculation of internal token sales, revealing it repurchased 1.6 million RESOLV tokens amid heightened market volatility. In a June 27 statement on X, Tim Shekikhachev, customer success manager at Resolv (RESOLV), said the protocol’s foundation had not sold any RESOLV during the recent downturn. “In fact, at current levels,…
Nasdaq-listed Upexi is taking a major step into the crypto capital markets by announcing plans to tokenize its shares on the Solana blockchain. On June 26, the company announced it will bring its stock on-chain through Opening Bell, a regulated on-chain equity issuance platform developed by fintech company Superstate. The move aims to offer 24/7…
Last year’s $1 billion offer was a non-starter. Now, with AI demand surging and Bitcoin mining margins tightening, CoreWeave has circled back and is reportedly in new talks to acquire Core Scientific. On June 26, the Wall Street Journal reported that CoreWeave, the AI cloud infrastructure provider backed by Nvidia and powering clients like OpenAI…
Lately, the Internal Revenue Service has ramped up the frequency of warning letters sent to cryptocurrency investors. Reports indicate that most recipients receive one of three letter types: 6173, 6174, or CP2000. But what do these letters mean, and do they signal a broader crackdown on crypto? Regulation of cryptocurrency taxes is still something many…
SOL Strategies, a publicly traded Solana infrastructure company, has announced the launch of a new ecosystem reserve strategy, with Jito as the first token. Canada-based SOL Strategies said in an announcement on June 26 that its Strategic Ecosystem Reserve (SER) is intended to support top blockchain projects within the Solana (SOL) ecosystem. As a start,…
The Senate is racing toward a September finish line for crypto rules. But with the House stuck at the starting block, this legislative marathon might take longer than anyone expected. At a Thursday press briefing, Senate Banking Committee Chair Tim Scott laid down a new target for completing crypto market structure legislation: September 30. Flanked…
