Institutional interest in Solana is rising, with more public companies making multi-million dollar bets on its long-term potential. Among them, Nasdaq-listed firm Upexi has taken the lead, and is now moving to strengthen its strategy with a new committee. Summary Upexi, a Nasdaq-listed consumer products company, has launched an advisory committee to guide its Solana…
ALT5 Sigma Corporation has closed a $1.5 billion funding round led by World Liberty Financial to launch a corporate treasury strategy centered on WLFI tokens. Summary ALT5 Sigma closed a $1.5B raise led by WLFI, priced at $7.50 per share. Company to hold 7.5% of WLFI’s token supply, managed by Kraken. Leadership changes include WLFI’s…
The total capitalization of the crypto market rose to an all-time high as Bitcoin reclaimed the $120k level and Ethereum closed in on its all-time high. Against this backdrop, Story protocol’s IP was down on the weekly time frame while SOL posted strong gains. Summary Crypto market cap hit a record $4.16T as Bitcoin traded…
Another ransomware gang is in U.S. crosshairs, with authorities moving against the BlackSuit group, active since 2022 and linked to more than $370 million in ransom demands. Summary U.S. authorities have seized four servers, nine domains, and $1.09 million in cryptocurrency tied to the BlackSuit ransomware group. BlackSuit has targeted critical infrastructure in the U.S….
Chainlink’s price rallied over 50% in the past week amid ongoing whale accumulation and growing adoption of its ecosystem by more institutions. Summary LINK is up over 50% this week and has hit a 7-month high of $24.28 today. Chainlink has recently partnered with Intercontinental Exchange to provide onchain pricing data for FX and precious…
Coinbase has brought back its Stablecoin Bootstrap Fund, injecting capital into the decentralized finance ecosystem to enhance liquidity for both USDC and EURC. Summary Coinbase has relaunched its Stablecoin Bootstrap Fund to boost USDC and EURC liquidity. Initial placements target Aave, Morpho, Kamino, and Jupiter to stabilize lending and trading. The move is positioned as…
Disgruntled customers of the now-defunct crypto exchange FTX have proposed amending their lawsuit against Fenwick & West, the exchange’s former legal adviser, citing new evidence that the firm played a key role in the exchange’s collapse. Summary FTX customers amended their lawsuit against Fenwick & West, citing new evidence from the exchange’s trial and bankruptcy…
Ethereum price rallied over 19% in the past week. With the price now only 12% below its all-time high, traders are watching for potential signs to gauge direction as the market heads into a pivotal week. Summary Ethereum has gained over 19% in the past week, and is trading just 12% below its all-time high….
Sui is drifting under the $4 mark as fading bullish momentum and an upcoming token unlock raise concerns of deeper losses. Summary SUI is down 4.6% in the past 24 hours, trading at $3.67. The token has fallen 16.3% from July’s peak of $4.30 and 32% from its $5.30 all-time high. Daily token unlocks in…
Nasdaq-listed ALT5 Sigma is set to adopt World Liberty Financial’s native token as a treasury asset as it taps the project’s executives to join its board. Summary World Liberty Financial will invest 7.5% of the total WLFI token supply in ALT5 Sigma’s $1.5 billion capital raise. ALT5 Sigma will adopt $WLFI as a treasury asset,…
