Tech billionaire Peter Thiel has acquired a 7.5% stake in ETHZilla, marking his second investment into an Ethereum treasury company in recent weeks. Summary Thiel and related entities purchased a 7.5% stake in ETHZilla (formerly, 180 Life Sciences) ETHZilla’s stock jumped 207%, closing at $10.24 from $3.34 after the investment news. This follows Thiel’s recent…
U.K.-listed BTC treasury firm The Smarter Web Company has made yet another multi-million-dollar purchase to boost its portfolio. Summary The Smarter Web Company has bought 295 BTC at $119,412 each, spending $31 million. Its Bitcoin stash has grown to 2,395 BTC, now worth around $265.2 million. The firm is now one of Europe’s biggest corporate…
Lido price edges toward $2 after a two-week rally fueled by institutional adoption and Ethereum’s strength. Summary Lido price is approaching $2 after a two-week accumulation phase fueled by GK8’s launch of secure stETH custody services on August 7 Ethereum’s ongoing rally supports Lido’s staking protocol, boosting both stETH value and market sentiment. LDO shows…
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….
Altcoin season calls are heating up across the industry as the crypto market flips green, and some tokens are already stealing the spotlight. Summary Ethereum has surged nearly 10% in the past 24 hours, trading above $4,623, its highest levels since November 2021. OKB, the native token of OKX, has gained approximately 189% in one…
The new executive order could unlock trillions in retirement funds for crypto, with a 1% shift potentially pushing Bitcoin to $194,000. Still, volatility and regulatory risks may limit quick adoption. Summary A recent executive order could enable crypto investments within employer-sponsored retirement plans, unlocking access to $12.2 trillion in assets. Bitwise projects that a 1%…
The Ethereum foundation has been on a selling spree, cashing out part of its ETH holdings as the token rallies to its strongest levels in years. Summary The Ethereum Foundation sold 2,795 ETH in two transactions worth nearly $13 million. ETH currently trades above $4,600, its highest level since November 2021. The Foundation previously noted…
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…
Ethereum has surged to $4,670, its highest level in nearly 11 months, indicating that the second phase of the altcoin cycle is underway. Summary Ethereum just broke $4.6K, driven by liquidations, treasury buying, and ETF inflows. Altcoins are heating up, supported by global liquidity growth and falling Bitcoin dominance. The macro backdrop is favorable, but…
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…
