News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
The platform has been live for two weeks, and the total value of player tokens has reached $100 million. Can this reignite the blockchain gaming trend?
ETHZilla announces a $250 million stock buyback to stabilize after shares dropped, but concerns over long-term growth and Ethereum acquisitions remain.
The market's dovish interpretation of Powell's speech may be somewhat exaggerated.
Solana price pulled back after hitting $213, slipping 3.6% in 24 hours. With profit-taking rising and momentum showing strain, one strong support near $183 could decide the next move.
Grayscale has filed an S-1 registration with the SEC to convert its Avalanche Trust into an ETF tracking Avalanche (AVAX). The ETF would let more investors access Avalanche without owning the cryptocurrency directly. This step fits a trend of digital assets entering SEC-regulated investment vehicles. Grayscale follows several firms designing products for regulated blockchain exposure. … <a href="https://beincrypto.com/grayscale-avalanche-avax-etf-sec-filing/">Continued</a>
- 05:07Pentwater Capital discloses holding an 8.5% stake in Core ScientificJinse Finance reported that event-driven investment firm Pentwater Capital has acquired an 8.5% stake in a certain publicly listed mining company, becoming one of the major hedge fund shareholders of this bitcoin mining and data center operator. According to the latest filing submitted on Friday, Pentwater reported holding 26 million shares of the listed mining company, accounting for 8.5%. The company's stock price has pulled back 35% since reaching an all-time high last month. Based on the current share price of around $15, this position is valued at approximately $400 million. Pentwater manages about $18 billion in assets and was previously one of Twitter's top ten shareholders before Elon Musk's acquisition. This disclosure follows a similar increase by another AI-themed hedge fund, Situational Awareness, which last month raised its stake in the company to 9.5%. Last month, the company's shareholders rejected a merger proposal from Core Weave, while the company continues to focus on its dual business lines: bitcoin mining and high-performance computing infrastructure.
- 05:07Strategy Bitcoin unrealized gains fall below $10 billion, overall return drops to 16%According to a report by Jinse Finance, the latest data from SaylorTracker shows that the market value of bitcoin holdings by the bitcoin treasury company Strategy has dropped significantly to $56.11 billions, with an mNAV of 1.01. The unrealized profit on its current holdings of 649,870 bitcoins has fallen below $10 billions, now down to $7.738 billions, and the overall yield has dropped to 16%. Strategy's average purchase price for bitcoin is now $74,433, and the current market price is only about $11,000 below this level.
- 05:05Nakamoto CEO clarifies that 367 bitcoins were used for DAT investment rather than an actual saleChainCatcher news: In response to market reports that the Nasdaq-listed bitcoin treasury company Nakamoto has sold 367 bitcoins, the company's CEO David Bailey clarified on the X platform that these bitcoins were used for equity investments in digital asset treasury companies (DAT), including Metaplanet, Treasury, and Future. Therefore, this is not a "sale" in the true sense; it is just that the company's balance sheet does not reflect the value of these equity investments in bitcoin holdings.