Nasdaq-listed Safety Shot faces sharp drop after BONK treasury move
Safety Shot, listed on Nasdaq, saw its shares drop 50% after announcing a new treasury strategy centered on the Bonk (BONK) memecoin. The company plans to purchase BONK worth $25 million through a strategic partnership with the token’s founders.
Bonk is a Solana-based token with a market capitalization of
Bullish Increases IPO Size and Nears $5 Billion Valuation
Bullish, the cryptocurrency trading platform led by former New York Stock Exchange director Thomas Farley, has increased the number of shares offered in its initial public offering (IPO) and raised the estimated price range. The listing is scheduled for Wednesday on the New York Stock Exchange under the ticker symbol
Circle introduces Arc, enterprise-grade infrastructure for stablecoin finance
Circle has launched Arc, a new open Layer-1 blockchain designed specifically for stablecoin-based finance. The platform targets enterprise-level onchain applications and offers low, predictable, dollar-denominated fees by using USDC as the native currency for transaction fees.
Arc includes an integrated foreign exchange engine for 24/7 onchain transactions, sub-second finality
The Biggest Crypto Fortunes: Satoshi, CZ, and McCaleb Lead the Pack
Satoshi Nakamoto, the creator of Bitcoin, remains the wealthiest figure in the crypto industry, holding around 1.1 million BTC valued at over $125 billion. The data comes from an analysis by Made Visual Daily, based on on-chain information, official disclosures, and media estimates.
In second place is Changpeng Zhao
Terraform Labs Founder May Plead Guilty in TerraUSD Collapse Trial
Do Kwon, founder of Terraform Labs, is expected to change his not-guilty plea in the $40 billion TerraUSD collapse case. Kwon faces nine felony charges including fraud, market manipulation, money laundering, and conspiracy.
According to Bloomberg, a judge in the Southern District of New York scheduled a plea change hearing
Space Tickets in Crypto: Blue Origin Integrates Bitcoin Payments
Blue Origin, the aerospace company founded by Jeff Bezos, announced it will accept cryptocurrency and stablecoin payments for its spaceflight tickets. According to a Monday press release, tickets for the suborbital New Shepard vehicle can be purchased in Bitcoin, Ethereum, and USDT through integration with the Shift4 Payments platform.
The
How Luca Netz saved NFT brand Pudgy Penguins with plushies
Pudgy Penguins, an NFT brand launched in 2021, avoided bankruptcy through a major strategic shift by expanding into the toy industry. In 2022, the company had only six months of financial runway, but current projections indicate $50 million in revenue for 2025.
Luca Schnetzler, known online as Luca Netz, acquired
El Salvador legalizes bitcoin banks with new Investment Banking Law
El Salvador has adopted the Investment Banking Law, allowing certain financial institutions to hold bitcoin and other digital assets on their balance sheets. According to the Commission for Digital Assets (CNAD), banks holding a crypto service provider (PSAD) license will be able to operate exclusively as bitcoin banks and offer
Paxos refiles for federal license
Paxos Trust Company has refiled an application to convert its status from a New York limited-purpose trust into a US national trust bank charter. If approved by the Office of the Comptroller of the Currency (OCC), the company will be able to hold assets and settle payments nationwide under federal
Major Universities, Including Harvard, Increase Holdings in Bitcoin ETFs
Harvard University and other major academic institutions have started integrating Bitcoin into their portfolios through investments in specialized ETFs, signaling a significant shift in institutional adoption of cryptocurrencies.
Harvard Management Company reported holding 1.9 million shares in the iShares Bitcoin Trust, worth over $116 million, making it one of