TLDR: Bit Digital raised $162.9M through a stock offering to purchase more Ethereum. The firm plans to gradually swap 417.6 BTC for ETH to grow staking income. Ethereum staking already offsets operational costs, boosting long-term […]
Cake Wallet added the decentralized stablecoin dEURO to its offerings on Tuesday, expanding its stable of euro-denominated digital assets for users. The decentralized stablecoin is overcollateralized by other digital assets, including Bitcoin (BTC), Ether (ETH) […]
Canadian fintech Mogo announced on July 2 that its board had cleared up to $50 million for staged Bitcoin purchases as a long-term treasury reserve, prompting its shares to jump 140% at market opening on […]
Bitcoin miner CleanSpark has reportedly received approval to build a new mining facility in Mountain City, Tennessee, local media outlet WCYB reported on July 2. According to the report, the Mountain City Board of Mayor […]
The U.S. Securities and Exchange Commission has approved Grayscale’s Digital Large Cap Fund conversion into a spot ETF. The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano. Experts expect approvals of multiple crypto spot ETFs. […]
Key point: REX Shares launched the first-ever US-staked cryptocurrency exchange-traded fund on Wednesday, giving investors direct exposure to Solana (SOL) and an opportunity to earn yield through staking. Although the price action showed promise in […]
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Key takeaways: Ether’s chart shows a “Power of 3” setup, with a price target above $5,000. Spot ETH ETFs recorded net inflows of 106,000 Ether last week, marking the seventh consecutive week of positive inflows. […]
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