Key Takeaways Tether added $68.2M as USDT held 58.67% of the $323.3B stablecoin market. Sky’s USDS jumped 11.5% to $8.79B, closing in on the $10B milestone. Western Union’s …
Jason Scott
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Bitcoin
Dogecoin Whale Bets $2.25M With 10x Leverage as Big Wallets Hoard Record 108B DOGE
by Jason Scottby Jason ScottKey Takeaways A new wallet placed a 10x leveraged long on 20 million DOGE worth $2.25M on May 16, per Lookonchain. The $0.10284 liquidation price leaves under 10% …
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Bitcoin
Arthur Hayes Tells CME and ICE Off as HYPE Drops Nearly 9% After Lobbying Push
by Jason Scottby Jason ScottKey Takeaways CME and ICE lobbied the CFTC to force federal oversight on Hyperliquid’s 24/7 onchain oil futures. Following the news, Hyperliquid’s HYPE token slid nearly 9% to …
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Bitcoin
Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push
by Jason Scottby Jason ScottKey Takeaways Hana Bank will buy a 6.55% Dunamu stake for $670M, with the deal expected to close by June 15. Upbit parent Dunamu deal signals Korean banks’ …
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Bitcoin
Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH
by Jason Scottby Jason ScottKey Takeaways Bit Digital posted a $146.7M Q1 loss while expanding holdings to 155,444 ETH. Ethereum staking brought Bit Digital $2.3M as bitcoin mining revenue fell 33%. Bit …
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Bitcoin
Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push
by Jason Scottby Jason ScottKey Takeaways Coinbase co-founder Fred Ersham, worth $2.6B, met with officials to explore deeply undervalued assets. While locals rely on stablecoins, Ersham appeared at an event to promote …
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Bitcoin
OKX Targets South Korea Entry With Proposed 20% Coinone Investment
by Jason Scottby Jason ScottKey Takeaways OKX and Korea Investment could buy 20% each of Coinone via new share issuance. Coinone deal could open South Korea’s tightly regulated crypto market to global …
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Bitcoin
Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal – Bitcoin News
by Jason Scottby Jason ScottKey Takeaways Strategy agreed to repurchase about $1.5 billion of its 0% convertible notes. Funding options include cash reserves, securities-sale proceeds, and possible bitcoin sales. Cancellation of the …
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Key Takeaways Powell remains in place temporarily as Warsh awaits the final oath of office. Senate confirmation cleared Warsh legally, but the leadership transfer still requires formal steps. …
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The global financial landscape reached a historic crossroads this week with the confirmation of a new Fed Chair, while the crypto industry navigates a “marketing winter” and the …
