Month: June 2025

Coinbase to Join S&P 500 Next Week

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Global Inc., the largest US cryptocurrency exchange, will be added to the S&P 500 Index in the latest milestone for the booming digital-asset industry. The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release. Shares of Coinbase were up 13% in after-hours trading. The inclusion of Coinbase is viewed as a vindication by crypto faithfuls who helped President Donald Trump win the election in November. …

Cardone Capital to acquire 3000 BTC in pivot to Bitcoin-backed real estate strategy

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Cardone Capital has become the first real estate investment firm to adopt a full-scale Bitcoin treasury strategy after it added roughly 1000 Bitcoin to its balance sheet. According to CEO Grant Cardone, the move marks the integration of “the two best-in-class assets,” combining real estate with Bitcoin as part of its broader investment strategy. CardoneCapital adds ~1000 BTC to balance sheet becoming first ever real estate/btc company integrated with full BTC strategy, combining the two best in class assets 14,200 units plus half million square feet of A* office the…

Bitcoin Price Crash Far From Over As Support Sits Below $90,000 – Details

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Bitcoin price crash has been spurred on by looming war events as Iran and Israel continue to go head-to-head. Naturally, the financial markets have responded negatively to this news, and the crypto market has not…

Bitcoin ETF demand drops sharply as geopolitical jitters rattle investor sentiment

Spot Bitcoin exchange-traded funds in the United States have recently experienced a sharp drop in inflows as investor sentiment continues to take a hit amid escalating geopolitical concerns. According to data from SoSoValue, the 12 spot Bitcoin ETFs pulled in $1.02 billion over the past week, a significant drop of over 26% compared to the $1.39 billion these funds attracted the week before. The week of June 16–20 started off strong. Bitcoin ETFs saw $412.2 million in inflows on Monday, followed by $216.48 million on Tuesday and $389.57 million on…

Story Protocol jumps 15% as whales buy $47M in IP tokens

Story Protocol’s IP token has seen a sharp 15% bounce, trading just above $3 after days of downward drift. The surge was accompanied by a sudden 118% spike in trading volume and large-scale whale accumulation, fueling speculation around the project’s next major move. Blockchain data flagged by Lookonchain on June 23 shows two major wallets collectively purchased 16 million Story Protocol (IP) tokens, worth nearly $47.5 million.  One address acquired 6 million tokens, while another scooped up 10 million. The timing is notable, arriving just as market-wide sentiment steadied following…

Elon Musk To Retrain Grok AI To ‘Rewrite’ Human Knowledge

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Elon Musk says his artificial intelligence company xAI will retrain its AI model, Grok, on a new knowledge base free of “garbage” and “uncorrected data” — by first using it to rewrite history.  In an X post on Saturday, Musk said the upcoming Grok 3.5 model will have “advanced reasoning” and wanted it to be used “to rewrite the entire corpus of human knowledge, adding missing information and deleting errors.” He said the model would then retrain on the new knowledge set, claiming there was “far too much garbage in…

FTX Lawyers Want $1.53 Billion 3AC Claim Tossed

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Lawyers acting for the collapsed crypto exchange FTX have rebuked a $1.53 billion recovery claim from Three Arrows Capital’s liquidators, arguing the losses resulted from a risky trading strategy that should not be paid for by creditors. 3AC liquidators initially filed a $120 million claim in FTX’s bankruptcy case in June 2023 and expanded it to $1.53 billion in November 2024, alleging claims including breach of contract, fiduciary duty and unjust enrichment. The liquidators alleged FTX held $1.53 billion in the hedge fund’s assets that were liquidated to settle liabilities…

Metaplanet adds 1,111 Bitcoin, now holding 11,111 BTC

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Metaplanet Inc. has announced the purchase of 1,111 additional Bitcoin, bringing its total holdings to 11,111 BTC. The Tokyo-listed firm disclosed the acquisition in a June 23 filing, noting a total spend of 17.26 billion yen, about $108 million. The latest purchase was made at approximately 15.54 yen, or roughly $97,000, per Bitcoin (BTC). The acquisition deepens the firm’s aggressive treasury strategy, which aims to accumulate 210,000 BTC, equivalent to 1% of Bitcoin’s total supply, by the end of 2027. This purchase comes just a week after surpassing its 2025…