Jack Dorsey’s Bitcoin Firm Block Inc Joins S&P 500

Key Notes Fintech giant Block Inc has been added to the S&P 500 effective July 23. Block replaced US energy company Hess Corp on the S&P 500. Strategy may eventually be added to the S&P 500 Index, a move bolstered by epic Bitcoin bets. . Jack Dorsey’s financial services company, Block, Inc., has been added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. It is replacing US energy company Hess Corp on the S&P 500. According to a statement published on July…

This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm

The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. The metric works by going…

Nasdaq-Listed Firm Bets Big on DOGE With Massive Capital Raise

Bit Origin Ltd has announced plans to launch a $500 million treasury strategy focused on Dogecoin. The firm said it has secured agreements with accredited investors to fund the initiative. CEO Highlights Dogecoin’s Evolving Utility and Community Strength The Nasdaq-listed diversified digital asset company, Bit Origin announced on July 17 plans to launch a $500 […] Source CryptoX Portal

Strategy, the Nasdaq-Listed Firm With 600,000+ BTC, Hits Record Market Cap

On Wednesday, shares of the business intelligence and bitcoin treasury firm Strategy climbed to a record $455.90, pushing the company’s market capitalization to a significant $124.64 billion. Strategy’s Stock Hits New High Backed by Massive Bitcoin Treasury Market stats reveal that Strategy’s MSTR shares on Nasdaq hit $455.90 at Wednesday’s close, rising more than 3% […] Source CryptoX Portal

How one Nasdaq firm raised $51.5M in 72 Hours, just to buy Bitcoin

The anatomy of a Bitcoin pivot: How KindlyMD raised $51.5M in 72 hours Nasdaq-listed KindlyMD secured capital to accelerate its pivot to a Bitcoin-focused public company. In June 2025, KindlyMD Inc. (Nasdaq: KDLY) raised $51.5 million through a PIPE (Private Investment in Public Equity) transaction, and did it in just 72 hours. The round was tied to the company’s pending merger with Nakamoto Holdings, a Bitcoin-native firm led by David Bailey, who is also CEO of BTC Inc., the company behind Bitcoin (BTC) Magazine. The funding is part of a…

Collapsed UK Crypto Firm Ziglu Reveals $2.7M Shortfall, Imperiling Investors

Administrators of a collapsed UK-based crypto firm have identified a $2.7 million shortfall, increasing the risk of total investment loss for some customers. Management Accused of Misappropriating Customer Funds Administrators for Ziglu, the collapsed United Kingdom-based crypto firm, have reportedly uncovered a shortfall of $2.7 million (£2 million), raising the likelihood that investors may lose […] Source CryptoX Portal

Bitcoin May Land On 36 More Company Balance Sheets This Year, Blockchain Firm Says

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Public firms around the globe have been piling into Bitcoin this year. According to Blockware Intelligence, the number of public companies holding Bitcoin jumped by 120% in 2025. That surge brought the total to 141 firms. And by the end of 2025, at least 36 more are expected to add Bitcoin to their balance sheets. That would represent a 25% boost from today’s numbers. Rising Tide Of Corporate Bitcoin Adoption Based on reports from Blockware’s Q3 2025…

South Korea Proposes Enabling Crypto Firm Benefit Access

South Korea’s Ministry of SMEs and Startups announced Wednesday that it plans to lift restrictions preventing crypto-related businesses from qualifying as venture companies. Currently, firms operating in the “virtual asset” sector are excluded from the government’s venture classification, which limits their access to various tax breaks and financial support. The ministry said the proposed amendment reflects a “shift in perception” of the digital asset industry and the establishment of “legal and institutional safeguards” aimed at protecting users. The announcement said that “the government is currently focusing on nurturing the digital…

US Investigating Ransomware Negotiation Firm Employee

The US Justice Department has launched a probe into a former ransomware negotiator, accused of striking deals with hackers to take a cut of the crypto used to pay the extortionists. In a statement to Cointelegraph, DigitalMint President Marc Grens confirmed that one of the firm’s former employees is the target of an ongoing criminal investigation and was “immediately terminated” when the allegations came to light.  “The investigation evidently involves alleged unauthorized conduct by the employee while employed here.” The Chicago-based company assists victims with ransomware negotiations and payments to…