Tag: Launch

Parataxis seals $18m deal to launch Bitcoin treasury on KOSDAQ

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Following the lead of Strategy and Japan’s Metaplanet, Parataxis is bringing Wall Street’s Bitcoin treasury strategy to Korea with an $18 million takeover of Bridge Bio, signaling deeper institutional crypto penetration. In a press release on June 20, Parataxis Holdings LLC announced its acquisition of a controlling stake in Bridge Biotherapeutics for KRW 25 billion (about $18 million). The deal, pending shareholder approval, will see the biotech outfit rebranded as Parataxis Korea, a publicly traded, Bitcoin (BTC)-native treasury company listed on South Korea’s KOSDAQ exchange. Edward Chin, Parataxis’ founder, and…

X to Integrate Financial Services, Teases 2025 Launch of X Money App

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Elon Musk’s social media platform, X, will soon integrate various financial services, enabling users to make payments and investments directly within the app. In a recent interview with the Financial Times, X CEO Linda Yaccarino said the platform’s estimated 600 million users will eventually “be able to transact [their] whole life on the platform,” from sending money to managing investments. The company is also considering launching an X-branded credit or debit card, potentially later this year. X.com is estimated to have 611 million monthly active users as of 2025. Source:…

SPK Token Crashes Over 70% After Launch as Airdrop Recipients Trigger Selloff

Key Notes SPK lost over 70% in value within hours of its June 17 listing. Over 300 million tokens were sold quickly by airdrop recipients. Spark holds $8 billion in TVL but faces questions on tokenomics. SPK, the native token of Spark, plummeted over 70% within hours of its June 17 debut on exchanges such as Binance, KuCoin, Bybit, and Bitget. After opening near $0.177, the token fell sharply to around $0.050 as airdrop recipients rapidly offloaded holdings. The drop erased more than $120 million in market value and raised…

BTCC Exchange Celebrates 14th Anniversary with Launch of First-Ever User Badge Program

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June 18th, 2025 – VILNIUS, Lithuania BTCC, one of the world’s longest-serving exchanges, celebrates its 14th anniversary by launching its first-ever user badge program. The milestone campaign, running from June 16 to July 1, 2025, introduces the exclusive “14 Years of Momentum” badge. This limited-edition emblem aims to honor community loyalty as the exchange steps into its 15th year of operation in the crypto space. In the fast-paced cryptocurrency industry, 14 years of operation represent an extraordinary milestone of excellence. BTCC has proven its commitment to security and reliability by…

Pudgy Penguins, Elympics Launch ‘Pengu Clash’ Game on TON

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Pudgy Penguins is launching a skill-based Web3 game called Pengu Clash for The Open Network (TON) blockchain, joining the competitive mini-game space. According to Pudgy Penguins, the game will operate under a play-to-win model, allowing players to compete and be rewarded for game mastery rather than speculation. “Play-to-win, in essence, is a skill-based game,” Pudgy Penguins CEO Luca Netz told Cointelegraph. “Users wager against one another vs play-to-earn, [in which] you’re earning tradable currency that the game provides. This is a user-vs-user-based system.” The project said the game will feature…

Bybit Debuts Hybrid Exchange Byreal on Solana, Targets Q3 Mainnet Launch

Bybit is betting big on hybrid finance with Byreal, its new Solana-powered decentralized exchange (DEX) merging Wall Street-grade liquidity with DeFi’s trustless trading—set to shake up crypto this summer. Bybit Incubates Solana DEX Byreal, Testnet Starts June 30 Ahead of Q3 Mainnet Cryptocurrency exchange Bybit has unveiled Byreal, its first Solana-based decentralized exchange (DEX), with […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Token Gains 7% as Purpose’s Spot ETF Set to Launch in Canada

Asset manager Purpose Investments is set to launch a spot XRP exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment accounts. The ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said. XRP was up nearly 7% over…

Bybit to Launch Byreal DEX On Solana With Hybrid CEX-DeFi Model

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Crypto exchange Bybit has announced that it aims to release its new Solana-based decentralized exchange Byreal in the third quarter, with a testnet version coming out at the end of June.  In an  X post on Sunday, company chief executive Ben Zhou added that what makes the new exchange special is that it has CEX (centralized exchange) and DEX synergy.  “Byreal isn’t just another DEX,” he said, adding that it combines “CEX-grade liquidity with DeFi-native transparency.”  “This is what real hybrid finance looks like,” he said.  “We’re building the onchain…

Fidelity Files S-1 With SEC, Aiming to Launch Spot Solana ETF

Fidelity Investments is officially seeking the green light to launch an exchange-traded fund (ETF) that would hold solana ( SOL) directly. S-1 in Play: Fidelity Takes Aim at Solana With ETF Proposal On June 13, 2025, the firm submitted its S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). The proposed “Fidelity Solana […] Source BitcoincryptoexchangeExchanges CryptoX Portal