Tag: Million

Gemini Targets Nasdaq IPO With $317 Million Raise

Key Notes For the IPO, Nasdaq is investing $50 million via private placement as part of a strategic partnership. The partnership will give Nasdaq clients access to Gemini’s custody and staking services. If successful, Gemini will become the third publicly traded crypto exchange, following Coinbase and Bullish. Popular crypto exchange Gemini, led by Tyler and Cameron Winklevoss, is moving forward with its plans for a public listing. Sources familiar with the matter stated that the exchange has brought on Nasdaq as a strategic investor. The exchange is targeting up to…

ETF Recap: Ether Sees Record $788 Million Weekly Outflow as Bitcoin Pulls in $246 Million

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Ether exchange-traded funds (ETFs) endured their worst week since inception, shedding $788 million, while bitcoin ETFs pulled in $246 million from Sept 1–5. Institutional Shift: BTC ETFs Post Gains While ETH Funds See Largest Weekly Exit The first week of September painted two starkly different stories for crypto ETFs. While bitcoin funds attracted fresh capital, […] Original

Metaplanet boost Bitcoin holdings by $15 million amid stock struggles

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Metaplanet has added more Bitcoin to its treasury, racing toward its year-end and long-term targets as its stock faces pressure from recent losses. Summary Metaplanet adds 136 BTC worth $15 million, raising its total holdings to 20,136 BTC as it pushes toward a 30,000 BTC goal by year-end. The firm’s stock struggles are deepening, with shares down 3.8% today, nearly 20% on the week, and over 30% on the month. Asian Bitcoin treasuries are expanding, with firms like Sora Ventures and Remixpoint planning funds for long-term accumulation. Metaplanet has announced…

Crypto Phishing Scams Claim Over $12 Million in August: Tips to Stay Safe

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Phishing scams, attacks disguised as legitimate communication or websites designed to steal funds and sensitive information, cost crypto users over $12 million in August, up 72% from July, Web3 anti-scam service Scam Sniffer reported on Saturday. Crypto phishing scams impacted 15,230 victims in August, a 67% increase from July, with the single largest loss costing one user over $3 million, according to Scam Sniffer. The Scam Sniffer team also noted a “sharp escalation” in EIP-7702 signature scams. EIP-7702 is an Ethereum improvement proposal that allows Externally Owned Accounts to act…

Is Ethereum Price Forming Local Top? Sellers Outbid Buyers By $570 Million

Key Notes Ethereum’s net take volumes highlight that ETH price could see a drop below $4,000. Analysts highlighted key ETH support levels at $3,960 and $3,360, stressing the need to hold these zones to maintain the current market structure. Traders expect Bitcoin to outperform in the near term as ETH/BTC weakens amid current capital rotation. The Ethereum price continues to remain under selling pressure after rejecting its all-time highs. Derivatives data show that any near-term recovery in ETH seems difficult, as sellers exert greater pressure, pushing the price lower.  Market…

How One Trader Turned $125,000 Into $43 Million on Ethereum.

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The $303-million ETH long position A crypto trader managed to turn a $125,000 deposit into one of the largest Ether positions ever seen on Hyperliquid.  Over four months, they compounded every gain into a single Ether (ETH) long, eventually controlling more than $303 million in exposure. At its peak, his equity hit $43 million. When the market began to reverse, they closed the trade entirely, walking away with $6.86 million in realized profit (a 55x return on the initial stake). This outcome shows both the extraordinary potential of aggressive compounding…

Corporate Bitcoin Treasury Firms Reach 1 Million Bitcoin

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Corporate Bitcoin treasury adoption has hit a huge milestone, reaching 1 million Bitcoin as more companies tout Bitcoin’s potential to bolster their balance sheets. BitcoinTreasuries.NET confirmed the feat on Thursday, with a few additional purchases pushing the tally to 1,000,698 Bitcoin, worth over $111 billion. While Bitcoin miners like MARA Holdings were the OG Bitcoin accumulators, Michael Saylor’s Strategy was the first public company to adopt a Bitcoin (BTC) strategy in August 2020 — paving the way for many of the 184 listed companies that hold Bitcoin today. Saylor’s company…

20 Million New SUI Tokens Push Treasury To New High – Details

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SUI Group Holdings moved again in the market, adding 20 million SUI to its holdings and lifting its total to about 102 million tokens, a stash worth roughly $344 million at current prices. The Minnesota-based company, which trades on Nasdaq under the ticker SUIG, bought the tokens through an arrangement tied to the Sui Foundation, a press release dated September 3 shows. The deal, reports have disclosed, gives SUI Group access to discounted, locked tokens that are not available on the open market. Crypto Holdings And Staking Most of the…

Public Companies Now Hold Over 1 Million Bitcoin, Data Shows

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Publicly traded companies now collectively hold more than 1 million bitcoin, marking a milestone that represents nearly 5% of the cryptocurrency’s fixed 21 million supply, according to bitcointreasuries.net. Listed Companies Amass 1,000,000+ BTC; Strategy Remains No. 1 As of today’s tally, bitcointreasuries.net shared an image that shows publicly traded firms controlling more than 1 million […] Original