Business – Page 75

The fund is aimed at institutions with new frameworks for privacy

The Solana Foundation is making a new proposition for large institutions: privacy as a customizable feature, not a trade-off. In a report released Monday by the foundation, “Privacy at Solana: A full-spectrum approach to the modern business“ the organization argued that the next phase of crypto adoption will depend less on transparency alone and more […]

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Prediction market boom spurs new VC fund backed by Polymarket, Kalshi CEOs

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A new venture capital firm focused on prediction markets is launching with backing from Polymarket founder and CEO Shayne Coplan and Kalshi co-founder and CEO Tarek Mansour, Bloomberg reported. The firm, called 5c(c) Capital (named after a section of the Commodity Exchange Act that regulates prediction markets) may be the first venture fund built specifically

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Brazil’s finance minister delays divisive crypto tax plan

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Brazil’s new finance minister, Dario Durigan, is expected to delay a public consultation on applying a tax on financial operations, known locally as Imposto sobre Operações Financeiras (IOF) to some cryptocurrency transactions, Reuters reported, citing sources familiar with the matter. Durigan took office on March 20 after Fernando Haddad resigned to run for governor of

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MSTR acquired 1,031 bitcoin last week at an average price of $74,326 each.

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Michael Saylor’s strategy (MSTR) continued to increase bitcoin holdings last week, but at a greatly reduced pace from recent previous purchases. The leading bitcoin treasury company last week added 1,031 bitcoins for a total price of $76.6 million, or $74,326 per coin. Strategy’s total holdings now stand at 762,099 BTC, acquired for approximately $57.69 billion,

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Traders Are Crushed As Trump Social Media Post Triggers Massive $415 Million Crypto Pissaw

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Crypto market traders were whipped on both sides on Monday afternoon with over $400 million in liquidations across long and short positions in the last 4 hours. Bitcoin rose from $67,500 to over $71,200 on Monday afternoon after US President Donald Trump posted on Truth Social that he had instructed the Pentagon to delay any

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BlackRock is betting billions that tokenized funds will do for Wall Street what the Internet did for email

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BlackRock Chairman and CEO Larry Fink used his annual letter to shareholders to argue that digital assets and tokenization could help update the financial system, even as he warned that the US economic model is leaving too many people behind. In the letter, Fink said the current system has delivered most of its gains to

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Bitmine (BMNR) buys 65,341 ETH worth $138 million betting on ends of crypto decline

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Bitmine Immersion Technologies (BMNR) said on Monday it bought 65,341 ether (ETH) last week, extending a recent surge in purchases as the firm continues to lean into the market downturn. The latest purchase, worth about $138 million at current ETH prices, lifted the firm’s total holdings over 4.66 million tokens, bringing 3.86% of ETH’s circulating

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Michael Saylor’s Strategy (MSTR) Revamps $42 Billion BTC Buying Plans

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Strategy ( MSTR ) has unveiled a $42 billion equity program in the market ( ATM ), split between $21 billion of Class A shares ( MSTR ) and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock, Stretch ( STRC ), according to an 8-K filing. The company also introduced a

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NovaBay Pharmaceutical (NBY) pivots to crypto

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NovaBay Pharmaceuticals (NBY) — a nanocap with a market cap of around $30 million — has rebranded itself as Stablecoin Development Corporation and changed its ticker to SDEV, marking a full shift from healthcare to crypto. This follows a $134 million private placement backed by firms including Framework Ventures and Tether Investments, the company said.

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Backpack Exchange launches BP token with 25% airdrop, no insider allocation

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Backpack Exchange, a Solana-based cryptocurrency trading platform, launched its initial token, BP, on Monday, detailing a token generation event (TGE) that includes a mix of user distribution, lockups and a mechanism tied to company equity. At launch, 25% of the token’s total supply of 1 billion – roughly 250 million BP – will be distributed,

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