DeFi Development Corp has run into a minor setback on its quest to raise $1 billion to buy more Solana after the US Securities and Exchange Commission knocked back its S-3 filing. The Nasdaq-listed firm said in a statement to the SEC on Wednesday that it seeks to withdraw its previous registration statement because the…
Swedish health tech firm H100 Group AB rose 45% on Wednesday after announcing it raised 101 million Swedish krona ($10.6 million) to accelerate the firm’s Bitcoin treasury strategy. H100 closed at 4.64 krona ($0.49) on the Nordic Growth Market stock exchange, bringing its share price growth to 280% since announcing its Bitcoin (BTC) strategy on…
Almost a third of the Bitcoin supply is held and controlled by centralized treasuries, and early adopters hold a disproportionate share, according to recent research by Gemini and Glassnode. Centralized treasuries, including governments, exchange-traded funds, and public companies, now control 30.9% of the circulating supply of Bitcoin (BTC), “signaling a growing shift toward institutional-grade infrastructure,”…
Disney and Universal have sued artificial intelligence firm Midjourney for copyright infringement over its AI-powered image generator. In a legal complaint filed in Los Angeles on Wednesday, the entertainment giants accused Midjourney of using works related to copyrighted characters to train its large language model (LLM) and distributing images of the copyrighted characters. There are…
Bitcoin’s several breakouts past $110,000 this week have pushed bullish market sentiment to a seven-month high, which was last seen during US President Donald Trump’s election win. As of June 11, there are 2.12 positive Bitcoin comments for every negative comment on social media, crypto analytics platform Santiment said in a June 11 X post. …
GameStop (GME) shares fell 11.7% in after-hours trading after announcing a $1.75 billion private convertible senior note offering — extending its debt financing strategy that could fund additional Bitcoin purchases. GME had already slid 5.34% to $28.55 during normal trading hours on Wednesday after GameStop reported a first-quarter revenue fall of 17% in after-hours the…
Key takeaways: Bitcoin onchain data shows a steady depletion of exchange and OTC balances, pointing to long-term accumulation and tightening supply. With BTC open interest near record highs and liquidity drying up, the market is tightly coiled, raising the probability of a sharp move. Bitcoin (BTC) price has consistently risen, even as trading volumes dropped…
Two of the men charged with the kidnapping and torture of a cryptocurrency holder visiting New York City have reportedly pleaded not guilty to all counts. In a Wednesday hearing in the New York Supreme Criminal Court, John Woeltz and William Duplessie pleaded not guilty to kidnapping and false imprisonment of Michael Valentino Teofrasto Carturan,…
Truth for the Commoner (TFTC), a media company that advocates for Bitcoin and sound money principles via a newsletter and podcast, launched the “Opportunity Cost” browser extension on Wednesday, allowing users to view online prices in Bitcoin (BTC) or sats to weigh purchasing decisions. TFTC founder and contributor Marty Bent outlined three main goals of…
Key takeaways: Bitcoin investor sentiment hits a 7-month high, with a bullish pennant forecasting a rally to $115,000. Today’s CPI print and the chance for a lower-than-expected PPI on June 12 could drive BTC price higher. Bitcoin (BTC) price briefly rallied above $110,000 on Wednesday after US Consumer Price Index (CPI) data came in cooler…