Genius Group, a Singapore-based artificial intelligence education company, expanded its corporate Bitcoin treasury by more than 50% amid increasing institutional adoption of the world’s first cryptocurrency. Despite a previous ban on the Nasdaq-listed firm’s corporate accumulation, Genius Group increased its Bitcoin (BTC) treasury by 52%, acquiring an additional 34 BTC during the past month. This brings…
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Former Celsius CEO Alex Mashinsky has agreed not to claim any assets from the Celsius bankruptcy proceeds. In a motion filed on Monday, the United States Bankruptcy Court for the Southern District of New York stated that an agreement has been reached between Celsius debtors and Alex Mashinsky, AM Ventures Holdings Inc., Koala1 LLC and…
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BitMEX founder Arthur Hayes warns that an incoming wave of new stablecoin companies will try to follow Circle’s successful public offering, but are more likely doomed to fail. In a post on Monday, Hayes cautioned that while Circle’s IPO marks the beginning of “stablecoin mania,” most new public stablecoin companies will be overvalued and fail.…
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Venture capital firm Paradigm has filed an amicus brief in support of Tornado Cash co-founder Roman Storm, arguing the jury needs to be properly briefed on the law’s definition of what operating a money-transmitting business involves. Jury needs the full context of the law In its amicus brief, filed in a New York District court…
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The median cost of mining a single Bitcoin is estimated to have climbed above $70,000 in the second quarter as miners navigate a rise in network hashrate and energy prices. According to a report on Monday from Bitcoin mining research firm TheMinerMag, the median cost of producing Bitcoin (BTC) already rose from $52,000 in the…
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Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran. Trump has reportedly requested that the National Security Council be prepared in the White House Situation Room as he returned early from…
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Coinbase is facing backlash from crypto users after sponsoring the 250th anniversary celebration of the US Army in Washington, D.C. In a June 16 X post, Adam Cochran, a partner at venture capital firm Cinneamhain Venture, said he would be exiting his positions at Coinbase — stocks, bonds, and moving crypto assets — following the…
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Key takeaways: Bitcoin (BTC) reclaimed $108,000 on Monday after retesting the $104,000 support level over the weekend. The gains came as conflict broke out in the Middle East and investors scaled back expectations for interest rate cuts in the United States, signaling stronger confidence in Bitcoin’s upside potential. Traders’ sentiment remained steady despite the worsening…
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Key points: Bitcoin made a decisive break above $106,000, setting the stage for a possible retest of the all-time high at $111,980. Most major altcoins remain in a range, but HYPE has resumed its uptrend. Bitcoin (BTC) started the week on a bullish note, rising above $107,500. Although the price is trading just below the…
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Key takeaways: Brad Mills forecasts a 100X Bitcoin rally driven by institutional adoption, halving-induced scarcity, and retail-focused technology developments. The US Strategic Bitcoin Reserve, initiated with 200,000 BTC, marks a policy shift toward long-term government-held Bitcoin monetary policy. Bitcoin (BTC) maximalist Brad Mills predicts that the market is at the dawn of a “SaylorCycle,” a…
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