Saylor says Strategy unlikely to buy up rivals, as there’s too much uncertainty
Strategy chairman Michael Saylor says his company isn’t interested in acquiring other Bitcoin treasury companies, as doing so is fraught with uncertainty, although he didn’t entirely rule it out. “Generally, we don’t have any plans to pursue M&A [merger and acquisition] activity, even if it would look to be potentially accretive,” Saylor told investors on
Crypto mining, treasury stocks strike gold as Bitcoin booms
Bitcoin’s new all-time high helped lift shares of Bitcoin miners and some crypto treasury companies on Monday, with most ending the trading day with double-digit percentage gains. Argo Blockchain was the biggest global gainer among crypto miners on Monday, rallying over 96% on the London Stock Exchange to 5.3 British pence ($0.07), with its US
Avalanche rises as treasury firm eyes $1B buy after SPAC deal
The price of AVAX, the native token of the Avalanche blockchain, jumped after a newly formed company announced its plans to go public in the US and purchase over $1 billion worth of the token. The company, Avalanche Treasury Co., said on Wednesday that it would merge with the special purpose acquisition company (SPAC) Mountain
Bitget exec sees ‘no logical reason’ for an altcoin season this cycle
The crypto markets are unlikely to see an altcoin season where “everything will go up,” as many traders are now focused on narrower trends or are just focusing solely on Bitcoin, according to the operating chief of Bitget, one of the world’s biggest crypto exchanges. “I don’t think there will be an altseason,” Vugar Usi
Bitwise files for spot Hyperliquid ETF amid perp DEX wars
Asset manager Bitwise has filed to launch an exchange-traded fund that holds and tracks the token tied to the crypto perpetual futures protocol and blockchain Hyperliquid. The company is bidding to launch the Bitwise Hyperliquid ETF, according to a regulatory filing on Thursday. It would directly hold Hyperliquid (HYPE), a token that gives discounts on
Australia drafts law to tighten oversight of crypto exchanges
Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges. Assistant Treasurer Daniel Mulino told a crypto conference on Thursday local time that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March. “This is a
Buterin says AI-run crypto governance a ‘bad idea’ due to jailbreaks
Ethereum co-founder Vitalik Buterin has warned against crypto projects using artificial intelligence for their governance process, as malicious actors could exploit the technology. “If you use an AI to allocate funding for contributions, people WILL put a jailbreak plus ‘gimme all the money’ in as many places as they can,” Buterin said in a Saturday
Sky joins bidding war to launch Hyperliquid’s USDH stablecoin
Crypto protocol Sky has become the fifth crypto project to launch a bid to help the decentralized perps exchange Hyperliquid launch and issue a stablecoin. Sky co-founder Rune Christensen on Monday posted his project’s proposal to back Hyperliquid’s USDH stablecoin, offering up Sky’s resources and promising a customizable token with a yield rivaling US treasury