Video game retailer GameStop has announced a large $1.75 billion convertible senior notes issuing, the latest financial move by the company as it shifts its focus to investing in cryptocurrency. The news arrives a day after the distressed retailer announced its initial Bitcoin purchase, marking a strategic change in how
Connecticut has officially passed the United States’ most restrictive crypto law, barring all state and local governments from holding, purchasing, or accepting cryptocurrencies. House Bill 7082, now enacted as Public Act No. 25-66, received unanimous approval from lawmakers on June 11 and was signed into law on June 10. The
Polygon co-founder Sandeep Nailwal has been appointed as the first CEO of the Polygon Foundation, marking a significant shift away from its decentralized governance model. The decision consolidates executive power under Nailwal, ending years of consensus-led operations. Also, under his leadership, the Foundation aims to fast-track decision-making and refocus the
Following the agreement to restore a truce between the US and Chinese officials, the crypto market saw a rise. The agreement was made after discussions in London in the last two days. Both countries finally agreed to enter the Pre-Liberation status quo. After this deal, the price of Bitcoin once
Ethereum’s derivatives market surged past Bitcoin’s in the last 24 hours, with a trading volume exceeding $107 billion, according to Coinglass data. This 25% daily increase in activity reflects renewed institutional interest, fueled by spot Ethereum exchange-traded funds (ETFs) and a revival in decentralized finance (DeFi). In comparison, Bitcoin derivatives
The policymakers of Ukraine have introduced a draft bill permitting the National Bank of Ukraine to add crypto such as BTC to the country’s reserves. The bill was submitted to the parliament of the nation named Bill 13356. The bill focuses on the amendment to the law on the National
Wall Street most talk about the firm, GameStop, has become an unlikely force in the world of cryptocurrency. The company purchased more than 4,710 Bitcoin, totaling more than half a billion dollars, as part of a broader strategic shift toward digital assets. The shift is part of the company, which
The former CEO of Strategy, Michael Saylor, is optimistic that the crypto market winter will not return. He has also speculated that the increased adoption of BTC and unusual daily supply will take it to $1 million. On June 10, Saylor told Bloomberg that winter is not coming back and
In a major leap forward for Bitcoin and DeFi, Cardano founder Charles Hoskinson has introduced the Cardinal Protocol, the first truly decentralized Bitcoin DeFi platform to launch on Cardano. Built by Input Output HK (IOHK), this new system lets Bitcoin holders wrap their UTXOs and jump into DeFi activities like
Bitcoin (BTC) surged to an intraday peak of $108,592.69 before settling at $108,493.79, marking a 2.02% rise over the last 24 hours. With this climb, its market capitalization has expanded to $2.15 trillion, reflecting a daily gain of 2.03%. Meanwhile, trading volume jumped 37.24% to $50.34 billion, pushing the 24-hour
