Author: Max Bauer
Meltem Demirors, a well-known figure in the blockchain industry, is launching her own venture firm, Crucible Capital. According to forms filed with the Securities and Exchange Commission on Tuesday, Crucible Capital is raising two separate funds, aiming for $30 million and $45 million respectively. Demirors, who has amassed significant experience at digital asset investment firm CoinShares and has a strong presence on Crypto Twitter with 263,000 followers, will serve as the managing member of the general partner for Crucible Capital. While the forms indicate that the funds have yet to receive outside capital, this does not necessarily rule out informal…
According to Bloomberg, Bitcoin bull Michael Saylor says he personally owns $1 billion in Bitcoin. In a recent interview, Michael Saylor, CEO of MicroStrategy, revealed his personal ownership of Bitcoin now exceeds $1 billion. This comes as Bitcoin’s price experienced volatility, dipping below the $50,000 mark momentarily. Saylor discussed MicroStrategy’s continuous investment in Bitcoin, mentioning the company’s acquisition of an additional 169 Bitcoins in July for over $11 million. Despite Bitcoin’s recent dip, Saylor emphasized his long-term strategy. “We’re always buying Bitcoin quarter by quarter. It’s a long-term strategy. The most important point for people to understand is that Bitcoin…
BlackRock filed for options trading for Ethereum Spot ETFs, according to SEC documents. You can see the SEC filing here. Option trading for ETFs (exchange-traded funds) involves buying and selling options contracts based on the ETFs’ performance. Options are financial derivatives that give investors the right, but not the obligation, to buy or sell an underlying asset (in this case, Ethereum Spot ETFs) at a specified price before a certain date. Bitcoin and Ethereum will be the only cryptocurrencies traded via exchange-traded funds (ETFs) in the near future, said Samara Cohen, Chief Investment Officer for ETF and Index Investments at…
Shares of Bitcoin miner Core Scientific (CORZ) soared by as much as 17% on Tuesday, outperforming other crypto-linked stocks. This surge followed the company’s announcement of an extension to its existing high-performance computing (HPC) contract with CoreWeave. In a statement, Core Scientific revealed that it had exercised an option from a previous contract to host approximately 112 megawatts (MW) of additional GPUs for CoreWeave, an “AI Hyperscaler” firm. This new extension is projected to generate about $2 billion in additional revenue, bringing the total contract value to $6.7 billion, starting in the first half of 2026. CoreWeave will cover all…
The Starknet Foundation (SNF) has announced a significant leadership transition, with CEO Diego Oliva stepping down from his role. Oliva, who has been with the Foundation since its inception in March 2023, will be succeeded by James Strudwick, currently the Head of Ecosystem Growth. In a statement released on the Foundation’s official blog, SNF praised Oliva for his pivotal role in establishing and growing the organization. Under his leadership, the Foundation expanded from a small team of two part-time employees to over thirty full-time professionals. Oliva was selected as the Foundation’s first CEO for his extensive entrepreneurial experience and his…
In its latest report, Bitfinex revealed that Bitcoin failed to maintain the critical support level of $65,580, leading to a total liquidation of $1.16 billion in the past 24 hours, primarily affecting long positions. Despite a bearish market sentiment and significant declines in both Japanese and US stock markets, Bitfinex anticipates a slight price increase to the $55,000 area. However, the report emphasizes that the overall market trend will heavily depend on broader macroeconomic factors. Recent economic and political developments have created instability across both cryptocurrency and traditional financial markets. The turmoil in the Japanese stock market, coupled with losses…
Circle has announced it will stop supporting USDC on the Flow (Cadence) blockchain, citing an upcoming network upgrade as the reason. The cessation will take effect at 3 a.m. EST on September 3, 2024. According to official news, Circle will halt the minting of USDC on Flow by noon ET on August 27, 2024. The company strongly recommends that Circle Mint customers, retail USDC holders, and non-Circle customers holding USDC on Flow (Cadence) migrate their USDC to other blockchains before the September 3 deadline. On the deadline, Circle plans to freeze all remaining USDC on Flow and take a snapshot…
According to swak_12, an X account that provides leaks from various apps, the “X Payments” feature, which will be the payment system on X, could be available soon. swak_12 supported this in his post with the “Payments” he image of the “Payments” section in the menu. However, there is no official information yet on when this feature will be launched on X.
Capula Management, the fourth largest hedge fund in Europe, has announced a significant boost to its cryptocurrency portfolio with $500 million invested in Bitcoin Exchange-Traded Funds (ETFs). The firm’s Bitcoin ETF holdings are comprised of two major positions: ISHARES BITCOIN, with an investment of $224 million, and FIDELITY WISE ORIGIN BITCOIN, which accounts for $212 million. Founded in 2005 and headquartered in London, Capula Management is renowned for its expertise in macroeconomic and fixed-income investment strategies. The hedge fund has built a reputation for managing complex financial products and employing sophisticated quantitative techniques to drive alpha generation. With a focus…
the U.S. Government transferred 300 ETH from an address marked as “U.S. Government: Noman Seleem Seized Funds (0x6f9).” Initially, 0.04 ETH was moved to the new address 0x38cEd5767F1c16DeeA54c5175e0f23a5DAb1aD46, followed by the remaining 299.956 ETH. This move is believed to be a test transfer. As of now, the government-held addresses contain substantial amounts of cryptocurrency, including 203,239 BTC, 121.734 million USDT, and 50,524 ETH. The transfer of these funds follows a court ruling on May 7, 2024, in which a U.S. court ordered the confiscation of Noman Seleem’s private wallet, which held 300 ETH. This ruling was part of a civil…