Sharplink Buys $62.4M of ETH in Three Days
Crypto treasury company Sharplink, which resumed buying Ether last week after an eight-month pause, has bought a total of $62.4 million worth of Ether since Thursday. Onchain data from Arkham shows that after Sharplink bought 5,000 ETH on Thursday , it bought another 5,000 ETH (worth $7.9 million) on Friday, followed by 29,196 ETH (worth
Bitcoin UTXO Signal Suggests Bear Market Bottom
Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms. The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest level this bear market cycle, said CryptoQuant analyst known as Darkfost on Saturday. This
Solana Rallies to $72 as Tokenized Stocks Boom — Sustainability Doubtful
Key takeaways: SOL’s rebound to $72 shows bullish futures and airdrop hopes, but falling TVL and low DEX volumes point to fragile onchain demand. Tokenized stocks spark hype on Solana, yet Pump.fun dependence and Hyperliquid competition threaten sustained SOL momentum. Solana native token SOL jumped to $72 on Friday, distancing itself from the $64 lows
BitGo Cuts 15% of Staff to Prioritize Stablecoins and AI
Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence. “Today I'm sharing a hard decision: we are reducing our workforce by nearly 15%,” BitGo co-founder and CEO Mike Belshe posted to X on Thursday.
Kalshi Seeks Funding at $40 Billion Valuation
US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May. The company could close the new funding round as soon as the third quarter of this year, the Financial Times reported on Wednesday, citing people familiar with the matter. Kalshi
CFTC Sues Kentucky to Block State Action Against Prediction Markets
The US Commodity Futures Trading Commission filed a lawsuit against Kentucky on Tuesday after the state sued prediction market operators last week, accusing them of operating unlicensed and illegal gambling platforms. The lawsuit, filed in federal court, seeks to block Kentucky’s legal action against five prediction markets filed on Wednesday last week, calling for declaratory
Bitcoin Funding Spikes; $70K Breakout Looks Unlikely
Key takeaways: The Bitcoin funding rate climbed to 7%, showing confidence, but spot ETF outflows keep a $70,000 breakout on hold for now. Strong order-book bids and lower oil prices helped, but weakness across stocks, bonds, and gold signals a preference for cash. Bitcoin (BTC) flirted with the $65,500 level on Monday after US Vice
Bitcoin Holds Near $64K Amid Hormuz Closure and US Threats
Bitcoin (BTC) returned to $64,000 on Sunday amid concerns over unreliable BTC price strength. Key points: Bitcoin brushes off US-Iran tensions despite the Strait of Hormuz being closed. A trader calls BTC price behavior "suspicious" as a result, while targets see maximum upside reaching $66,000. Binance sell-side pressure remains substantial. BTC price ignores new Hormuz
Jaredfromsubway.eth MEV Bot Drained of $7.5M
One of the most successful MEV bots in crypto, Jaredfromsubway.eth, has been drained for more than $7.5 million, with an attacker exploiting the bot’s automated systems, the same ones that have netted it hundreds of millions over the years. According to Blockaid, the incident on Saturday resulted from attacker-controlled contracts tricking Jaredfromsubway.eth’s automated MEV (maximal
Sonic Token Drops 5% After Three Board Members Resign
The S token, the native utility asset behind the Sonic blockchain, fell 5% on Friday after Sonic Labs, formerly known as the Fantom Foundation, announced the resignation of three former executives from its board. The S token fell to 0.031 on Friday, down 5% over 24 hours. The resignations include Michael Kong, a former CEO