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Justin Sun, founder of the Tron blockchain, rang the Nasdaq bell Thursday morning on behalf of Tron Inc. (Nasdaq: TRON), a new entity formed when Sun orchestrated a reverse merger with SRM Entertainment in June 2025. Prior to the deal, SRM was a publicly listed toy manufacturer that supplied products to theme parks such as … Read more
Strategy Inc. dramatically increased its latest preferred stock sale targeting bitcoin purchases to $2 billion from an initially planned $500 million, Bloomberg reported Thursday, citing a person familiar with the matter. The bitcoin-focused treasury firm, led by Michael Saylor, priced its Series A Perpetual Stretch preferred shares (STRC) in New York amid strong investor demand … Read more
Eddie Yue, CEO of the Hong Kong Monetary Authority (HKMA), addressed the need for a cautious approach to the development of stablecoins in Hong Kong, emphasizing the importance of avoiding excessive hype surrounding these emerging financial instruments. In his remarks, Yue highlighted concerns about the gap between theoretical discussions and practical applications, noting that many … Read more
Western Union CEO Devin McGranahan stated in a recent interview that stablecoins should be viewed as an opportunity rather than a threat to the company’s business model. He emphasized that stablecoins can facilitate faster and cheaper cross-border transactions, benefiting both the company and its customers. McGranahan told Bloomberg that while stablecoins cannot be directly spent … Read more
Jack Dorsey’s Block, Inc. (NYSE: XYZ) has announced the initiation of onboarding for its first few sellers on Square to facilitate a new native bitcoin acceptance experience. In a social media post, the company’s executive officer expressed enthusiasm for this development, stating, “boom. today we’re onboarding our first few Square sellers for the new native … Read more
Coinbase co-founder Fred Ehrsam, who launched a brain interface startup last year, announced on Tuesday that the new project, dubbed Nudge, has raised $100 million from two venture firms, Thrive Capital and Greenoaks Capital Partners. Several angel investors also participated in the Series A fundraise. Nudge launched its first product earlier this year, the Nudge … Read more
World Liberty Financial committed $6 million to Vaulta on July 23, 2025, forging a strategic partnership to advance Web3 banking services in the United States. The Trump-linked decentralized finance protocol will integrate Vaulta’s native A token into its Macro Strategy reserve, diversifying its crypto holdings. Conversely, WLFI’s USD1 stablecoin — pegged 1:1 to U.S. dollars … Read more
Chris Dixon, Managing Partner at Andreessen Horowitz (A16z) Crypto, announced that the firm is leading a $15 million seed round in Poseidon, a company focused on building a decentralized data layer to coordinate supply and demand for artificial intelligence (AI) training data. As the availability of high-quality data for training AI models has diminished, Poseidon … Read more
Wisdomtree has officially launched its own stablecoin, USDW, as part of a broader strategy to establish a full-stack stablecoin business catering to both retail and institutional users. USDW, a U.S. dollar-backed stablecoin designed for transactions, is complemented by WTGXX, a tokenized U.S. government money market fund aimed at providing yield. To enhance accessibility, Wisdomtree has … Read more
The FBI has officially dropped its investigation into Kraken founder Jesse Powell and returned dozens of seized devices, including laptops and cellphones, according to Fortune. The investigation, which stemmed from a management dispute with a non-profit organization Powell founded, had no connection to his operations at the cryptocurrency exchange. Powell expressed relief over the conclusion … Read more