Trump Media Has $2.3B in Bitcoin Buying Power After Closing Capital Raise
The company said it will use proceeds to add bitcoin to its balance sheet, an increasingly popular move among publicly-traded firms.
Breaking News
Sui’s Biggest Liquidity Provider, Cetus, Hit By $260M Hack; Sui-Based Tokens Plummet 90%
Cetus is Sui’s biggest liquidity provider and decentralized exchange.
Senate Advances Stablecoin Bill, Clearing the Way for Final Passage
At least 60 Senators voted in favor of the GENIUS Act on Monday night.
Bitcoin Tops $100K for First Time in 3 Months; Are Upside Targets Too Low?
The price has jumped 33% in a few weeks after plunging to $75,000 in the days following President Trump’s early April Liberation Day tariff announcement.
Fed Holds Rates Steady, Says Risks of Higher Unemployment, Higher Inflation Have Risen
All eyes will now turn to Fed Chair Jerome Powell’s post-meeting press conference for further clues about the central bank’s thinking on monetary policy.
Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear
“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” said Powell of the effect of the Trump tariffs.
President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi
The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler
Former SEC Commissioner Paul Atkins will be sworn in as the agency’s next chair and will oversee future regulation for the crypto sector.
GameStop Raising $1.3B Via Convertible Debt to Buy Bitcoin
The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet.
GameStop to Add Bitcoin to Balance Sheet
Company CEO Ryan Cohen had teased possible purchases weeks ago, notably sharing a photo of himself and Strategy’s Michael Saylor at a Mar-a-Lago event