Digital asset infrastructure firm Bit Digital has announced a major pivot from Bitcoin to Ethereum with an acquisition of over 100,000 ETH for its corporate treasury.  The purchase was  financed through a $172 million public offering and the sale of 280 BTC, signaling growing institutional conviction in Ethereum’s long-term potential.  Post announcement, Bit Digital’s stock surged over 29%, pushing its market capitalization back above the $1 billion mark. According to the company, Bit Digital now holds 100,603 ETH, making it the second largest publicly traded Ethereum holder after Coinbase Global. The firm had previously reported holding 24,434 ETH as of…

The first Solana staking exchange-traded fund (ETF) in the United States had a strong first day. It brought in $12 million from investors, which is a good sign for crypto ETFs that offer staking rewards. The REX-Osprey Solana Staking ETF started trading on Wednesday on the Cboe BZX Exchange. On its first day, it had $33 million in trading volume and $12 million in inflows, according to Bloomberg ETF expert Eric Balchunas. This ETF, with the trading symbol SSK, lets people invest directly in Solana (SOL) and earn rewards from staking. It is the first crypto staking ETF to be…

Ethereum may soon become faster and more efficient, thanks to a new proposal by core developer Barnabé Monnot.  The proposal suggests reducing block creation time from 12 seconds to 6 seconds. This plan comes just in time for Ethereum’s upcoming Glamsterdam upgrade, scheduled for 2026. The proposal, known as Ethereum Improvement Proposal (EIP) 7782, was discussed on June 21 where Monnot highlighted that reducing block times would speed up transaction confirmations, enhance user experience, and make decentralized finance (DeFi) apps more responsive. “Shorter slot times improve confirmation services and increase Ethereum’s value as a settlement layer.” Barnabé Monnot Why Do…

Japanese investment firm Metaplanet has further expanded its holdings by acquiring an additional $1.18 million worth of Bitcoin. The new purchase, made amid a broader market dip, highlights Metaplanets continued commitment to Bitcoin as part of its treasury strategy.  The announcement, made Friday via the Tokyo Stock Exchange, revealed that the newly purchased Bitcoin was acquired at an average price of approximately $95,869 per BTC, and further propels Metaplanet’s Bitcoin reserve.  The company’s Bitcoin reserve now stands at 11,111 BTC, valued at approximately $1.2 B at current prices. The Tokyo listed company began its BTC accumulation in April 2024 but has…

TikTok has denied allegations that its owners are involved in purchasing the “Official Trump” ($TRUMP) memecoin, following claims from the U.S. Representative Brad Sherman that the company was behind a $300 million crypto buy linked to President Donald Trump. The Chinese owned social media platform responded publicly on Thursday via its official TikTok Policy account on X rejecting Sherman’s assertion as “false and irresponsible.” “Congressman, claiming that the owners of TikTok are buying “Trump Coins” is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month”, the post read.  Sherman, a California Democrat and vocal…

Crypto platform Tron has reportedly secured  a reverse merger with a Nasdaq-listed firm and is set to become a publicly traded company in the United States.  The move is reported following a pause in a U.S. federal probe into its founder and entrepreneur Justin Sun. Reports say Tron entered into a definitive agreement with an unnamed U.S.listed shell company. The reverse merger is expected to be finalized later this year, pending regulatory and shareholder approval. Meanwhile, Tron will go public without the initial public offering (IPO) process.  Known as one of the largest decentralized platforms, Tron gained popularity for its…

Self-proclaimed financial guru and controversial internet personality Andrew Tate has been exposed after on-chain data exposed nearly $600,000 in trading losses. This is despite his recent social media post boasting of a big win. On Tuesday, Tate took to X (formerly Twitter) in a post now-deleted  to flaunt a +138.5% return on a leveraged Ethereum (ETH) long position executed on Hyperliquid, a fast-growing decentralized perpetuals exchange (DEX).  The post included a branded screenshot of the trade and a referral link intended to capitalize on his followers and drive signups to earn affiliate commissions. However, the transparency that defines decentralized finance…