Crypto Trader’s Pump n Dump Backfires as QUANT Token Surges
In a bold move, the unidentified trader, reportedly in his early 20s, executed a pump-and-dump scheme during a live broadcast, pocketing $30,000 by selling off his QUANT holdings. Yet, instead of collapsing, the token’s value skyrocketed, driven by an outraged cryptocurrency community that rallied behind QUANT to defy his actions. The Community Strikes Back Initially, […]
Marathon Digital raises $850M in Convertible Notes
The Bitcoin mining firm, headquartered in Fort Lauderdale, Florida, announced Monday its plan to issue $850 million in convertible notes, with the option to expand to $1 billion. Of the expected $833 million in net proceeds, $199 million will go toward repurchasing $212 million of its existing 2026 convertible notes. The remaining funds will be […]
IRS Bitcoin-Seizing MacBook Joins Smithsonian Exhibit
The Department of Justice previously hailed the recovery as its “largest financial seizure ever.” Now, the laptop has been installed in the Smithsonian’s “The Value of Money” gallery, alongside historical artifacts like seashells, tea, stones, and gold, representing pivotal moments in the evolution of money. Ellen Feingold, curator of the National Numismatic Collection, explained that […]
Shaquille O’Neal Settles Lawsuit with Astrals NFT for $11 Million
According to a Monday court filing, O’Neal and associated Astrals entities will provide monetary relief to compensate investors who purchased unregistered securities through the project. The settlement also allocates funds to cover legal fees. Pending court approval, it would bring closure to O’Neal’s NFT-related legal issues, including allegations that he abandoned the project in 2022. […]
MicroStrategy Plans $1.75B Raise for More Bitcoin
The business intelligence and software company disclosed Monday evening that it intends to offer zero-interest senior notes maturing in 2029 to qualified institutional buyers. Proceeds from the offering will fund additional Bitcoin purchases—potentially up to 19,000 BTC—and general corporate purposes. This announcement follows MicroStrategy’s $4.6 billion Bitcoin buy earlier in the day, bringing its total […]
Paul Tudor Jones Doubles Down on Bitcoin ETF
A recent SEC filing reveals that Tudor Investment Corporation held over 4.4 million shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of September 30. This marks a substantial increase from just 869,565 shares in June. Signaling growing confidence in Bitcoin as a hedge against inflation. At the time of reporting, the ETF holdings were […]
Super Champs to Launch CHAMP Token on Base
Super Champs, known for its mobile games Racket Rampage and Bullet League, is expanding its ecosystem with the CHAMP token. This token will serve as the primary currency for purchasing in-game assets like NFTs, cosmetics, and subscriptions. Additionally, CHAMP will be integrated into season-based rewards programs, further deepening player engagement within the franchise. CHAMP: A […]
Michael Saylor’s $100K Bitcoin Party
Bitcoin evangelist Michael Saylor is gearing up to celebrate as he predicts Bitcoin will hit $100,000 by the end of the year. The MicroStrategy founder and staunch Bitcoin advocate shared his optimism in a CNBC interview, tying the recent price surge to the election of crypto-friendly President-elect Donald Trump. Bitcoin currently trades at $88,360 after […]