GoPlus has released a token repurchase update, revealing that it has executed the first batch of GPS token repurchases. To date, approximately 34,906,177 GPS tokens have been accumulated. The repurchase process is underway, and all purchased tokens will be burned together after the repurchase is completed.
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NASDAQ-listed company and e-commerce platform operator Treasure Global Inc. (NASDAQ: TGL) announced the launch of a $100 million digital asset pool program to strengthen its digital infrastructure and support the launch of an AI consumer intelligence platform. The program consists of two parts: $50 million from existing equity financing agreements and $50 million from strategic institutional investors. The funds will be allocated in phases to blockchain-native assets such as Bitcoin, Ethereum an...
Lookonchain posted data on social media that since May 11, BlackRock's Ethereum spot ETFETHA has accumulated 214,000 ETH holdings, worth about $560 million, while the price of ETH has been trading sideways between $2,500 and $2,700 during this period.
The initial public offering (IPO) of stablecoin giant Circle is said to be priced above the market price range. Circle's IPO is said to be more than 25 times oversubscribed.
Venture capital firm Paradigm has led a $5.20 million seed round of funding for crypto credit startup 3Jane, which aims to build the "first credit-based money market" to bring unsecured credit to the digital asset space.
Crypto exchange Rails announced that it has completed a new round of funding of $14 million this week, led by Slow Ventures, Kraken, CMCC Global, Quantstamp and Round13 Capital participated. Rails also received about $6.20 million in seed funding, which currently exceeds $20 million.
Nasdaq-listed company and holographic technology service provider MicroCloud Hologram Inc. announced that it has purchased up to $200 million in bitcoin and cryptocurrency-related securities derivatives. As of June 3, the cumulative ROI has reached $19.08 million. HOLO currently holds $303 million in cash reserves. The company plans to use the $303 million reserves for derivatives and technology research and development in cutting-edge fields such as bitcoin-related blockchain, quantum computing...
US Senator Elizabeth Warren posted on social media that the Republicans stuffed the crypto wallet exemption into the GENIUS Act at the last minute, and now the Trump family is planning to launch a crypto wallet. She will propose an amendment to close the loophole, and the bill will not pass without serious anti-corruption measures.
In its latest market outlook analysis, Sygnum Bank pointed out that the supply of bitcoin in circulation has decreased by about 30% in the past 18 months, resulting in a significant decrease in market liquidity. Analysts said that with the increase in ETF inflows and the increase in governments' interest in bitcoin reserves, the market could face a "demand shock", a situation where the number of buyers far exceeds the amount of coins available.
In addition, the turmoil in the U.S. Treasury marke...