Strategy has strengthened its cash position to $3 billion as JPMorgan has identified the move alongside steady bitcoin futures inflows as positive developments for Bitcoin despite continued volatility in spot ETF demand. Summary JPMorgan said Strategy’s larger cash reserves and steady bitcoin futures inflows support the Bitcoin outlook despite uneven spot ETF flows. Strategy increased…
Another Friday is upon us, bringing another Bitcoin and Ethereum options expiry event as spot markets have made some progress. Around 19,500 Bitcoin options contracts will expire on Friday, July 17, with a notional value of roughly $1.23 billion. This expiry is much smaller than usual events, so it is unlikely to have any…
Balaji Srinivasan has paused further investment in Malaysia and is seeking a formal agreement with the government after authorities investigated his Network School community in Johor’s Forest City. Summary Network School pauses further Malaysia investment while seeking written assurances after authorities investigate residency claims. Malaysian immigration checks found all 266 foreign residents held valid documents,…
Trump Media & Technology Group has unveiled a paid data service that will deliver real-time posts from Truth Social’s highest-ranking accounts to financial firms and news organizations. Summary Trump Media will sell real-time Truth Social posts through a licensed API for financial firms. President Trump’s 12.9 million-follower account gives the paid feed its main market…
This was the exchange’s first-ever institutional funding round. As a result, CRO skyrocketed by 25% in minutes. The 10-year-old cryptocurrency exchange, with a reported user base of tens of millions, announced a strategic $400 million investment from Citadel Securities. The statement from the company stated that its valuation after the funding round was $20…
President Donald Trump has promoted more than 20 companies, including Nvidia, Tesla and Apple, within days of purchasing their shares, according to a CNN investigation. Summary CNN linked Trump’s company promotions to stock purchases made only days earlier. Trump bought up to $500,000 in Nvidia shares before announcing faster AI permits. The findings have added…
Armstrong believes market incentives encourage AI companies to build safe products without the need for an additional regulatory framework. Coinbase CEO Brian Armstrong has rejected calls for a new AI self-regulatory body, arguing that existing laws already provide enough protection against harmful AI. His remarks came just a day after the crypto exchange disclosed…
A White House teleprompter operator has been placed on paid leave after allegedly earning more than $90,000 from Kalshi bets tied to words President Donald Trump would use in his speeches. Summary The CFTC is investigating Gabriel Perez over more than $90,000 in reported Kalshi profits. Kalshi froze most of the gains after flagging bets…
Lionel Messi will play in his second consecutive World Cup final, yet that wasn’t good news for one trader. The FIFA World Cup is arguably the most watched sporting event across the globe, and its high-stakes matches often attract gamblers willing to place substantial wagers. The recent semi-finals, Argentina vs. England and Spain vs….
Cardano has fallen 1.39% to $0.1628 as rising short positions have outweighed whale demand two days before the Van Rossem hard fork. Summary ADA fell to $0.1628 as traders increased short positions before the Van Rossem fork. Cardano whales accumulated ADA despite negative funding rates and rising futures open interest. Liquidity clusters at $0.160 and…
