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Cryptography News
Bitcoinmagazine
1w
357
Figma Reveals $70M Bitcoin ETF Holdings, Plans to Buy $30M More
- Design platform Figma disclosed in an SEC filing that it holds $70 million in Bitcoin ETFs and plans to purchase an additional $30 million.
- The disclosure was part of Figma's S-1 filing as it aims to go public. As of March 31, 2025, it had $69.5 million in Bitcoin ETFs out of a total of $1.54 billion in cash, cash equivalents, and marketable securities.
- Figma's board approved a $55.0 million investment in a Bitcoin ETF operated by Bitwise, Inc, and later sanctioned an additional $30 million investment in Bitcoin. The $30 million was initially invested in USDC with plans to convert it to Bitcoin.
- While noting the ETF's volatility, Figma reported unrealized gains of $23.8 million in equity investments for 2024 but recognized $9.3 million in unrealized losses for Q1 2025. It also recorded interest income of $63.7 million in 2024 and $15.5 million in Q1 2025 from its financial holdings.
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Coindoo
1w
148
Image Credit: Coindoo
South Korea Moves Toward Blockchain Payments with Avalanche Deal
- Travel Wallet and Avalanche are partnering to develop a Korean won-pegged stablecoin for domestic and international use, focusing on programmable money capabilities.
- The collaboration aims to create a payment system blending blockchain efficiency with fiat stability, targeting retail and corporate transactions, online ecosystems, and physical point-of-sale systems.
- South Korea's leadership is supportive of deeper crypto integration, with plans for spot crypto ETFs and stablecoin oversight. The partnership signifies a significant step in South Korea's stablecoin narrative.
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Coindoo
1w
97
Image Credit: Coindoo
Is BlockDAG on the Path to $1? Whales Accumulate as Its Record-Breaking Presale Accelerates!
- BlockDAG (BDAG) has raised over $326 million, sold 23.4 billion coins, and gained support from 2 million mobile miners, positioning itself as a strong Layer 1 project.
- Whales are accumulating BDAG, indicating serious interest in the project with large-scale holders grabbing coins at the $0.0016 limited-time offer in anticipation of a significant return.
- BlockDAG's $326 million raise solely from retail investors sets it apart, making it the most successful crypto presale of 2025 and one of the largest ever, showcasing trust and adequate funds for growth.
- With significant funds, active user base, and promising features, BlockDAG aims to achieve a $1 valuation, backed by a hybrid model, high TPS, strong ecosystem moves, and strategic branding initiatives.
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Coinjournal
1w
199
Image Credit: Coinjournal
SEC approves Grayscale’s conversion of BTC, ETH, SOL, XRP fund into an ETF
- The U.S. Securities and Exchange Commission has approved Grayscale's Digital Large Cap Fund conversion into a spot ETF.
- The fund contains Bitcoin, Ethereum, XRP, Solana, and Cardano, with experts anticipating approvals for multiple crypto spot ETFs.
- This decision reflects the SEC's increasing acceptance of regulated cryptocurrency investment products and investors' demand for exposure.
- The approval will allow Grayscale's fund to trade on NYSE Arca and sets the stage for potential approvals of more crypto spot ETFs by the SEC in the near future.
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Coindoo
1w
370
Image Credit: Coindoo
Bitcoin Nearing $110K Could Trigger Major Bear Liquidations, Analysts Warn
- Analysts warn that Bitcoin nearing $110K could trigger major bear liquidations as indicated by market liquidity heatmaps showing dense clusters above current price levels.
- Bitcoin has a history of deceptive price moves, leading to liquidity traps just before significant breakouts or sharp declines, catching traders off guard.
- Aggregated heatmaps pinpoint areas of potential liquidations in orange and red, suggesting high short exposure, which could lead to swift buybacks from liquidated bears if prices surge.
- Traders are on the lookout for a breakout below key resistance levels, anticipating automated liquidations and FOMO-driven buying to potentially accelerate Bitcoin's upward momentum.
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22 Likes
Bitcoinmagazine
1w
374
DDC Enterprise Finalizes $528 Million Financing to Accelerate Bitcoin Treasury Strategy
- DDC Enterprise Limited secured a $528 million financing deal to bolster its corporate Bitcoin strategy.
- The funding, led by Anson Funds with participation from other investors, is one of the largest Bitcoin-focused capital raises by a NYSE-listed company.
- The financing includes components like a PIPE investment, convertible notes, and an equity line of credit to acquire more Bitcoin.
- This move positions DDC Enterprise as a significant player in the Bitcoin space while maintaining its food business operations.
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Changelly
1w
195
Image Credit: Changelly
What Are Rollups in Crypto?
- Rollups are layer-2 protocols on Ethereum improving speed and lowering costs.
- They process transactions off-chain and post results back onto Layer 1 for finalization.
- Optimistic and ZK are main types, increasing transactions and reducing gas fees.
- Rollups make Ethereum scale without compromising decentralization, offering efficient solutions for users.
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Changelly
1w
127
Image Credit: Changelly
Optimistic vs. ZK Rollups: Which Layer 2 Is Right for You?
- Ethereum moves to Layer 2 for faster, cheaper transactions with rollups like ZK, Optimistic.
- ZK proves transactions are valid without revealing all, while optimistic assumes validity.
- ZK offers better privacy, lower costs, faster finality; Optimistic is easier to deploy.
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7 Likes
Changelly
1w
29
Image Credit: Changelly
What Is an Optimistic Rollup? A Deep Dive
- Optimistic Rollups reduce congestion on Ethereum during busy hours, providing smoother transactions.
- They move computation off-chain and offer a more affordable user experience.
- The protocol batches transactions, relies on challengers to dispute, and speeds up execution.
- Optimistic Rollups enhance scalability and lower costs while maintaining Ethereum's security guarantees.
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Changelly
1w
106
Image Credit: Changelly
ZK Rollups: What They Are and Why You Should Care
- ZK rollups are a layer 2 scaling solution for blockchains, processing transactions off-chain.
- They use zero-knowledge proofs to ensure validity, reducing costs and increasing speed.
- ZK rollups like zkSync, StarkNet, and Polygon zkEVM offer efficient and secure scaling.
- These solutions empower DeFi, NFTs, gaming, and identity applications on Ethereum.
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6 Likes
Coindoo
1w
102
Image Credit: Coindoo
Dollar’s Worst Start in 50 Years Sparks Optimism for Bitcoin and Gold
- The dollar is experiencing its worst start in 50 years, attributed to political uncertainty, rising national debt, and pressure on the Federal Reserve.
- Investor concerns over trade policy and the potential return of Trump-era tariffs are further contributing to the dollar's slump.
- As confidence in the dollar weakens, global capital seems to be shifting towards assets like gold surpassing $3,300 per ounce and Bitcoin gaining traction as a hedge against fiat instability.
- With growing interest in Bitcoin from institutions and governments, digital assets are being seen as part of a diversified inflation-protection strategy amidst dovish central bank policies.
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6 Likes
Bitcoinmagazine
1w
306
Eric Trump’s American Bitcoin Raises $220 Million in Private Stock Sale To Buy More BTC
- Hut 8 Corp.'s subsidiary, American Bitcoin Corp., raised $220 million in a private stock sale to buy more Bitcoin.
- The sale included over 11 million shares of Class A common stock, with $10 million worth of shares purchased using Bitcoin.
- The funding will be used to increase the company's Bitcoin reserves and acquire additional mining equipment.
- American Bitcoin Corp. plans to go public through a reverse merger with Gryphon Digital Mining and commence trading on Nasdaq under the ticker ABTC.
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18 Likes
Coindoo
1w
34
Image Credit: Coindoo
Strategy Reports $4.4B Bitcoin Profit, Boosts Holdings to Nearly 600K BTC
- Strategy reported a 7.8% yield, increasing its Bitcoin holdings to 597,325 BTC, valued at almost $64 billion.
- The company recently purchased an additional 4,980 BTC worth over $500 million, with a year-to-date Bitcoin yield of 19.7%.
- Strategy made headlines by acquiring 10,100 BTC in a $1 billion deal and showed active treasury management with a significant 7,383 BTC wallet transfer.
- Japan's Metaplanet is emulating Strategy by adding 1,005 BTC this week, aiming to reach 210,000 BTC by 2027 through securities offerings.
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2 Likes
Coindoo
1w
357
Image Credit: Coindoo
XRP’s Activity Soars & HYPE Drops 20%: BlockDAG Raises $326.5M as Buyer Battles Drive Loyalty & Community Growth!
- XRP's on-chain activity is rising ahead of major updates, signaling a potential breakout year. HYPE faces a 20% price drop, eyeing a rebound as support levels are tested.
- BlockDAG (BDAG) prioritizes community loyalty over short-term excitement, using innovative strategies like Buyer Battles to engage users. The project has raised $326.5 million in presale, emphasizing long-term growth.
- XRP is gaining attention for its growing user adoption and upcoming developments, including an Ethereum-compatible sidechain launch. Speculation around a spot ETF approval adds to the coin's potential gains.
- BlockDAG's Buyer Battles mechanism is not just a marketing tactic but a loyalty-building strategy, rewarding top buyers and fostering community engagement. The project's focus on lasting ecosystem development sets it apart in the current crypto landscape.
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21 Likes
Coindoo
1w
106
Image Credit: Coindoo
Senate Passes Trump’s ‘Big, Beautiful Bill’—Why It Matters for Bitcoin
- The Senate passed Trump's economic package with Vice President JD Vance's tie-breaking vote, advancing the bill with significant implications for Bitcoin and cryptocurrencies.
- The bill comprises sweeping tax reforms benefiting various sectors, including no federal taxes on tips and overtime, elimination of taxes on Social Security income for seniors, and expanded deductions for small businesses.
- For Bitcoin investors, the bill could lead to increased consumer spending, positive tax changes, and growing Republican support for digital assets, aligning with Trump's recent campaign promises regarding crypto.
- Although the bill may stimulate crypto markets with more disposable income, some analysts caution about potential negative impacts on federal deficit, Treasury yields, and risk assets like crypto.
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6 Likes
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