CoreWeave, an AI firm in close partnership with bitcoin miner Core Scientific (CORZ), filed for an initial public offering (IPO) today. The company is expected to raise $4 billion, with a valuation of more than $35 billion. Today’s filing showed the company had seen $1.9 billion in revenue in 2024, resulting in a net loss…
The new chief counsel of the U.S. Securities and Exchange Commission’s (SEC) freshly-created Crypto Task Force is a crypto lawyer. Mike Selig, who was named chief counsel of the task force in a Monday announcement from the SEC, was previously a New York-based partner at white-shoe international law firm Willkie Farr & Gallagher, where he…
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor voiced strong support for President Donald Trump’s proposed strategic crypto reserve, calling it potentially “the greatest economic program of the 21st century.” In an interview on CNBC ON March 3, Saylor dismissed concerns about Bitcoin’s (BTC) volatility and compared potential government acquisitions of the asset to historical territorial…
Metaplanet has acquired an additional 156 Bitcoin (BTC) for approximately $13.4 million. The Japanese investment firm is also exploring a potential listing outside of Japan. Details From the Latest Buy CEO Simon Gerovich announced on X that the BTC was purchased at an average price of about $85,890 per BTC. The latest buy brings its…
At the Bitcoin Conference in Nashville in July, Donald Trump pledged to create a “strategic national bitcoin reserve.” By Sunday morning March 2, that reserve also included ether (ETH), XRP, Solana (SOL) and Cardano (ADA) alongside bitcoin (BTC). Trump’s message on Truth Social said his presidential working group was moving forward on creating the larger-scope…
House Majority Whip Tom Emmer and Congressman Ritchie Torres have announced the formation of the Congressional Crypto Caucus, a bipartisan coalition aimed at advancing pro-crypto legislation in the House of Representatives. The initiative marks a shift toward more coordinated legislative efforts in the digital asset space as lawmakers work to establish regulatory clarity for the…
The crypto market has been boosted after President Trump announced over the weekend that the U.S. is setting up a strategic crypto reserve. Investors went wild, sending coins like Bitcoin and Cardano soaring. Demand for the new Solana Layer-2 project Solaxy also spiked – taking its total presale fundraising past the $24.8 million mark. Trump’s…
Trump’s announcement about a U.S. Crypto Strategic Reserve has sent crypto prices surging. XRP has been one of the biggest beneficiaries, with some traders speculating it could finally break past its 2018 all-time high and hit $10. Cardano also jumped on the news, while BTC Bull Token, a new presale project with a Bitcoin rewards…
White House AI and Crypto Czar David Sacks has confirmed that he sold all his cryptocurrency holdings before taking up his role in the Trump administration. Some of the assets the official previously owned included Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Sack’s Announcement Responding to a Financial Times article shared by journalist George Hammond…
Sunday’s Trump bump in crypto has mostly vanished nearly as quickly as it appeared. In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve. Ether is now actually beneath its pre-Trump level…