Announcements

Strategy, the world’s largest corporate holder of Bitcoin, is launching a new type of stock offering to raise additional funds for further investment in the cryptocurrency. Michael Saylor’s Strategy announced plans to conduct an initial public offering of 5 million shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Strategy will use the…

A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether yield, it announced on Monday. It is co-founded by Andrew Keys, a…

Tokenholders of US President Donald Trump-backed crypto project World Liberty Financial (WLFI) have voted to make them tradable, opening the door for the Trump-linked token to increase in value. The proposal submitted by the WLFI team on July 9 closed on Wednesday, with an “overwhelming” 99.94% in favor of the unlock. It will make the platform’s governance token…

US cryptocurrency exchange Coinbase is coming out with its own “super app” after rebranding its Coinbase Wallet as “Base app.” Coinbase unveiled its new “everything app” on Wednesday with a video showing how it will combine a crypto wallet and trading and payment functions with social media and messaging. The new Base app was announced at the…

Binance co-founder Changpeng Zhao’s family office is set to back a new treasury firm that will offer investors exposure to BNB with the aim of going public in the US. YZi Labs said on Wednesday it will support the investment firm 10X Capital in spinning up a BNB treasury company that will pursue a listing…

The native cryptocurrency of The Open Network has retraced 6% from its 24-hour high after United Arab Emirates regulators refuted claims that staking Toncoin (TON) could create a pathway to UAE residency. Toncoin initially shot up 10% to $3.03 on Sunday after The Open Network claimed that applicants staking $100,000 worth of Toncoin for three years make applicants eligible…