This year alone, they’ve pocketed a neat $52 million, with Coinbase swooping in with nearly half of it. Talk about a relationship! 💖 They’ve accumulated more cash than they actually spent during the whirlwind of 2024, and trust me, it was a wild ride. Over $130 million was poured into congressional races to pump up the pro-crypto gang while kicking the anti-crypto brigade to the curb.
In a recent appearance on CNBC’s Squawk Box, Cohen, with a twinkle in his eye, revealed that the company is exploring the use of crypto for payments in its collectibles segment, particularly for trading cards. “There’s an opportunity to buy trading cards and to do so using cryptocurrency,” he mused, adding, “We’ll see how much there is on the actual demand side for that kind of product.”
According to multiple news reports, citing unnamed sources, Blockstream is expected to contribute up to 30,000 Bitcoin to Cantor Equity Partners 1, a special purpose acquisition company (SPAC) that raised $200 million in January. In return, Blockstream would receive shares in the Cantor-backed vehicle, which is set to be renamed BSTR Holdings. 🏦📈
“If ETH breaks bullish and remains bullish against BTC, there is a 99% chance BTC Dominance has topped,” Hyland proclaimed in a mysterious X post on Tuesday, as if casting a spell over the crypto markets.
Apparently, this could all change! Lee suggests that the rise of stablecoins (which could be a euphemism for “money that doesn’t cry in the corner”) and Wall Street’s obsession with tokenizing everything from grandma’s knitting patterns to real-world assets is cranking up demand for ETH. He confidently stated that upsides are coming – whatever that means. 🙄
With the bears sharpening their claws and buyers taking a step back, the question on everyone’s lips is: Could an 8% dip be the next chapter in this grand saga? 🐻💰
The state has formed a new project, the California Breakthrough Project, to explore the wonders of blockchain, AI, and Web3 technologies in the realm of public services. The task force, which has already convened at the headquarters of Ripple in San Francisco, includes major tech companies such as Snap Inc. and Anduril.
Eureka! Behold, Nasdaq’s own Hyperion, who, having cast aside its old moniker of Eyenovia, has indulged in a most lavish purchase—120,726 tokens of Hyperliquid (HYPE), amounting to a staggering $5 million! Per Cointelegraph’s delightful missives, our dear Hyperion is not simply testing the waters; nay, it has dove headfirst into the depths of this peculiar project! 🏊♂️💦
Ethereum’s popularity is skyrocketing in the crypto sphere, establishing itself as a force to be reckoned with. BTCS Inc., in a magnificent display of blockchain fervor, recently snapped up a jaw-dropping 14,522 ETH. One can only imagine the glee of their investors as they proudly parade this new acquisition. In fact, at the time of the purchase, the value of this modest little batch of ETH was a mere $44.15 million. Ah, such a trifling sum!
But here’s the twist – it’s not just Citigroup making a move. JPMorgan, despite Jamie Dimon’s vocal doubts, has also decided to jump in. And you thought the bank that still uses fax machines was immune to modernity? Guess again. The pressure to compete is just too great. Who would want to miss out on this digital gold rush?
