Quick Summary: Backpack has launched its BP token on Solana, distributing 25% of the 1 billion supply to users with no insider allocation at launch. Backpack has launched its native BP token on the Solana blockchain, distributing a quarter of the total supply directly to users through an airdrop. The total token supply stands at 1 billion, meaning 250 million tokens have been allocated to the community at inception. Notably, no portion of the supply was set aside for insiders at the time of launch.The remaining 75% of the token supply is subject to long-term lockup conditions rather than being…
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Quick Summary: Spanish authorities have detained a suspect in Benalmádena in connection with the 2025 kidnapping and torture of Ledger co-founder David Balland. Spain’s Civil Guard has detained a suspect in the southern town of Benalmádena, in the province of Málaga, in connection with the kidnapping and torture of Ledger co-founder David Balland. The arrest was carried out under a European arrest warrant issued by France, marking a significant cross-border development in one of Europe’s most prominent crypto-linked abduction cases. The suspect is accused of participating in an attack in which the perpetrators demanded a ransom of 10 million euros,…
Quick Summary: Over $400 million in crypto positions were liquidated in four hours as conflicting U.S.-Iran headlines sent Bitcoin surging then retreating. More than $400 million in cryptocurrency positions were wiped out within a four-hour window on Monday as traders were caught off guard by rapidly shifting headlines surrounding tensions between the United States and Iran. The episode highlighted the acute sensitivity of digital asset markets to geopolitical developments, particularly when leveraged positions are involved. The speed and scale of the liquidations drew attention across financial markets.Bitcoin briefly climbed from approximately $67,500 to above $71,200 after Donald Trump claimed he…
Quick Summary: Bitcoin remains range-bound after pulling back from $75,000, though a brief spike above $71,000 followed news of a U.S.-Iran talks pause. Bitcoin has spent roughly a month trading sideways after retreating from a recent peak above $75,000, with the leading cryptocurrency’s price action reflecting a cautious broader market. Data from CoinGecko shows the asset dipped to a weekly low of $68,500, underscoring the choppy conditions currently gripping the market. Sentiment was further weighed down by $177 million in outflows from crypto-sector exchange-traded funds recorded the previous week.Despite the near-term turbulence, Bitcoin has demonstrated notable resilience over a longer…
Quick Summary: Crypto ETPs recorded $230 million in inflows last week, extending a four-week streak but falling sharply from the prior week’s $1.06 billion. Crypto exchange-traded products continued their run of positive inflows last week, though momentum weakened considerably. CoinShares reported that crypto ETPs attracted $230 million in net inflows, extending a positive streak to four consecutive weeks. However, the figure represented a steep decline from the $1.06 billion recorded the previous week. The period also saw $405 million in outflows following the Federal Open Market Committee meeting.CoinShares head of research James Butterfill attributed the slowdown primarily to how markets…
Quick Summary: A proposed deal would triple H100’s bitcoin holdings to around 3,500 BTC, making it Europe’s largest listed bitcoin treasury firm. H100 is pursuing a deal that would dramatically expand its bitcoin reserves, with a proposed transaction set to triple its current holdings to approximately 3,500 BTC. If completed, the move would position the company as the largest listed bitcoin treasury firm in Europe. The scale of the acquisition represents a significant strategic shift for the firm.The transaction is structured as a bitcoin-for-bitcoin exchange, meaning the deal is conducted directly in bitcoin rather than through conventional currency. This structure…
Quick Summary: Bitmine purchased 65,341 ETH worth approximately $138 million last week, bringing its total holdings to over 4.66 million tokens. Bitmine acquired 65,341 ETH last week in a purchase valued at approximately $138 million at current prices, signaling a continued commitment to its cryptocurrency accumulation strategy. The move represents a significant doubling down on the firm’s existing approach to digital asset investment. The purchase adds to what has become a substantial crypto portfolio for the company.Following the transaction, Bitmine now holds more than 4.66 million tokens in total. The firm also reported an increase in its cash reserves, which…
Quick Summary: Strategy acquired 1,031 Bitcoin for $76.6 million last week, a notably smaller buy than its two previous weekly purchases, funded through Class A common stock sales. Strategy, the world’s largest publicly traded holder of Bitcoin, has added 1,031 BTC to its reserves at a total cost of $76.6 million, according to an 8-K filing submitted to the US Securities and Exchange Commission on Monday. The coins were purchased at an average price of $74,326 each, coming in below the company’s overall average acquisition cost of $75,694 per coin. Bitcoin’s average daily closing price for the week of March…
Quick Summary: Crypto token Siren has risen 340% in a week, with analysts warning that 88% of its circulating supply may be held by a single entity. Crypto token Siren has surged more than 340% over the past week, climbing from $0.63 on March 16 to $2.81 at the time of writing, according to CoinGecko data. Over the past month, the token recorded an even steeper rise of nearly 1,300% from $0.22. The rally has attracted growing scrutiny from analysts who say a significant portion of the token’s circulating supply appears to be concentrated among a small number of wallets.…
Quick Summary: Strategy bought 1,031 BTC for $76.6 million last week, a sharp decline from billion-dollar purchases made in the prior two weeks. Strategy acquired 1,031 BTC for approximately $76.6 million last week, representing a notable slowdown in the company’s bitcoin buying activity. This figure stands in stark contrast to the purchases made over the preceding two weeks, each of which exceeded $1 billion. The reduced spending signals a shift in the pace of the firm’s ongoing accumulation strategy.With this latest purchase, Strategy’s total bitcoin holdings have reached 762,099 BTC. The company acquired these coins at an average cost of…
