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Quick Take The Tokyo-listed firm bought an additional 150 BTC just a few days after it appointed Eric Trump to Strategic Board of Advisors. This brought the company’s total holdings to 3350 BTC.
Quick Take Global crypto investment products broke five consecutive negative weeks to attract net inflows of $644 million last week, according to asset manager CoinShares. Net inflows were recorded every day last week — signaling a “decisive shift in sentiment” toward the asset class, Head of Research James Butterfill said.
Ethereum surged to $2,065 with a 9% weekly gain as whales accumulated $1 billion worth of cryptocurrency in the past week.
Quick Take Strategy has purchased another 6,911 BTC for approximately $584.1 million in cash at an average price of $84,529 per bitcoin — taking it past 500,000 BTC in total holdings. The latest acquisitions were made using proceeds from the sale of its class A common stock, MSTR, and perpetual strike preferred stock, STRK.
Quick Take Arbitrum DAO members have proposed clawing back funds granted to the organization set up to accelerate the gaming ecosystem on the largest Ethereum Layer 2. The authors argue that the GCP “was approved during a period of exceptionally optimistic projections that, in hindsight, proved unsustainable. “
Quick Take Mt. Gox moved $1.01 billion worth of bitcoin on Monday, with bitcoin worth about $927.5 million sent to an unmarked wallet. Large movements in the past have occasionally preceded creditor repayments, which have a deadline set for this October. Mt. Gox still holds 35,583 BTC, Arkham data shows.
US President Donald Trump called TRUMP meme token as “the Greatest of them all”, via Truth Social, sending the price of the token above $12.2 briefly.
- 11:04Justin Sun: Believes JST Will Be the Next Hundredfold TokenJustin Sun stated, "JST (JUST) has completely achieved a fundamental turnaround, and I believe it will become the next hundredfold token. Firstly, JustLend, incubated by JST, has grown into one of the largest lending platforms, with net profits reaching tens of millions of dollars. The recently incubated USDD has also experienced explosive growth, which needs no further explanation. JST has essentially become a combination of Tron’s AAVE and MKR, with annual net profits reaching tens of millions of dollars and continuing to grow. A conservative revenue forecast for next year exceeds $100 million, and its current valuation is very low in comparison. JST will eventually use all profits to buy back and burn JST tokens at the appropriate time."
- 11:03Data: DeFi TVL Exceeds $100 Billion for the First Time Since March, Up 6% This MonthAccording to ChainCatcher, data from Defillama shows that the total DeFi TVL has exceeded $100 billion for the first time since March, rising 6% this month.
- 10:36BNB Chain: Purchased $25,000 MubarakBNB Chain announced that it has completed the third purchase under the BNB Chain Incentive Program, acquiring $25,000 worth of Mubarak.