News

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.