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Nasdaq-listed biotech firm Sonnet BioTherapeutics is making a bold move into the digital asset space, unveiling plans to launch an $888 million Hyperliquid (HYPE) token treasury under a newly formed entity.
Quick Take Democratic Representative Maxine Waters has once more voiced opposition to the GENIUS and Clarity crypto acts, warning they could unleash fraud. This week, the House is set to consider both bills in what’s being called the “Crypto Week.”
Quick Take Fairshake said it has raised $109 million since the elections in November and $52 million during the first half of this year, in a statement released on Tuesday. Fairshake played a pivotal role during the election season last year as it spent millions backing pro-crypto candidates.
Quick Take Fidelity’s custody arm, National Financial Services, now owns 12.9% of Metaplanet after acquiring 84.4 million shares worth about $820 million, making it the Tokyo firm’s largest shareholder. The stake may strengthen Metaplanet’s push to mirror Strategy, as it pursues a goal of holding 1% of bitcoin’s supply.
Big wallets are moving old BTC into Binance, suggesting the market may be bracing for a correction or leveraged shake-up.