New Trump-backed SPAC deal creates Trump Media Group CRO Strategy, funded by $1 billion in CRO tokens, cash, warrants and a $5 billion credit line from Yorkville affiliate.
Helen Partz
Helen Partz is a veteran cryptocurrency journalist who has been reporting for Coinpectra since 2017, when she published her first article on the platform. Over the years, she has consistently covered major developments in the crypto space, with a focus on Bitcoin, exchange-traded funds (ETFs), self-custody, stablecoins, digital payments and global regulatory trends. She holds a diploma in linguistics education and approaches her writing with a focus on making complicated crypto topics easy to understand for everyday readers around the globe. Helen has no crypto holdings above Coinpectra’s disclosure threshold of $1,000.
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Trump Media to set up CRO Strategy in $6.42B deal with Crypto.com - News
Crypto ETPs post $1.4B losses amid recent Bitcoin, Ether sell-offs Crypto ETPs saw their biggest losses since March as outflows totaled $1.43 billion amid investor sentiment becoming "polarized," CoinShares' James Butterfill reported.
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Strategy buys $357M in Bitcoin as price drops to $112K Michael Saylor’s Strategy announced a $356.9 million Bitcoin purchase last week, bringing total BTC buys in August to just 3,666 BTC.
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Grayscale seeks SEC approval for spot Avalanche ETF under AVAX ticker The Avalanche ETF filing marks another step in Grayscale’s expanding suite of crypto investment products, following XRP and DOGE filings earlier this year.
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Japan’s SBI forms new blockchain ties with Circle, Ripple and Startale SBI partners with Circle, Ripple and Startale to launch stablecoin ventures and a tokenized asset trading platform in Japan.
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EU exploring Ethereum, Solana for digital euro launch: FT The EU is exploring Ethereum and Solana for its digital euro, marking a shift toward public blockchains over private models like China’s CBDC, according to the FT.
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Kerberus acquires Pocket Universe to build crypto antivirus Following the Pocket Universe acquisition, Kerberus plans to build a dedicated antivirus for crypto to protect users from increasing malware attacks.
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Gemini receives MiCA license in Malta after May derivatives approval The Winklevoss twins-owned Gemini exchange continues its expansion in Europe, securing a Markets in Crypto-Assets Regulation license in Malta.
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China weighs yuan-backed stablecoins in major policy shift: Reuters China’s cabinet will review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, sources told Reuters.
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Bitcoin, Ether ETFs post almost $1B outflows as prices slide Spot Bitcoin ETF outflows jumped over 300% to $533 million on Tuesday, while Ether ETFs doubled their losses to $422 million, adding to a three-day streak of withdrawals.
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SharpLink purchases $667M in Ether at near record prices SharpLink bought $667 million in Ether at near-record highs, lifting its holdings to $3.2 billion as institutional ETH accumulation accelerates.
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Wyoming launches Visa-supported FRNT stablecoin on 7 blockchains Wyoming announced the mainnet launch of the Frontier Stable Token stablecoin, becoming one of the first US states to issue a stablecoin.
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Ether ETFs post $197M outflows on Monday, second-largest ever Spot Ether ETFs saw almost $200 million in outflows on Monday amid increased unstaking and investor interest shifting from Bitcoin to ETH.
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Strategy adds $51M in Bitcoin as price hit $124K ahead of sharp dip Strategy bought $51.4 million in Bitcoin last week as BTC surged to all-time highs above $124,000 on Wednesday, only to dip to $115,000 on Sunday.
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Ether ETFs smash records as crypto products see $3.75B inflows Ether continued dominating ETP inflows last week despite Bitcoin printing new highs above $124,000 and ETH only nearing all-time highs.
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Czech police arrest darknet founder in $45M Bitcoin donation case Czech police have reportedly arrested darknet founder Tomas Jirikovsky in a $45 million Bitcoin bribery case tied to former Justice Minister Pavel Blazek’s resignation.
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BtcTurk halts withdrawals amid suspected $48M crypto hack BtcTurk halted deposits and withdrawals, citing a “technical issue” with hot wallets, while trading and local currency withdrawals and deposits remained active.
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US spot Ether ETFs see 2nd-biggest inflows on record as ETH nears new high Spot Ether ETFs printed the second-largest daily inflows on record at $729 million on Wednesday, following the record $1.02 billion that poured into ETH funds on Monday.
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BitGo backs Central Asia’s first spot Bitcoin ETF in Kazakhstan The growing role of platforms like BitGo in spot Bitcoin products worldwide is a double-edged sword, according to market observers.
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USDC issuer Circle to launch new layer-1 Arc blockchain this year USDC issuer Circle introduced its layer-1 blockchain, Arc, and said its Q2 revenue and reserve income increased 53% year-over-year.
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ARK Invest buys $19M of Jack Dorsey’s Block as stock tumbles to $73 ARK Invest’s latest Block purchase is its first in months, signaling a potential shift in the company’s investment strategy.
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Strategy adds $18M in Bitcoin on fifth anniversary of BTC strategy Michael Saylor’s Strategy added another $18 million in Bitcoin last week to mark the fifth anniversary of its BTC buying strategy, bringing its total holdings to 628,946 BTC.
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Crypto ETP inflows hit $572M as Bitcoin and Ether rebound Ether ETPs continued to lead the market last week, attracting the biggest inflows among other crypto assets at almost $270 million.
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UK regulator lifts ban on crypto ETNs for retail investors After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail.
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Ray Dalio sells final Bridgewater stake after predicting debt collapse While continuing to voice economic warnings, Bridgewater founder Ray Dalio recently increased his recommended allocation to Bitcoin and gold to 15%.
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Deutsche Bank-backed EURAU stablecoin launch: Key things to know AllUnity’s EURAU stablecoin launches as euro-denominated stablecoins account for just 0.2% of the stablecoin market despite surging 60% since late 2024.
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CoinDCX employee arrested in connection with $44M crypto hack: Report CoinDCX operator Neblio reportedly filed a complaint against software engineer Rahul Agarwal after discovering that his credentials had been compromised through his work laptop.
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Ripple’s Schwartz defends low XRPL volume, says banks settle offchain Ripple claims hundreds of bank partners, but with a 30%–40% drop in XRPL activity and institutional use concentrated offchain, transparency concerns persist.
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Indonesia raises taxes on crypto exchange sales and miners Indonesia’s Finance Ministry raised taxes for crypto miners and sellers, while exempting some crypto transactions from VAT.
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China’s JD.com registers ‘Jcoin’ ahead of Hong Kong stablecoin regime China’s JD.com announced plans for a Hong Kong dollar stablecoin last summer and is now expected to be among the first issuers under HKMA’s stablecoin regime.