Category: News

Livepeer’s native token, LPT, has seen an impressive surge. In June, it jumped 150% to a four-month high of $14.20.

However, the price has now dropped 40% from that recent peak.

Behind Livepeer’s Strong Comeback in June?

First, the rally gained momentum after LPT was listed on major platforms, including South Korea’s Upbit exchange and the decentralized exchange dYdX.

In addition, Grayscale included Livepeer in its newly created Crypto Artificial Intelligence (AI) sector. This inclusion signals recognition of Livepeer’s potential to disrupt traditional video infrastructure by integrating AI.

The listing news sent LPT’s daily trading volume soaring to over $4 billion on May 30—more than 10 times the previous average. This marked its highest daily volume so far this year.

At the time of writing, LPT’s trading volume still exceeds $1 billion. According to CoinMarketCap, it has surpassed Virtual Protocol to become the highest-volume AI token on the market, which indicates strong interest from traders.

However, LPT’s price has since dropped sharply, down 40% from its $14.30 peak to around $8.50. This suggests that the surge in volume, paired with the price drop, may reflect profit-taking activity.

It also implies that investor expectations could be short-term.

At press time, LPT was trading at $8.51, up over 10% in the past 24 hours.

Whales have taken advantage of increased liquidity and price gains to realize profits. On-chain data today shows that a whale withdrew 526,000 LPT (worth $4.81 million) from LPT’s PoS staking contract and transferred the funds to Binance.

Although selling pressure is mounting, some technical analysts believe the price could rebound from the $7 region.

“LPT eyes on this one, should hold the green zone for a potential bounce to yearly open 14.5$,” crypto analyst Muneeb predicted.

Livepeer Faces Challenges as AI Tokens Struggle to Recover

Livepeer has a clear mission: to revolutionize video infrastructure by leveraging AI. Its real-time video processing capabilities and a decentralized approach to GPU usage place it at the forefront of innovation.

Launched in 2021, Livepeer raised $51.8 million—well before the current AI boom. In 2025, the project is returning with renewed momentum, fueled by exchange listings and increasing attention from funds interested in AI technology.

“Livepeer is building the open video infrastructure for the AI era. Real-time AI video processing, decentralized GPUs, and a permissionless network powering new creative and technical frontiers,” the project states.

But this renewed spotlight also brings challenges. Despite the recent gains, LPT faces headwinds as the broader AI crypto sector has declined by over 45% year-to-date. This downturn highlights the volatile nature of the market and the risks associated with investing in AI-related cryptocurrencies.

Listing on exchanges and inclusion in key indices may bring short-term attention. However, Livepeer must overcome current market challenges and prove real-world use cases beyond the crypto ecosystem for sustainable growth.

The post AI Token Livepeer (LPT) Soars 150%, Then Drops 40% – What’s Driving the Volatility? appeared first on BeInCrypto.

Cardano (ADA) has recently experienced a significant decline, bringing the altcoin to near its monthly low. The potential end of its Golden Cross has raised concerns, as it could signal further bearish price action for the cryptocurrency. 

Despite these factors, long-term holders (LTHs) may help prevent a severe downturn by maintaining their positions.

Cardano Ends Its Golden Cross Short

The current market sentiment for Cardano points to the potential formation of a Death Cross. This happens when the 50-day exponential moving average (EMA) slips below the 200-day EMA. 

If confirmed, it will mark the end of the ongoing Golden Cross, which has only lasted for three weeks. This short-lived Golden Cross is even shorter than the previous Death Cross, which lasted for over a month.

The relatively brief Golden Cross has left traders with a sense of uncertainty. A reversal in trend may trigger more sell-offs, amplifying the downward momentum. Therefore, Cardano’s price is in a critical phase, with any further bearish developments likely causing a deeper correction.

On the macro level, the Mean Coin Age (MCA) shows signs of an uptick, indicating that long-term holders (LTHs) are holding steady instead of selling. This behavior is crucial for stabilizing Cardano’s price, as LTHs typically resist selling in the face of short-term volatility. Their commitment to holding ADA strengthens the support levels, which could cushion the impact of the bearish trends from the broader market.

The resilience of LTHs provides an important counterbalance to the negative signals emerging from technical indicators. As long as LTHs maintain their positions, it’s possible that Cardano can withstand some of the bearish pressure and limit the downside risk. 

ADA Price Could Bounce Back

Cardano’s current price is at $0.67, holding above the crucial support of $0.66. If the price fails to maintain this support, ADA could experience a further drop, possibly testing the $0.60 level. The loss of this key support could pave the way for additional losses, extending the ongoing downtrend.

The potential formation of the Death Cross would likely exacerbate the situation, bringing ADA to a month-and-a-half low. In such a scenario, the pressure on Cardano could intensify, making a recovery more difficult. Should the technical indicators align with broader market conditions, the risk of further declines increases significantly.

On the other hand, if Cardano price can hold above $0.66 and bounce back, a rise above $0.69 is possible. A successful breach of this level would position ADA for a push toward $0.74, potentially invalidating the bearish thesis. LTHs’ support and a reversal in the broader market could fuel this recovery.

The post Cardano Golden Cross Ends In Under A Month; Price Drop Ahead appeared first on BeInCrypto.

US President Donald Trump is reportedly launching a new crypto wallet in partnership with Magic Eden. Apparently, users will also be eligible to partake in a $1 million airdrop of TRUMP tokens.

There aren’t many specific details about this project available, but Magic Eden confirmed its involvement. Trump has a long-running interest in the NFT market, launching new ones last month, which could explain this choice.

Trump to Launch New Crypto Wallet

President Trump is currently engaged in several crypto ventures, recently holding a Gala Dinner and pledging to purchase huge amounts of Bitcoin.

Today, it seems like TRUMP will be at the center of his next venture, a new crypto wallet launched through a partnership with Magic Eden.

Share your referral link and you can move up on the waitlist and get $TRUMP REWARDS https://t.co/PVCQ6YXQ5v

— Magic Eden (@MagicEden) June 3, 2025

Magic Eden, a Solana-based NFT marketplace, might seem like an unusual choice for this partnership. A weakening NFT market has had a severe impact on its business, but the President has an interest in this sector.

Trump recently included NFT rewards in his Gala Dinner package, potentially explaining Magic Eden’s help making the wallet.

Unfortunately, we don’t have even the most basic information about the TRUMP wallet yet, including topics like KYC information, security, custody structure, etc. For now, interested users can join the waitlist in the hope of future developments.

The waitlist doesn’t have a clear end date, but it encourages users to buy TRUMP tokens. The meme coin has seen increased sell-offs since the dinner concluded a few weeks ago. Yet, today’s wallet announcement brought a brief spike.

All this may be bullish for TRUMP, but the President’s crypto-related business ventures are still quite controversial. Senators are investigating his various projects for possible foreign ties or other corruption, but his empire keeps growing regardless.

The latest crypto wallet will likely bring more political scrutiny, specifically from the Democrats. Yet, the US president seems committed to furthering his meme coin venture.

The post Donald Trump is Launching a Crypto Wallet with TRUMP Airdrop Rewards appeared first on BeInCrypto.

Recent breakthroughs in quantum computing have raised alarms for Bitcoin investors, prompting fears of a potential market collapse. But would a quantum computing leap actually send Bitcoin’s price spiraling to zero?

By mid-2025, the nearest realistic timeline to a threat remains 2030–2035. Around that time, we might see a wave of specialized machines, cloud services, and new operating-software layers. However, you won’t see desktop quantum machines any more than you see classical supercomputers in your living room.

The Quantum Threat to Bitcoin is Real – But Exaggerated

Quantum computing has advanced significantly by June 2025. Google’s new 105-qubit Willow processor and Microsoft’s Majorana 1 chip demonstrate significant progress towards stable quantum computing.

Yet, despite these leaps, quantum computers capable of cracking Bitcoin’s cryptography remain years away. 

Experts estimate that quantum systems must reach around 1,500 to 3,000 stable, error-corrected qubits to pose a direct threat to Bitcoin security.

Now, quantum computers work differently from today’s classical computers. They’re not just faster but can solve certain complex problems—like cryptographic puzzles—almost instantly. 

Concerningly, Bitcoin, like most cryptocurrencies, relies heavily on cryptography to secure transactions and wallets.

So, if a quantum breakthrough happened suddenly, Bitcoin addresses using older encryption methods would be instantly vulnerable. This also includes Satoshi Nakamoto’s dormant wallet with nearly 1.1 million BTC.

Serious question to the Bitcoin community: What do we do here when quantum computing becomes good enough to “steal” these tokens?

Will there be enough consensus to migrate over to a quantum proof algo?

Is there progress along those fronts already? https://t.co/Co1i7ZGIWo

— askar.eth (@0xAskar) May 27, 2025

Approximately 25% of all Bitcoin resides in reused addresses. That would leave billions of dollars potentially exposed.

In the short term, this scenario would trigger panic selling. Extreme panic might even see Bitcoin’s price plummet by as much as 30% to 50% within days.

However, this wouldn’t necessarily mean Bitcoin hits zero. Developers would likely respond quickly by upgrading the network to quantum-resistant cryptographic standards. 

This emergency response could involve migrating to newer, secure addresses and implementing quantum-safe encryption methods. 

Some of my thoughts on Quantum Computing & Bitcoin in response to a client’s inquiry:

“Quantum computing presents a theoretical risk to Bitcoin, just as it does to banks and much of today’s internet infrastructure. The main concern is Bitcoin’s use of elliptic curve signatures…

— matthew sigel, recovering CFA (@matthew_sigel) June 2, 2025

Decentralization is the Key Shield

Transitioning to quantum-resistant technology isn’t straightforward. It requires substantial coordination across miners, exchanges, and wallet providers. 

Still, Bitcoin’s decentralized nature gives it flexibility, enabling the community to swiftly roll out necessary updates.

Longer-term recovery depends on the crypto community’s agility. If successfully upgraded, Bitcoin’s value could stabilize and recover from initial shocks, preserving investor confidence.

So, quantum computing threats, though real, aren’t immediate. 

Am I worried about quantum computing breaking Bitcoin?

Not anymore than I’m worried about AI wiping out all jobs and society descending into chaos as a result.

Or quantum computing breaking encryption that secures online banking and military infrastructure.

What happens to the…

— Stack Hodler (@stackhodler) May 27, 2025

Most importantly, experts project a realistic quantum threat timeline around 2030–2035. It gives the crypto community crucial time to plan and implement protective measures.

In short, while a quantum computing breakthrough tomorrow would seriously disrupt Bitcoin’s market temporarily, it’s unlikely to wipe out its value completely. 

The post Will Bitcoin Price Drop to Zero If Quantum Breakthrough Happens Tomorrow? appeared first on BeInCrypto.

Pump.fun is preparing to launch its own token, with plans to raise as much as $1 billion in initial sales. According to some reports, the sale could value the project’s token at around $4 billion.

The token will be offered to both private and public investors. Reports suggest the sale could take place within the next two weeks, although no official date has been announced.

BeInCrypto earlier reported that the launch could take the form of either an airdrop or a Liquidity Bootstrapping Pool (LBP). Each option comes with trade-offs, but the project has not yet disclosed which route it will take.

Speculation around the launch intensified today after Bybit renamed a previously listed token. The token, originally called ‘PUMP’, was tied to PumpBTC, a liquid staking protocol for Babylon. 

Bybit changed the ticker to ‘PUMPBTC’, leaving ‘PUMP’ available.

Bybit has renamed the ticker for PumpBTC from $PUMP to $PUMPBTC.

This change is exclusive to Bybit and does not affect listings on other exchanges.

Trading under $PUMPBTC resumed at 8:00 UTC, June 4https://t.co/bJgDkMLREw

— PumpBTC (@Pumpbtcxyz) June 3, 2025

This move triggered fresh discussion within the crypto community, with many pointing to a likely token launch by the Solana-based platform. That speculation has now been confirmed.

Pump.fun has not released further technical or tokenomic details yet. 

This is a developing story, and more information is expected in the coming days.

The post Pump.fun Confirms Plans for PUMP Token Launch Aiming to Raise $1 Billion appeared first on BeInCrypto.

Since Binance listed USD1, the stablecoin’s transaction volume has increased tenfold. BNB Chain is also supporting USD1, onboarding new on-chain partners to promote ecosystem utility.

World Liberty Financial (WLFI) is also taking steps to bring USD1 closer to meme coin traders. Still, there are lingering concerns about the stablecoin’s extreme level of token centralization.

USD1 Transactions Spike Thanks to Binance

President Trump is engaged in several crypto ventures, and the USD1 stablecoin has been attracting a lot of interest lately. The Binance listing in late May immediately boosted trade volume, but the full significance didn’t immediately materialize.

However, a new report from Kaiko shows just how far USD1 transaction levels have increased in recent weeks:

Clearly, despite a few controversies, World Liberty Financial’s stablecoin is doing quite well. Since the Binance listing, WLFI introduced USD1 restaking, and that’s not the only measure to enhance activity.

BNB Chain has been taking several measures to boost USD1’s transaction volumes, and it described a few of them today.

$USD1 (@worldlibertyfi) is gaining momentum on BNB Chain!

From top CEXs and wallets to onchain apps, more partners are joining the movement to support fast, gas-free stablecoin transfers pic.twitter.com/j9vxHWVBlp

— BNB Chain (@BNBCHAIN) June 3, 2025

This active support from BNB Chain shows Binance’s sustained interest in USD1. By onboarding diverse on-chain partners like wallets, CEXs, and on-chain apps, the firm is helping World Liberty pursue its ambition of creating an important payment stablecoin.

This may signal increased affinity between the two firms in the future.

WLFI, of course, has also been launching initiatives of its own. The firm recently promoted meme coin trading with USD1 on PancakeSwap, further incentivizing users to keep this transaction activity elevated.

By integrating USD1 with the meme coin sector, it’ll increase traders’ exposure to this growing stablecoin project.

Currently, WLFI has more than enough supply to support these transactions; USD1’s market cap is over $2 billion. Still, the firm has attracted some criticism about its tokenomics.

Specifically, it is extremely centralized. More than 93% of USD1’s market cap is held by three wallets, a truly staggering level of concentration.

Still, all things considered, things are looking reasonably bullish. WLFI has already teased major airdrops, which would give the firm an opportunity to reduce this centralization.

If USD1 transaction volumes keep climbing at this rate, it could become a major player in the broader stablecoin ecosystem.

The post USD1 Transactions Surge 10x, But Supply Remains Highly Concentrated appeared first on BeInCrypto.

Vanadi, a Spanish coffee chain, is planning to invest more than $1.1 billion in Bitcoin as part of its new reserve strategy. This is part of a growing trend in corporate boardrooms worldwide.

The firm isn’t planning to use BTC to supplement its income but rather to fully become a Bitcoin-first entity. After losing money in 2024, Chairman Salvador Martí is taking a gamble on Web3.

Vanadi Coffee to Buy Bitcoin

MicroStrategy was the first company to build a major Bitcoin stockpile, but it’s become a major trend in recent months. Diverse businesses from Chinese logistics firms to French soccer teams are buying BTC, and a new contender is joining.

Local media recently reported that Vanadi Coffee SA, a Spanish firm, is going to invest $1.1 billion in Bitcoin.

Some major firms have employed Bitcoin reserves to augment a diversified portfolio, but that isn’t Vanadi’s aim. Board Chairman Salvador Martí is planning to fully reorient its posture from coffee to Bitcoin, similar to MicroStrategy. The firm’s next board meeting is on June 29, and Martí clearly described turning Vanadi into a BTC-first company.

“I ask the board for authorization to implement the Bitcoin accumulation strategy with a maximum of 1 billion euros ($1.1 billion USD) and carte blanche to negotiate one or more lines of convertible financing to finance the implementation of the strategy,” Martí reportedly claimed.

Martí’s plan follows MicroStrategy in several clear ways. Much like Michael Saylor, Martí plans to make a huge new offering of Vanadi stock to fund these Bitcoin acquisitions.

He already made the first purchase, buying 5 BTC for roughly $500,000 two weeks ago. This larger commitment caused Vanadi’s stock to jump up, but most of today’s gains later evaporated:

This chaotic stock performance highlights the possible dangers of Vanadi’s pivot to Bitcoin. BTC may be less volatile than usual at the moment, but it can be extremely unpredictable regardless.

Tying a company’s fate to Bitcoin also exposes it to a wide range of new dangers.

Still, Bitcoin might be Vanadi’s best hope. The firm lost $3.7 million in 2024, which is almost $600,000 more than its annual revenue.

Gamestop found itself in a similar situation earlier this year, but its own Bitcoin investment has been paying off well. Since investing in March, Gamestop doubled down to become a major holder. Perhaps Bitcoin will do the same.

The post Spanish Coffee Chain to Follow MicroStrategy with $1 Billion Bitcoin Bet appeared first on BeInCrypto.

Coinbase, one of the leading cryptocurrency exchanges, has officially included Ethena’s native token, ENA, in its listing roadmap.

The announcement led to a modest price increase of 8.6% in ENA during Tuesday’s early Asian trading hours.

Coinbase Adds ENA To Listing Roadmap

In a statement shared via X (formerly Twitter), Coinbase Assets confirmed the inclusion of Ethena (ENA). The post specified that the token’s ERC-20 contract address is 0x57e114B691Db790C35207b2e685D4A43181e6061. 

Assets added to the roadmap today: Ethena (ENA)https://t.co/rRB9d3hSr2

— Coinbase Assets (@CoinbaseAssets) June 2, 2025

Nevertheless, the exchange clarified that the commencement of ENA trading will depend on certain conditions. These include increased market-making support and the development of adequate technical infrastructure. 

Coinbase mentioned it would issue a separate announcement once these requirements are fulfilled, guaranteeing a smooth integration for traders. ENA now joins QCAD (QCAD) in Coinbase’s listing roadmap, although the list is not exhaustive.

“Transfers and trading are not supported for these or any other assets until a listing is officially announced. Depositing these assets into your Coinbase account before an official announcement may lead to permanent loss of funds,” the exchange stated.

Following the news, ENA’s price jumped from $0.312 to as high as $0.338, marking an appreciation of 8.6%. However, the gains generated by this announcement subsided shortly after. BeInCrypto data showed that ENA dropped to $0.329 at the time of writing. 

The trading volume for ENA also surged. It reached $254 million in the last 24 hours, representing a 91.7% increase. This indicated heightened market activity and investor interest.

The activity observed is quite typical of previous Coinbase roadmap announcements, where such news often leads to a price rise. However, despite the general trend, ENA’s gains were relatively modest in comparison to other assets like TokenBot (CLANKER), doginme (DOGINME), or Freysa AI (FAI), which experienced more significant surges after a similar addition.

The timing of Coinbase’s announcement aligns with a critical moment for Ethena. Earlier on Monday, over 40 million ENA tokens, valued at approximately $12 million, were unlocked, raising concerns about a potential sell-off. 

Contrary to expectations, the token held steady. BeInCrypto highlighted that ENA only slipped by 1% in the aftermath of the unlock.

The post Coinbase Adds Ethena (ENA) to Listing Roadmap, Sparking 8.6% Price Surge appeared first on BeInCrypto.

Jerome Powell’s speech at the Fed’s International Finance (IF) Division anniversary conference quietly signaled the central bank’s growing openness to easing monetary policy. This prospective shift has sent Bitcoin (BTC) soaring above $105,000.

Meanwhile, the Federal Reserve (Fed) continues to work against political pressure from President Trump, who advocates for rate cuts. This contention has sparked speculation of Powell’s imminent resignation.

Bitcoin Surges as IF Models Point to Dollar Weakness

Bitcoin surged past $105,000 on Monday, buoyed by growing expectations that the Federal Reserve may be preparing to pivot its monetary policy stance later this year.

The rally followed Federal Reserve Chair Jerome Powell’s speech at the International Finance (IF) Division’s 75th anniversary conference. Powell reiterated the critical role of global data and modeling in shaping US monetary policy in his speech.

However, he did not directly signal any change in interest rates. While Powell’s remarks were framed as a tribute to the IF Division’s legacy, analysts and crypto investors parsed his words for policy clues amid mounting signs of disinflation and economic resilience.

“Understanding this complex and interconnected web is essential for us to anticipate the path of employment and inflation,” Powell said.

Although Powell did not mention easing or rate cuts, he emphasized that IF research is central to the “risks and uncertainty assessment that FOMC committee participants receive in advance of every meeting.”

That line, coupled with the Fed Chair’s comment that the division’s work is “certainly relevant today,” has sparked speculation that the Fed is preparing for a potential dovish shift if current economic trends continue.

Fed’s Global Lens Aligns with Market Tailwinds

The latest Consumer Price Index (CPI) data showed inflation cooling to just 2.3% year-over-year, nearing the Fed’s 2% target. At the same time, US unemployment remains steady at around 4.2%, suggesting the labor market remains resilient.

This combination of disinflation and job stability supports both prongs of the Fed’s dual mandate. Crypto market analyst Kyle Chassé pointed to these dynamics as fuel for risk assets like Bitcoin.

“FED PIVOT INCOMING? The last CPI came in at just +2.3% YoY. Unemployment is steady around 4.2%. Fed officials say if inflation keeps cooling and jobs stay strong, rate cuts are on the table later this year. That’s rocket fuel for Bitcoin,” Chassé posted on X.

Investors also noted that Powell praised the IF division’s development of advanced models for “assessing risks and uncertainties through alternative scenarios.” According to Powell, these are instrumental in understanding the impact of global shocks.

Though not tied to any specific forecast, these capabilities are increasingly viewed by market participants as laying the groundwork for responsive monetary policy in the second half (H2) of 2025.

Is Bitcoin’s Recovery A Bet on Policy Shifts?

Bitcoin’s move above $105,000 reflects broader optimism that the Fed will begin easing before year-end, especially if inflation continues its downward trend.

According to data on the CME FedWatchTool, markets are pricing in a 95.3% probability that the Fed will maintain the current target rate of 4.25-4.50 basis points (bps) at the June 18, 2025, FOMC meeting. Meanwhile, there is a 4.7% chance of a 25 bps cut to 40.0-4.25 bps.

Though the central bank remains cautious in its public language, Powell’s focus on global risk modeling and his acknowledgment of ongoing uncertainty suggest a more data-responsive posture.

“This work is critical to understanding the quantitative implications of uncertainty shocks. Certainly, relevant today,” Powell noted.

For Bitcoin bulls, that relevance could translate into a more accommodative environment in which digital assets benefit from loosening financial conditions, a weakening dollar, and investors seeking alternative stores of value.

While the Fed has not confirmed a pivot, the market is listening closely, with Bitcoin holding well above $105,000.

BeInCrypto data shows BTC was trading for $105,568 as of this writing, up by a modest 0.62% in the last 24 hours.

As Kyle Chassé suggests, a rate cut could spur Bitcoin’s growth. However, the high probability of no change may delay any significant bullish momentum in the near term, likely explaining the modest gains.

The post Bitcoin Reclaims $105,000 After Powell’s IF Speech Fuels Pivot Talk appeared first on BeInCrypto.

Strategy, formerly MicroStrategy (MSTR), has announced plans to issue 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock (STRD) to raise funds to expand its Bitcoin holdings and support working capital.

The company aims to raise approximately $250 million from this initial public offering (IPO), based on an initial liquidation preference of $100 per share. Meanwhile, other firms are also advancing Bitcoin treasury initiatives across the globe.

Strategy Plans Major IPO to Raise Funds for Bitcoin Expansion 

According to Strategy’s official announcement, the offering targets institutional and select non-institutional investors. Holders are eligible for non-cumulative dividends, paid quarterly if declared, at a 10% annual rate.

“Strategy will have the right, at its election, to redeem all, but not less than all, of the STRD Stock, at any time, for cash if the total number of shares of all STRD Stock then outstanding is less than 25% of the total number of shares of STRD Stock originally issued in the offering and in any future offering, taken together,” the statement read.

The offering plan follows Strategy’s latest acquisition of 705 BTC for around $75.1 million yesterday. SaylorTracker data shows that the firm holds 580,955 BTC, valued at over $60 billion.

Strategy’s move comes amid a wave of corporate cryptocurrency adoption. On June 2, Hong Kong-based Reitar Logtech Holdings Limited (RITR), a logistics solutions provider, revealed that it is in advanced negotiations to create a strategic Bitcoin treasury. The initiative aims to purchase up to 15,000 BTC, valued at approximately $1.5 billion.

“Management believes this treasury diversification could provide several strategic benefits including enhanced financial resilience through allocation to a non-correlated digital asset, increased financial flexibility for future strategic acquisitions in logistics technology and automation platforms, and positioning for expansion in high-growth Asian markets where demand for smart logistics infrastructure continues to increase,” the filing read.

Similarly, the Norwegian Block Exchange (NBX) made history as Norway’s first listed company to adopt Bitcoin as a treasury asset. The company has acquired 6 Bitcoin and aims to raise its holdings to 10 BTC by June.

In Russia, Sberbank, the country’s largest bank, launched structured bonds tied to Bitcoin. This product is available to a limited group of qualified investors in the over-the-counter market.

Beyond Bitcoin, other digital assets are also gaining traction. BTCS, a blockchain tech firm, acquired 1,000 ETH, bringing its Ethereum holdings to 13,500 ETH.

“Ethereum remains at the core of our blockchain infrastructure strategy. Our expanding ETH position is not simply a treasury play-it’s a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure,” CEO Charles Allen said.

Meanwhile, Classover, an edtech company, is focusing on building a Solana (SOL) treasury reserve. The company previously bought 6,472 SOL for approximately $1.05 million. 

Now, it has entered into an agreement to issue up to $500 million in senior secured convertible notes, with an initial $11 million funding set to close soon. A significant portion of the proceeds, up to 80%, will be allocated to purchasing SOL. 

These developments reflect a broader shift among corporations to diversify treasury assets with cryptocurrencies.

The post MicroStrategy Plans $250 Million Preferred-Stock IPO to Fuel Fresh Bitcoin Buying Spree appeared first on BeInCrypto.