Crypto News
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Japanese Company Sells Ethereum, Solana and XRP While Retaining $121 Million in Bitcoin
A Japanese company sold its Ethereum, Solana and XRP holdings for ¥878.8 million, while keeping $121 million in Bitcoin. Management may use the proceeds beyond cryptocurrency, leaving its portfolio Bitcoin-only.
CryptoSlate
Hyperliquid Treasury Company Raises Token-Buying Target to $2.5 Billion as Share Capacity Shrinks
A Hyperliquid treasury company has raised at least $763.7 million and lifted its token-buying strategy to $2.5 billion. Filings leave up to $236.3 million before discounted share sales hit a Nasdaq cap.
CryptoSlate
Bitcoin Rallies as Fed Official Signals Support for Holding Rates Steady
Bitcoin and stocks rose after Fed Governor Christopher Waller said he could support holding rates steady. The rally triggered roughly $415 million in short liquidations across the crypto market, according to Decrypt.
Decrypt
Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb
Glassnode data shows 68% of Bitcoin’s circulating supply is profitable near $77,381, up from 65% in May. The increase represents roughly 600,000 BTC, valued at about $47 billion, that could be sold at a gain.
CryptoSlate
Memecoin Trading Outpaced Direct Stock Markets on Robinhood Chain
Memecoin pairs involving Robinhood’s tokenized stocks recorded $217 million in volume on Robinhood Chain on Sept. 2, exceeding the $127 million traded in direct stock-token markets, according to data compiled by Adam Tehc.
CryptoSlate
Nearly $10 Million at Risk as Ethereum Layer 2 Prepares to Shut Down
Nearly $10 million could be stranded on an Ethereum layer 2 after deposits were halted and the network announced plans to shut down. CryptoSlate said users must follow differing exit procedures before New Year’s Eve to avoid possible loss.
CryptoSlate
Pentagon AI Official Emil Michael Sold Perplexity Shares, Filings Show
Financial disclosures show Pentagon AI official Emil Michael sold millions of dollars in Perplexity stock during the summer. He previously sold xAI shares in January in a transaction reportedly worth up to $24 million.
Decrypt
TAC blockchain remains frozen after exploit triggers 1.26 billion-token bailout
TAC has remained frozen for more than 10 days after an exploit led to a 1.26 billion-token bailout. A transaction emptied 28.6% of the bonded pool, while 1.66 billion attacker-held TAC remains unresolved.
CryptoSlate