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Bitcoin Archive· 2025-09-18 14:24
Franklin Templeton Head of Digital Assets says Bitcoin and crypto are growing faster than the internet 🔥 https://t.co/biFF7ea4k4 ...
Trump Jr.-Linked Thumzup Stock Sinks 7.7% After $2M Dogecoin Bet
Yahoo Finance· 2025-09-18 13:32
Core Viewpoint - Thumzup Media Corporation is significantly increasing its involvement in cryptocurrencies, particularly Dogecoin, through investments and mining operations, despite a recent decline in its stock price [1][3]. Group 1: Investment in Dogecoin - Thumzup disclosed a $2 million investment in Dogecoin, acquiring approximately 7.5 million tokens at an average price of $0.2665 [1]. - The company's stock fell 7.7% to $4.61 following the announcement but recovered 4.5% in after-hours trading [3]. Group 2: Expansion into Dogecoin Mining - Thumzup is preparing to expand into large-scale Dogecoin mining with the acquisition of Dogehash Technologies, which operates around 2,500 Scrypt ASIC miners [2][4]. - The company plans to deploy 3,500 mining rigs by the end of the year and expects to add another 1,000 rigs by 2025 [3][4]. Group 3: Leadership and Strategic Appointments - Thumzup appointed Jordan Jefferson, CEO of DogeOS, to its Crypto Advisory Board, indicating a commitment to enhancing its digital asset strategy [5][6]. - Jefferson's experience in blockchain development since 2011 is expected to bolster Thumzup's efforts in increasing the utility of Dogecoin [5][6]. Group 4: Company Transformation - Thumzup has transitioned from a social media marketing firm to a crypto-focused company since its founding in 2020 [6]. - The company launched a crypto treasury in January with a $1 million investment in Bitcoin and has since diversified its holdings [7].
BITW: Diving Into Digital Assets
Seeking Alpha· 2025-09-18 12:43
In today's article, we will analyze the Bitwise 10 Crypto Index Fund ( OTC:BITW ) trust, belonging to the digital asset firm Bitwise. Although many call it an “ETF,” the BITW is not technically an ETF to this day. ItAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other tha ...
Waton Financial Limited Forms Crypto Advisory Board to Accelerate its Strategic Expansion into Digital Assets
Globenewswire· 2025-09-18 12:30
Core Viewpoint - Waton Financial Limited is expanding into the cryptocurrency sector by forming a Crypto Advisory Board to guide its strategic initiatives and enhance its position in the digital asset ecosystem [1][2]. Group 1: Advisory Board Formation - The newly established Crypto Advisory Board will oversee all cryptocurrency initiatives, including the development of a crypto reserve and institutional-grade solutions for clients [2]. - The Advisory Board aims to maintain high standards of innovation, transparency, and compliance in digital asset operations, with plans to add more industry experts as the company's crypto strategy evolves [2][3]. Group 2: Leadership Appointment - Arben Kane has been appointed as the first member of the Advisory Board, bringing expertise from his previous roles in blockchain infrastructure and Web3 investment strategies [3]. - His experience in cryptocurrency treasury management and decentralized finance is expected to help the company unlock new revenue streams and enhance its competitive advantage in digital asset markets [3][4]. Group 3: Strategic Goals - The company aims to develop proprietary AI agent technology and establish a robust digital infrastructure to create a unique competitive advantage in the digital asset space [4]. - With the enhanced regulatory capabilities following the approval of its Type 1 license upgrade, the company is positioned to participate in virtual asset trading platforms and crypto-related offerings in Hong Kong [2][4].
SharpLink Announces Participation in Upcoming Digital Assets Conferences
Globenewswire· 2025-09-18 12:00
Company Overview - SharpLink Gaming, Inc. is one of the world's largest corporate holders of Ether (ETH) and a significant advocate for Ethereum adoption [1][2] - The company is headquartered in Minneapolis, Minnesota, and has adopted ETH as its primary treasury reserve asset, aligning itself with the future of digital capital [2] Recent Developments - SharpLink has launched a dynamic ETH dashboard to enhance transparency and investor engagement, providing market data, ETH concentration, and other relevant metrics related to its ETH treasury [3] - The company is actively participating in various digital assets conferences, including DATCON 2025 and Korea Blockchain Week 2025, to engage with investors and industry stakeholders [1][6] Industry Position - SharpLink is reimagining the future of online gaming by building scalable, secure, and transparent solutions that challenge outdated models and enhance user experience [4]
SEC Backs Nasdaq, CBOE, NYSE Push to Simplify Crypto ETF Rules
Yahoo Finance· 2025-09-18 04:40
Core Insights - The US SEC has approved new listing rules for major exchanges, facilitating the launch of crypto spot exchange-traded funds (ETFs) [1][4] - The new framework allows asset managers and exchanges to meet specific criteria without lengthy case-by-case reviews, significantly speeding up the process from filing to launch [2][5] - Analysts predict a surge in new crypto products, particularly those tracking Solana and XRP, which have been pending for over a year [3][6] Group 1 - The SEC's approval reflects a commitment to reduce barriers and foster innovation while maintaining investor protections, indicating a shift in US policy towards digital assets [4][8] - The streamlined rules could apply to any cryptocurrency with at least six months of futures trading on the Coinbase Derivatives Exchange, potentially qualifying over a dozen tokens for listing [6] - The SEC has also approved the Grayscale Digital Large Cap Fund, which tracks the CoinDesk 5 Index, expanding the range of crypto-linked derivatives available in regulated US markets [7]
SEC paves way for crypto spot ETFs with new listing rules
Yahoo Finance· 2025-09-18 00:12
By Suzanne McGee (Reuters) -The Securities and Exchange Commission voted on Wednesday to approve proposed rule changes by three national securities exchanges, enabling them to adopt generic listing standards for new cryptocurrency and other spot commodity exchange-traded products. The commission vote removes the last remaining hurdle to dozens of new spot ETFs tied to cryptocurrencies ranging from solana to dogecoin. In July, the SEC issued an order spelling out the details of the listing standards, whic ...
SEC Makes Spot Crypto ETF Listing Process Easier, Approves Grayscale's Large-Cap Crypto Fund
Yahoo Finance· 2025-09-17 23:03
The U.S. Securities and Exchange Commission (SEC) on Wednesday approved a set of rules for exchanges to list exchange-traded products (ETPs) holding spot commodities, including cryptocurrencies, without requiring the agency’s individual review each time. The decision will enable exchanges to proceed with the listing of proposed ETFs by sidestepping the often-lengthy 19(b) rule filing process that can take up to 240 days and requires the SEC to actively approve or disapprove an ETF. Essentially, the proces ...
Bullish Reports Second Quarter 2025 Results
Prnewswire· 2025-09-17 21:52
Core Insights - Bullish reported strong financial results for Q2 2025, highlighting growth in liquidity services and successful execution of a Consensus conference, contributing to positive momentum heading into Q3 2025 [2][5] - The company received the New York DFS Bitlicense, enhancing its regulatory standing and facilitating entry into the U.S. market in Q4 2025 [5][6] Financial Performance - Digital asset sales reached $58.6 billion, up from $49.6 billion year-over-year, with net income of $108.3 million compared to a loss of $116.4 million in Q2 2024 [5][6] - Adjusted revenue was $57.0 million, a decrease from $60.7 million, while adjusted EBITDA was $8.1 million, down from $14.7 million [6] - Trading volume increased to $179.6 billion from $133.0 billion, with average daily volume rising to 1.974 billion from 1.462 billion [6] Business Highlights - Subscription, Services and Other (SS&O) revenue grew to $32.9 million, reflecting a 61.4% sequential increase and 27.4% year-over-year growth [5][6] - CoinDesk Indices reported $41 billion in assets under management, marking an increase of over $9 billion from Q1 2025 [5][6] - The company signed multi-year agreements with partners like Igloo Inc., showcasing successful cross-selling strategies [5][6] Future Guidance - For Q3 2025, Bullish anticipates adjusted revenue between $69.0 million and $76.0 million, with adjusted EBITDA expected to range from $25.0 million to $28.0 million [5][7]
Eric Trump Says ‘Weaponized’ Banks Pushed Him to Embrace Bitcoin Adoption
Yahoo Finance· 2025-09-17 19:59
Group 1 - Eric Trump attributes his entry into the crypto industry to the closure of his family's bank accounts by large financial institutions, which he claims were politically motivated [1][2] - The experience is described as the "weaponization of the financial industry," highlighting inefficiencies in the current financial system [3] - This disillusionment led to the establishment of American Bitcoin, a company focused on acquiring and holding Bitcoin [4] Group 2 - American Bitcoin operates as a "Bitcoin accumulator," utilizing mining operations to acquire Bitcoin at a discount [5] - The support for crypto from political figures has sparked speculation about potential market rallies linked to favorable economic policies [6] - Trump views Bitcoin as a "perfect hedge" for illiquid investments, contrasting it with the lengthy process of selling real estate [7] Group 3 - The tokenization of real-world assets is a growing sector, with Polygon leading the market, recently surpassing $1.1 billion in total value locked [8] - Trump's advocacy for digital assets positions them as a necessary alternative to the traditional financial system, which can be weaponized against individuals or organizations [9]