09 Jul 2025 | 01:25:14 AM IST
Cryptocurrency News & Live Updates
Synopsis
BioSig Technologies and Streamex aim to raise up to $1.1 billion to implement a gold-backed treasury strategy utilizing Solana blockchain technology.
In a significant move for the cryptocurrency and financial sectors, BioSig Technologies and Streamex are collaborating to raise $1.1 billion for a gold-backed treasury strategy on the Solana blockchain. This initiative aims to integrate real-world assets into the digital realm, potentially transforming the $142 trillion commodities market. Meanwhile, Japanese firm Metaplanet is shifting its focus from merely accumulating Bitcoin to leveraging its holdings as collateral for acquisitions, following a two-phase strategy similar to that of Michael Saylor's corporate BTC strategy. Additionally, the competition for stablecoin licenses in Hong Kong is intensifying, with over 40 companies vying for a limited number of licenses as the regulatory framework prepares to launch. Amidst these developments, Amp crypto is experiencing a downturn, yet whale accumulation suggests a potential rebound, with technical indicators hinting at a bullish reversal. Lastly, Turkey's recent ban on PancakeSwap raises concerns about further regulatory actions against DeFi services, emphasizing the need for compliance among platforms targeting Turkish citizens. These developments highlight the dynamic and rapidly evolving landscape of cryptocurrency and blockchain technology.
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BioSig and Streamex Seek $1.1B for Gold-Backed Strategy
BioSig Technologies and Streamex aim to raise up to $1.1 billion to implement a gold-backed treasury strategy utilizing Solana blockchain technology.
Metaplanet Plans BTC-Backed Acquisition Strategy
Metaplanet, a Japanese Bitcoin treasury firm, is shifting from aggressive BTC accumulation to using its holdings as collateral for acquisitions, aiming to buy profitable businesses.
Over 40 Firms Compete for Hong Kong Stablecoin Licenses
The competition for stablecoin licenses in Hong Kong intensifies, with over 40 companies, including JD.com and Ant Capital, preparing applications ahead of the new regulatory framework set to launch soon.
Amp Crypto Price Outlook Amid Whale Accumulation
Amp crypto has dropped significantly, falling to $0.0033, a 77% decline since November. Despite this, whale activity suggests potential accumulation, with on-chain data indicating a bullish reversal may be on the horizon.
Turkey's DeFi Services Face Regulatory Scrutiny
Following the ban on PancakeSwap, Turkish regulators may extend their focus to other DeFi services and wallets, emphasizing compliance for those targeting Turkish citizens.
Insurance Innovations Essential for DeFi Growth
As DeFi evolves, integrating advanced insurance models is crucial for attracting capital and ensuring stability, addressing risks like protocol exploits and governance attacks.
Morpho Crypto Maintains Key Level as TVL Approaches $2B
Morpho's price is holding steady at $1.39, with its total value locked on Base nearing $2 billion, showcasing resilience despite market fluctuations.
Tornado Cash Trial Excludes Van Loon Verdict Discussion
The judge in Roman Storm's Tornado Cash trial ruled that the Van Loon case verdict will not be mentioned during the proceedings, aiming to avoid jury confusion.
BTCS Stock Soars 100% on $100M ETH Acquisition Plan
BTCS announced a $100 million plan to acquire more ETH, leading to a stock surge of over 100%. The firm aims to utilize both traditional and decentralized financial markets for this capital raise.
U.S. Sanctions North Korean IT Workers Linked to Cybercrime
The U.S. Treasury has added Song Kum Hyok to its sanctions list, accusing him of facilitating North Korean cyber espionage and cryptocurrency thefts through IT employment abroad.
HBAR Gains Following Grayscale Fund Inclusion
HBAR has increased by about 2% in the last 24 hours, trading at $0.1614, after being added to the Grayscale Smart Contract Platform Fund, which now allocates 5.8% to HBAR.
Musk Raises Concerns Over Trump's Epstein File Transparency
Elon Musk has expressed doubts about President Trump's transparency regarding the Epstein files, questioning public confidence in his leadership without disclosure of these documents.
Fartcoin Stays Range-Bound, Eyes $0.73 Support
Fartcoin is currently consolidating within a range, with key support at $0.73. A breakout above $1.45 or a breakdown below $0.73 could dictate its next move.
U.S. Dominates Young Wealthy Cryptocurrency Users
A Deutsche Bank survey reveals that U.S. consumers, especially young affluent males, lead in cryptocurrency adoption, with a rate of 17%, significantly higher than the UK and EU.
SharpLink Gaming Boosts Ethereum Holdings to 205,634 ETH
SharpLink Gaming has increased its Ethereum holdings to 205,634 ETH after investing around $19.2 million to acquire an additional 7,689 ETH at an average price of $2,501 per ETH.
BTCS Aims to Raise $100 Million for Ethereum
BTCS, a Nasdaq-listed blockchain firm, plans to raise $100 million in 2025 to acquire Ethereum and build a leading public company focused on Ethereum infrastructure, with a phased fundraising approach based on market conditions.
Bitcoin Price Shows Potential for Upside Breakout
Bitcoin is currently supported at $107,245, with buying interest evident during dips. The cryptocurrency is poised for a potential breakout above $110,530, which could lead to a challenge of its all-time high of $111,980.
FLOKI Soars 12% on High Trading Volume
FLOKI, the popular memecoin, jumped 12.1% in just 24 hours, driven by a trading volume of 274.1 billion tokens, indicating strong market interest and potential bullish momentum.
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