Crypto News

Twenty One, a Bitcoin-centric company, is being formed via SPAC merger with backing from Tether, Bitfinex, Cantor Fitzgerald, and SoftBank.Source link

XRP is trading at $2.28 after a high-volume session that saw $5.72 billion in transactions and a tight intraday range of $2.10 to $2.30. With a market capitalization of $132 billion, XRP is exhibiting bullish patterns across multiple timeframes, setting the stage for a potential breakout. XRP On the one-hour chart, XRP has recently brokenSource link

Bitcoin (BTC) miner Riot Platforms (RIOT) has struck a $100 million credit agreement with Coinbase’s credit arm, using bitcoin as collateral to secure short-term funding for its ongoing expansion.The publicly traded mining firm said in a press release it would draw on the facility over the next two months. The deal offers Riot, which currently holds 19,223 BTC worth over $1.8 billion, a line of credit that avoids issuing new shares.“This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation,” said CEO Jason Les in a statement.The loan, issued by Coinbase Credit, comes with a variable interest rate: borrowers...

The team behind the Symbiotic network, the restaking protocol meant to rival EigenLayer, shared Wednesday that it had raised $29 million in a Series A round.The funding will expand the current team and develop the protocol’s Universal Staking framework, broadening its efforts from just restaking to including providing support for other staking activities. “Rather than focusing solely on shared security, Symbiotic enables any combination of assets to secure any class of network—modular or monolithic, L1 or L2—while supporting use cases that extend well beyond traditional staking, including insurance and other financial products,” the team shared in a press release.Pantera Capital led the funding round, which also saw participation from Coinbase Ventures and over 100 angel investors.Restaking is a way to...

This content is provided by a sponsor. PRESS RELEASE. April 2025 – Gigawin, the leading crypto-powered casino and sports betting platform, is proud to announce the debut of its official mascot — Gigaman. Inspired by the fearless mindset of modern punters, Gigaman is the face of fast wins, quick payouts, and non-stop action. His arrivalSource link