Crypto News

KULR Technology Group, Inc. announced Tuesday that it purchased an additional $5 million in bitcoin for its corporate treasury, increasing total holdings to $65 million. KULR Purchases $5M in Bitcoin at $88,824 Average Price, Total Spend Hits $65M The Houston-based energy management firm, KULR Technology Group, Inc. (NYSE: KULR), acquired the bitcoin at a weightedSource link

Chronicle, a blockchain data provider focused on tokenized assets, announced on Tuesday that it has raised $12 million in a seed funding round.The investment was led by Strobe Ventures, formerly known as BlockTower Capital. Other backers include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital and Fenbushi Capital, alongside notable crypto angel investors such as Rune Christensen (Sky/MakerDAO founder), Andre Cronje (founder of Sonic and Yearn), Stani Kulechov (founder of Aave), Mark Phillips (co-founder of Steakhouse) and Sam MacPherson (co-founder of Phoenix Labs).Chronicle operates as an oracle network, offering real-time data verification for tokenized financial products. It has processed more than $20 billion in total value secured (TVS) since its launch in 2017 and is expanding its infrastructure to meet...

Custodia Bank, working with Vantage Bank, completed the tokenization of dollar-demand deposits with the issuance of its Avit stablecoin.Source link

Fidelity Investments is looking to create an exchange-traded fund (ETF) tracking the price of Solana (SOL), a filing with the Securities and Exchange Commission on Tuesday shows.Cboe Exchange uploaded a 19b-4 filing to list a Solana ETF proposed by the $5 trillion Wall Street veteran. This comes after the firm registered a Fidelity Solana Fund in Delaware last Thursday.Fidelity has yet to submit an S-1 filing, which is required for companies seeking to issue a new security and be listed on a public stock exchange.Solana, at $74 billion, is currently the sixth-largest crypto asset by market capitalization in the world. Several asset managers have filed applications with the SEC to launch funds holding the token, including Grayscale, Franklin Templeton and...

Bitcoin held steady near $88,000 even as roughly $1 billion worth of BTC was quietly moved from the defunct Japanese exchange Mt Gox. Bitcoin Price Unfazed by Massive Mt. Gox Wallet Activity Some 11,501 bitcoins were quietly shuffled around Tuesday morning from Mt Gox, which filed for bankruptcy in 2014, but the activity, which couldSource link