Crypto News

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) could be on track for potential S&P 500 inclusion by June 20.Currently, the company meets all eligibility requirements except one: achieving positive GAAP net income over the trailing 12 months (the most recent four quarters combined). To qualify, Q1 2025 earnings must be high enough to offset losses from the previous three quarters—a goal that could be achieved thanks to the adoption (now mandatory) of the Financial Accounting Standards Board (FASB) digital asset accounting rule.The FASB rule change requires companies to recognize bitcoin (BTC) holdings at fair value, meaning price gains will flow through to the bottom line (as would price declines). Prior to this rule, corporate...

Bitcoin hasn't moved in price much over the past week as investors pulled cash out of the American ETFs—and GameStop could reportedly buy in.Source link

Over the past 102 days, since Nov. 4, 2024, Polymarket’s open interest has plummeted over 78% from its peak, marking a tumultuous descent. Yet even amid this contraction, the blockchain-driven prediction platform’s current open interest maintains a staggering 1,200% elevation above levels observed across several years preceding February 2024. Prediction Markets in Flux: Polymarket’s VolatilitySource link

Memecoin generator Pump.fun has launched a mobile app for both iOS and Android devices, making its platform more accessible to users and effectively doubling down on the ongoing memecoin craze.Pump.fun’s new mobile app has features similar to its web interface. It allows users to create their own Solana-based memecoins for free and trade existing tokens while on the go. In an announcement on Friday, the firm detailed that the app includes tools for users to manage their memecoins portfolios and create customized watchlists to monitor tokens.The launch comes just weeks after Pump.fun was hit with a proposed class-action lawsuit accusing the firm and its executives of violations of U.S. securities laws. It also comes at a time when the ongoing...

XRP is trading at $2.78 with a market capitalization of $160 billion, a 24-hour volume of $5.37 billion, and an intraday price range of $2.70 to $2.82, demonstrating active market engagement and bullish momentum. XRP XRP’s one-hour chart reveals a distinct upward trend, with XRP recently reaching $2.836 before stabilizing near that level. Buying pressureSource link