Crypto News

Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it called its new “digital gold.”BTCT Moved $1M Into Ethereum Reserve, chief executive officer Siguang Peng said in a press release, adding that Ethereum has “emerged as the foundation of on-chain USD settlement and value transfer.”"By securing an initial $1 million ETH reserve today—and with plans to scale that position—we are proactively positioning ourselves for decentralized finance, stablecoin issuance, and asset tokenization,” Peng said. BTCT plans to grow the reserve as upgrades lift capacity and U.S. rules solidify. BTC Digital was previously a bitcoin mining company. The firm recently said that "its 20 MW large–scale cryptocurrency mining project in Georgia has reached a significant milestone."The company doesn't state if it still...

Bitcoin to the moon? Not so fast, experts say, as the asset has matured and is now being used by traders for more sophisticated bets.Source link

12 minutes. That’s how long it took for Pump.fun’s token offering to raise roughly $500 million from retail investors across various exchanges, including Bybit, Kraken, and KuCoin.The sale priced 125 billion tokens at $0.004 apiece, implying a $4 billion fully diluted valuation for the Solana-based memecoin launcher’s new utility token.For now, holders must wait to get their hands on the token they bought. Pump.fun said the purchased tokens will land in wallets over the next 48–72 hours and will stay locked until distribution ends, blocking trades or transfers. The team shared the official Solana contract address— pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn— and warned users to shun look-alike assets.Read more: PUMP Lingers at 40% Premium Over ICO Price on Hyperliquid Ahead of Pump.fun Token SaleIn...

Coinbase broke with its usual blue logo on X, posting a Pudgy Penguins non-fungible token as its profile picture alongside the quip “new pfp, who dis.”Minutes later, PENGU, the native token of the penguin-themed ecosystem, started surging. The token rose more than 60% in the rally before enduring a correction, but it’s still up more than 35% for the week.The official Pudgy Penguins account mirrored the move, sending matching ice-blue avatars gliding across feeds and leading to talk of a partnership between Coinbase and Igloo Inc., the startup that steers the collection. Various crypto-related firms, including VanEck, MoonPay, and AwakenTax, have since changed their profile pictures to pudgy penguins.The stunt has also lifted the floor price of Pudgy Penguin NFTs,...

While Elon Musk's $300 “Heavy” model puts up record-breaking benchmark scores, the basic Grok 4 struggles to keep up with competitors.Source link