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MicroStrategy’s stock is no longer closely tracking Bitcoin’s price, marking a potential turning point for the company’s Bitcoin-driven strategy. New competitors and market changes threaten to erode the unique financial model that has allowed MicroStrategy to accumulate Bitcoin at scale.
Ethereum's recent dip has led to widespread liquidations, with millions lost in the process. However, institutional investors are capitalizing on the market downturn, purchasing significant amounts of ETH, suggesting long-term confidence in the asset.
Share link:In this post: Wyoming launches the Frontier Stable Token (FRNT), becoming the first U.S. state to issue a blockchain-based stablecoin. FRNT is backed by US dollars and Treasuries, with reserve interest funding Wyoming’s School Foundation Fund. The token debuts across seven blockchains, supported by partners including LayerZero, Fireblocks, and Franklin Advisers.
Share link:In this post: Google’s proposal will allow Android developers to direct users to external sites for payments. It is also proposing to slash its first-year developer fee from 10% to 3% under the new program. Brussels has accused Google of unfair restrictions and could impose multibillion-euro fines.
Share link:In this post: Xpeng posts record quarterly revenue as deliveries surge despite price war. Net loss narrows to five-year low, helped by cost cuts and new models. The carmaker expects revenue to almost double in the third quarter on strong demand.
- 18:22BlackRock BUIDL Fund Deploys $500 Million to AvalancheJinse Finance reported that Avalanche Chief Communications Officer @vohvohh posted on X that BlackRock's BUIDL fund has deployed $500 million to Avalanche. Currently, Avalanche ranks fourth among all blockchains in terms of total value locked (TVL) of real-world assets (RWA).
- 17:58Largest Ethereum ETF and DAT holdings: ETHA $15.5 billions, BMNR $12.7 billionsJinse Finance reported that Treasury Edge released a chart on the X platform showing that the largest Ethereum ETF ($ETHA) holds Ethereum worth $15.5 billions, while the largest Ethereum DAT ($BMNR) holds Ethereum worth $12.7 billions.
- 17:34David Sacks: Trump Appoints Mike Selig as CFTC Chairman to Advance Modernization of US Cryptocurrency RegulationJinse Finance reported that David Sacks, the White House head of cryptocurrency and artificial intelligence, stated that President Trump's appointment of Mike Selig to lead the Commodity Futures Trading Commission (CFTC) is an excellent choice. Anyone who knows him can attest that Mike Selig not only possesses profound expertise in financial markets but is also actively committed to modernizing regulatory approaches to maintain the United States' competitiveness in the digital asset era. Mike has played a key role in advancing the President's cryptocurrency agenda as the Chief Legal Advisor of the SEC's Cryptocurrency Special Task Force; he also worked at the CFTC during former Chairman Chris Giancarlo's tenure, which allowed him to accumulate extensive experience in the traditional commodity markets. On behalf of the President's Digital Asset Working Group, Patrick Witt and I look forward to continuing to work with Mike to fulfill President Trump's promise—to make the United States the global center for cryptocurrency.