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Enhanced liquidity does not necessarily indicate a bullish crypto market.
Quick Take World Liberty Financial plans to roll out its own debit card “very soon,” with Apple Pay integration linked to its USD1 stablecoin, the project’s co-founder Zak Folkman said. Patrick Witt, the executive director of the White House Council of Advisors on Digital Assets, said he expects a sweeping crypto market structure bill to pass before the end of 2025.
Quick Take The combined company will hold nearly 11,000 BTC once finalized, making it the 12th-biggest public-traded corporate bitcoin treasury. The deal could position Strive as the sector’s “consolidator of choice,” according to Benchmark analysts.
Quick Take Crypto’s rich list now comprises 36 billionaires and 241,700 millionaires, according to a new wealth report. The number of crypto millionaires has increased by 40% year-over-year, primarily driven by bitcoin investors, with global adoption now estimated to reach 590 million people.
UXLINK reported a multi-sig wallet breach, but the bigger twist is the hacker got scammed and lost $48 million to a phishing scam.
Quick Take Tether is said to be in talks with investors to raise as much as $20 billion at around a $500 billion valuation, according to a report from Bloomberg. Cantor Fitzgerald, said to be a Tether shareholder, is advising the potential deal, the report said.
Quick Take Australia-based Fitell Corporation has secured a $100 million “financing facility” to accumulate Solana as part of its new digital asset treasury strategy. The company has been operating as a provider of fitness equipment and health solutions.
Ripple’s launch of its RLUSD stablecoin and the debut of U.S.-based XRP ETFs are expected to drive a significant rebound in XRP’s transaction volume.
