News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Wall Street’s biggest banks are finally backing Trump’s pro-crypto agenda after his new executive order cleared regulatory hurdles. Trump stacked his administration with crypto advocates, like SEC pick Paul Atkins and Treasury nominee Scott Bessent, to drive his plans. The SEC scrapped its restrictive accounting rule, SAB 121, letting banks hold crypto without the crushing capital requirements.
TRUMP token’s decline from its $79 peak reflects waning interest and trading momentum. Can breaking $34 spark a sustainable recovery?
Deciphering Bitcoin's Market Behavior: Crucial Price Points under the Microscope as Financial Experts Brace for FOMC Decision
XRP's Surprising Performance: A Disruptor to U.S. BTC Reserves or Speculation Bubble in the Making?
Major token unlock events are scheduled next week for Optimism and other projects, releasing previously blocked tokens under fundraising terms. These events can lead to price volatility based on market conditions and investor reactions.
Quick Take This is an excerpt from the 20th edition of The Funding sent to our subscribers on Jan. 26. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take The Metropolitan Museum of Art has launched a new blockchain-powered game in conjunction with TRLab that rewards players for finding connections between different works of art with NFT badges and a chance to win one of 500 Met-related prizes. The Met’s first foray into blockchain and NFT technology has the goal of deepening audience engagement with the museum’s works.
- 10:08Bitget Wallet Launches PUMP Airdrop Campaign, Trade to Receive PUMP TokensOdaily Planet Daily News: From July 7 to July 16, users who trade any token launched on the Pump.fun platform via Bitget Wallet’s “Chain Scanner” feature will receive bgPUMP points (which can be exchanged 1:1 for PUMP tokens). There is no cap on the prize pool, and tens of millions of PUMP rewards have already been distributed.During the event, a single transaction over $20 will earn 500 bgPUMP in one go, and a daily trading volume exceeding $1,000 will grant an additional 500 bgPUMP. After the event ends, eligible users will also receive FOMO Thursday lottery tickets, giving them a chance to win a PUMP grand prize worth up to $6,666 in the fifth FOMO Thursday event launching on July 18.
- 09:58Metaplanet CEO Joins Forces with Multiple Parties to Acquire Korean Firm SGA, Advancing Asia’s Bitcoin Reserve StrategyOdaily Planet Daily reported that Metaplanet CEO Simon Gerovich, together with institutions such as Sora Ventures and KCGI, has formed a consortium to acquire shares of Korean system integrator SGA through a private placement, further advancing the Bitcoin reserve strategy in Asia.According to regulatory approval, SGA will issue more than 58 million new common shares to the consortium, raising approximately 34.5 billion KRW (about 25 million USD), with the new shares expected to be listed on September 24. Upon completion of the transaction, Asia Strategy Partners LLC will become the largest shareholder of SGA, while SGA’s management team will remain unchanged and control will transfer to the new investors. The new shares will be subject to a one-year lock-up period. (Decrypt)
- 09:52MAG7.ssi Returns to 0.9 USDT, Comprehensive Annualized Yield Surpasses 60%According to ChainCatcher, the latest market data shows that as Bitcoin (BTC) reached a new all-time high, surpassing $123,000, the index token MAG7.ssi, launched earlier this year, has rebounded to 0.9 USDT. At the same time, its annualized return on investment (ROI) has outperformed BTC, with stakers enjoying annualized yields of over 60%. MAG7.ssi is a passive index token issued on the Base chain by the SoSoValue index token protocol, designed to capture leading opportunities in the crypto market. The token covers spot synthetic assets of seven major cryptocurrencies, including Bitcoin, Ethereum, and Solana. Built on a native chain with institutional-grade underlying asset custody, it offers investors a diversified asset allocation strategy, effectively spreading investment risk. Through a monthly rebalancing mechanism, MAG7.ssi is able to consistently maintain an optimal investment portfolio, ensuring scientific asset allocation and strong return potential. In addition, MAG7.ssi features unlimited liquidity, making it suitable for investors seeking long-term growth and looking to benefit from the development of the crypto market.