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Quick Take The Nasdaq-listed media and entertainment company has increased its digital asset treasury management authorization from $100 million to $250 million. As part of this program, the board approved a new NFT yield strategy and formed strategic partnerships with Dialectic’s Ryan Zurrer and Goff Capital’s Rhydon.
Cardano’s ADA token jumped to a four-month high of $0.92 following founder Charles Hoskinson’s announcement of an independent treasury audit to address fraud allegations involving 318 million ADA tokens.
Strategy added 6,220 Bitcoin for $740 million as price traded at new highs, and coincides with insider share sales from executives.
Nasdaq-listed GameSquare Holdings acquired $30 million worth of Ethereum and expanded its crypto investment authorization to $250 million. The company plans to leverage DeFi protocols for yield generation while building NFT portfolios.
With price pulling back slightly after touching a new all-time high, Bitcoin has hovered around $117k throughout the week. Capital flows remain robust. Profitability metrics have started to cool. Overall, market conditions reflect a healthy yet fragile balance.
- 10:52Analysis: Venezuela's inflation rate reaches 229%, USDT becomes the preferred local settlement methodJinse Finance reported that as Venezuela's annual inflation rate soared to 229%, stablecoins such as USDT have become the "de facto" currency for millions of Venezuelans within the financial system. It is reported that locals refer to Bitcoin as "exchange dollars," while the country's currency, the bolivar, has virtually disappeared from daily commercial activities. Hyperinflation, strict capital controls, and a fragmented exchange rate system have led people to increasingly prefer stablecoins over cash or local bank transfers. From small grocery stores to medium-sized businesses, USDT has replaced fiat cash as the preferred settlement method locally.
- 10:52Bio Protocol founder: Aubrai terminal to be launched, along with IP-NFT minting and intelligent agent systemChainCatcher news, Bio Protocol founder Paul Kohlhaas tweeted that since the launch of AUBRAI, it has generated $180,000 in fees and a trading volume of over $20 million. The next step is to launch the aubr.ai terminal, which will allow minting of IP-NFTs directly from the terminal, launch Aubrai IPTs on Bio Protocol to fund experiments, and begin RMR2 research. They are working with top scientists from various fields around the world to help them launch intelligent agent systems, and hope to enable all new DeSci builders and DAOs to succeed. Once Aubrai is fully autonomous, there will be multiple ignition sales running simultaneously and open to permissionless participation in the future.
- 10:52A whale withdrew 10,366,000 DOGE worth $2.25 million from an exchange.According to Jinse Finance, OnchainLens monitoring shows that a certain whale withdrew 10,366,000 DOGE, worth $2.25 million, from an exchange after being dormant for 2 years.