News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Quick Take Summary is AI generated, newsroom reviewed. Evernorth plans to raise over $1 billion through a SPAC merger to build the largest XRP treasury. Ripple, SBI Holdings, Pantera Capital, and other investors are backing the initiative. The treasury aims to increase XRP adoption, market stability, and institutional participation. Evernorth’s strategy shows how crypto and traditional finance can collaborate to boost digital asset utility.References BULLISH: RIPPLE-BACKED EVERNORTH WILL RAISE OVER $1 BILL
The decentralized exchange Hyperliquid, operated by only 11 people, has become a major force in the crypto world with daily trading volumes exceeding $13 billion, thanks to its anonymity and high leverage.
The AI boom is driving a capital frenzy in the US data center industry, with major players pledging to invest tens of billions of dollars. A $40 billion acquisition deal has set a new record.
Leveraging Infrastructure Expertise, CleanSpark Enters AI Data Center Market Amid Mining Sector Recovery
BitMine Capitalizes on ETH Price Dip, Predicts Short-Term Rebound to $4,440 Amid Market Volatility
Preserving Industrial Electricity: A Contrast to France's Surplus Power Utilization for Bitcoin Mining
- 15:59Bitcoin Rollup protocol BitcoinOS completes $10 million financingJinse Finance reported that the Bitcoin Rollup protocol BitcoinOS (BOS) has completed a $10 million financing round to expand its institutional-grade Bitcoin financial tools and developer protocol. This round was led by Greenfield Capital, with participation from FalconX, DNA Fund, Bitcoin Frontier Fund, as well as angel investors including Anchorage Digital CEO Nathan McCauley and Leeor Groen from Spartan Group.
- 15:38Citigroup gives a "Strategy Buy" rating due to optimism about bitcoin's prospectsChainCatcher news, according to CoinDesk, investment bank Citigroup has initiated coverage on Strategy (MSTR) for the first time, assigning a Buy/High Risk rating and a target price of $485, positioning the stock as a leveraged bet on bitcoin. In early U.S. trading on Tuesday, MSTR shares rose by 1.5%, trading around $301. In a report released on Tuesday, Citigroup stated that the target price reflects its forecast that bitcoin will reach $181,000 in 12 months, representing a 63% upside from current levels, as well as a 25% to 35% net asset value (NAV) premium, which aligns with Strategy's historical bitcoin return multiple of 2.5x to 3.5x. Citigroup analysts believe that this structure makes the stock an amplified bet on bitcoin's performance, with significant upside potential in a bull market, but also the possibility of a sharp pullback if prices reverse. Citigroup noted that in the most pessimistic scenario, if bitcoin drops by 25% and the NAV premium shifts from 35% to a 10% discount, the stock could lose about 61%. The report states that Strategy is expected to continue issuing convertible bonds, preferred shares, and stocks based on the NAV premium to expand its bitcoin holdings.
- 15:37Citi: Gold prices are expected to reach $4,000 per ounce in the short termJinse Finance reported that Citi: In the short term, they expect the gold price (previously bullish, but now turned bearish) to reach $4,000 per ounce, which is the target price for the next 0-3 months. Factors such as the end of the U.S. government shutdown are expected to drive a consolidation in the gold market in the next 2 to 3 weeks.