Crypto Startup Apologizes for Using Polymarket to Bet on Fundraising, Catching Backers Off Guard

Eric Trump and Hut 8 executives discussed a bitcoin mining alliance over pizza in Florida, leading to the creation of American Bitcoin. The company, with Trump as a co-founder, aims to leverage the Trump family name for capital markets access and strategic partnerships.

Over the past four months, Bitcoin whales holding between 10 and 10,000 BTC have accumulated 0.9% of the total supply, with an additional 30,000 BTC acquired in the last 48 hours. Despite recent profit-taking, remaining investors are still largely in profit.

The Ether Machine has acquired 15,000 ETH for $56.9 million, becoming a major Ethereum holder, surpassing the Ethereum Foundation. With a total of 334,757 ETH and $407 million for more purchases, the company plans to list on NASDAQ in Q4.

GOAT Network launched BitVM2 Beta, a zero-knowledge rollup on Bitcoin, addressing slow transaction finality and scalability issues. The system uses ZK proofs for fast transaction verification and settlement on the Bitcoin mainnet.

Meta's quarterly results show a significant increase in revenue and net profit, allowing the company to invest heavily in AI. The share price surged by over 11% in after-hours trading, reaching $780, a stark contrast to its value in fall 2022.

Bolivia, after lifting its crypto ban, partners with El Salvador to advance digital asset policy and infrastructure. The Bolivian Central Bank sees digital assets as a reliable alternative to traditional currencies.

Cboe BZX has formally proposed to the SEC to list shares of the Invesco Galaxy Solana ETF, a joint venture between Invesco and Galaxy Digital. The ETF would provide regulated access to Solana's native token through traditional securities markets, tracking the "Lukka Prime Solana Reference Rate."

The criminal trial in New York revealed that Tornado Cash, created by Roman Storm, was accused of being used by criminals to launder stolen funds. Storm's defense argued that the protocol was meant for ordinary people to transact privately, enhancing transaction privacy by pooling and redistributing funds.

Cboe BZX and NYSE Arca have proposed a rule change to expedite the approval process for crypto ETFs, aiming to list certain products without individual SEC reviews. This move aligns with existing rules for traditional asset classes, potentially allowing faster market entry for assets like Solana and XRP.

Etherex, a new crypto exchange, aims to align incentives with users by offering a metaDEX structure where 100% of fees go to token holders. The platform, built on Ethereum's original vision, will serve as the rails for capital inflows to Linea.