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

According to brokerage Bernstein, Ethereum treasuries are earning staking rewards while holding ETH, but face liquidity and smart contract risks. Companies like SharpLink Gaming and BitMine Immersion have amassed significant amounts of ETH, aiming for yield optimization and balancing liquidity.

MARA, a Bitcoin miner, closed a $950 million private offering to purchase more Bitcoin, increasing from the initial $850 million due to high demand. The company aims to emulate Strategy by using debt to acquire the leading cryptocurrency.

Dapper Labs' NBA Top Shot highlights are now accessible through physical vending machines in Japan, in collaboration with Web3 marketing firm 24karat. Basketball fans can purchase Top Shot NFT moments on the Flow blockchain using AIICO smart vending machines across various locations in Japan.

The U.S. Department of Justice is seeking to take ownership of $2.3 million in Bitcoin seized from a member of the ransomware group Chaos. The Bitcoin was seized by the FBI's Dallas division in mid-April and is currently held in a government-controlled wallet.

Mill City Ventures III announced a $450 million private placement to purchase SUI, the 15th largest digital asset by market cap. The company's stock surged 11% on Monday and nearly 270% over five days. SUI, the native coin of the SUI network, aims to compete with Ethereum.

XRP and Dogecoin have seen significant price drops in the past week, with XRP down 12% and DOGE plummeting 18%. Technical indicators suggest both coins may experience further corrections before potential gains.

CEA Industries plans to establish a $500 million crypto treasury focused on BNB, collaborating with 10x Capital and YZi Labs. The firm aims to raise funds through a PIPE offering and warrants exercise to purchase BNB, the fifth-largest crypto asset.

Pump.fun, once dominant in Solana's meme coin space, has seen a significant decline in market share, with LetsBonk emerging as a popular alternative for creating meme coins. Despite generating substantial revenue through transaction fees, Pump.fun's reputation and revenue have taken a hit recently.

Tether, holding 61% of stablecoin market capitalization, plans to launch a new dollar-backed stablecoin in the US for institutional payments and interbank settlements. However, Tether must comply with regulatory requirements, including finding an auditor for its books.

Ray Dalio advises investors to allocate 15% of their portfolios to gold and Bitcoin due to macroeconomic risks like rising government debts. He warns that markets are not pricing in these risks, potentially leading to a significant crash.