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

Dave Portnoy recently discussed selling his XRP stash before a price surge, missing out on potential gains. His advisor's warning about Circle's purported actions led Portnoy to sell, he said, just before XRP's value skyrocketed.

The Ether Machine, formed through a merger between The Ether Reserve and Dynamix Corporation, plans to operate with 400,000 Ethereum, aiming to increase holdings through staking and DeFi strategies. The company received significant investments from key figures in the crypto industry.

Trump Media & Technology Group has invested $2 billion in Bitcoin and BTC-related securities, making up the majority of its $3 billion liquid assets. The company plans to use Bitcoin to generate revenues and acquire more crypto assets, aiming for financial freedom and protection against discrimination.

BitGo has confidentially filed a draft registration statement with the SEC, signaling its intent to go public. Details on the IPO's common stock amount or price range were not disclosed, but the firm's plans to go public were previously rumored.

Institutional demand for Ethereum surged, with total inflows into ETH products reaching $2.2 billion last week, nearly double the previous record. Bitcoin and Ethereum inflows were close, but ETH's price gained 25% in a week.

Strategy, the largest corporate holder of Bitcoin, recently purchased 6,220 BTC for $739.8 million, bringing its total holdings to 607,770 BTC valued at over $72 billion. The company's CEO, Michael Saylor, revealed the acquisition was made at an average price of $118,940 per Bitcoin.

CoinDCX announced a reward of up to $11 million for assistance in recovering $44 million stolen in a cyberattack. The breach targeted an operational account, not affecting customer wallets, and the exchange is seeking help from ethical hackers.

Jito Labs CEO Lucas Bruder announced a significant upgrade to Solana's block-building architecture, introducing the block assembly marketplace (BAM) to enhance transaction routing and reduce MEV. The BAM network will allow apps to share revenue with users and improve transaction privacy through Trusted Execution Environments (TEEs).

PENGU, the Solana meme coin for NFT collection Pudgy Penguins, has surged 26.7% in the past 24 hours, reaching a market cap of $2.4 billion. The NFT market saw renewed interest after an unknown user bought 45 CryptoPunks, causing a 16.5% price increase.

Karia Samaroo, founder of WonderFi, has launched a new company, xTAO, which raised $22.8 million to buy Bittensor's TAO token for its corporate treasury. The firm aims to support and scale the Bittensor ecosystem by staking TAO for a 10% return.