Strategy Adds $330 Million in Bitcoin After Taking a Week Off

Altcoin Hyperliquid experienced a 6% drop in the last 24 hours, making it the worst performer among the top 100 cryptocurrencies. The token fell to its lowest level in 10 days, but is still up over 40% in the last month due to its dominance in perpetual futures trading.

French authorities have allowed Telegram co-founder Pavel Durov to travel to Dubai, following his arrest in France for alleged complicity in sharing illegal content on the app. Durov, worth $13.9 billion, has been cooperating with authorities and made changes to the app's functions.

Gradient Network secured a $10 million seed funding round led by Pantera Capital and Multicoin Capital to develop decentralized AI infrastructure protocols Lattica and Parallax. These protocols aim to enable AI models to operate across a distributed network of devices, promoting decentralization in AI technology.

Kraken announced that users can stake their Bitcoin on the platform to earn rewards as BABY tokens through the Babylon protocol. This feature is available in select regions, allowing clients to earn returns on their BTC while supporting PoS blockchains.

An update to World Liberty Financial's legal disclosure section reveals a reduction in the Trump family's majority stake from 60% to about 40%. The move comes amid growing scrutiny from Democratic lawmakers and regulatory bodies regarding the DeFi project.

Revolut, a major neobank, is exploring the creation of its own stablecoin, following a trend of non-crypto companies considering issuing stablecoins due to shifting regulations. The London-based bank's move to launch Revolut X, a centralized crypto exchange, in 2024, has now evolved into plans for a stablecoin.

Project 11 raised $6 million in a seed round to safeguard Bitcoin from potential threats posed by quantum computing. The funding was co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation, emphasizing the urgency for upgrading to quantum-safe cryptography.

X CEO Linda Yaccarino announced that the platform will soon offer in-app investing and trading, with plans for a potential X-branded debit card. Musk's ambition is to combine social interactions with financial services on the app.

Plasma, led by CEO Paul Faecks, plans to launch a stablecoin-optimized blockchain on mainnet by late summer. The company aims to focus solely on stablecoin-focused optimizations, with a public pre-sale opening at least 40 days before the mainnet launch.

The US federal government runs deficits annually, accumulating total debt owed to various entities, including foreign countries, US institutions, and individuals. Defaulting on debt held by certain entities, such as retirees or insurance companies, could have severe consequences. Selectively defaulting on foreign entities or the Federal Reserve poses challenges and implications for the US economy.