SecondLane, a private markets trading platform, has listed a 1% equity stake in Pump.fun for $15 million. This puts Pump.fun’s fully diluted valuation (FDV) at $1.5 billion. Token Launch and New Trading Features The stake can be purchased on SecondLane’s web app and through its Telegram channel, where new offerings are regularly announced. Pump.fun, which...Read More
Economists at the United States Treasury analyzed IRS data from households reporting cryptocurrency holdings on their annual tax returns and found that crypto ownership nearly tripled between 2020 and 2021, the most recent year with available tax data. The areas with the highest levels of crypto exposure in 2021 also experienced significant increases in both...Read More
Rumble, the popular online streaming and video platform, announced that its Board of Directors has approved a plan to diversify the company’s treasury by allocating a portion of its surplus cash into Bitcoin. As part of this new strategy, the company plans to invest up to $20 million in BTC, with purchases made at its...Read More
Bitcoin is making another push toward the coveted six-figure milestone. On November 22, it came within $200 of the $100,000 mark after hitting $99,800, fueling analyst expectations of an imminent breakthrough. However, the subsequent corrections raised concerns. A catalyst for Bitcoin could be the growing narrative as a hedge against global macroeconomic risks and a...Read More
Base, the Coinbase-incubated Ethereum Layer 2, has experienced tremendous growth since it launched its mainnet on August 9, 2023. According to Delphi Digital’s latest report shared with CryptoPotato, in 2024 alone, daily transactions on Base have soared by 1,600%, climbing from 372,000 at the start of January to over 6.63 million in October. This makes...Read More
Since the beginning of 2024, publicly traded Bitcoin mining companies have collectively spent more than $3.6 billion on property, plant, and equipment (PP&E). This includes money spent on mining hardware, data center upgrades, and other infrastructure needed to maintain and expand their operations. Record Spending Incoming A November 28 newsletter from TheMinerMag revealed that mining...Read More
In a latest development, the main opposition Democratic Party of Korea (DPK) agreed on Sunday to delay the controversial crypto tax for two years following investor backlash. The latest move pushes the tax’s implementation to 2027, marking a significant shift in the country’s stance on digital asset taxation, allowing the market additional time to adapt....Read More
In a recent development, President-elect Donald Trump has warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil. The President-elect has asked these countries to promise not to create a new BRICS currency or support any other currency...Read More
