Welcome back to the Crypto Coinz Hub Blog! Let’s dive into today’s top headlines in the world of crypto:
🔥 Breaking News
Strike CEO to Lead New Tether & SoftBank-Backed Bitcoin Venture “Twenty-One”
Jack Mallers, founder of Strike, will take on a dual role as the CEO of a new Bitcoin-focused venture called Twenty-One, backed by Tether and SoftBank. At launch, it’s expected to hold over 42,000 BTC. Mallers will continue to lead Strike while steering this new project.
⚔️ Solana DEX Showdown
The battle among Solana-based decentralized exchanges is heating up. Pump.fun just surged to a $2.5B valuation, challenging platforms like Raydium and Orca—despite facing legal trouble. The latest lawsuit accuses pump.fun of allegedly selling unregistered securities disguised as meme tokens. This marks their second brush with U.S. securities laws.
🧵 Other Major Headlines
- Crypto Market Sees Red — Most assets are down today.
- Brale aims to be the first to issue M0-powered stablecoins in the U.S.
- RedStone appoints former Chainlink Director Mike Massari as Strategic Advisor.
- Inco raises $5M in a round led by a16z CSX and launches Inco Lightning on Base Sepolia.
- SUI Network unveils a virtual Mastercard through a partnership with xMoney and xPortal. A physical card is also on the way, enabling payments at over 20,000 merchants.
📊 Market Sentiment
Despite short-term volatility, Bitcoin long-term holders are showing major confidence. Over 635,000 BTC have been added by hodlers since January. Meanwhile, traders are actively selling puts, betting on continued strength.
💼 Revolut’s Crypto Boom
Revolut saw its profits more than double in 2024 thanks to the ongoing crypto trading boom. Revenue soared 72% following the 2023 launch of Revolut X in the UK. The platform now supports trading of over 100 coins.
That’s a wrap on today’s crypto highlights! Remember, none of this is financial advice—just the latest happenings in the space. Always DYOR (Do Your Own Research).
Thanks for reading,
Crypto King
Crypto Coinz Hub