Search results for "THE"

Bit Digital announced financing of $162.9 million and transitioned to an Ethereum treasury.

Gate News bot message, Nasdaq-listed company Bit Digital (BTBT) announced that it raised approximately $162.9 million in net proceeds through a stock issuance. According to The Block, the company plans to use these funds to establish an Ethereum treasury and undergo a business transformation. Bit Digital has decided to sell approximately 417.6 Bitcoins currently held.
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Favourable Information! The SEC has approved Grayscale's GDLC to convert into an ETF. How will the performance of BTC, ETH and other tokens be?

The SEC has approved Grayscale's application to convert its digital large-cap fund into a spot exchange-traded fund (ETF). This decision integrates Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA), providing U.S. investors with a new investment vehicle.
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Bitcoin fell to around 106,000 dollars as traders avoided risks ahead of key data releases in the US.

Bitcoin and Ethereum have recently fallen in price, standing at $106,013 and $2,423 respectively. The market is still in a cooling consolidation phase, and investors remain cautious about the upcoming economic data. Concerns about the macroeconomic situation and the Trump tax plan are affecting market sentiment.
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In June, CEX spot trading volume hit a nine-month low, while DEX volume grew to a record 390 billion dollars.

Gate News bot message, according to The Block, in June the CEX spot trading volume fell to 1.07 trillion USD, hitting a nine-month low, while DEX trading volume continued to rise.
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SEC approves Grayscale Digital Large Cap Fund to convert to ETF

According to Gate News bot, The Block reported that the SEC( took an "accelerated" approach to approve the rule change proposal from the New York Stock Exchange Arca. After the proposal was approved, shares of Grayscale Digital Large Cap Fund LLC were allowed to be traded. The SEC approved this regulation under Section 19)b()2( of the Exchange Act.
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The Ethereum Community Fund has officially launched, focusing on infrastructure development and deflationary mechanisms.

Gate News bot message, according to The Block, the Ethereum Community Foundation led by Zak Cole (ECF) has been officially established. The foundation has raised millions of dollars in ETH, focusing on supporting institutional adoption of Ethereum infrastructure. The funds of ECF will be used to support "immutable and non-token" projects, focusing on those that can promote the ETH deflationary mechanism.
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The ratio of DEX to CEX futures trading volume reached 8%, setting a new historical high.

According to a report by Jinse Finance and the latest data from The Block, the ratio of decentralized exchange (DEX) futures trading volume to centralized exchange (CEX) trading volume reached a historic high of 8% in June 2025, significantly up from 6.84% last month and 4.78% in the same period last year. Hyperliquid is the main driving force, and although its trading volume decreased by about 15% month-on-month in June, its market share increased from 69.77% in May to 75%. At the same time, APX Finance saw its trading volume soar by 350% month-on-month in June, reaching $34 billion, driven by incentive programs.
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SEC accelerates approval of Grayscale Digital Large Cap Fund conversion to ETF

According to Gate News bot, The Block reported that the SEC has accelerated the approval of the New York Stock Exchange Arca's proposed rule change regarding the listing of Grayscale Digital Large Cap Fund LLC shares. The SEC approved the rule change (SR-NYSEARCA-2024-87)( under Section 190 of the Exchange Act ).
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The Ethereum Community Fund (ECF) was established to promote the development of ETH infrastructure.

According to Gate News bot, The Block reports that Ethereum core developer Zak Cole has announced the establishment of the Ethereum Community Foundation (ECF). The foundation focuses on promoting the application of Ethereum infrastructure at the institutional level. ECF plans to enhance the practical value of ETH by funding "immutable, tokenless" projects. Base
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Anthropic's annual revenue reaches 4 billion USD

Golden Finance reports, according to The Information: Anthropic's annual revenue has reached $4 billion.
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The Federal Reserve (FED) Chairman Powell emphasized focusing on statutory responsibilities at the European Central Bank event.

Gate News bot消息,据Jin10报道,在葡萄牙举办的欧洲Central Bank活动中,The Federal Reserve (FED)主席鲍威尔针对特朗普的批评作出回应。面对关于特朗普频繁人身攻击是否加大工作难度的提问,鲍威尔明确表示:"I only focus on doing my job. What's important is us
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Trump expresses his views on the relationship between DOGE and Musk.

Gate News bot消息,特朗普对DOGE与马斯克之间的关系作出回应。他直接表态:"DOGE will watch Musk, if DOGE likes Musk, we could save a lot of money, don't care about Musk's criticism of the tax bill."
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The Hong Kong SAR Government announced the list of 20 members of the Task Force on the Development of the Third Generation Internet.

Gate News bot message, PANews reported on July 1 that the Hong Kong SAR government announced the list of new unofficial members of the third-generation internet development task force on June 30. A total of 20 members were appointed and reappointed, with a term starting from July 1, 2025, for a duration of two years. The government spokesperson emphasized that since the specialized team in 2023
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The DEX Vooi supported by YZi Labs has launched its V2 Mainnet.

Odaily News YZi Labs supported DEX Vooi has launched V2 Mainnet, aiming to unify cross-chain spot trading and Perptual Futures, providing Liquidity. (The Block)
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The three major indices of the US stock market fell at the opening, with the Dow Jones having the smallest decline.

According to the latest market data from the Gate News bot, the US stock market opened with a downward trend on July 1st. The Dow Jones Industrial Average fell by 0.15%, the S&P 500 Index dropped by 0.30%, while the Nasdaq Composite Index saw the largest decline at 0.39%.
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Trump stated that the passage of the tax and spending bill would be postponed.

According to Gate News bot, citing CCTV News, on July 1 local time, U.S. President Trump stated that he would delay the deadline for his domestic policy bill. Trump originally planned to pass this "big and beautiful" tax and spending bill before July 4. Regarding the progress of the bill, Trump pointed out: "I don't want to go too
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Bitwise insists that Bitcoin could reach $200,000 within the year, but is cautious about the prospects for ETH and SOL.

Odaily News Bitwise Chief Investment Officer Matt Hougan stated that Bitwise is holding firm on its 2025 Bitcoin price target of $200,000, citing strong institutional demand; however, he is not very confident that ETH and SOL will reach new highs this year. (The Block)
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TD Cowen: Maintains a "Buy" rating on Strategy

TD Cowen stated that despite the risks, it is reasonable for the stock price of Strategy to trade at a premium to its Bitcoin net asset value, as its equity-BTC loop model promotes the rise of stock prices and Bitcoin purchases, reiterating a "buy" rating and setting a target price of $1625.
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U.S. Treasury Secretary Yellen pushes for a vote on the tax bill, rebutting Musk's claims about deficits.

According to Gate News bot, Fox News reported that U.S. Treasury Secretary Bessent is moving forward with the voting process for the tax bill ("Big and Beautiful Act"). The bill aims to achieve benefits for the working class, including expanding the coverage of the Medicaid program and providing support for mothers, children, and other groups in need. for
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The U.S. Congress vetoed the "End Corruption in the Encryption Sector" amendment.

Gate News bot message, PANews July 1 news, the U.S. Senate voted 46 in favor and 54 against, rejecting the amendment "Ending Corruption in the Crypto Assets Space" proposed by Senator Jeff Merkley. The amendment aimed to prohibit elected officials from gaining improper benefits through the promotion of Crypto Assets. After the voting results were announced, M
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The U.S. Department of Justice claims that North Korean agents have stolen Crypto Assets and data.

The U.S. Department of Justice has charged North Korean agents with impersonating American citizens to remotely steal Crypto Assets and sensitive information, involving over $900,000 in theft and Money Laundering through Tornado Cash. A lawsuit has been filed, one person has been arrested, and 29 accounts have been seized to combat North Korean fraud.
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The UK digital services company The Smarter Web Company increased its holdings by 230 Bitcoins.

According to Gate News bot, PANews reported that the UK-listed digital services company The Smarter Web Company announced on July 1st that as part of its "ten-year plan," the company has acquired an additional 230.05 Bitcoins. The average purchase price was £78,103 (approximately $107,126) per coin, with a total investment of £17,967,600.
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The Blockchain Group plans to raise 11 million euros to increase its Bitcoin holdings.

Gate News bot message, according to NLNico, The Blockchain Group is planning to raise 11 million euros in funding through equity and Convertible Bond to increase its holdings in Bitcoin. The convertible bonds issued by the company this time do not include preferential subscription rights, and the conversion price is €5.174 per share. Among them, TOBAM and Adam Back subscribed for 500.
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The Blockchain Group raised approximately 11 million euros to increase its holdings of BTC.

BlockBeats news, on July 1st, Europe’s first Bitcoin reserve company The Blockchain Group raised approximately 11 million euros to increase its BTC holdings.
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The Smarter Web Company increased its holdings by 230.05 Bitcoins

According to BlockBeats news on July 1, the London-listed technology company The Smarter Web Company announced an increase in its holdings of 230.05 Bitcoins, with an average purchase price of $107,126. The company's total holdings now amount to 773.58 Bitcoins.
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Musk: What is the significance of the US continuously raising the debt ceiling?

Gate News bot message: Musk stated on X: "What’s the point of a debt ceiling if we keep raising it?"
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Market Analysis: Bitcoin is increasingly aligning with the fundamentals of store of value.

Gate News bot news, according to The Daily Hodl quoting a guest article from HodlX, Bitcoin increasingly aligns with the fundamentals of store of value, but it emphasizes that Bitcoin is still widely regarded as a highly volatile risk asset.
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Funds continue to flow in, with Bitcoin Spot ETF seeing a net inflow of nearly $5 billion for 15 consecutive days.

According to Gate News bot, The ETF Store President Nate Geraci disclosed some striking data on social media platform X. He pointed out that Bitcoin Spot ETF has seen a net inflow of funds for 15 consecutive trading days, with a total net inflow of nearly $5 billion. This persistent trend of capital inflow has sparked market interest in
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In June, DEX accounted for nearly 30% of CEX spot trading volume.

Gate News bot news, according to data from DefiLlama and The Block, in June, decentralized exchanges (DEX) processed about $385 billion in spot trading, accounting for nearly 30% of the trading volume of centralized exchanges (CEX).
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Elon Musk's artificial intelligence company xAI completes $10 billion financing.

Gate News bot message, according to a report by The Information, the artificial intelligence company xAI founded by Elon Musk has completed a total financing of 10 billion USD, with funding sources including both debt and equity financing. This financing was advised by Morgan Stanley as the debt transaction advisor. Earlier, Bloomberg reported that Morgan Stanley is
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The encryption lending protocol Maple integrates EtherFi's weETH as collateral.

Gate News bot news, according to The Block, an announcement released on Monday showed that the encryption lending protocol Maple has added EtherFi's weETH as collateral for its on-chain credit platform. The startup stated in a statement that this integration will allow "eligible borrowers to obtain USDC loans while earning ETHFI rewards."
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The ETH/BTC futures trading volume ratio has surged to near parity.

Gate News bot news, on July 1st, according to The Block, the ETH/BTC futures trading volume ratio has soared to nearly parity at 98%, marking a sharp reversal of the prevailing bearish sentiment towards Ethereum for much of 2024. Data shows that investor preferences are shifting, and confidence in Ethereum's prospects is being restored. The ratio has...
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Ethereum futures volume surges, nearly catching up to Bitcoin.

According to Gate News bot, The Block reported on July 1 that the ETH/BTC futures volume ratio has climbed to 98%, nearly reaching historical highs, far above the 42% low in October 2024. This data shows that investor confidence in the Ethereum ecosystem is recovering. This confidence recovery is mainly attributed to three factors: Layer 2 scaling.
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Musk's xAI company secures $10 billion in funding, including debt and equity.

According to Gate News bot, The Information reported that Elon Musk's xAI company successfully raised $10 billion in funding, which includes $5 billion in debt financing and $5 billion in equity funding. Morgan Stanley acted as an advisor for this debt transaction, but did not disclose the specific list of investors. In December last year, xAI had already received from Andreessen
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The mysterious whale trader AguilaTrades has made consecutive mistakes in their holdings operations, resulting in losses of up to $33 million.

Gate News bot message, well-known trader "The Mysterious Whale" @AguilaTrades has encountered consecutive losses amid fluctuations in the Bitcoin market. Data shows that the trader first closed a 20x leveraged Bitcoin short position, and then opened a 20x leveraged go long. However, after the market suddenly fell, he had to exit at $713,000.
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Former Solana advisor Nikita Bier has moved to X platform as Product Manager.

According to Gate News bot, The Block reports that social media entrepreneur Nikita Bier officially joined the social media platform X as the product head on July 1. Bier has founded several popular social media platforms, which were subsequently acquired by Facebook and Discord. Notably, Bier joined Solana in March this year.
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The encryption lending protocol Maple integrates EtherFi weETH as collateral.

According to the Gate News bot announcement released on Monday, the encryption lending protocol Maple has integrated EtherFi's weETH as collateral for its on-chain credit platform. This integration will allow "eligible borrowers to obtain USDC loans while earning ETHFI incentives."
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Questry has secured $1.8 million in Pre-A funding, making a strong push into content tokenization business.

Gate News bot message, according to CoinDesk, the Japanese content tokenization platform Questry has completed the first half of its Pre-A round financing, raising 260 million yen (approximately 1.8 million USD). The Brand New Retail Initiative Fund, Blizzard the Avalanche Fund, and TIS participated in this round of investment. Questry stated that the funds raised will be invested in the content industry.
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The Japanese content tokenization platform Questry raised approximately 1.8 million USD in the first half of its Pre-A round financing.

The Japanese content tokenization platform Questry raised 260 million yen in its Pre-A round of financing, with participation from multiple investment funds. The raised funds will be used to enhance content and digital finance businesses, and explore the application of blockchain in cross-border investment.
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The U.S. Treasury Department has initiated the search for the next Chairman of the Federal Reserve (FED).

According to the Gate News bot, Jin10 reported that U.S. Treasury Secretary Yellen stated on June 30 that the Treasury Department will begin searching for a successor to Federal Reserve Chairman Powell in the coming weeks to months. This move indicates that there may be new changes in the leadership of U.S. monetary policy, sparking market speculation about the future direction of economic policies.
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XRP Ledger officially launches EVM sidechains to achieve cross-chain compatibility with Ethereum

Gate News bot message, The Block reports that the XRP Ledger officially launched EVM sidechains on the Mainnet. This sidechain was jointly developed by Ripple, Peersyst, and Axelar, built on the Evmos software stack. The new sidechains run in parallel with the Mainnet, combining the low-cost transaction features of the XRP Ledger and the smart contract functionality of Ethereum, allowing developers to now build on it.
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XRP Ledger releases Ethereum-compatible sidechains, achieving integration of dual-chain smart contracts.

According to Gate News bot, as reported by The Block, the XRPL EVM sidechain has officially launched its Mainnet operation. This sidechain introduces Ethereum smart contract functionality to the XRP Ledger ecosystem, providing users with a development environment for decentralized applications. As a parallel-running Blockchain, the XRPL EVM sidechain successfully integrates the low-cost features of the XRP Ledger.
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AI-driven superstructure network Datagram completes $4 million Pre-Seed round financing, with participation from Animoca Brands and others.

The AI-driven superstructure network Datagram has completed a $4 million Pre-Seed round of financing, primarily to build a sovereign Layer 1 Blockchain and accelerate Node network deployment. The network integrates idle computing resources and has served 200 enterprises and 1 million users, with the potential to become the foundational layer of a decentralized internet.
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The funds for this increase in BTC holdings were obtained by selling stocks, specifically the sale of MSTR shares worth $519.5 million last week.

BlockBeats news, on June 30, according to The Block, Strategy (formerly MicroStrategy) acquired 4,980 Bitcoins (totaling $531.9 million) funded through the sale of its Class A common stock MSTR, convertible preferred stock STRK, and perpetual Strife preferred stock STRF via ATM (at-the-market) offerings. Last week, Strategy sold 1,354,500 shares of MSTR stock for approximately $519.5 million. The company stated that as of June 29, there are still $18.1 billion worth of MSTR shares available for issuance and sale under this plan. Strategy also sold 276,071 shares for approximately $28.9 million.
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Strategy and other publicly listed companies accumulated a net purchase of BTC 863 million last week.

Gate News bot message, according to SoSoValue data, as of June 30, 2025, Eastern Time, the total net inflow of global listed companies ( excluding mining companies ) to Bitcoin reached 863 million dollars in a single week. Strategy( MicroStrategy) continues to maintain its accumulation momentum, having bought for 13 consecutive weeks. Last week, the company invested $531.9 million.
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Bernstein gives Circle an "Outperform" rating with a target price of $230.

According to Gate News bot, The Block reported that research and brokerage firm Bernstein has issued its first rating on stablecoin issuer Circle, giving it a " outperform" rating with a target price of $230. Analysts from Gautam Chhugani's team point out that Circle is building a leading digital dollar stablecoin network with regulatory advantages and liquidity.
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Bitcoin mining company Argo plans to restructure to avoid bankruptcy, and its stock price has fallen over 60%.

Gate News bot news, on Monday, Bitcoin mining company Argo Blockchain announced a court-supervised restructuring plan in a final effort to avoid bankruptcy, and its stock price fell by more than 60%.
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EthCC, Protocol Guild and others collaborate to launch an on-chain "time capsule" to commemorate the 10th anniversary of the Ethereum Genesis Block.

Gate News bot message, a community-led Ethereum group launched an on-chain "time capsule" on Monday, inviting users to lock in artworks, memories, information, and predictions in encryption smart contracts until the 11th anniversary of the Ethereum network next year.
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The Ethereum community plans to launch an on-chain "time capsule" to commemorate the tenth anniversary of the network's Genesis Block.

The Ethereum community has launched an on-chain "time capsule" where users can submit artworks and memories, to be opened on the 11th anniversary of Ethereum next year. The project aims to commemorate the 10th anniversary of the Genesis Block, with proceeds donated to the protocol guild to support research.
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London small-cap stocks soar! The Bitcoin reserve craze sweeps UK-listed companies, with Tao Alpha rising by as much as 1200%.

Gate news, following the trend led by MicroStrategy, Bitcoin is becoming the "new favorite" on the balance sheets of more and more companies. This craze has spread from the United States and Japan to the United Kingdom, with small listed companies on the London Aquis exchange becoming new players, and their stock prices have seen a big pump, but it also hides huge risks...
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