Upexi to raise $200 million to expand Solana treasury to 1.65 million SOL
Upexi expects to have 1.65 million SOL, worth around $273 million at current prices, upon closing its convertible note offering around July 16. Source link
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Liquid restaking token platform Inception to sunset operations after struggling to find ‘product market fit’
Inception’s closure comes just days after Eigen Labs laid off 25% of its workforce to focus on its decentralized cloud platform EigenCloud. Source link
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Animoca to provide up to $100 million in BTC to Asian food giant DDC to boost bitcoin treasury
Animoca’s Yat Siu will also join DDC’s Bitcoin Visionary Council to offer input on the Asian food giant’s bitcoin treasury strategy. Source link
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Treasury Department, IRS remove controversial ‘crypto broker’ tax rule requiring non-custodial service providers to file customer transaction info
The official repeal ends the years-long saga surrounding the tax update proposal, which aimed to improve financial transparency but sparked privacy concerns. Source link
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Bitcoin hits new all-time high above $113,000, up 96% year over year
Just yesterday, bitcoin broke past $112,152 for the first time before receding to the $111,000 mark. Source link
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Convicted crypto scammer Nicholas Truglia sentenced to additional 12 years in prison for failing to pay $20 million restitution: report
Truglia was sentenced to 18 months in prison in December 2022 for a $20 million crypto scam involving an illicit SIM card swap. Source link
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Hacker drains $42 million from decentralized perpetual exchange GMX
While a post-mortem of the attack has yet to occur, the hacker appears to have drained funds out of GMX’s GLP liquidity pool. Source link
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Story and World partner to verify IP ownership onchain amid proliferation of AI-generated content
By integrating World ID into the Story network, creators can not only verify the IP in their wallet but set terms for how others can...
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SharpLink Gaming discloses holding 205,634 ETH in second-largest treasury behind Ethereum Foundation
Between June 28 and July 4, SharpLink purchased 7,689 ETH, valued at $19.7 million as of writing, for about $2,501 per token. Source link
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SoFi adds investment opportunities for pre-IPO firms such as OpenAI, SpaceX, Epic Games
SoFi joins major finance players Robinhood and Republic in offering retail investors exposure to private companies. Source link