News & Research

ProCapBTC, the publicly traded firm founded by crypto investor Anthony Pompliano, has acquired 3,724 Bitcoin worth $386.5 million at an average price of $103,780, according to crypto insights platform Unfolded on X. The purchase is part of the company’s previously announced goal to accumulate up to $1 billion in Bitcoin through strategic funding.

Chainlink has partnered with Mastercard to allow nearly 3 billion Mastercard users to buy cryptocurrencies directly on-chain, according to crypto insights platform Unfolded on X.

SharpLink Gaming, a Nasdaq-listed online technology company, announced it has acquired an additional 12,207 ETH for $30.7 million, bringing its total Ethereum holdings to 188,478 ETH, according to GlobeNewswire press release. The purchase was made between June 16 and June 20 at an average price of $2,513 per ETH.

Decentralized prediction market platform Polymarket is close to finalizing a $200 million funding round, which would push its valuation above $1 billion, according to The Information, as cited by Wu Blockchain on X. The new capital is expected to support Polymarket’s expansion and regulatory efforts.

U.S. asset manager Grayscale has introduced a new investment trust offering exposure to SXT, the native token of Space and Time—a blockchain platform backed by Microsoft’s VC arm and focused on AI and verifiable data, according to CoinDesk. The trust is available to eligible individual and institutional investors.

Aurora Mobile, a Nasdaq-listed tech firm based in China, announced it will allocate up to 20% of its cash holdings to cryptocurrencies like Bitcoin, Ethereum, Solana and SUI, according to its GlobeNewswire press release. The move is part of a broader treasury strategy aimed at portfolio diversification and long-term value creation without affecting core operations or growth plans.

U.S. Federal Reserve Chair Jerome Powell told Congress the Fed remains committed to its dual mandate of maximum employment and stable prices, according to Odaily. He noted the economy is stable, unemployment is low and inflation has declined but remains slightly above the 2% target.

On-chain analysis firm Glassnode reported on X that Bitcoin (BTC) long-term holders (LTH) have continued to show minimal spending activity, with their total holdings nearing an all-time high of approximately 14.7 million BTC. This suggests that despite recent market volatility, seasoned investors remain confident and reluctant to distribute their assets, maintaining their positions in the market.

Bitcoin mining profitability rose 18.2% in May, driven by a 20% increase in BTC price and a slight rise in network hashrate, according to investment bank Jefferies cited by CoinDesk. U.S.-listed miners produced 3,754 BTC, with Marathon leading at 950 BTC. Despite strong output, Jefferies lowered its price target for MARA to $16.

Israeli Prime Minister Benjamin Netanyahu informed U.S. President Donald Trump that he could not call off the planned attack, stating that a response was necessary due to Iran’s violation of the ceasefire, according to an Axios reporter cited by Walter Bloomberg on X.