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Quick Take The Nasdaq-listed media and entertainment company has increased its digital asset treasury management authorization from $100 million to $250 million. As part of this program, the board approved a new NFT yield strategy and formed strategic partnerships with Dialectic’s Ryan Zurrer and Goff Capital’s Rhydon.
Cardano’s ADA token jumped to a four-month high of $0.92 following founder Charles Hoskinson’s announcement of an independent treasury audit to address fraud allegations involving 318 million ADA tokens.
Strategy added 6,220 Bitcoin for $740 million as price traded at new highs, and coincides with insider share sales from executives.
Nasdaq-listed GameSquare Holdings acquired $30 million worth of Ethereum and expanded its crypto investment authorization to $250 million. The company plans to leverage DeFi protocols for yield generation while building NFT portfolios.
With price pulling back slightly after touching a new all-time high, Bitcoin has hovered around $117k throughout the week. Capital flows remain robust. Profitability metrics have started to cool. Overall, market conditions reflect a healthy yet fragile balance.
- 06:11Data: A major whale purchased $300 million worth of ETH from Galaxy within three days and is now facing an unrealized loss of $26 millionAccording to ChainCatcher, Arkham monitoring shows that whale address 0xdf0A has purchased a total of $300 million worth of ETH through Galaxy Digital OTC trading over the past three days. The current unrealized loss has reached $26 million, representing a decline of approximately 8.7%.
- 06:02Data: The tokens with the highest smart money net inflows in the past 24 hours are MAGICIAN, AIPEPE, and CHILLHOUSEForesight News reports that, according to Nansen data, the tokens with the highest net smart money inflows in the past 24 hours are: MAGICIAN on Ethereum (net inflow of $132,000), AIPEPE on Ethereum (net inflow of $126,000), and CHILLHOUSE on Solana (net inflow of $67,000).
- 06:02Bio Protocol Enters V2 Phase, Users Can Earn BioXP Through StakingForesight News reports that Bio Protocol has entered the V2 phase and launched Launcher V2, allowing users to sell low-market-cap BioAgents, IP-Tokens, and BioDAOs. In addition, users can stake BIO and DeSci tokens to earn BioXP, and accumulate points by participating in activities. These points can be used to access new sales.