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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.
- 19:21The U.S. Senate Banking Committee will vote on the nomination of Milan as a Federal Reserve Board Governor on September 10.Jinse Finance reported that the U.S. Senate Banking Committee will vote on the nomination of Milan as a Federal Reserve Board member on September 10.
- 19:17An address increased its holdings by 153,000 HYPE from FalconX, worth approximately $7.9 million.According to ChainCatcher, on-chain data shows that a certain wallet address received 153,000 HYPE (worth approximately $7.9 million) from FalconX 6 hours ago. At the time of writing, HYPE is trading at $50.523, up 7.03% in the past 24 hours and 14.04% over the past 7 days.
- 18:54American tech and financial giants to accompany Trump on his second visit to the UKAccording to Jinse Finance, Sky News reported that Nvidia CEO Jensen Huang is one of the business executives accompanying Trump on his state visit to the UK next week. Jensen Huang is expected to attend the state banquet hosted by King Charles at Windsor Castle. Sources said on Monday that OpenAI founder Sam Altman, BlackRock (BLK.N) CEO Larry Fink, and Blackstone Group (BX.N) CEO Stephen Schwarzman are also expected to attend the event.