Bitcoin bounced to $106,000 as traders bet on higher chances of Fed interest rate cuts due to tensions in the Middle East. Key takeaways: Bitcoin swiftly rebounded to $106,000, signaling firm institutional investor demand despite growing global unrest. A sharp 8% drop in Bitcoin’s hashrate raised concerns over mining stability amid Middle East tensions. Read more
Anchorage Digital is expanding its Porto wallet with Uniswap integration, giving institutions direct access to DeFi swaps and liquidity. Anchorage Digital is adding decentralized finance (DeFi) capabilities to its Porto wallet, enabling institutions to make swaps and access liquidity through the product. The move brings another wallet option to institutional investors. The DeFi capability is made possible through a Uniswap integration. Nathan McCauley, CEO and co-founder of Anchorage Digital, billed the integration as enabling institutions in DeFi to “move at crypto-native speed — without compromising security.” Among the company’s Porto wallet clients are Maple Finance, the Sui Foundation and decentralized exchange dYdX. Other companies that have rolled out institutional wallets or platforms include Blockdaemon, Fireblocks, Consensys and Fordefi. Read more
Trump Media’s recently announced $400-million buyback plan will not alter its strategy of using $2.3 billion to invest in Bitcoin, according to the company. Trump Media and Technology Group, the company that owns the Truth Social platform, said its $400-million share buyback program will not affect its plans to create a Bitcoin treasury. In a Monday notice, US President Donald Trump's media company said its board of directors had authorized the repurchase of up to $400 million in common stock. The stock buyback does not impact the company's strategy to establish a Bitcoin (BTC) treasury using more than $2 billion in funds, it said. The media group initially denied reports that it was planning to raise roughly $3 billion to invest in cryptocurrency, but later confirmed a $2.5-billion capital funding to purchase Bitcoin. According to the Monday notice, Trump Media’s Bitcoin strategy “featured a private placement offering of approximately $2.3 billion in the aggregate.” Read more