News Archives - CoinCentral https://coincentral.com/news/ Your Bitcoin, Ethereum, and other Cryptocurrency HQ Mon, 07 Jul 2025 18:01:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://coincentral.com/wp-content/uploads/2025/02/cropped-CCIcon-32x32.png News Archives - CoinCentral https://coincentral.com/news/ 32 32 XRP Holders Eye Senate Hearing as Ripple CEO to Testify on Crypto Law https://coincentral.com/xrp-holders-eye-senate-hearing-as-ripple-ceo-to-testify-on-crypto-law/ Mon, 07 Jul 2025 18:01:13 +0000 https://coincentral.com/?p=53676 TLDR The U.S. Senate Banking Committee has scheduled a hearing on cryptocurrency market structure. Ripple CEO Brad Garlinghouse is expected to testify alongside other digital asset industry leaders. The hearing will focus on new legislation aimed at clarifying crypto classifications between the SEC and the CFTC. XRP holders are anticipating that the hearing will help [...]

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TLDR
  • The U.S. Senate Banking Committee has scheduled a hearing on cryptocurrency market structure.
  • Ripple CEO Brad Garlinghouse is expected to testify alongside other digital asset industry leaders.
  • The hearing will focus on new legislation aimed at clarifying crypto classifications between the SEC and the CFTC.
  • XRP holders are anticipating that the hearing will help resolve the long-standing regulatory confusion around XRP.
  • Ripple has been involved with multiple U.S. federal agencies since 2013 regarding XRP’s status.

The U.S. Senate Banking Committee has scheduled a key hearing to examine the future of cryptocurrency regulation. Ripple CEO Brad Garlinghouse will testify alongside other digital asset leaders during the session on Wednesday, July 9, at 10:00 a.m. ET. XRP holders now anticipate that this event may clarify long-standing regulatory conflicts that have affected their token.

XRP Holders Hope for Clearer Guidelines

The hearing will focus on proposed legislation introduced by Republican Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Thom Tillis. These lawmakers seek to draw clearer lines between digital assets regulated by the SEC and those under CFTC oversight. Their proposal introduces specific definitions intended to reduce jurisdictional uncertainty and increase transparency.

XRP holders see this as a potential turning point in resolving ambiguity surrounding XRP’s classification. Ripple’s legal history shows repeated contact with regulators, yet the token remains in regulatory limbo. For years, XRP holders have endured mixed signals from federal agencies, impacting the asset’s adoption and price stability.

The SEC regulates securities, while the CFTC governs commodities, creating overlap when digital assets display features of both. XRP, in particular, has experienced inconsistent categorization despite early recognition by federal agencies. The legislation seeks to prevent future cases like XRP by standardizing how digital tokens are evaluated.

Ripple’s Long Regulatory Road Fuels Hearing’s Relevance

Ripple’s CEO will testify on behalf of XRP holders and the broader blockchain community, emphasizing the need for a unified framework. Since 2013, Ripple has met with multiple U.S. agencies, including the Federal Reserve, the SEC, and the Treasury Department. These meetings aimed to explain how XRP functions and address regulatory concerns.

In 2014, the Government Accountability Office listed XRP as a virtual currency, adding complexity to its classification. Later in 2015, Ripple agreed to comply with banking laws under FinCEN and paid a settlement fine. XRP holders viewed this as evidence of regulatory approval, but conflicts persisted.

In 2018, SEC lawyers applied the Howey Test to XRP but chose not to pursue enforcement actions at that time. Ripple executives then discussed guidance directly with SEC officials, though no violations were raised. These interactions strengthened XRP holders’ belief in Ripple’s commitment to compliance.

Public and Private Sector Actions Complicate XRP’s Status

XRP holders also point to third-party actions as further justification for legal clarity. Coinbase listed XRP after evaluating its compliance status, and the SEC did not object to the listing. MoneyGram disclosed its use of XRP in 2019 filings and conducted cross-border transactions using the token.

Despite this, the SEC filed a lawsuit against Ripple in December 2020, claiming unregistered securities offerings dating back to 2013. This shocked XRP holders, who expected the years of dialogue and cooperation would protect against such legal action. They argue the inconsistency between agency positions has harmed investor trust.

The Financial Stability Oversight Council co-signed a report in 2019 labeling XRP as a virtual currency. Both the SEC and CFTC heads participated in that publication, adding to regulatory confusion. XRP holders continue to cite these conflicting definitions as justification for immediate reform.

Industry Leaders Seek Clarity to Drive Innovation

Garlinghouse will join industry voices including Blockchain Association member Summer Mersinger and Chainalysis CEO Jonathan Levin. Together, they will address the Senate on how fragmented regulation limits innovation and undermines U.S. leadership in digital assets. XRP holders expect their testimony to emphasize urgency and promote a consistent approach.

Paradigm researcher Dan Robinson will also testify, bringing technical insights into how regulation affects blockchain development. Legislators intend to gather input from all sides before finalizing any framework. XRP holders hope the hearing results in more balanced and enforceable laws across agencies.

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Trump Slaps 25% Tariffs on Japan, South Korea as BTC Price Slips https://coincentral.com/trump-slaps-25-tariffs-on-japan-south-korea-as-btc-price-slips/ Mon, 07 Jul 2025 17:39:12 +0000 https://coincentral.com/?p=53668 TLDR President Donald Trump has announced a 25 percent tariff on goods imported from Japan and South Korea. The new tariffs are part of a broader strategy to address trade imbalances with key U.S. trading partners. The announcement triggered a sharp drop in Bitcoin’s price, which is now just above $108,000. Markets reacted quickly to [...]

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TLDR
  • President Donald Trump has announced a 25 percent tariff on goods imported from Japan and South Korea.
  • The new tariffs are part of a broader strategy to address trade imbalances with key U.S. trading partners.
  • The announcement triggered a sharp drop in Bitcoin’s price, which is now just above $108,000.
  • Markets reacted quickly to the tariffs as investors grew concerned about a possible escalation into a trade war.
  • Trump warned that additional countries, including India and the European Union could face higher tariffs if no trade deals are reached.

The United States has confirmed a 25% tariff on imports from Japan and South Korea, sparking immediate market reactions. President Donald Trump announced posts on Truth Social, emphasizing unfair trade practices. Meanwhile, Bitcoin faced renewed selling pressure as markets priced in escalating tensions before the July 9 trade deadline.

Tariffs Imposed Ahead of July 9 Deadline

Trump directed the new tariffs at Japan and South Korea after warning of trade imbalances in recent weeks. The administration argued that the U.S. continues to suffer due to unequal trade deals with both nations. Consequently, these tariffs are part of a broader plan to restore trade leverage before further negotiations.

The timing of the tariffs aligns with a key trade deadline that could involve more countries. Trump previously stated that nations without revised trade deals might face higher import duties. This includes India and the European Union, where talks have reportedly stalled.

While Japan and South Korea have responded diplomatically, further tariffs could disrupt economic ties. Both countries rely heavily on exports to the U.S. for sectors like electronics and automotive. Any retaliatory tariffs from these nations could escalate the conflict further.

BTC Falls Below Key Support as Tariffs Bite

Bitcoin’s price declined sharply following the tariff announcement, reacting to fears of broader economic instability. After a brief recovery in May, BTC is now trading just above the $108,000 level. The current drop marks a significant shift, as earlier optimism fades under renewed global trade pressure.

The BTC market had already shown signs of weakness in early July. Traders anticipated new tariffs ahead of the July 9 deadline, prompting early selling. As a result, prices temporarily dipped below $108,000 before stabilizing.

Trump’s trade actions continue to influence broader crypto sentiment. In April, Bitcoin plunged to $78,000 during the initial tariff wave, reflecting investor concern. Further tariffs may lead to sharper losses if global trade talks deteriorate.

 

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Toncoin Visa Promise Denied by UAE, Binance’s CZ Drops Interest https://coincentral.com/toncoin-visa-promise-denied-by-uae-binances-cz-drops-interest/ Mon, 07 Jul 2025 17:21:51 +0000 https://coincentral.com/?p=53662 TLDR The TON Foundation announced a staking program promising 10-year UAE visas for $100,000 in Toncoin. UAE authorities officially denied any connection to the Toncoin visa offer and confirmed it is not government-approved. The announcement gained traction after Binance founder CZ expressed interest in a similar idea for BNB Chain. CZ later dismissed the Toncoin [...]

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TLDR
  • The TON Foundation announced a staking program promising 10-year UAE visas for $100,000 in Toncoin.
  • UAE authorities officially denied any connection to the Toncoin visa offer and confirmed it is not government-approved.
  • The announcement gained traction after Binance founder CZ expressed interest in a similar idea for BNB Chain.
  • CZ later dismissed the Toncoin campaign after verifying its lack of official backing and regulatory approval.
  • The Toncoin website continues to promote the program despite backlash from the community and UAE officials.

A recent Toncoin announcement has drawn global attention, only to be swiftly dismissed by UAE officials as false. The TON Foundation promoted a program offering 10-year UAE visas in exchange for staking $100,000 in Toncoin. Authorities have denied any association, confirming there is no official partnership or approval for such a scheme.

Toncoin’s Bold Claim Faces Immediate Rejection

Toncoin’s announcement circulated on July 5, drawing strong reactions across the crypto industry and social platforms. The TON Foundation promoted guaranteed returns, low risk, and UAE residency through a staking program. However, UAE regulators have stated there is no such visa path linked to staking Toncoin.

Following the claim, the Emirates News Agency issued a public statement denying any government-backed involvement with Toncoin. Officials clarified the token lacks regulatory approval and cannot serve as a basis for visa grants. As a result, the announcement has now come under heavy scrutiny.

Toncoin continues to promote the initiative online, while the foundation has made no retraction. Despite public disapproval, the related webpage remains active. UAE authorities have also reiterated that such offerings violate local policy and regulations.

CZ Reacts as Toncoin Undermines Trust

Binance founder Changpeng Zhao, also known as CZ, initially welcomed the Toncoin initiative as an exciting idea. Operating from the UAE, CZ considered a similar program for BNB Chain. He acknowledged the concept’s potential but questioned its credibility due to the lack of official verification.

After confirming the UAE’s stance, CZ labeled Toncoin’s campaign as misleading and excessive. He noted several inconsistencies, including the absence of legal or government documents. In response to the clarification, CZ shared a public reaction dismissing the program entirely.

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Elon Musk Backs Bitcoin for America Party, Criticizes US Dollar Policy https://coincentral.com/elon-musk-backs-bitcoin-for-america-party-criticizes-us-dollar-policy/ Mon, 07 Jul 2025 16:59:24 +0000 https://coincentral.com/?p=53647 TLDR Elon Musk has announced that his newly formed America Party will accept Bitcoin as a form of support. He stated that the US dollar is hopeless and signaled a shift toward cryptocurrency-backed politics. Tesla currently holds over 11,000 Bitcoins and remains a top corporate asset holder. Samson Mow encouraged Musk to resume Bitcoin payments [...]

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TLDR
  • Elon Musk has announced that his newly formed America Party will accept Bitcoin as a form of support.
  • He stated that the US dollar is hopeless and signaled a shift toward cryptocurrency-backed politics.
  • Tesla currently holds over 11,000 Bitcoins and remains a top corporate asset holder.
  • Samson Mow encouraged Musk to resume Bitcoin payments at Tesla and offer discounts through SpaceX.
  • Elon Musk criticized Donald Trump’s economic bill for increasing the national debt by trillions of dollars.

Elon Musk announced that his new political party, the America Party, will accept Bitcoin, calling the US dollar hopeless. The announcement followed a social media poll where over 1.24 million people voted, with the majority supporting the new party. Musk’s decision signals a direct challenge to traditional financial systems and existing political structures.

Elon Musk Renews Support for Bitcoin

Elon Musk confirmed that the America Party will support Bitcoin, aligning with his earlier endorsements of digital assets. Tesla, under Elon Musk’s leadership, previously purchased $1.5 billion in Bitcoin and holds 11,509 BTC. As of now, Tesla remains the ninth-largest publicly traded company with Bitcoin in its treasury.

Though Elon Musk had paused Bitcoin payments at Tesla due to environmental concerns, this new move renews his crypto stance. Supporters believe this shift could reshape public trust in digital currency, especially with political backing. Musk’s strategy may also influence how other parties approach cryptocurrency in national debates.

The announcement gained traction after Bitcoin advocate Samson Mow suggested Tesla resume Bitcoin payments. Mow also recommended that SpaceX offer Bitcoin-based discounts, tying Elon Musk’s companies more closely to the digital economy. These suggestions reinforce Musk’s long-standing influence over cryptocurrency markets and their direction.

Dogecoin’s Influence and Political Positioning

Elon Musk also holds influence over Dogecoin, a cryptocurrency that frequently responds to his public statements and social media posts. While he focused this time on Bitcoin, his past support for Dogecoin remains relevant within crypto circles. The markets have seen Dogecoin rise and fall following Elon Musk’s tweets, showing his continued impact.

Musk criticized Donald Trump’s recent “One Big Beautiful Bill,” arguing it would severely increase national debt and damage the economy. The disagreement further widened the rift between Elon Musk and Trump, especially as Musk moves to build a competing political platform. Trump, in response, warned that Musk’s America Party could divide Republican support during the 2026 midterms.

Elon Musk questioned the credibility of Trump’s fiscal promises while highlighting contradictions in his debt-reduction plans. He also stated that the current system fails to protect the country from financial mismanagement. These comments underline his reasons for launching a third party focused on economic reform.

America Party Goals and Public Response

Elon Musk framed the America Party as a necessary alternative to what he views as a one-party system dominated by corruption. He emphasized restoring economic responsibility and giving citizens more control over national decisions. The party’s use of Bitcoin reflects Musk’s rejection of fiat currency and desire for innovation.

The public reaction has been mixed, but many supporters believe Elon Musk could disrupt the political status quo. His businesses already influence technology and finance, and now he’s extending that impact into politics. With Bitcoin integration, the America Party introduces a new angle to digital policy platforms.

Elon Musk continues to push boundaries, blending political ambition with financial innovation in a way that few public figures have attempted. His leadership in Tesla and SpaceX now expands to national politics, guided by strong views on the future of money. The America Party, backed by Bitcoin, marks another chapter in Musk’s growing legacy.

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Bit Digital (BTBT) Stock: Surges 26% as Company Bets Big on Ethereum with 100K+ ETH Strategy https://coincentral.com/bit-digital-btbt-stock-surges-26-as-company-bets-big-on-ethereum-with-100k-eth-strategy/ Mon, 07 Jul 2025 16:36:11 +0000 https://coincentral.com/?p=53630 TLDR Bit Digital Goes All-In on ETH, Dumps BTC Holdings Bit Digital Shifts to Ethereum, Stock Soars 26% Bit Digital Bets Big on ETH with 100K+ Tokens From BTC to ETH: Bit Digital’s Bold New Strategy Bit Digital Now a Top Public Ethereum Staker Bit Digital (BTBT) stock jumped 26.02% in morning trading after the [...]

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TLDR
  • Bit Digital Goes All-In on ETH, Dumps BTC Holdings
  • Bit Digital Shifts to Ethereum, Stock Soars 26%
  • Bit Digital Bets Big on ETH with 100K+ Tokens
  • From BTC to ETH: Bit Digital’s Bold New Strategy
  • Bit Digital Now a Top Public Ethereum Staker

Bit Digital (BTBT) stock jumped 26.02% in morning trading after the company revealed a massive shift to Ethereum. The stock rose $0.7650 to $3.7050 as of 11:57 AM EDT, reaching a morning high of $3.7150. This rise followed the company’s announcement of a completed transition to an Ethereum-focused treasury strategy.

Bit Digital, Inc. (BTBT)

Bit Digital Completes Ethereum Treasury Pivot

Bit Digital confirmed it deployed proceeds from a recent public offering to expand its Ethereum holdings. The company raised about $172 million in gross proceeds and used the capital to buy ETH. In addition, it sold 280 BTC to increase Ethereum exposure.

Bit Digital held 24,434 ETH as of March 31, 2025. After new acquisitions, the company’s ETH holdings now total around 100,603. This marks a decisive shift from its earlier mixed-asset approach to a singular focus on Ethereum.

The company stated that Ethereum’s programmable structure and staking model align with its long-term goals. This new strategy positions Bit Digital as a major player in institutional Ethereum staking. The company plans to increase its ETH position beyond the current 100K.

Bitcoin Holdings Exited to Fund Ethereum Expansion

To accelerate its Ethereum push, Bit Digital exited a portion of its Bitcoin position. The company sold approximately 280 BTC and used the proceeds to acquire additional ETH. This marks a notable break from previous dual-asset holdings.

The move aligns with the company’s broader strategy of focusing on Ethereum-native staking and treasury growth. With these actions, Bit Digital is refocusing its digital asset exposure around Ethereum. The company seeks to lead in ETH-centric public market exposure.

Previously, Bit Digital operated with both Bitcoin and Ethereum assets in its treasury. Now, it is optimizing operations around Ethereum staking, custody, and validator infrastructure. This approach supports the company’s aim to dominate Ethereum-based public market positioning.

Ethereum Strategy Drives Institutional Focus and Yield Goals

Bit Digital now runs one of the largest Ethereum validator infrastructures among public companies. It offers staking, protocol governance, and onchain yield strategies through institutional-grade platforms. This reinforces its shift toward a long-term Ethereum-centric model.

The company uses strategic partnerships within the Ethereum ecosystem to support scale, compliance, and security. With this foundation, it targets enhanced onchain returns and sustainable platform growth. Bit Digital has aligned operational strategy, capital allocation, and platform buildout to maximize Ethereum exposure.

Bit Digital positions itself as a leading Ethereum holding and staking company. It aims to scale beyond 100K ETH and expand its footprint in the ETH ecosystem. As the platform matures, the company sees Ethereum as central to digital asset finance.

 

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Semler Scientific, Inc. (SMLR) Stock: Dips 5% Amid $20M Bitcoin Buy and Soft Q2 Revenues https://coincentral.com/semler-scientific-inc-smlr-stock-dips-5-amid-20m-bitcoin-buy-and-soft-q2-revenues/ Mon, 07 Jul 2025 15:19:34 +0000 https://coincentral.com/?p=53627 TLDR Semler Adds $20M in Bitcoin, Stock Slips on Weak Q2 Revenues Semler Buys More BTC, But Q2 Revenue Miss Drags Shares Down $508M in BTC: Semler’s Crypto Push Grows as Core Sales Slide Bitcoin Gains Soar, But Semler’s Q2 Sales Miss Weigh on Stock Semler Ups BTC Holdings to 4,636, Faces Revenue and Cost [...]

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TLDR
  • Semler Adds $20M in Bitcoin, Stock Slips on Weak Q2 Revenues

  • Semler Buys More BTC, But Q2 Revenue Miss Drags Shares Down

  • $508M in BTC: Semler’s Crypto Push Grows as Core Sales Slide

  • Bitcoin Gains Soar, But Semler’s Q2 Sales Miss Weigh on Stock

  • Semler Ups BTC Holdings to 4,636, Faces Revenue and Cost Pressures

Semler Scientific, Inc. (NASDAQ: SMLR) stock fell nearly 5% today, trading at $38.46, down from $40.45. The decline followed heightened early volatility and a sharp drop shortly after 9:00 AM. Trading volume stood at 238,981 shares, suggesting increased activity and market reaction.

Semler Scientific (SMLR)

The Nasdaq-listed healthcare technology company saw its market sentiment shift after disclosing key updates. These included preliminary financial results for Q2 and an aggressive expansion of its bitcoin holdings. Despite unrealized gains from Bitcoin, lower-than-expected revenue figures contributed to the downward stock movement.

Semler’s latest 8-K filing revealed the purchase of 187 bitcoins between June 4 and July 2 for $20 million. The company used proceeds from its ongoing ATM equity program, which raised $156.6 million through the sale of over 4.1 million shares. This move increased its total bitcoin holdings to 4,636 BTC, valued at approximately $508.4 million.

Bitcoin Buys Continue as Firm Grows Its Treasury Strategy

The company expanded its crypto portfolio during a broader trend of corporate bitcoin accumulation. Semler reported an average purchase price of $106,906 per bitcoin. Its total investment in Bitcoin stands at $430 million, including fees and expenses.

With the current market value of its bitcoin at over $500 million, Semler posted an unrealized gain of $90.5 million since March 31. The company’s BTC Yield, a key metric it uses to measure performance, rose to 29% year-to-date. This figure reflects the growth in its bitcoin holdings relative to its diluted share count.

Semler ranks 15th globally among public firms holding bitcoin, according to data from The Block. The firm joins companies like Metaplanet, GameStop, and others in applying a bitcoin-based capital allocation strategy. Notably, some rivals paused purchases recently while Semler maintained its pace.

Q2 Revenues Lag as Operating Costs Climb

Semler reported estimated Q2 revenues between $8.1 and $8.3 million, below expectations. Operating expenses for the quarter reached up to $10.5 million, including $2 million in non-cash costs. This revenue-expense gap highlighted short-term pressure on the company’s core financials.

The firm confirmed cash and cash equivalents totaled approximately $13.6 million at quarter’s end. While bitcoin gains helped its balance sheet, core operations appeared less robust in the short term. Management noted these financial results are preliminary and unaudited.

Despite crypto-related performance boosts, the stock showed signs of pressure amid broader scrutiny of fundamentals. The market reaction suggests concern over whether bitcoin gains can offset lower core business results. Final audited numbers are expected later, possibly influencing future sentiment.

Equity Offering Fuels Crypto Strategy, Dilution Impacts Shares

Semler continues to fund its bitcoin strategy through equity issuance. Its ATM program with six major firms allows up to $500 million in stock sales. So far, it has issued 4.1 million shares, boosting the total share count to 13.8 million.

This equity expansion provided capital but also diluted existing shareholders, which may explain part of the recent price drop. However, management believes the bitcoin-driven capital strategy adds value long term. The company updates performance KPIs regularly through a dashboard on its website.

Overall, Semler’s current positioning reflects a shift from traditional healthcare metrics toward crypto-linked valuation. With bitcoin volatility high, the company’s strategy will likely continue to draw market attention and debate.



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CoreWeave(CRWV) Stock: Slides 4.59% Amid $9B Core Scientific Acquisition Deal https://coincentral.com/coreweavecrwv-stock-slides-4-59-amid-9b-core-scientific-acquisition-deal/ Mon, 07 Jul 2025 14:23:50 +0000 https://coincentral.com/?p=53619 TLDR CoreWeave Drops 4.6% After $9B Deal to Acquire Core Scientific in Stock Swap CoreWeave Acquires Core Scientific to Secure 1GW Power for AI Expansion Market Reacts Sharply as CoreWeave Buys Core Scientific in $9B Stock Deal CoreWeave Eyes Growth, Snaps Up Core Scientific for Power Infrastructure Core Scientific Shareholders to Get 0.1235 CRWV Shares [...]

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TLDR
  • CoreWeave Drops 4.6% After $9B Deal to Acquire Core Scientific in Stock Swap

  • CoreWeave Acquires Core Scientific to Secure 1GW Power for AI Expansion

  • Market Reacts Sharply as CoreWeave Buys Core Scientific in $9B Stock Deal

  • CoreWeave Eyes Growth, Snaps Up Core Scientific for Power Infrastructure

  • Core Scientific Shareholders to Get 0.1235 CRWV Shares in $9B Acquisition

CoreWeave, Inc. (CRWV) experienced a sharp decline in early trading on Monday, dropping 4.59% to $157.61 by 9:47 AM EDT. The decline followed the company’s announcement of a $9 billion all-stock deal to acquire Core Scientific. The stock fell from around $165 in pre-market trading, reflecting immediate market reaction to the transaction.

CoreWeave, Inc. (CRWV) 

CoreWeave plans to acquire Texas-based bitcoin miner Core Scientific in a strategic move to secure critical data center infrastructure. The deal is structured as an all-stock transaction and values Core Scientific at $20.40 per share. This marks a 66% premium over Core Scientific’s price before deal talks reemerged in June.

The agreement allows CoreWeave to cancel $10 billion in future lease commitments tied to long-term contracts with Core Scientific. Pending regulatory approval, both companies expect the transaction to close in the fourth quarter of 2025. CoreWeave’s board and Core Scientific’s board have both approved the terms.

Core Scientific Acquisition Strengthens Power Infrastructure Access

CoreWeave targets more than 1 gigawatt of power capacity, ensuring sustained access for its AI-related workloads. The transaction includes key Core Scientific sites already hosting CoreWeave’s high-performance computing infrastructure. CoreWeave previously entered a 12-year deal to access about 200 MW from Core Scientific’s facilities.

The acquisition grants CoreWeave direct control over power-intensive infrastructure formerly built for crypto mining. This shift reflects a broader trend where firms adapt mining sites to meet growing computational demands. CoreWeave positions itself to scale faster without being constrained by third-party energy providers.

Core Scientific filed for Chapter 11 bankruptcy in December 2022 amid plunging bitcoin prices and rising energy costs. The firm reemerged from bankruptcy in early 2024 and resumed Nasdaq trading under the ticker CORZ. As part of the merger, Core Scientific shareholders will receive 0.1235 CoreWeave shares for each of their shares.

Stock Movement and Market Sentiment Following the Deal

CoreWeave stock dropped significantly during early trading, reflecting short-term uncertainty surrounding the acquisition. Meanwhile, Core Scientific’s shares fell by nearly 20% at the market open despite the premium offer. The move highlights market skepticism over the long-term value and integration risk of the acquisition.

CoreWeave has expanded rapidly since shifting from crypto mining to high-performance computing. As noted in its IPO filings, the company’s revenue surged more than eight times in 2023. By acquiring Core Scientific, CoreWeave eliminates high future lease costs while locking in energy capacity to support expansion.

CoreWeave remains confident in its strategy to control infrastructure and reduce operational risk. The company expects the transaction to enhance long-term performance by ensuring direct access to scalable energy. Once completed, CoreWeave will hold over 90% of the combined company, while Core Scientific holders retain a smaller stake.

Strategic Background and Deal History

CoreWeave began as a crypto-focused company but transitioned to high-performance cloud computing after Ethereum’s 2022 upgrade reduced mining profitability. The company previously made a non-binding proposal to acquire Core Scientific in June 2024, which was initially rejected. However, the firms maintained ties through their infrastructure agreement, which was signed last year.

Core Scientific owns approximately 977 BTC valued at over $100 million, offering additional digital asset exposure post-merger. The acquisition provides CoreWeave with physical sites, long-term power contracts, and expanded hosting capacity across the U.S. These assets support CoreWeave’s strategic push to scale computing operations without relying on third-party leases.

CoreWeave aims to integrate operations to improve efficiency and vertical control. The company currently serves enterprise clients with Nvidia-powered computing clusters, positioning itself as a growing force in the infrastructure space. The latest move aligns with its mission to ensure access to power and facilities needed to meet increasing computing demands.

 

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Metaplanet Buys 2,205 More BTC, Eyes 210,000 Target by 2027 https://coincentral.com/metaplanet-buys-2205-more-btc-eyes-210000-target-by-2027/ Mon, 07 Jul 2025 12:41:08 +0000 https://coincentral.com/?p=53601 TLDR Metaplanet Adds 2,205 BTC, Now Fifth-Largest Public Bitcoin Holder Firm Eyes 210K BTC by 2027 as Bitcoin Strategy Powers Revenue Growth Metaplanet Boosts BTC Holdings to $1.38B Amid Treasury Expansion Q2 BTC Yield Hits 95.6% as Metaplanet Doubles Down on Crypto Assets Bitcoin-Centric Metaplanet Ramps Up Weekly Buys Despite Market Swings   Metaplanet has [...]

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TLDR
  • Metaplanet Adds 2,205 BTC, Now Fifth-Largest Public Bitcoin Holder
  • Firm Eyes 210K BTC by 2027 as Bitcoin Strategy Powers Revenue Growth
  • Metaplanet Boosts BTC Holdings to $1.38B Amid Treasury Expansion
  • Q2 BTC Yield Hits 95.6% as Metaplanet Doubles Down on Crypto Assets
  • Bitcoin-Centric Metaplanet Ramps Up Weekly Buys Despite Market Swings

 

Metaplanet has added 2,205 BTC to its holdings, signaling its continued commitment to a Bitcoin-centric treasury strategy. This latest BTC acquisition cost approximately $238.7 million and brings the firm’s total to 15,555 BTC. Metaplanet has publicly confirmed its long-term goal to accumulate over 210,000 BTC by the end of 2027.

The company, based in Japan, has steadily increased its Bitcoin position throughout 2024 as part of its strategic shift. Each purchase reflects a consistent approach aimed at aligning operations with Bitcoin’s value proposition. Metaplanet’s current BTC holdings now position it as the fifth-largest public corporate Bitcoin holder.

This acquisition comes as Bitcoin trades around $108,448.83 per coin following a slight weekend increase in value. According to company data, the purchase was executed at an average price of $108,237 per BTC. The move demonstrates the firm’s readiness to scale despite current market fluctuations.

Metaplanet BTC Holdings Rise to 15,555

Metaplanet holds 15,555 BTC after acquiring 2,205 BTC in its latest round of accumulation. The total investment in BTC stands at 225.82 billion yen, approximately $1.38 billion. The company’s average BTC purchase price is now 14.52 million yen per coin.

This acquisition involved a yen outlay of about 34.49 billion, equating to $213 million using current exchange rates. Metaplanet has disclosed that each BTC was purchased at roughly 15.64 million yen. The firm’s aggressive buying strategy continues amid favorable quarterly financial results.

Its rising BTC treasury coincides with a sharp 42.4% year-over-year revenue increase in the second quarter. Revenue for Q2 reached 1.1 billion yen, equivalent to around $7.6 million. The business model relies heavily on Bitcoin integration to drive growth.

BTC Yield Highlights Treasury Efficiency

Metaplanet uses a metric called BTC Yield to measure Bitcoin growth relative to share dilution. For Q2, the company reported a BTC Yield of 95.6%, indicating capital efficiency. This follows a remarkable 309.8% yield in the previous quarter.

BTC Yield tracks change in BTC per fully diluted share to reflect treasury impact more precisely. It isolates gains resulting directly from strategic Bitcoin accumulation. Metaplanet also uses BTC Gain and BTC Yen Gain to enhance performance transparency.

These custom indicators help quantify how treasury moves translate into asset growth. They also serve to reassure stakeholders of sustainable value generation. The strategy focuses on Bitcoin as a long-term reserve asset across all financial reporting metrics.

Long-Term BTC Target Set at 210,000

Metaplanet has revised its Bitcoin goal to exceed 210,000 BTC by the end of 2027. This target underlines the company’s scale up its crypto exposure. It plans to reach this milestone through consistent, structured BTC purchases.

The firm’s disciplined BTC acquisition model reflects a broader transition toward Bitcoin-backed balance sheet management. Every BTC purchase adds to this target while reinforcing strategic alignment. With 15,555 BTC currently held, Metaplanet still has significant ground to cover.

Nevertheless, its purchasing behavior suggests a clear roadmap toward the 210,000 BTC mark. The company is expected to continue weekly BTC acquisitions as part of this plan. Bitcoin remains the core asset in Metaplanet’s long-term treasury framework.

 

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Bitcoin (BTC) Price: Standard Chartered Predicts 25% Rally to $135K This Quarter https://coincentral.com/bitcoin-btc-price-standard-chartered-predicts-25-rally-to-135k-this-quarter/ Mon, 07 Jul 2025 10:37:45 +0000 https://coincentral.com/?p=53578 TLDR Standard Chartered forecasts Bitcoin will surge 25% to reach $135,000 by end of Q3 2025 Bank believes Bitcoin has broken free from traditional post-halving price decline patterns ETF inflows and corporate treasury buying totaled 245,000 BTC in Q2 alone Technical analysis shows Bitcoin approaching breakout zone near $116,000 resistance Long-term projections target $200,000 by [...]

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TLDR
  • Standard Chartered forecasts Bitcoin will surge 25% to reach $135,000 by end of Q3 2025
  • Bank believes Bitcoin has broken free from traditional post-halving price decline patterns
  • ETF inflows and corporate treasury buying totaled 245,000 BTC in Q2 alone
  • Technical analysis shows Bitcoin approaching breakout zone near $116,000 resistance
  • Long-term projections target $200,000 by year-end and $500,000 by 2028

Bitcoin trades around $108,000 as analysts debate whether the cryptocurrency can break through key resistance levels. Standard Chartered released a bullish forecast predicting Bitcoin will jump 25% to reach $135,000 by the end of the third quarter.

Source: CoinGecko

The British bank’s digital asset research head Geoff Kendrick argues Bitcoin has moved beyond historical post-halving price patterns. Traditional cycles would suggest price declines 18 months after halving events, but Kendrick believes this time is different.

“Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle,” Kendrick stated in the bank’s research report.

The most recent Bitcoin halving occurred in April 2024. Previous halvings in 2016 and 2020 led to price corrections roughly 18 months later. However, Standard Chartered points to two factors that weren’t present during earlier cycles.

Institutional demand through exchange-traded funds represents the first major change. Bitcoin ETF flows and corporate treasury buying totaled 245,000 BTC in the second quarter alone. The bank expects this level to be exceeded in both Q3 and Q4.

Corporate bitcoin purchases for treasury purposes mark the second shift in market dynamics. Companies now view Bitcoin as a treasury asset rather than just a speculative investment.

Technical Breakout Zone Approaches

Bitcoin currently faces resistance near $110,000 after consolidating around the $108,000 level. Technical analysts have identified $116,000 as the key breakout zone that could trigger the next major rally.

Crypto strategist Javon Marks projects that breaking above $116,000 could send Bitcoin toward $165,745. This would represent a 52.5% gain from current price levels.

The cryptocurrency shows technical strength with positive MACD readings and RSI at 55, indicating room for upward movement. Bitcoin’s 7-day moving average sits at $107,870, while the 30-day average is $106,177.

A bull flag pattern on hourly charts supports the bullish outlook. Breaking above $111,980 could invalidate current consolidation and push Bitcoin into the $120,000-$145,000 range.

Mixed Signals from ETF Activity

Recent ETF flows present a mixed picture for Bitcoin’s near-term outlook. US spot Bitcoin ETFs posted $342.3 million in outflows last Tuesday, marking their first outflows since June 6.

This reversal ended a 15-day streak that brought $4.8 billion in inflows. The outflows represented 7% of the total inflows seen during the previous two-week period.

Despite recent outflows, Standard Chartered maintains that institutional demand remains the key driver. The bank acknowledges prices could be “somewhat choppy” in late Q3 and early Q4 due to historical correction concerns.

Total Bitcoin ETF assets under management have surpassed $49 billion since launch. The SEC has approved rule amendments for greater ETF exposure, potentially boosting institutional adoption.

On-chain data shows over $8 billion worth of inactive Bitcoin moved recently. Analysis revealed this represented long-term holder redistribution rather than selling pressure, helping settle market sentiment.

Eight dormant Bitcoin wallets moved 80,009 BTC, representing 0.6% of circulating supply. These wallets were part of a group holding 1% of all Bitcoin mined in 2010-2011.

Whale activity suggests large holders are positioning for potential price moves. While volatility remains contained, behind-the-scenes activity hints at preparation for bigger movements.

Not all analysts share Standard Chartered’s aggressive timeline. Kirill Kretov from CoinPanel expressed caution about near-term projections above $135,000.

“While Bitcoin reaching $135K or even $200K by year-end is possible, especially in a thin, sentiment-driven market, I would remain cautious about taking such projections at face value,” Kretov stated.

His on-chain research shows larger players actively accumulating Bitcoin in the $100,000-$110,000 range. Liquidity continues being withdrawn from actively transacting wallets, suggesting a structured accumulation phase.

Paul Howard from Wincent offered measured optimism about Standard Chartered’s forecast. “To date, Geoff has consistently delivered more accurate price predictions than not,” Howard noted.

However, Howard expressed skepticism about the $200,000 year-end target. “I will be surprised if prices touch $200k given this would arguably need around $1Tn additional market cap.”

Other major institutions have released their own Bitcoin forecasts. VanEck expects a “dual-peak cycle” with Bitcoin potentially hitting $180,000 in the first half of 2025.

The Finder.com expert panel, surveying over 50 cryptocurrency analysts, produced an average forecast of $161,000 for Bitcoin by end of 2025. ARK Invest maintains a base case of $1.2 million by 2030.

Standard Chartered’s forecast extends beyond 2025, targeting $500,000 by 2028. The bank views Bitcoin’s institutional adoption trajectory as fundamentally altering market dynamics and rendering historical patterns obsolete.

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TRON (TRX) Price Surges as Network Hits 13 Billion Transactions https://coincentral.com/tron-trx-price-surges-as-network-hits-13-billion-transactions/ Mon, 07 Jul 2025 10:29:00 +0000 https://coincentral.com/?p=53569 TLDR TRON (TRX) is trading at $0.2841-$0.2886, up 3.05% weekly with daily gains of 0.27-2% The network has processed over 13 billion transactions with daily volume averaging 8 million transactions Technical indicators show bullish momentum with TRX trading above major moving averages and RSI at 63 Short-term resistance sits at $0.29-$0.30 with potential targets of [...]

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TLDR
  • TRON (TRX) is trading at $0.2841-$0.2886, up 3.05% weekly with daily gains of 0.27-2%
  • The network has processed over 13 billion transactions with daily volume averaging 8 million transactions
  • Technical indicators show bullish momentum with TRX trading above major moving averages and RSI at 63
  • Short-term resistance sits at $0.29-$0.30 with potential targets of $0.31 and $0.45 by year-end
  • 2025 price predictions range widely from $0.226 to $0.62 across different analysis platforms

TRON is trading at $0.2841 to $0.2886 across exchanges, marking daily gains between 0.27% and 2%. The cryptocurrency has posted a 3.05% increase over the past week.

Source: CoinGecko

Trading volume shows mixed signals. Daily trading volume reached $343.98 million, down 22.99% from the previous day. However, derivative activity increased with open interest rising 2% and trading volume surging 29%.

The network has achieved a major milestone by processing over 13 billion total transactions. Daily transaction counts now average more than 8 million, according to CryptoQuant contributor Darkost.

Much of this transaction volume comes from Tether (USDT) transfers. TRON has become a practical payment system for users in countries with volatile currencies or limited banking access.

In Argentina, people use stablecoins on TRON to purchase household goods. The network serves as a payment rail between Asia and Latin America for stablecoin transfers.

Technical Analysis Shows Bullish Momentum

TRX is trading above all major moving averages, including the 10-, 20-, 50-, and 200-day periods. The price is moving along the upper Bollinger Band, which indicates rising momentum when supported by volume.

The relative strength index (RSI) sits at 63, showing bullish conditions without reaching overbought territory. The MACD indicator displays an upward-pointing signal line with continued positive momentum.

Technical analysts identify strong support levels at $0.25 and $0.22. The 200-day Simple Moving Average provides reinforcement near the $0.25 level.

Short-term resistance appears at $0.29 to $0.30. If TRX breaks through this level, the next target sits around $0.31, which was last tested in mid-June.

Price Predictions Vary Widely for 2025

CoinCodeCap Trading sees potential for TRX to reach $0.45 by year-end 2025. They recommend buying near $0.25 support levels and setting stop-losses below $0.25 to manage risk.

DigitalCoinPrice presents a bullish outlook, predicting TRX could surpass $0.62 by the end of 2025. This forecast assumes continued positive market sentiment and investor inflows.

Changelly offers a more conservative view. Their technical analysis suggests a 2025 maximum of $0.266, which would represent a -6.4% return from current levels.

For July 2025 specifically, Changelly anticipates an average price of $0.294. This would provide a short-term return of 7.7% from current trading levels.

The wide range of predictions reflects different approaches to technical analysis and market sentiment assessment. Forecasts span from $0.226 to $0.62 for 2025.

If TRX fails to hold above the 20-day moving average, traders expect a retest of support near $0.2770. Volume continues to support the current upward trend, reducing the likelihood of a false breakout.

The cryptocurrency maintains its position above key technical levels while transaction activity on the network continues to grow at a steady pace.

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