Articles for category: Crypto

September 22, 2025

viralnado

Corporate Crypto Treasuries Thrive as Strive and BitMine Boost Holdings

In a significant uptick for the crypto industry, corporate treasury activities are on the rise as digital asset treasury companies (DATCOs) increase their cryptocurrency holdings. On September 22, the asset management firm Strive announced a substantial addition of 5,800 Bitcoin (BTC) to its treasury, reinforcing its long-term investment strategy in digital assets. Strive, which trades under the ticker ASST, is making headlines not only for its Bitcoin acquisition but also for its intention to acquire Semler Scientific Inc. (NASDAQ: SMLR) in an all-stock transaction. Semler is a Bitcoin treasury company boasting a holding of over 5,021 BTC, valued at approximately

September 22, 2025

viralnado

Corporate Digital Asset Treasuries Flourish as Investments in Bitcoin and Ethereum Accelerate

On September 22, 2023, corporate treasury activity within the cryptocurrency sector saw a remarkable upswing, driven by digital asset treasury companies (DATCOs) expanding their holdings. Prominent players like Strive and BitMine Immersion took center stage, showcasing a growing trend of institutional adoption in the digital asset space. In a significant move, Strive announced the addition of over 5,800 Bitcoin to its treasury, bringing its total holdings to 5,886 BTC, valued at approximately $664.5 million at current market rates. Strive’s acquisition comes on the heels of its decision to pursue an all-stock takeover of Semler Scientific, another Bitcoin treasury company that

September 22, 2025

viralnado

CleanSpark Boosts Financing with $100M Bitcoin-Backed Credit from Coinbase Prime

Bitcoin mining firm CleanSpark (CLSK) has announced the acquisition of a substantial $100 million credit line from Coinbase Prime, marking a strategic move that provides the company with new capital while preserving its bitcoin assets. This fresh funding facility has led to a nearly 6% increase in CleanSpark’s shares during post-market trading following the announcement. The prime objective of this new credit is to enable CleanSpark to engage in critical capital projects without the need to liquidate its bitcoin holdings or issue additional shares, actions that could dilute shareholder value. The company plans to utilize the funds for various strategic

September 22, 2025

viralnado

CleanSpark Secures $100 Million Bitcoin-Backed Credit Facility from Coinbase Prime

CleanSpark, a prominent player in the bitcoin mining sector, has successfully arranged a significant $100 million credit facility through Coinbase Prime. This strategic move allows the company to access vital capital without the need to liquidate its bitcoin assets or issue new equity, preserving existing shareholder investment. Following the announcement made on Monday, CleanSpark’s stock saw a notable increase, climbing nearly 6% in after-hours trading. The influx of funds from this credit facility is intended to support a range of strategic initiatives, particularly in enhancing CleanSpark’s energy operations, expanding its bitcoin mining capabilities, and bolstering its high-performance computing (HPC) technologies.

September 22, 2025

viralnado

U.S. and U.K. Unite to Enhance Cooperation on Digital Assets and Capital Markets

The governments of the United States and the United Kingdom have announced the formation of a collaborative initiative, the Transatlantic Taskforce, focused on harmonizing efforts related to capital markets and digital assets. This development came to light on September 22, during a joint statement by U.K. Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent. The primary aim of this task force is to foster deeper collaboration between officials from HM Treasury, the U.S. Treasury, and various market regulators from both nations. By working together, the group intends to formulate effective strategies for overseeing digital assets while simultaneously exploring innovative

September 22, 2025

viralnado

ETH Sell-off Sparks Questions, Institutional Buyers Poised to Step In

Ether (ETH) experienced a notable decline, plunging 9.2% within a mere 12 hours amid a broader risk-off sentiment sweeping across the cryptocurrency market. This significant correction resulted in forced liquidations exceeding $500 million among bullish leveraged positions, although buyers showed resilience, stepping in around the $4,150 mark. As the dust settles, traders are left to ponder whether the recent sell-off was an overreaction and if further corrections toward the $4,000 threshold are on the horizon. The contraction in Ether’s price mirrored trends observed in the wider altcoin sector, suggesting there were no underlying issues specific to the Ethereum ecosystem itself.

September 22, 2025

viralnado

Keeta Token Soars Following Mainnet Debut

The cryptocurrency market witnessed a significant uptick on September 22, as the Keeta Token (KTA) surged following the official launch of the Keeta Layer 1 (L1) blockchain mainnet. The token’s value increased by 5% during the 24-hour period, peaking at $1.11, with a brief surge that saw it climb as much as 10% earlier in the day. Since Friday, KTA has experienced an impressive rally of approximately 50%, bringing its market capitalization to an estimated $447 million, according to data from CoinGecko. The mainnet launch represents a crucial advancement for the Keeta blockchain, introducing a suite of features specifically designed

September 22, 2025

viralnado

SHIB Takes a Hit as Market Shifts, SHIB-DOGE Pair Recovers from Recent Lows

The cryptocurrency market witnessed a significant downturn recently, with Shiba Inu (SHIB), the second-largest meme token by market capitalization, experiencing a notable decline. In a 24-hour span, SHIB fell by 5%, dropping from $0.000012888 to $0.000012188. This decline contributed to the liquidation of over $1 million in leveraged positions, predominantly long bets, suggesting that market sentiment was leaning bullish prior to the downturn, as reported by Coinglass. As SHIB’s price dipped, robust resistance emerged at the $0.00001237 level, while the support line was established at $0.00001197. The price movement was characterized by a significant increase in trading volume, with a

September 22, 2025

viralnado

Bitcoin’s Liquidation Surge Signals Market Shifts, Altcoins Struggle

In a significant turn of events, Bitcoin (BTC) has experienced its highest level of long liquidations in over a year, raising concerns about the stability of bullish momentum in the crypto market. Following a sharp decline that saw BTC drop to $111,800 before recovering to around $112,700, data from CoinGlass revealed that traders faced over $1.62 billion in long liquidations within just 24 hours, marking a substantial blow to bullish positions. This spike in liquidations indicates that many traders are reconsidering their positions, as the market shows signs of weakening despite some analysts holding a more optimistic outlook. Historical data

September 22, 2025

viralnado

Hydration Unveils HOLLAR: A New Decentralized Stablecoin in the Polkadot Ecosystem

Hydration, the leading decentralized finance (DeFi) protocol on the Polkadot network, has officially launched its native stablecoin, HOLLAR, on September 22. This innovative stablecoin aims to offer a decentralized, over-collateralized solution for users, borrowing its strength from a blend of established cryptocurrencies. Designed to maintain a stable value pegged to the U.S. dollar, HOLLAR is backed by a diverse array of assets, including Polkadot’s own DOT token, as well as Ether (ETH) and Bitcoin (BTC). Currently, DOT is valued at approximately $4, reflecting a 7% decrease on the day of the launch. The introduction of HOLLAR comes at a significant