Author: Kryptonews

Shares in the healthcare-turned-Bitcoin holdings company KindlyMD Inc. halved on Monday as its CEO warned of an upcoming increase in “share price volatility” and encouraged short-term traders to sell if they’re only looking to profit.“We expect share price volatility may increase for a period of time,” David Bailey said in a shareholder letter on Monday, citing the firm’s regulatory filing on Friday registering a $200 million discounted share sale to private investors.“For those shareholders who have come looking for a trade, I encourage you to exit.”KindlyMD’s deal, called a private investment in public equity (PIPE) offering, raised money by offering…

In brief Google’s Gemini to #1 in app downloads this month and Search interests this week. This is the first time Gemini app dethrones ChatGPT. This also helped boost Google’s valuation to beat $3 trillion, just behind Nvidia, Apple and Microsoft. Google’s Gemini app hit the top of the Apple App Store on September 15, dethroning ChatGPT for the first time since OpenAI’s chatbot launched nearly three years ago. The catalyst wasn’t a breakthrough in artificial general intelligence or some new reasoning mode—after all, Gemini 2.5 was released in March—it seems to be the public’s thirst for making memes and…

Investors have not priced in Ethereum’s (ETH) potential to replace Wall Street’s outdated settlement infrastructure, according to SharpLink CEO Joseph Chalom and EigenLayer founder Sreeram Kannan.During a Sept. 15 Milk Road podcast discussion, Chalom, who previously led BlackRock’s digital asset initiatives, outlined the fundamental friction plaguing traditional finance.Current systems require day-long settlement periods, create counterparty risks, and force market participants to post collateral for overnight financing while intermediaries extract rents from these inefficiencies.He stated:“The current ecosystem is pretty inaccessible and filled with friction where intermediaries are taking rents.”SharpLink CEO then contrasted the dynamic with Ethereum’s atomic settlement capabilities that execute…

In September, several crypto KOLs revealed plans to launch and promote tokens through livestreaming on Pump.fun. This approach sometimes pushed market capitalizations of these tokens into the tens of millions of dollars, drawing strong attention from content creators. The trend highlights the model’s appeal and the questions surrounding its risks and potential. Pump.fun Livestreams Position Against Rumble, Twitch, and KickSponsored The core idea is simple: token creators use livestreams to interact directly with their communities, spark excitement, and drive token value. Pump.fun reintroduced its livestream feature in April after a pause. Within less than six months, the platform’s founder claimed…

KindlyMD’s NAKA shares slumped to $1.28 on Sept. 15, down by 54% in the past 24 hours and over 90% over one month.The healthcare-turned-Bitcoin (BTC) treasury company faces mounting pressure from equity dilution plans and broader investor fatigue toward digital asset treasury strategies.The Nasdaq-traded medical firm transformed into a Bitcoin treasury company after merging with Nakamoto in August, subsequently announcing plans to raise up to $5 billion through an at-the-market stock program to expand Bitcoin reserves.KindlyMD disclosed its first purchase of approximately 5,744 BTC valued at $635 million earlier this month.The stock peaked above $15 in late August before beginning…

Following a threatened crackdown on what he his administration called “corrosive ideology” in American museums, Donald Trump has ordered a national park to remove a famous photograph of a formerly enslaved man baring his scarred back. The Washington Post, which first reported the news on Monday night, did not specify which park would be impacted by the removal of the photograph and cited anonymous sources. But the article said it was one of “multiple” parks impacted by the orders, which target “signs and exhibits related to slavery at multiple national parks,” per the article. Related Articles Taken in 1863, the…

The boom in digital asset treasury (DAT) companies — fueled by the success of Strategy’s Bitcoin-buying — has shone a spotlight on cryptocurrencies such as Bitcoin, Ether and Solana. However, that spotlight has dimmed in recent weeks as the market net asset values (mNAVs) of many DATs collapsed, exposing smaller firms to growing risks, Standard Chartered warned Monday.In the world of DATs, mNAV measures the ratio of a company’s enterprise value to the value of its cryptocurrency holdings. An mNAV above 1 allows a firm to issue new shares and keep accumulating digital assets. Below that threshold, it becomes far…

Bitcoin BTC$108,783.53 mining profitability declined 5% last month primarily becuase of an increase in the network hashrate, investment bank Jefferies said in a research report Sunday.”A hypothetical one EH/s fleet of BTC miners would have generated ~$55k/day in revenue during August, vs ~$58k/day in July and ~$44k a year ago,” wrote analysts led by Jonathan Petersen.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s).U.S.-listed mining companies mined 3,573 bitcoin in…

US lawmakers are set to meet with 18 crypto industry executives, including Strategy chairman Michael Saylor, on Tuesday to discuss how Congress can move forward with President Donald Trump’s Strategic Bitcoin Reserve.Those in attendance will also include Fundstrat CEO Tom Lee, who is also the chairman of BitMine, as well as MARA CEO Fred Thiel, according to crypto advocacy group The Digital Chambers, which shared the full list with Cointelegraph on Monday. The industry executives are looking to build momentum behind the BITCOIN Act, a measure introduced by US Senator Cynthia Lummis in March that calls on the government to acquire…

Robinhood (HOOD) is moving deeper into private markets with a new venture capital fund designed to give everyday investors access to companies before they go public.The company has filed with the Securities and Exchange Commission (SEC) an initial registration statement to launch Robinhood Ventures Fund I (RVI), a closed-end investment vehicle that aims to buy stakes in private companies that are leaders in their industries.The fund, managed by a newly formed subsidiary called Robinhood Ventures, would be traded on the New York Stock Exchange, pending regulatory approval.Robinhood faced criticism earlier this year after it announced that it was offering users…