Author: Kryptonews

Shares in the marketing firm Asset Entities (ASST) rose 52% in after-hours trading on Tuesday after its shareholders approved a merger with Vivek Ramaswamy’s Strive Enterprises to form a Bitcoin treasury company.Asset Entities said on Tuesday that a “strong majority” of shareholders voted for the merger with plans to raise $1.5 billion to buy Bitcoin (BTC). The new company will be renamed to Strive, Inc. and continue trading under the ticker ASST.Asset Entities shares closed trading on Tuesday up 17.8% at $6.28 and rallied over 52% after-hours to $9.55 on the company’s merger announcement.Asset Entities rallied after-hours on Tuesday on…

The NPM (node packet manager) account of developer ‘qix’ was compromised, allowing hackers to publish malicious versions of his packages. The attackers published malicious versions of dozens of extremely popular JavaScript packages, including fundamental utilities. The hack was massive in scope since the affected packages have over 1 billion combined weekly downloads. This attack on the software supply chain specifically targets the JavaScript/Node.js ecosystem. NPM Supply Chain Attack Popular dev qix fell victim to phishing. Malicious code injected into npm packages now hijacks crypto transactions at signing. Attack method:• Hooks wallet functions (request/send)• Swaps recipient addresses in ETH/SOL transactions• Replaces……

The crypto market lost $60 billion in market capitalization during the two hours following revised employment data, revealing a significantly weaker US labor market than previously reported.The Bureau of Labor Statistics (BLS) announced at 10 AM ET on Sept. 9 that preliminary benchmark revisions showed total nonfarm employment was overstated by 911,000 jobs, representing a 0.6% downward revision from March 2024 to March 2025.Bitcoin dropped 1.8% from $112,788.75 to $110,793.69 between 10 A.M. and 11 P.M. ET. Ethereum declined 1.6% from $4,346.56 to $4,277.17 during the same period.Major altcoins posted steeper losses, with Dogecoin falling 4.1% from $0.2469 to $0.2367…

Altcoins are braving turbulent market conditions as Q3 nears its end, leaving investors concerned about what Q4 might bring.  September is typically a month of heightened caution, but Analyst Michael Van De Poppe believes the tide may shift this year, with certain tokens poised to shine. Repeating History? Not reallySponsored Historically, September has been the weakest month for Bitcoin and altcoins. Data shows that Bitcoin averaged a 5% decline during the month, making it the only consistent losing period for the crypto leader. Such drops often drag altcoins lower as well. Want more token insights like this? Sign up for Editor…

The School of Visual Arts (SVA) in New York will be owned by an alumni-affiliated nonprofit following a period of financial difficulties and a recent unionization effort by its faculty. On September 1, the Rhodes family, which has owned it nearly 80 years, transferred ownership to the SVA Alumni Society, a nonprofit that has funded student scholarships since 1972. The school’s longtime president, David Rhodes, has promised that “day-to-day life for students, administration, faculty, and staff would not change,” per a release. Related Articles “For almost eight decades, my family has proudly shepherded SVA through countless changes in the landscape…

Key Takeaways Strive completed a merger to enable $700 million in Bitcoin purchases. The firm plans to begin acquiring Bitcoin immediately as part of its new investment strategy. Share this article Investment firm Strive today completed a merger that enables it to proceed with $700 million in planned Bitcoin purchases. The firm, founded by Vivek Ramaswamy, indicated it plans to begin acquiring Bitcoin “immediately.”The merger’s completion marks a direct move into crypto assets for Strive, which can now execute its previously announced Bitcoin investment strategy. Share this article

The US Securities and Exchange Commission (SEC) delayed decisions on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF, keeping both applications under review until November 12.On Tuesday, the SEC pushed back its deadline on NYSE Arca’s proposal to list the Bitwise Dogecoin ETF. The application was first filed in March and published in the Federal Register on March 17, beginning the statutory review period.That same day, the agency also extended its review of Grayscale’s application to list the Hedera ETF, setting the same November deadline.Grayscale updated filings for its long-standing Litecoin and Bitcoin Cash trusts, seeking to convert them…

Grayscale filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday for three crypto exchange-traded funds, expanding its roster of potential offerings as issuers jockey for regulatory approval.The asset manager submitted an S-1 registration for a Litecoin LTC$112.00 ETF, a move that follows its earlier bid to convert the Grayscale Litecoin Trust into an ETF.At the same time, it lodged S-3 filings for exchange-traded funds tied to Bitcoin Cash BCH$581.22 and Hedera HBAR$0.2280. If approved, the products would join a lineup that already includes spot bitcoin and ether ETFs launched last year.The filings underscore Grayscale’s push to diversify…

New Opportunities in the Digital Economy: A Guide to Bitcoin and Cloud Mining InvestmentsIn today’s rapidly developing digital economy, Bitcoin has long since transcended mere nascent digital currency and has become a crucial component of global asset allocation. Since its launch in 2009, Bitcoin’s decentralized nature, limited supply, and inflation resistance have garnered the attention of individual investors, institutional funds, and even governments worldwide. Investing in Bitcoin is not just about following a trend; it’s also about foresight and strategizing about the future economic landscape.Bitcoin’s Future PotentialWith the continued maturity of blockchain technology, the improvement of the global financial ecosystem,…

Key takeaways:Bloomberg analysts assign 95% odds for an XRP ETF, with a SEC decision expected for October.XRPL adoption lags peers, holding just 2% of Real World Assets despite stablecoin growth.XRP (XRP) price faced rejection on Tuesday after reaching its highest level in nearly two weeks at $3.04. The move was driven by speculation around a potential XRP exchange-traded fund (ETF) approval in the United States and increased institutional participation in XRP derivatives, raising expectations about whether XRP might revisit the $3.60 level seen in July.XRP futures aggregate open interest, XRP. Source: CoinGlassDemand for XRP futures climbed 5% from the previous…