Author: Kryptonews

Solaxy (SOLX) is making major waves in the market as its presale nears its end. Until now, the SOLX presale has raised an impressive $43 million. Since it will end in two weeks, investors are rushing to get as many SOLX tokens as they can, especially since the current price is only $0.001742. Its affordability contributes to its ranking as the new market entrant. It is built on Solana Layer 2, and its goal is to supplement Solana and elevate its performance to a whole new level. Its popularity shows no signs of slowing down anytime soon. We’ll shed some light…

Strategy, formerly MicroStrategy, plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock so it can fund more Bitcoin purchases.Strategy intends to issue 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, with the ticker STRD, at $100 a share, the Bitcoin-stacking firm said in a June 2 statement. Proceeds from the offering will be used to acquire additional Bitcoin (BTC) and provide working capital, it added.Perpetual preferred stocks often pay fixed dividends indefinitely, with no maturity date and typically have priority over common stock in payouts. Strategy’s perpetual preferred stock…

Popular NFT collection Good Vibes Club have revealed that their studio is behind a recent promotional video for OS2, OpenSea‘s new NFT trading platform.The film showcases a selection of iconic NFT brands that “have shaped and defined the very essence of the space”, including Bored Ape Yacht Club, Pudgy Penguins, Doodles, Azuki and more.Good Vibes Club have stated that this is the first of a “new wave of commercial partnerships”, and that their “world-class talent” are full-speed ahead in building the foundation of a “new global IP”.Key InsightsGood Vibes Club have revealed a partnership with OpenSea to produce the latest…

While Bitcoin has reached new all-time highs, altcoins haven’t even started their bullish cycle. In fact, altcoins are going through a challenging phase. Their bear market has now lasted longer than any in history. Recent analyses from experts show that altcoins have remained in a bear market for an unusually long period. This raises doubts among investors: Will an “altcoin season” really happen this year? The Altcoin Bear Market Has Exceeded Historical Length May did not bring a “sell in May” effect that would worsen the altcoin downturn. However, altcoin market capitalization (TOTAL3) still needs to grow 40% to reach…

The landscape of Bitcoin wallet apps is constantly evolving. In [Year], a multitude of options are vying for your attention, each offering a unique blend of security, usability, and features. Choosing the right one can be daunting, especially for newcomers. This guide will navigate you through the key considerations and highlight some of the top contenders in the market. Understanding Bitcoin Wallet Types Before diving into specific apps, it’s crucial to understand the different types of Bitcoin wallets. These different types offer different balances between security, convenience, and control. Custodial Wallets: These wallets are hosted by a third-party exchange or…

The Centralization Dilemma in Blockchain Governance One of the primary goals of blockchain technology has always been decentralization—empowering networks to operate without central authorities controlling decision-making processes. However, scaling challenges and operational efficiency requirements often lead to unintended centralization, where power consolidates in the hands of few validators, developers, or governance bodies. This undermines the trustless and permissionless nature of blockchain ecosystems. Layer-2 solutions offer a critical pathway to combating such trends by improving scalability, usability, and—most importantly—governance mechanisms. These solutions, such as rollups, sidechains, and other scaling protocols, distribute decision-making and administrative processes more effectively, reducing the risk of…

Robinhood Markets, Inc. has formally concluded its acquisition of Bitstamp, one of the world’s oldest and most reputable cryptocurrency exchanges, in a $200M deal. The transaction, which was unveiled in June 2024, was finalized on May 2, 2025, and was 100% cash-financed. Bitstamp, headquartered in Luxembourg, has a significant international footprint and a sturdy client base. This purchase will be a major move in Robinhood’s ambition to expand its exposure in the worldwide crypto market. Bitstamp has a history of catering to institutional clients. It now serves over 5,000 institutional clients and some 50,000 retail customers. And it gets a lot…

Crypto prime broker FalconX has reportedly acquired a majority stake in Monarq Asset Management’s parent company, previously owned by bankrupt exchange FTX. According to a June 2 report from Bloomberg, the move seeks to expand the firm’s institutional client base and broaden its asset management services.Monarq Asset Management, formerly known as MNNC Group, is a Cayman Islands-registered fund. Prior to operating as MNNC, the hedge fund was known as LedgerPrime and was part of the FTX empire before the exchange’s collapse. Terms of the deal between FalconX and Monarq’s parent company were not disclosed.Founded in 2018, FalconX has moved to…

H2 Headers for Article The Rise of DeFi and Its Security Challenges Decentralized finance (DeFi) has revolutionized traditional financial systems by offering decentralized lending, trading, and yield farming applications. However, its open-source nature and complex smart contracts expose users to vulnerabilities such as hacks, rug pulls, and exploits. On-chain security risks have led to billions of dollars in losses, emphasizing the need for robust safeguards. Blockchain’s Decentralized Security Solutions Blockchain technology provides inherent security benefits like distributed ledgers, immutability, and cryptographic encryption. Additionally, emerging blockchain-based security solutions are enhancing DeFi protection through: Real-time threat detection systems powered by AI and…

Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm.The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2.Source: BitstampBitstamp serves over 5,000 institutional clients and 50,000 retail customers, with most of its trading volume driven by its institutional base. Robinhood said in a separate June 2 statement that the acquisition significantly expands its crypto footprint beyond the US into the European, UK and Asian markets. Bitstamp reported…