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SHARPLINK GAMING becomes the largest publicly traded ETH holder with a $463 million acquisition
SHARPLINK GAMING becomes the largest publicly traded ETH holder with a $463 million acquisition $ETH #ETH

CoinOtag 2025-06-13 15:00
Another Hyperliquid whale switches to short BTC position
Another closely watched Hyperliquid whale suffered losses from its long position. The whale, recognized as one of the most experienced traders in the crypto space, switched to a short position with 20X leverage. Another Hyperliquid whale was pushed out of its long position following the downturn of BTC prices. The whale, recognized as @aguilatrades, is one of the oldest known participants in the BTC market. Unlike Wynn, this trader hardly publicizes its decisions and trades, and is not seeking popularity. The new wallet was identified just days ago and tagged by on-chain investigators. AguilaTrades( @AguilaTrades ) has closed his $BTC long position with over $12.4M in losses — and flipped short. Will he keep racking up losses, or is this short his shot at redemption? https://t.co/dSItG8OY3n pic.twitter.com/L04a0FyNtE — Lookonchain (@lookonchain) June 13, 2025 Hyperliquid whales have suffered recent liquidations On-chain data showed the trader closed a 40X leveraged long on BTC, absorbing $12.4M in losses. Soon after that, the whale opened a 20X leveraged short position valued at over $878K. At one point, AguilaTrades took a position opposite the risky trader James Wynn . The inflow of whale traders also attracted none other than Andrew Tate , who was quickly liquidated in the high-risk market. Recently, Wynn also got liquidated on multiple positions, also involving meme tokens like PEPE. Counter-trading Wynn was still a winning strategy, as in the case of one whale making $8M from shorting BTC just in time for its downturn. The Hyperliquid whale was closely watched for a shift in sentiment, as long positions were attacked again. | Source: Hyperliquid The series of liquidations affected multiple whales that voted confidence in BTC or went long on ETH. BTC traded at $104,763, while ETH slid to the $2,500 range, breaking its attempt to regain $2,800. The market momentum turned, as greed trading shifted to a more neutral attitude. The liquidations for long whales coincided with the market-wide downturn and liquidation of long positions. Around $1B was liquidated from the crypto markets in the past 24 hours, with over $451M in liquidations for BTC pairs. Hyperliquid activity remains near peak levels Despite this, Hyperliquid’s activity remained near peak levels, aiming to retain its activity from April and May. Hyperliquid usually became more active during times of clear direction for top coins, with whales taking high-profile positions. Following the recent peak activity, HYPE slid down to $40 after peaking at $43.76. The token sees additional buying pressure from whales, which may bring the price back toward $45. Whales are also using Hyperliquid to build positions on the native token, as well as currently hot meme tokens. Hyperliquid remains a high-risk venue, which has still produced whales with significant earnings, based on the DEX leaderboard . The high-profile trades partially disguised the performance of whales that still managed to win in the current market. Hyperliquid still reflects the general exuberance of the market. However, there are skeptics that see the exchange as a venue for money-laundering, using liquidations to sway the asset price, while holding the reverse position on another exchange. Additionally, Hyperliquid users are still expecting a potential second airdrop, keeping up activity in the hopes of receiving a higher payout. Hyperliquid remains the ninth-largest ecosystem by value locked, mostly due to the weight of the native HYPE token, but also for a small collection of memes . The ecosystem locks in $1.6B in value, with near-record inflows of USDC in the past days. The DEX still contains over $3.1B in USDC, breaking to a new high in the past week. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Cryptopolitan 2025-06-13 15:00
KuCoin Launches Fully Regulated Crypto Exchange in Thailand
KuCoin has officially launched a fully regulated local subsidiary in Thailand , marking a significant milestone in the platform’s Southeast Asia expansion strategy. The move comes after KuCoin secured a license from Thailand’s Securities and Exchange Commission (SEC), allowing it to operate as a legally recognized digital asset exchange. Announced on Friday, the new entity—KuCoin Thailand—is the company’s first fully licensed exchange in any market. The platform was formed through the acquisition and rebranding of ERX Company, which was Thailand’s first SEC-regulated digital token exchange. All existing ERX users have been migrated to the newly launched KuCoin platform. KuCoin emphasized that the launch demonstrates its dedication to regulatory compliance and security. The exchange recently attained both the SOC 2 Type II and ISO 27001 certifications, underlining its focus on robust data protection and risk management practices. “This marks a significant step toward strengthening our presence in the fast-growing markets of Southeast Asia,” said KuCoin CEO BC Wong. “More importantly, it brings secure, accessible crypto services to users where they are.” Strategic Market Entry Through Acquisition Rather than building from the ground up, KuCoin chose to acquire ERX to accelerate its market entry. This strategic approach enabled KuCoin to enter Thailand’s competitive crypto market with an established user base and SEC oversight already in place. ERX was rebranded to KuCoin Thailand on April 22, and operations have since been transitioned to the KuCoin platform. Thailand is a rapidly growing hub for digital asset trading, currently home to eight other licensed exchanges, including Bitkub Online, Gulf Binance, Upbit Exchange, and WAAN Exchange. With the KuCoin Thailand launch, the exchange positions itself among these top players, eyeing both local and international traders. Thailand Crypto Ambitions KuCoin’s expansion aligns closely with the Thai government’s pro-crypto stance. The country has been pursuing several initiatives to integrate blockchain and crypto technologies into its economy. Among them is a plan to allow tourists in Thailand to make crypto payments via credit card systems—a move that could boost Thailand’s appeal as a tech-savvy travel destination. Additionally, Thailand is exploring the launch of a Thai Baht-backed stablecoin tied to government bonds. This could democratize bond investments and potentially introduce a new means of everyday payments, setting the stage for further crypto adoption in the region. The post KuCoin Launches Fully Regulated Crypto Exchange in Thailand appeared first on TheCoinrise.com .

The Coin Rise 2025-06-13 15:00
Charles Hoskinson admits, ‘What’s killing Cardano is our stablecoin situation’
What’s the catch, and why is the community panicking?

AMB Crypto 2025-06-13 15:00
Mercurity and Galaxy CEOs Double Down on Bitcoin Adoption
The institutional case for Bitcoin is gaining strength as public companies and investment leaders increasingly position the digital asset as a long-term strategic reserve. Galaxy Digital’s Mike Novogratz reiterated his projection that Bitcoin could rise tenfold to reach $1 million, while Mercurity Fintech Holding unveiled plans to raise $800 million to build a corporate Bitcoin treasury. Mike Novogratz Projects $1 Million Bitcoin: A Macro Asset on the Rise Galaxy Digital CEO and outspoken crypto advocate Mike Novogratz is once again making waves with his bullish stance on Bitcoin, predicting the digital currency could one day reach $1 million per coin. Speaking in an interview with CNBC on Thursday, Novogratz outlined a scenario in which Bitcoin continues its steady ascent by gradually displacing gold as a store of value, driven by younger generations and expanding institutional adoption. “The bull case becomes that over time young people care about it more than old people, so gold slowly gets replaced by Bitcoin,” Novogratz said. “If you look at gold's market cap and Bitcoin's market cap, Bitcoin has a long way to go — 10x — and so that’s [$1 million] Bitcoin just to be where gold is.” Novogratz’s outlook isn’t based on short-term speculation but rather a broader shift in the global financial paradigm. With Bitcoin currently trading around $106,210 and a total market capitalization exceeding $2 trillion, reaching a $1 million valuation would imply a staggering $20 trillion market cap — putting Bitcoin on par with the total estimated value of all the world’s gold. The Galaxy Digital chief emphasized that macro-level adoption of Bitcoin is already underway. ”Now we’ve got all these treasury companies buying Bitcoin, we’ve got sovereign wealth buying Bitcoin, we’ve got retail investors buying Bitcoin,” he said. “The adoption of Bitcoin as a macro asset, as an asset to save money in — I think that’s now a ball rolling downhill.” That momentum is most clearly seen in the rise of institutional Bitcoin investment vehicles, most notably BlackRock’s spot Bitcoin ETF. Since its launch, the ETF has accumulated over $70 billion in assets under management, accounting for roughly 3% of the total Bitcoin supply. The product provides traditional investors with exposure to Bitcoin without the complexities of self-custody, making it easier than ever to add the asset to a portfolio. This institutional interest is helping to legitimize Bitcoin as a modern-day alternative to traditional safe havens like gold. According to Novogratz, it’s this systemic shift — rather than speculative hype — that is laying the foundation for Bitcoin’s long-term growth. A Broader Chorus of Bulls Novogratz is far from alone in predicting Bitcoin’s meteoric rise. Cathie Wood’s ARK Invest made headlines in April when it raised its long-term price projection for Bitcoin from $1.5 million to $2.4 million by 2030, citing continued institutional inflows and technological innovation. Strategy co-founder Michael Saylor, another vocal Bitcoin bull, has also consistently reiterated his belief in Bitcoin’s long-term trajectory, going so far as to funnel billions of dollars from his company’s balance sheet into the cryptocurrency. Bitcoin’s fundamentals have continued to strengthen as well. With an annual price appreciation of over 50%, the asset is now trading within reach of its all-time high of $111,000. Despite short-term volatility, the longer-term trend remains bullish, particularly as macroeconomic conditions favor hard assets amid concerns of inflation and fiat currency debasement. While Novogratz’s comments are bullish, they are not without vested interest. Galaxy Digital has positioned itself deeply within the crypto ecosystem. The firm’s asset management division last year raised $113 million for Galaxy Ventures, a fund dedicated to early-stage crypto investments. Additionally, the company holds approximately 12,830 BTC on its balance sheet — worth more than $1 billion at current prices — and operates a large-scale Bitcoin mining operation in Texas. The performance of Bitcoin has a direct impact on Galaxy Digital’s financial health, as well as the broader valuation of the crypto sector. A tenfold increase in Bitcoin’s price would not only validate Novogratz’s thesis but significantly boost the firm’s own assets and revenue. Roadblocks Ahead? Despite the optimistic outlook, a number of factors could slow Bitcoin’s ascent to $1 million. Regulatory uncertainty remains a significant concern, especially in jurisdictions with tightening scrutiny on crypto markets. Moreover, the pace of institutional adoption, while growing, still faces hurdles in terms of infrastructure, security, and risk management. Critics also point to Bitcoin’s scalability and energy consumption as challenges to mass adoption, although proponents argue that these issues are being mitigated by innovations in layer-2 scaling solutions and growing use of renewable energy in mining operations. Novogratz’s vision for Bitcoin is not predicated on short-term price action, but on a multi-decade transformation of global finance. As the asset becomes more embedded in the portfolios of corporations, sovereign wealth funds, and everyday investors, its utility as a digital store of value could rival or even exceed that of gold. Whether Bitcoin will eventually reach the $1 million milestone remains to be seen. But if the current trajectory of adoption, innovation, and institutional integration continues, Novogratz’s projection might be less far-fetched than it seems. Mercurity Fintech to Raise $800M for Bitcoin Treasury Reserve Amid Rising Corporate Crypto Adoption Meanwhile, Mercurity Fintech Holding, a Nasdaq-listed digital finance firm focused on blockchain-based payment infrastructure, announced plans on Wednesday to raise $800 million in capital to create a long-term Bitcoin treasury reserve. The move places the company among a growing list of corporations integrating Bitcoin into their balance sheet strategies as institutional adoption of crypto assets accelerates worldwide. In its official statement, Mercurity detailed that the Bitcoin reserve would be established using a blockchain-native approach, incorporating custody solutions, staking mechanisms, and tokenized treasury management services. The initiative is aimed at creating a resilient and yield-generating asset reserve that aligns with the firm’s strategic focus on digital financial infrastructure. Mercurity’s proposed $800 million capital raise—if executed at current market prices near $104,000 per BTC—would enable the company to purchase approximately 7,433 Bitcoin. This would catapult Mercurity into the 11th spot among corporate Bitcoin holders globally, surpassing GameStop, which holds 4,710 BTC, according to data from Bitbo. Largest corporate Bitcoin holders (Source: Bitbo ) The initiative reflects a growing corporate trend of transitioning idle treasury funds into digital assets with long-term upside and inflation-hedging potential. Mercurity said it plans to structure the reserve in a way that generates yield while maintaining strategic exposure to Bitcoin as a long-duration asset. The reserve will integrate with blockchain-based treasury management services, reinforcing the company's commitment to decentralized financial systems. Corporate Bitcoin Adoption Reaches Record Highs Mercurity’s announcement comes amid a surge in corporate interest in Bitcoin. Recent figures from BitcoinTreasuries.NET reveal that over 223 public companies now hold Bitcoin in their treasuries, up from just 124 earlier this month. These firms collectively control over 819,000 BTC, equivalent to nearly 3.9% of Bitcoin’s total supply. Firms like Strategy, Galaxy Digital, and Tesla have already paved the way for Bitcoin to become a legitimate corporate reserve asset. Strategy alone holds more than 214,000 BTC, and the trend appears to be accelerating with new entrants like Mercurity Fintech stepping into the arena. While Bitcoin remains the primary asset of choice for corporate treasuries, alternative cryptocurrencies are also gaining traction. For example, Interactive Strength, a Nasdaq-listed fitness equipment manufacturer, recently disclosed plans to raise up to $500 million to establish a Fetch.ai (FET) token treasury. The move underscores a broader institutional appetite not just for Bitcoin, but for blockchain-based assets more generally.

Coinpaper 2025-06-13 15:00
Assessing Strategy's New Perpetual Stride Preferred Shares
Summary (Micro)Strategy's Bitcoin purchases have dramatically slowed down so far in June. Through a $1 billion capital raise, Strategy has given the market a third preferred share option, Perpetual Stride Preferred Stock, for income investors with higher risk tolerance. STRD pays an effective yield of 11.3%, though dividend payouts are not mandatory. I still like STRF far better due to seniority and cumulative, mandatory payouts, but I think STRD is also worth a look. After purchasing Bitcoin ( BTC-USD ) at a blistering clip for much of April and May, Strategy ( MSTR ) has slowed down the company's purchases of BTC during the month of June. Through June 11th, Strategy has reported buying just 1,750 BTC at a total cost of $185 million: Reported Periods (Strategy, Author's Chart) For just about any other company in the public equity markets, $185 million in just a couple of weeks would be significant. But for Strategy, this is perhaps underwhelming, given the company has averaged about $4 billion per month going back to September. What is also interesting, in my view, is that both of the announced purchases have come with funding through Strategy's preferred stock offerings via the MicroStrategy Incorporated 10.00% SER A PERPETUAL STRIFE PFD STK ( STRF ) and MicroStrategy Incorporated 8.00% SERIES A PERPETUAL STRIKE PFD ( STRK ) rather than through the company's common stock. Simultaneous to these preferred share-driven BTC acquisitions, Strategy announced the offering and pricing of a third perpetual preferred share, this latest one is the Perpetual Stride Preferred Stock ( STRD ). In this article, I'll detail how STRD is different from Strategy's previous two preferred share offerings and assess whether income investors should consider adding STRD to their portfolios. STRD Offering Details On June 6th, Strategy announced the offering of 2,500,000 shares of STRD perpetual preferred shares with a yield of 10%. Subsequent to the offering, Strategy sold 11,764,700 shares at an offering price of $85 per share. The STRD offering raised $1 billion for the company, with expected net proceeds of $979.7 million after underwriting commissions. Like the two other perpetual preferred shares, STRD has a liquidation preference of $100. Which means the effective yield on STRD would actually be closer to 11.3% at the closing price of $88.35 on June 11th assuming Strategy declares the dividend and pays shareholders. That last point is the critical difference between STRD and both STRK/STRF. Comparison of Strategy Preferred Stocks Unlike STRK and STRF, STRD is not a mandatory dividend. This makes STRD the riskiest of the three offerings, but it's a terrific way to raise capital from Strategy's vantage, since it isn't dilutive to common stockholders. The latter of which saw shares outstanding grow by over 50% year over year as of the quarter ended March, with even more dilution through the ATM to fund BTC purchases subsequent to Q1. Still, assuming Strategy wants to ever be able to raise capital again in this market, I would expect the company to declare the STRD dividend each quarter. The breakdown of the key differences between the shares as I see it is below: Share Comparison STRD STRF STRK Coupon 10% 10% 8% Cumulative? No Yes Yes Mandatory Dividend? No Yes Yes MSTR Convertible? No No 10:1 Preferred Seniority Rank 3 1 2 Liquidation Preference $100 $100 $100 Share Price Close as of 6/11/25 $88.35 $104.70 $106.72 Effective Yield 11.32% 9.55% 7.50% Source: Strategy From where I sit, Strategy has actually done a pretty incredible job of creating preferred share structures that appeal to different investor types. All of these preferred shares are ultimately backed by the company's Bitcoin on the balance sheet. But one need not believe in the future price appreciation of BTC to find these shares appealing. Given the seniority rank of STRF compared to the other preferred stocks, I view STRF as the lowest-risk and most suitable for income investors. The shares have a mandatory dividend that are cumulative. Meaning, if Strategy misses a payment, STRF shareholders are still owed the payout. Since STRF is not convertible to MSTR shares, the upside in STRF is more limited than that of STRK in the event Bitcoin rallies significantly and drags MSTR with it. But even at a 9.55% effective yield, STRF is quite attractive given Strategy's collateralization ratio. STRK is perhaps more suitable for investors who care less about the effective yield and more about the total return of the shares. At a $1,000 MSTR share price, STRK becomes interesting on the capital appreciation potential given the 10:1 convertibility to the common stock. However, purely as an income product, I think STRK is less appealing than STRF due to the seniority rank and lower effective yield. STRD is perhaps the most interesting preferred stock of the three offerings because it's the highest risk and currently has the highest yield. For income investors who like sure things, I'd probably avoid this one. But for income-investors who have a higher risk-tolerance, I think STRD is worth a look. The biggest reason for that - aside from Strategy's collateralization ratio - is that the market has already taken the more senior preferred shares above liquidation preference. So the effective yields when buying those funds on secondary are actually lower than the 10% and 8% coupons from the offering. Thus, if you still want a Strategy preferred that yields 10%, STRD is your only option currently. Can Strategy Actually Pay These Shareholders? Ultimately, the investment case for any of these preferred stock shares lies in the ability Strategy has to actually pay shareholders back. At current Bitcoin price levels, my view is that there is low risk in holding these shares today. However, that view is predicated on the notion that Strategy exhibits a willingness to lock in some of the company's unrealized Bitcoin gains and pay its preferred share dividends with the proceeds of those sales. Even if Strategy stops raising capital through the preferred instruments going forward, the company has an annualized coupon obligation of over $300 million based on my calculation of the combined outstanding shares: Preferred Payouts STRK STRF STRD Shares 11,306,243 9,412,070 11,764,700 Annual Coupon Obligation $90,449,944 $94,120,700 $117,647,000 Source: Strategy filings, Analyst's calculations Of course, Strategy could simply not pay the $118 million STRD dividends over the next 12 months. But again, I think doing so would irreparably damage the company's ability to raise capital. My view is it's essentially a mathematical certainty that Strategy will have to start selling Bitcoin to pay these preferred obligations. Keep in mind, the company's software business loses money and cannot support these preferred share payouts. Data by YCharts After a gross profit of $326 million on a trailing twelve-month basis, Strategy's bottom-line goes negative when factoring in the combined $392 million on SG&A and R&D expenses. So again, Strategy cannot pay these dividends from the operations of the software business. The company either has to keep raising from new investors to pay the old ones (there is a word for this) or it has to realize gains in BTC appreciation. My vote is the latter. Major Risk Of course, the risk here is that Strategy is one of the biggest BTC holders in the market at this juncture. If the company starts selling, investment demand through the spot ETF products could sour and Strategy could take the market down essentially by itself. But given the current market value of Bitcoin, I think longing STRD is worth the risk given Strategy has $11.5 billion in convertible debt and preferred share obligations against $63 billion in Bitcoin holdings. Closing Summary In my opinion, STRF is hands-down the best choice for income-focused investors who want a high-yield offering with some margin of safety. With STRF, the dividends are mandatory, cumulative, and are senior to the other two offerings. Meaning, if Bitcoin goes into a deep bear market and Strategy is forced to sell BTC to make preferred payments, STRF shareholders are paid back before STRK and STRD shareholders. While STRD is clearly the riskiest of the three offerings because there is no guarantee of any dividends at all, I do expect Strategy to pay them and believe the market will bring STRD shares more in line with the liquidation preference of $100 as it did with both STRK and STRF; each of which now trade at premiums to liquidation preference. Thus, at a share price currently trading under $89, I think STRD is somewhat easy to justify on the potential price appreciation alone. As I noted in my last coverage of MSTR, I'm personally long STRF. I am now also long STRD to a smaller degree. My approach to STRD is quite simple; I'm long the shares at $88 and plan to sell closer to $95-96. At that point, I'd entertain rolling proceeds into STRF for the mandatory payment. I remain of the view that Strategy's Bitcoin flywheel could have devastating consequences in a Bitcoin bear market, and I view STRF shares as insurance against my BTC position. The price of that insurance is the spread between Bitcoin capital gains that I may miss out on and the 11% effective yield at my STRF cost basis.

Seeking Alpha 2025-06-13 15:00
BlackRock quietly accumulated 3% of all Bitcoin. Here’s what that means
How Much Bitcoin Does BlackRock Own and Why It Matters in 2025.

CoinTelegraph 2025-06-13 15:00
Bitcoin mirrors 80% rally setup that preceded 2024 Israel-Iran conflict
One analyst spots a bullish fractal driven by 2024-like liquidity grabs, hinting that Bitcoin may breakout toward new all-time highs.

CoinTelegraph 2025-06-13 14:58
BlackRock XRP ETF Is Coming. Here’s the Latest
Speculation surrounding a potential XRP exchange-traded fund (ETF) surged this week after influential ETF analyst Nate Geraci suggested that BlackRock, the world’s largest asset manager, is likely to expand its crypto ETF portfolio to include XRP. In a post on X, Geraci asserted that he “fully expects BlackRock to file for spot Solana and XRP ETFs,” explaining that, as a market leader in spot Bitcoin and Ethereum ETFs, it would make “zero sense to cede other top crypto asset ETF categories to competitors.” Shortly after Geraci’s post, Amonyx echoed the sentiment in a bold update: “BREAKING: BlackRock XRP ETF is coming.” Though no formal filing has been made public, the momentum building behind this possibility reflects broader industry expectations that XRP could soon join the ranks of institutionally traded digital assets. BREAKING: BlackRock #XRP ETF is coming. pic.twitter.com/ZL56tykoI0 — Amonyx (@amonbuy) June 13, 2025 BlackRock’s Expansion Strategy and the XRP Advantage BlackRock’s interest in digital assets has moved far beyond exploratory. Since the SEC approved spot Bitcoin ETFs in January 2024, BlackRock’s iShares Bitcoin Trust (IBIT) has become a dominant force in crypto markets, drawing billions in institutional capital. In May 2024, the SEC also approved 19b-4 filings for spot Ethereum ETFs.. With these milestones achieved, the next logical step for BlackRock is expansion into other high-liquidity digital assets. XRP stands out as a prime candidate. It is one of the oldest and most actively traded cryptocurrencies, with a deep pool of liquidity, robust exchange listings, and a well-established infrastructure through Ripple and the XRP Ledger. Geraci also noted that he expects BlackRock to file for an index-based crypto ETF — a fund likely to include XRP among other top tokens. Such a move would not only expand investor access to diversified crypto exposure but also elevate XRP’s role in institutional portfolios. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Legal Clarity Supporting ETF Possibility A crucial factor supporting an XRP ETF is the partial legal clarity secured in Ripple’s ongoing battle with the U.S. Securities and Exchange Commission. In July 2023, Judge Analisa Torres ruled that XRP is not a security in programmatic (exchange-based) sales, effectively giving the green light for its trading on secondary markets. While the case remains active, a final resolution is expected soon. Compared to many altcoins still clouded by regulatory ambiguity, XRP enjoys a legal advantage that makes it a feasible candidate for ETF structuring. With Bitcoin and Ethereum ETFs already approved and launched, XRP’s combination of legal clarity, market maturity, and infrastructure strength makes it a natural next step. Market Watching for BlackRock’s Next Move Amonyx’s declaration that a “BlackRock XRP ETF is coming” may not reflect an official filing, but it aligns with a growing consensus in the financial world. BlackRock has made no secret of its ambition to dominate the crypto ETF space. Failing to secure a position in the XRP market would leave room for rivals such as Fidelity or VanEck — a move that seems unlikely given BlackRock’s aggressive strategy to lead. As the regulatory environment evolves and demand for diverse crypto investment vehicles grows, the launch of a BlackRock XRP ETF appears increasingly inevitable. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post BlackRock XRP ETF Is Coming. Here’s the Latest appeared first on Times Tabloid .

TimesTabloid 2025-06-13 14:58
$59,925,621 XRP Stuns Coinbase in Minutes, Price in Red
Crypto markets reported significant losses of over $1.16 billion

U.Today 2025-06-13 14:57
SharpLink Gaming Faces Dramatic Stock Plunge Amid S-3 Filing
SharpLink Gaming stocks plunged over 70% after filing an S-3 statement with the SEC. The filing involved selling approximately 59 million shares, causing market dilution fears. Continue Reading: SharpLink Gaming Faces Dramatic Stock Plunge Amid S-3 Filing The post SharpLink Gaming Faces Dramatic Stock Plunge Amid S-3 Filing appeared first on COINTURK NEWS .

CoinTurk News 2025-06-13 14:55
Tencent Is Looking to Buy Nexon, the Creator of Web 3 Gaming Franchise MapleStory
Chinese tech giant Tencent is exploring a potential acquisition of Nexon, the South Korean game developer behind the hit title Dungeon & Fighter , Bloomberg reports . Nexon is heavily invested in Web 3 gaming, including the ambitious MapleStory franchise. The firm has reportedly approached the family of Nexon’s late founder Kim Jung-ju, who controls a 44.4% stake in Nexon via holding company NXC Corp, to discuss a potential acquisition. Discussions are still preliminary, and there’s no guarantee they will result in a deal, the report states, citing sources close to the matter. If successful, Tencent would be acquiring a company with a $16.6 billion market capitalization, a move that could reignite its ambitions in global gaming M&A after a slowdown sparked by Chinese regulatory crackdowns in 2020. The deal could help Tencent secure long-term control over popular intellectual property and give it a firmer foothold in South Korea’s lucrative gaming market. But any deal would be complicated. The Kim family inherited control after the founder’s death in 2022 and has since handed shares to the Korean government to cover inheritance taxes. The government has been unable to offload its stake. Tencent previously tried to buy Nexon in 2019, but talks collapsed over pricing. This new attempt follows Tencent’s $1.3 billion investment in a new Ubisoft unit and a 10% stake in K-pop label SM Entertainment. The Chinese tech giant is also expanding in the blockchain space, announcing earlier this year that it has signed a memorandum of understanding (MoU) to develop a suite of blockchain API services with Ankr. Read more: S. Korean Gaming Giant Nexon to Use Polygon for Popular MapleStory Universe

CoinDesk 2025-06-13 14:54

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