On June 6, Bhutan's government transferred 738 bitcoins valued at about $44.88 million, continuing a series of sales that have significantly reduced its bitcoin reserves from a peak of 13,000 BTC in 2024. These sales are aimed at financing the Gelephu Mindful City, a key economic development project, and managing state expenses. Bhutan originally accumulated bitcoin through hydroelectric-powered mining rather than market purchases, making it a unique sovereign holder. The ongoing sales reflect a strategic shift as the kingdom converts mined bitcoin into liquid capital amid a pressured bitcoin market, with future sales and fund usage still uncertain.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
