Tag: Million

MetaMask to distribute $30 million in LINEA token rewards

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Key Takeaways MetaMask introduces an onchain rewards program with $30 million in LINEA token incentives to strengthen community engagement. MetaMask has not yet disclosed eligibility details. Share this article MetaMask, a crypto wallet provider, announced an upcoming onchain rewards program that will distribute over $30 million in LINEA token incentives during its first season. The wallet has continued expanding beyond basic wallet transactions, integrating features such as swaps, staking, and portfolio management. The company has also made it easier for users to claim eligible tokens directly within the MetaMask Portfolio…

Can Bitcoin’s hard cap of 21 million be changed?

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What is a hard cap? A hard cap is the maximum supply of a cryptocurrency that can ever exist. It’s hardcoded into the blockchain’s code and sets a strict limit on how many tokens or coins can be created. This limit promotes scarcity, which can help boost the value of each token over time. Take Bitcoin (BTC), for example. Its creator, Satoshi Nakamoto, set a hard cap of 21 million coins. No matter how much demand there is or how many miners try to produce new Bitcoin, the supply will…

Avalanche Foundation-backed treasury firm to go public through $675 million merger deal, targeting $1 billion AVAX buy

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Key Takeaways Avalanche Treasury Co. (AVAT) will merge with Mountain Lake to create a public vehicle for AVAX exposure. AVAT offers institutional investors discounted access to AVAX and aims to accumulate over $1 billion in AVAX assets after going public. Share this article Avalanche Treasury Co. (AVAT), a dedicated digital asset treasury company designed to strengthen the Avalanche ecosystem, is set to go public through a merger deal with Mountain Lake Acquisition Corp. (MLAC) valued at over $675 million, according to a Wednesday statement. The transaction includes approximately $460 million…

How One Trader Turned $125,000 Into $43 Million on Ethereum.

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The $303-million ETH long position A crypto trader managed to turn a $125,000 deposit into one of the largest Ether positions ever seen on Hyperliquid.  Over four months, they compounded every gain into a single Ether (ETH) long, eventually controlling more than $303 million in exposure. At its peak, his equity hit $43 million. When the market began to reverse, they closed the trade entirely, walking away with $6.86 million in realized profit (a 55x return on the initial stake). This outcome shows both the extraordinary potential of aggressive compounding…

Cango mines 141 Bitcoin worth $15.4 million

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Key Takeaways Cango mined 141 BTC this week, bringing total holdings to 5,708.3 BTC as of Sept. 26, 2025. The firm has steadily accumulated Bitcoin throughout 2025, including 664 BTC mined in August. Share this article Cango, a NYSE-listed Chinese firm that pivoted from auto trading to Bitcoin mining, said on X that it mined 141 BTC worth $15.4 million this week. In August, the company reported mining 664 BTC, lifting its total holdings to 5,193 BTC. With the latest September update, Cango’s stack has climbed to 5,708.3 BTC as…

Theta Capital Management targets $200 million for blockchain fund

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Key Takeaways Theta Capital Management launches its fifth blockchain-focused fund, Theta Blockchain Ventures V, aiming to raise $200 million. The fund plans to invest in 10-15 digital asset venture funds, targeting a 25% net IRR. Share this article Theta Capital Management, an Amsterdam-based investment firm, today launched Theta Blockchain Ventures V, targeting $200 million to invest in 10-15 digital asset venture funds with a 25% target net IRR. The fund represents the firm’s fifth blockchain-focused venture, reflecting continued institutional interest in digital assets within Amsterdam’s expanding VC ecosystem. Share this…

Crypto Phishing Scams Claim Over $12 Million in August: Tips to Stay Safe

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Phishing scams, attacks disguised as legitimate communication or websites designed to steal funds and sensitive information, cost crypto users over $12 million in August, up 72% from July, Web3 anti-scam service Scam Sniffer reported on Saturday. Crypto phishing scams impacted 15,230 victims in August, a 67% increase from July, with the single largest loss costing one user over $3 million, according to Scam Sniffer. The Scam Sniffer team also noted a “sharp escalation” in EIP-7702 signature scams. EIP-7702 is an Ethereum improvement proposal that allows Externally Owned Accounts to act…

Tom Lee’s Ethereum treasury BitMine acquires over 153K ETH, holdings approach 2 million

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Key Takeaways BitMine added 153,000 ETH last week, bringing its total holdings to 1.87 million ETH alongside 192 BTC and $635 million in cash. Chairman Tom Lee framed Ethereum as a decades-long supercycle akin to Wall Street’s expansion after the end of the gold standard in 1971. Share this article BitMine Immersion Technologies announced earlier today that it expanded its Ethereum holdings, adding 153,000 ETH last week and holding $635 million in cash for potential future Ethereum acquisitions. The NYSE American-listed firm’s new additions bring its total Ethereum holdings above…

Binance Burns $600 Million Worth of BNB Tokens

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Key Takeaways Binance has completed its fifteenth quarterly Binance Coin (BNB) burn, a regular practice that keeps the coin’s value strong. The burn removed more than 1 million BNB from circulation, an amount worth more than $600 million. This could push the price of BNB to a new all-time high of $750. Share this article Binance has burned more than $600 million U.S. dollars worth of Binance Coin (BNB), setting the cryptocurrency up for further gains.  Over 1 Million Tokens Burned  The world’s largest cryptocurrency exchange by trading volume, Binance,…

Pendle Finance Raises $3.5 Million to Launch Tokenized Yield Market

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