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Venture Capital Firms Launch $360,000,000 Crypto Treasury Company Focused on Arthur Hayes-Backed Ethena (ENA)

Venture capitalists are forming a new firm based on accumulating stablecoin-focused crypto project Ethena (ENA). Special purpose acquisition company TLGY Acquisition, announced early on Monday that it had entered into an agreement for a business combination with StablecoinX Assets. The two companies agreed to a roughly $360 million private investment in public equity (PIPE), including a $60 million investment from the Ethena Foundation itself, plus contributions from other high-profile investors in the space like Pantera Capital, Galaxy Digital, Wintermute and more. According to the press release, the VCs believe in “large-scale ENA accumulation” in order to provide shareholders exposure to the “secular stablecoin supercycle.” Says Young Cho, CEO of both TLGY and SC Assets, “As a top issuer of digital dollars alongside Tether and Circle, Ethena is a direct beneficiary of the growth in stablecoin adoption… But it is currently difficu...

Not Even Bitcoin Is Safe: Kiyosaki Warns Of Massive Market Collapse

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How Token Utility Is Finally Catching Up to Hype: The Real Story Behind FUNToken’s Price Spike

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Bitcoin quietly closes in on Gold’s market cap

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Bitcoin (BTC), the world’s largest cryptocurrency, hit an all-time high (ATH) of $123,091 on July 14. Similarly to its digital counterpart, gold has also experienced a significant surge, having gone up 35% in the past year with the potential to hit its own record price of $3,600 per ounce in H2 2025. Thanks to the upward momentum, Bitcoin now has a market cap of around $2.36 trillion, while the precious metal has a market cap of approximately $22.57 trillion.  That is, Bitcoin is now worth 10% of gold’s market cap, being the sixth largest asset by the same metric, based on the data available on Companies Market Cap. To put things into perspective, the coin has overtaken silver, which now occupies the eighth spot, just below Alphabet (NASDAQ: GOOGL). Top assets by market cap. Source: Companies Market Cap  Will Bitcoin surpass gold? As both assets make substantial gains, the market is asking whether Bitcoin might surpass gold. At the time of writi...

Ethereum Shorts Are Getting Crushed: Could ETH Be Eyeing a New All-Time High?

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8 Reasons To Check Out KuCoin’s $1M Affiliate Program

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Cryptocurrency: How $1K in BTC, ETH, BNB, SOL, ADA May Grow by 2030

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The cryptocurrency domain is currently basking in the aftermath of the recent bullish Bitcoin glory. Bitcoin recently noted a spectacular price spike to $122K, fueling the altcoin season frenzy once again. Despite the challenges that the cryptocurrency market continues to encounter, the market is emerging stronger with each dive, displaying beautiful results for its investors. Here’s how a $1000 investment in leading coins, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano (ADA), may grow in about five years. Also Read: Your $1K In Ripple (XRP) Could Explode—If It Hits $5 Or $10 The Latest Developments Concerning These 5 Cryptocurrency Coins Source: Pexels The cryptocurrency market is currently on a path to recovery and transformation. This development has been spurred further by increased institutional interest that continues to force companies to explore Bitcoin more actively than before. In addition to this, this change is also shaping Bitco...