This week in crypto, GMX suffered a $42 million exploit, while President Trump’s Truth Social announced a utility token, and South Korea moved to officially support crypto firms as venture companies. Let’s find out more.
Bitcoin
Bhutan’s sovereign investment fund, Druk Holding and Investments (DHI), made headlines on Wednesday by transferring 213.5 BTC, valued at $23.73 million, to a Binance deposit address. This marked the second consecutive week of sizeable transfers from the Himalayan kingdom, signaling an effort to capitalize on current market strength.
Business
Truth Social, the social media venture backed by Donald Trump, is preparing to launch a utility token tied to its subscription-based rewards program, marking the platform’s latest move into the digital asset space.
Australian crypto fund manager DigitalX has raised $13.5 million from a consortium of digital asset investors, signaling a renewed commitment to Bitcoin as the core of its investment strategy.
BlackRock’s flagship spot Bitcoin ETF, IBIT, has become the asset manager’s third-highest revenue-generating fund, sitting only behind the iShares Russell 1000 Growth ETF and the iShares MSCI EAFE ETF.
Web3
SharpLink Gaming has purchased 10,000 ETH from the Ethereum Foundation in a $25.7 million over-the-counter (OTC) deal, and the first direct acquisition of ETH by a publicly listed company from the Ethereum Foundation.
The emergence of AI OS isn’t about replacing long-established software; it’s about redefining work as we know it. By embedding human-like intelligence at the system level, these operating systems let small enterprises motor through their manual tasks and fo
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Author: Amara Khatri
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