Author: CryptoDigestAlert.com

TLDR: Strategy Inc. recorded $2.8B in Q3 profit driven by unrealized Bitcoin gains on its $69B crypto portfolio. The firm’s stock remains 45% below its November 2024 peak despite strong quarterly performance. Bitcoin gains fueled a rebound in Strategy Inc.’s books, reversing earlier losses from its leveraged exposure. The company plans to issue credit securities in offshore markets as part of its next funding phase. After months of financial pressure, Michael Saylor’s Strategy Inc. has returned to profitability. The firm, previously known as MicroStrategy, posted a strong third-quarter performance powered by unrealized gains on its massive Bitcoin holdings. It marks…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Digitap hits $1m presale milestone as investors back its vision to merge traditional banking and DeFi. Summary Digitap raises $1m in presale as investors back its omni-bank bridging traditional finance and DeFi. Its TAP token is gaining momentum with real-world use cases, letting users spend, save, and earn in fiat and crypto. Investors are shifting to Digitap’s omni-bank vision, betting it could outperform Solana in 2025. In a space where speculation and hype are the order of the day,…

TLDR: Beijing court sentences five for using USDT to transfer over $166M across borders illegally. Illegal foreign exchange using crypto totaled more than RMB 1.182 billion, court documents show. Defendants pleaded guilty and accepted sentences of two to four years and fines. Procuratorate used cross-border data tracing and crypto transaction analysis to secure evidence. Beijing authorities have sentenced five individuals to prison terms ranging from two to four years for using virtual currencies to transfer funds illegally across borders. The defendants converted client-transferred RMB into USDT and moved it overseas, violating China’s foreign exchange laws.  The case involved more than…

Key takeaways: Floki Inu’s price prediction shows an optimistic outlook, projecting FLOKI to increase to $0.000135 by the end of 2025. In 2028, Floki Inu is predicted to reach a maximum price of $0.000359. FLOKI price can reach a maximum level of $0.000583 and an average trading price of $0.000560 in 2031. Floki Inu is a meme coin driven by its community, the Floki Vikings. Inspired by Shiba Inu, Floki Inu aims to democratize power in the crypto space, pivoting the crypto market away from traditional financial entities. The Floki project ecosystem is diverse. It includes Valhalla, a blockchain combat…

TLDR: 61% of retail investors in HK and mainland China plan to double tokenized fund allocations. Active traders and high-net-worth investors target fund allocations between 16% and 26%. Phase 2 e-HKD pilot confirms instant settlement of tokenized funds on Aptos blockchain. 95% of respondents are willing to use regulated digital money for tokenized fund transactions. Hong Kong and mainland investors are showing growing appetite for tokenized funds. A joint pilot led by Aptos Labs, Hang Seng Bank, and Boston Consulting Group (BCG) revealed that 61% of retail investors plan to double their fund allocations. Active traders, high-net-worth individuals, and long-term…

TLDR French lawmakers are set to review a proposal that could ban the digital euro and promote the use of Bitcoin. The motion, led by Éric Ciotti, calls for increased investment in euro stablecoins and crypto-assets. The proposal aims to deviate from the 2022 Basel framework on crypto-exposure regulations. Reports suggest that France could hold 2% of Bitcoin’s total supply, valued at $48 billion. Rassemblement National has proposed using surplus nuclear energy to mine Bitcoin in France. The French government is preparing to review a proposal that could impact the country’s stance on Bitcoin (BTC) and other digital currencies. A…

TLDR: SharpLink will allocate $200M in ETH to Linea via EtherFi and EigenCloud to enhance its DeFi-based yield strategy. The ETH deployment uses Anchorage Digital’s custody services for compliance and institutional-grade security. Linea’s zkEVM network offers scalable, Ethereum-aligned infrastructure for SharpLink’s multi-year ETH commitment. The move marks SharpLink’s expansion of its Ethereum treasury into staking, restaking, and institutional DeFi yield. SharpLink is putting serious weight behind Ethereum. The Nasdaq-listed firm plans to deploy $200 million worth of ETH on Linea, a Layer 2 network built by Consensys.  The move ties SharpLink’s corporate treasury to a growing institutional DeFi ecosystem that…

Tether Gold now represents over $2 billion in value, cementing its role as a foundational asset that merges the security of physical bullion with the operational ease of a digital token for a new class of investor. On Oct. 28, stablecoin giant Tether announced that its Tether Gold token (XAUT) has surged past a $2 billion market capitalization. This milestone, reached as the token’s value climbed from $1.44 billion at the end of Q3 to approximately $2.1 billion in a matter of weeks, is backed by over 375,000 fine troy ounces of physical gold held in a Swiss vault. Notably,…

TLDR: British Columbia permanently banned new crypto mining projects, ending a two-year moratorium on new grid connections. The province restricted power access for AI data centers to manage rising electricity demand and protect local resources. Officials said energy will be redirected toward industries that generate stable jobs and higher local economic returns. The Energy Ministry confirmed existing crypto operations can continue under current agreements without new approvals. British Columbia is turning off the power on high-energy industries. The province plans to permanently ban new crypto mining projects and restrict power usage by artificial intelligence data centers.  The move aims to…

Solana ETF preparations are now entering final stages after the NYSE certified Bitwise’s staking product for listing. The formal listing notice signals that all exchange-level requirements are now met, pending a final operational launch. Summary NYSE approved Bitwise Solana Staking ETF, clearing a key listing step. The fund could launch as soon as October 28 alongside Litecoin and HBAR ETFs. The approval marks a milestone for Solana’s institutional adoption in U.S. markets. According to a notice filed with the U.S. Securities and Exchange Commission on October 27, the NYSE Arca has formally certified its approval to list and register shares…