Canadian company Luxxfolio, is pivoting to a Litecoin...
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Avalanche Transactions Jump 66% on US GDP Data and $AVAX ETF News
This week, Avalanche experienced a significant increase in transactions, witnessing a surge of 66% to 11.9 million. The increase followed the release of US GDP data onchain and revived investor interest in $AVAX ETF registrations.
Meta is giving developers a boost with new AI tools for Horizon, making it easier to build immersive virtual worlds. The goal is to help creators design faster, add smarter features, and make experiences more interactive, bringing the metaverse to life in a richer, more engaging way.
Eric Trump: Hong Kong’s Wealthiest Families Are Eyeing Bitcoin & Crypto
Eric Trump in a recent interview stated, “Every wealthy family in Hong Kong is looking to buy Bitcoin and crypto.” The statement highlights how digital assets are increasingly catching the eye of high-net-worth investors in Asia. It also shows the growing mainstream interest.
IREN Posts Record Q2 Revenue, Shares Jump 14% After-Hours
Shares of bitcoin miner IREN increased 14% following the company’s record-breaking Q2 revenue of $187.3M and net income of $176.9M. Its expansion into AI and robust growth in its Bitcoin mining division provided the firm the necessary boost. The rise demonstrates the company’s capacity for innovation and growth.
Canada’s Luxxfolio Plans $73M Raise to Grow Litecoin Holdings
Luxxfolio, a Canadian Litecoin treasury company, is seeking to raise $73 million in order to broaden its $LTC strategy. The corporation has 20,084 LTC in the firm’s treasury at the moment. The move demonstrates the strength and faith in Litecoin’s long-term prospects. The move also indicates that institutional interest in the cryptocurrency is expanding.
Bitcoin may reach $1.3 million during the next ten years, according to Bitwise. Big institutions are showing great long-term confidence by supporting Bitcoin more and more, which is encouraging. If uptake continues to grow, Bitcoin might establish itself as a significant global store of wealth.
U.S. Economy Bounces Back in Q2 2025 with Strong Consumer Spending
The U.S. economy bounces back in Q2 2025, growing 3.3% after a small 0.5% drop in Q1. The rebound was fueled by Americans spending more and businesses stepping up their investments. Lower imports helped too, though slower corporate investment, a slight drop in exports, and modest government spending kept growth from being even bigger. Strong consumer spending shows the economy’s resilience, which could give a boost to riskier assets like Bitcoin. At the same time, weaker exports and business investment suggest the recovery isn’t perfectly balanced, which might limit further gains in BTC and other sensitive markets. After the GDP data, the DXY dipped slightly, hinting at a softer dollar, while Bitcoin held steady around $113.1K. Investors are optimistic but cautious, aware that ongoing weaknesses in trade and business investment could temper market excitement.
Bybit EU Integrates NASDAQ Market Surveillance to Boost MiCAR Compliance
In order to enhance adherence to MiCAR laws, Bybit EU has implemented NASDAQ’s Market Surveillance system. The integration’s goals are to protect investors, identify unusual trading activity, and improve market transparency. Using NASDAQ’s technology, Bybit EU demonstrates its dedication to safer trading conditions and regulatory norms.
Solana’s Alpenglow Upgrade Heads to Vote for Faster Transactions and Stronger Validators
Solana’s Alpenglow upgrade is now up for a community vote. The update promises near-instant transaction finality. This will likely make transactions quicker and more efficient for users. It also aims to strengthen validator resilience, improving the blockchain’s stability and security. If approved, Alpenglow could make Solana an even more reliable platform for decentralized apps and high-performance crypto projects.
Kanye West’s YZY Coin Leaves Thousands of Investors in the Red
Investors have lost $74.8 million as a result of Kanye West’s YZY Coin, which has affected 51,862 wallets. The incident highlights the dangers of investing in cryptocurrency projects promoted by celebrities and serves as a reminder to do your homework before purchasing assets that are the subject of excitement.