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Publicly listed company Davis Commodities will purchase Bitcoin worth $12 million.

5 hours ago

BlockBeats reported on June 16, according to Globenewswire. Singapore-based agricultural commodity trader Davis Commodities Limited (Nasdaq: DTCK) announced that it will allocate 40% (USD 12 million) of its USD 30 million financing to Bitcoin reserves in stages, with an initial investment of USD 4.5 million. In addition, the company plans to use 50% of the financing (USD 15 million) for the tokenization of physical agricultural assets (RWA), including bulk commodities such as sugar and rice. The company expects this initiative to generate an annual revenue of USD 50 million within two years. The remaining 10% of the funds will be allocated to building digital infrastructure and enhancing security systems.
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Bitcoin briefly surpassed $108,000

BlockBeats reports that on June 17th, according to HTX market data, Bitcoin briefly exceeded $108,000, experiencing a 24-hour increase of 2.04%.

3 hours ago

FTX withdrew over 252,800 SOL from Coinbase Prime, approximately equivalent to $39.72 million.

On June 17th. Based on Arkham's monitoring, FTX withdrew 252,847 SOL from Coinbase Prime, with an approximate value of $39.72 million.

3 hours ago

Trump's second son denies taking any position in the new company reportedly going public via a "backdoor listing" on the TRON network.

On June 17th, Eric Trump, the second son of Donald Trump, made it clear in a statement: "I am the greatest fan of Tron and hold great respect for Justin Sun. He is a very good friend of mine and a prominent figure in the crypto field. That said, the following information is inaccurate. I do not hold any official position within this company." The company that Eric Trump referred to is Tron Inc, which is a newly established entity formed through a reverse merger between TRON and Nasdaq-listed SRM Entertainment. Previously, the Financial Times cited sources stating that Eric Trump was anticipated to assume a role in the new company.

3 hours ago

In the past 24 hours, the total liquidation across the network reached $214 million, primarily affecting short positions.

According to BlockBeats, on June 17th, as per Coinglass data, the total liquidations across the network within the past 24 hours amounted to $214 million. Among them, $68.31 million was in long liquidations and $146 million was in short liquidations.

3 hours ago

U.S. stock SRM Entertainment expands its gains to 548.96%, with market capitalization rising to $104 million.

On June 17th, the US stock SRM Entertainment witnessed its gains expand to 548.96%. Currently, it is trading at $9.38. The market capitalization has risen to $104 million, reaching a new all-time high. Previously, Tron announced that it will achieve a public listing by means of a reverse merger with SRM Entertainment, a Nasdaq-listed company.

3 hours ago

The U.S. stock Sharplink Gaming extended its gains to 36.55%, with its market capitalization rising to $762 million.

According to BlockBeats, on June 16th, the U.S. stock Sharplink Gaming witnessed its gains expand to 36.55%, and its market capitalization rose to $762 million. Previously, Sharplink Gaming announced that it had spent $463 million to purchase 176,271 ETH, making it the publicly listed company with the largest Ethereum holdings.

3 hours ago

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