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ReserveOne Plans to Launch Over $1 Billion Bitcoin-Dominated Digital Asset Reserve

6 hours ago

On July 8th, as per GlobeNewswire, the digital asset management firm ReserveOne Inc. declared today that it has reached a definitive business merger agreement with the Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp. The company intends to hold and manage a portfolio of crypto assets, with Bitcoin as its core, encompassing assets with staking and lending yield potential like Ethereum, Solana, and others, and offer asset appreciation services to institutional investors. This transaction is anticipated to bring ReserveOne more than $1 billion in financing, which includes approximately $298 million in trust funds (assuming no redemptions) and $750 million in PIPE financing, consisting of $500 million in common stock and warrants and $250 million in convertible bonds. The strategic investors participating in this round of financing are: Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital, and other institutions. After the transaction is completed, ReserveOne plans to be listed on the Nasdaq.
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In the last 1 hour, the entire network has witnessed a liquidation of $86.4389 million, with the largest single liquidation being a short position.

On July 9th, according to Coinglass data, within the past 1 hour, the total liquidation across the network reached $86.4389 million. The long liquidations amounted to $26.9753 million, while the short liquidations totaled $59.4636 million.

9 minutes ago

PNUT posts nearly 6% short-term gain, reaching a market capitalization of $2.19 billion

On July 9th, perhaps due to the "Musk mentioning Peanut in a tweet" news, PNUT saw a brief surge of nearly 6%, with its market capitalization reaching $219 million.

9 minutes ago

Trump: Powell Should 'Resign Immediately' If He Misled Congress

July 9th. On Tuesday, US President Trump stated at a cabinet meeting that if the allegations regarding the Fed Chair Powell's misleading of Congress regarding the renovation project at the Federal Reserve headquarters are accurate, the Fed Chair should "resign immediately." Trump once again criticized Powell, referring to him as "terrible." He told reporters that deceiving Congress would be a sufficient reason for immediate resignation. "Then he should resign immediately," Trump said. "We need someone who will lower interest rates." Trump continued to criticize Powell's policy of keeping interest rates unchanged. Last month, he even stated that he would select a successor who supports rate cuts. Previously, the media exposed cost overruns and luxurious upgrades in the renovation project of the Federal Reserve headquarters. Powell recently refuted these reports during a Senate hearing, stating that they were "misleading and inaccurate in many aspects." (Golden Finance)

9 minutes ago

Trump Plans to Impose 50% Tariffs on Imported Copper, Prompting a Sharp Rise in Copper Prices

On July 9th. During a cabinet meeting held on Tuesday, U.S. President Trump informed reporters that there are more trade agreements on the horizon, specifically in the form of letters stipulating unilateral tax rates by the United States. "These agreements are essentially me making requests to them," Trump said. "The numbers we have determined are both low and fair." Trump further added that the U.S. will impose a 50% new tariff on imported copper. "Today, we are focusing on copper. I believe we will set the copper tariff at 50%." In response, New York copper futures surged, with an intraday gain expanding to 17% at one point. Moreover, Trump stated that the U.S. will soon impose tariffs of up to 200% on drugs. However, before the tariffs come into effect, companies will have a period of one and a half years to adjust their supply chains. Trump also mentioned that he will soon announce tariffs on semiconductors, but he did not specify the tariff level or the date. (Golden Finance)

9 minutes ago

Musk's Post Mentions "Peanut," Says Government in Deep Trouble

On July 9th, Musk mentioned "Peanut" in a tweet. The tweet said, "They arrested (and killed) that person but didn't even try to charge anyone on the Epstein client list. The government is in deep trouble."

9 minutes ago

Total Bitcoin Open Interest Across All Exchanges Reaches $73.59 Billion

On July 9th, based on Coinglass data, the total open interest of Bitcoin futures contracts on the network amounts to 679,170 BTC (approximately $73.59 billion). Among them, the open interest of CME Bitcoin futures is 151,180 BTC (approximately $16.37 billion), ranking first. The open interest of Binance Bitcoin futures is 109,260 BTC (approximately $11.83 billion), ranking second.

9 minutes ago

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