Cryptocurrency Latest News & Updates
Here’s why Optimism price jumped 9%: Can OP reach $0.18?
Optimism (OP) has surged 9.17% to $0.1511 over the past 24 hours, extending its weekly gains to 25.47% as Uniswap prepares to move Unichain’s production operations to Optimism through OP Enterprise. Summary Optimism rose 9.17% in 24 hours as Unichain prepared to transfer production operations to Optimism. Uniswap scheduled Unichain’s OP Enterprise testnet migration for October 13 and mainnet migration October 29. OP traded near $0.1511 with $...
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Strategy bought Bitcoin, but spent far more buying back its own shares
Strategy bought 250 Bitcoin in the week ended October 11 and spent almost nine times as much repurchasing its STRC preferred shares. The purchases show the company’s Bitcoin treasury and its financing structure making competing claims on capital. A share buyback can support a financing instrument without making a new Bitcoin purchase disappear, and the source of each dollar matters more than the comparison alone. Summary Strategy acquired 250 B...
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Can DATA Network bring lasting activity to Sui?
DATA Network plans to retire its independent chain and run its AI training data registry on Sui, with Walrus handling files. Sui Foundation is investing $30 million in the network. A registry that its backers say already records millions of receipts daily could bring activity to Sui; how much of that translates into recurring SUI demand remains an open question. Summary DATA Network and its Trace registry will move to Sui while Walrus becomes the...
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