Trump-backed WLFI ramps up buybacks as token lingers 50% below launch price

In recent developments, the Trump family-backed WLFI purchased nearly $8 million worth of tokens, aiming to mitigate the downtrend of the token by artificially reducing the outstanding supply. Looking closer,…

Phoenix Group Activates 30MW Hydropower-Backed Crypto Mining Facility in Ethi…

In recent developments, phoenix Group recently activated a 30 MW hydropower-backed crypto mining facility in Addis Ababa, Ethiopia, in partnership with Ethiopian Electric Power (EEP). Aggressive African Expansion The Abu…

Metaplanet taps $100M Bitcoin-backed loan for BTC purchases, share buyback

In recent developments, the loan came shortly after Metaplanet launched a $500 million Bitcoin-backed share buyback program, after its market-based net asset value fell below 1.0. Looking closer, market participants…

Lava Debuts Bitcoin-Backed Line of Credit, Secures $200M Funding

In recent developments, lava, a bitcoin-focused financial platform, disclosed it has raised $200 million and launched a global bitcoin-backed line of credit (BLOC) offering borrowing rates starting at 5%, marking…