What’s going on with $SBET and Ethereum?
A company called SBET (backed by Ethereum’s co-founder) plans to buy $425M worth of ETH.
Right now, the company is worth $2.4 billion on the market — but that’s 6 times more than the value of what it actually owns.
Big investors who bought early already made 400% profit.
But here’s the risky part:
They’re using borrowed money to buy ETH, which can be very dangerous if prices drop.
A company called SBET (backed by Ethereum’s co-founder) plans to buy $425M worth of ETH.
Right now, the company is worth $2.4 billion on the market — but that’s 6 times more than the value of what it actually owns.
Big investors who bought early already made 400% profit.
But here’s the risky part:
They’re using borrowed money to buy ETH, which can be very dangerous if prices drop.
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Crypto Insider
Telegram and Musk's xAI have agreed to a 1-year partnership to distribute Grok AI to Telegram users and integrate it into its apps. Telegram will receive $300M in cash and equity from xAI, plus 50% of revenue from xAI subscriptions sold via Telegram.
Elon Musk denied signing anything with TON.
Pavel responded:
“True. The agreement is there in principle, but the formalities are still under review.”
Pavel responded:
“True. The agreement is there in principle, but the formalities are still under review.”
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Crypto Insider
James Wynn predicts $118K BTC by week’s end The HL whale is calling for a sharp move up — but after his recent “smart trades,” it’s hard to take the forecast too seriously. Still, if he’s right this time, we won’t complain.
The Hunt for James Wynn.
“Hunters” engineered a wick that hit his liquidation price, forcing him to sell over $250M worth of $BTC to lower his liquidation level.
James is still in the red — his current unrealized loss on this trade stands at $23.85M.
Source:
hyperdash.info/trader/0x5078c…
“Hunters” engineered a wick that hit his liquidation price, forcing him to sell over $250M worth of $BTC to lower his liquidation level.
James is still in the red — his current unrealized loss on this trade stands at $23.85M.
Source:
hyperdash.info/trader/0x5078c…
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V3V Ventures 🤝 Zokyo
We're is thrilled to announce our collaboration with Zokyo — a team of world-class cybersecurity experts specializing in security reviews, penetration testing, fuzz testing, token economics, and ADGM DLT compliance.
🟪 Zokyo brings a deep technical edge and full-stack security to the Web3 space — from protocol audits to compliance support — making them a perfect partner as we double down on our mission to support the next generation of builders in AI, Infra, DePIN, RWA, and beyond.
With Zokyo’s elite security infrastructure and our hands-on approach to venture support — from fundraising to go-to-market — we’re excited to co-invest in the most ambitious teams shaping the decentralized future.
We're is thrilled to announce our collaboration with Zokyo — a team of world-class cybersecurity experts specializing in security reviews, penetration testing, fuzz testing, token economics, and ADGM DLT compliance.
With Zokyo’s elite security infrastructure and our hands-on approach to venture support — from fundraising to go-to-market — we’re excited to co-invest in the most ambitious teams shaping the decentralized future.
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Crypto Insider
FTX to return $5B to creditors this week
FTX is preparing to distribute over $5 billion in stablecoins to creditors starting May 30.
The repayment represents around 2% of the entire stablecoin market — a major injection of liquidity into crypto.
Pay attention.
FTX is preparing to distribute over $5 billion in stablecoins to creditors starting May 30.
The repayment represents around 2% of the entire stablecoin market — a major injection of liquidity into crypto.
Pay attention.
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Crypto Insider
SOL Strategies eyes $1B raise to expand in Solana ecosystem The firm has filed paperwork to enable flexible fundraising of up to $1B. In crypto, timing is everything — and SOL Strategies wants to scale with the network, not chase it.
Solana or nothing: Sol Strategies exits $BTC and goes all-in on $SOL.
This week, tech firm Sol Strategies sold its entire Bitcoin treasury and acquired 26,478 $SOL worth $4.7M.
Their reserves are now 100% $SOL — fully committed to validator growth and long-term support of the Solana ecosystem.
Total holdings: 420,355 $SOL.
This week, tech firm Sol Strategies sold its entire Bitcoin treasury and acquired 26,478 $SOL worth $4.7M.
Their reserves are now 100% $SOL — fully committed to validator growth and long-term support of the Solana ecosystem.
Total holdings: 420,355 $SOL.
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Arkham launches a Telegram mini-app.
You can now search through 2.1B labeled addresses and 700K identities, as well as create and manage alerts for any on-chain transactions — all within Telegram.
You can now search through 2.1B labeled addresses and 700K identities, as well as create and manage alerts for any on-chain transactions — all within Telegram.
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Crypto Insider
Telegram Raises $1.5B Despite Legal Pressure on CEO Telegram is moving forward with a $1.5B bond raise — even as its founder Pavel Durov remains stuck in France under legal scrutiny for allegedly not cooperating with authorities. Investors include BlackRock…
Telegram raised $1,700,000,000 from convertible bonds that it will use to retire existing debt and lengthen the maturity of its debt
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Crypto Insider
FTX to return $5B to creditors this week FTX is preparing to distribute over $5 billion in stablecoins to creditors starting May 30. The repayment represents around 2% of the entire stablecoin market — a major injection of liquidity into crypto. Pay attention.
FTX kicks off Phase 2 of repayments today — over $5B to be distributed starting at 15:00 UTC.
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