2 days ago
Cryptocurrency Live News & Updates : BTCS Stock Soars 100% on $100M ETH Acquisition Plan
09 Jul 2025 | 12:45:13 AM IST
BTCS announced a $100 million plan to acquire more ETH, leading to a stock surge of over 100%. The firm aims to utilize both traditional and decentralized financial markets for this capital raise. Blockchain Technology Consensus Solutions (BTCS) has made headlines with its announcement of a $100 million funding plan to acquire additional Ethereum (ETH), resulting in a remarkable 100% surge in its stock price. This move aligns with the growing trend among public firms adopting crypto treasury strategies. Meanwhile, the U.S. Treasury Department has imposed sanctions on North Korean IT workers linked to cyber espionage and crypto thefts, highlighting ongoing security concerns in the crypto space. The sanctions target individuals like Song Kum Hyok, who allegedly facilitated illicit activities through fraudulent employment. In a different market development, Hedera's HBAR token experienced an 11% increase after its inclusion in the Grayscale Smart Contract Platform Fund, reflecting positive market dynamics. Lastly, Fartcoin remains in a range-bound trading pattern, with critical support at $0.73 and resistance at $1.45, indicating market indecision. These developments collectively illustrate the dynamic nature of the cryptocurrency market, from corporate strategies to regulatory actions and trading behaviors. Show more
