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Thumzup Media Corp, which counts Donald Trump Jr. as a major shareholder, is pivoting from digital marketing into industrial-scale Dogecoin mining through its all-stock acquisition of Dogehash Technologies. According to an announcement by the media company, the deal will see Dogehash shareholders offer up 100% of their holdings in exchange for 30.7 million Thumzup shares. This values the deal at around $153.8 million based on the company’s closing price. In addition to Dogehash shareholders receiving Thumzup shares, the two companies will also merge into one entity and rebrand as Dogehash Technologies. This new company will then list on Nasdaq under the ticker “XDOG,” pending shareholder approval that is expected in Q4 of this year. The deal comes amid a strong selloff of Thumzup stock. Just yesterday, the company’s shares plummeted more than 41% to close the trading session off at $5.01, data from Google Finance shows. The selling activity continued in after...

The banking titan JPMorgan is piloting a US dollar-backed permissioned deposit token on the Ethereum (ETH) layer-2 scaling solution built by the American crypto exchange Coinbase. In a statement, Coinbase says that JPMorgan is launching the token called JMPD on Base through its blockchain business unit Kinexys. “These are USD-denominated and backed 1:1 by deposits—combining the programmability of on-chain finance with the trust and compliance that regulated financial institutions require.” JPMorgan is launching the token to take advantage of global on-chain payment rails. The financial behemoth is joining over 200 banks, brokers, fintechs and payment providers that tap on the exchange’s crypto-as-a-service platform for their digital asset offerings. The bank plans to eventually allow its institutional clients to instantly and securely move money on-chain at any time for a fraction of a cent. JPMD is built exclusively for institutional clients, though, and is not...

Several cryptocurrencies are gaining traction due to their recent developments and market performance. New projects like Crypto All-Stars and Pendle are making waves with innovative Features and significant gains. This Analysis highlights the best crypto to buy right now , with key developments and metrics to help market participants assess their options. Best Crypto to Buy Right Now On-chain activity for Litecoin is on the rise, showing increased user interest. In just one day, active addresses grew from 285,924 to 289,064, which could drive more price movement. Meanwhile, AVAX has seen high volatility over the past month, but signs of a bullish trend are emerging. Additionally, Pendle has launched Bitcoin Arc, a new BTC staking pool designed to offer better yield strategies for Bitcoin holders. 1. Litecoin (LTC) Litecoin facilitates fast, secure, and low-cost transactions using blockchain technology. Its transactions are typically confirmed in just a few minutes, and the assoc...

Bitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment. Bitcoin is still struggling to stay above $31,000. While a tight consolidation near the overhead resistance is a positive sign, the failure to rise above it may result in short-term liquidations. However, a shallow pullback should not be considered a trend change because, many times, the bulls take a step back to regroup and launch another attack at the resistance. If the barrier is overcome, the positive momentum picks up. Binance CEO Changpeng “CZ” Zhao said in an “ask me anything” session on Twitter that Bitcoin (BTC) could witness a bull year after its halving in 2024. CZ added that BlackRock’s foray into cryptocurrencies will be “hugely beneficial” for the industry. Daily cryptocurrency market performance. Source: Coin360 BlackRock CEO Larry Fink made positive comments about Bitcoin while speaking in an interview with Fox Business on July 5. Fink said that Bitcoin was an “i...