StablecoinX to go public via SPAC merger, raising $360M for ENA treasury
The new entity will manage a crypto corporate reserve powered by the ENA token, with investors including Pantera, Galaxy Digital and the Ethena Foundation.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The new entity will manage a crypto corporate reserve powered by the ENA token, with investors including Pantera, Galaxy Digital and the Ethena Foundation.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Metaplanet crosses 10,000 BTC milestone, surpassing Coinbase treasury as corporate Bitcoin strategy accelerates
Metaplanet bought 1,112 BTC for $117 million, reaching 10,000 BTC holdings and surpassing Coinbase. The firm targets 210,000 BTC b...
Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt
KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a...
Crypto promised to eliminate stockbrokers, but 94% of its tokenized market now relies on an Alpaca
Alpaca says it custodies more than $1.5 billion of shares backing tokenized equities, which, by public tracker measurements, would...
Bitcoin is about to give miners a 16% lifeline, but $19 billion in AI deals is luring them away anyway
Bitcoin could lower mining difficulty by roughly 16% when its next adjustment arrives around July 26, handing the machines that re...
Samsung Wallet is getting native stablecoins – and it could make one token the default for 800M users
Some crypto investors raised an eyebrow this week when Samsung, in its official Galaxy Unpacked recap, said updates to Wallet “wil...
Poolin Files Chapter 11 As Bitcoin Miner Moves Toward $52M Asset Sale
Poolin Technology has filed for Chapter 11 bankruptcy protection, setting up an orderly wind-down and asset sale process tied to i...