Defense Tech Funding: Twice as Large as Everyone Thinks
Rising geopolitical tensions, a new administration, and the success of companies like Palantir and Anduril have propelled the defense technology sector into a rapid ascent. Dive into the fresh funding data here →
1. eToro Officially Files For IPO
The Israeli-based trading platform has renewed its push to go public after a previous attempt was scrapped in 2022. The company plans to list on the Nasdaq under the ticker symbol “ETOR.” Its IPO prospectus shows that it generated $200 million in net profit from crypto trading in 2024, up from $64 million in 2023.
4. Trump's Media Company To Launch 'Made in America' ETFs
Truth Social operator Trump Media and Technology Group Corp $DJT ( â–˛ 5.81% ) announced a partnership with crypto exchange Crypto•com to launch a series of ETFs with a “Made in America” focus. The ETFs will contain everything from energy-focused assets to cryptocurrencies, including BTC, ETH, and Cronos. Yes, that's right… Crypto•com —whose headquarters is in Singapore—will include its native token, Cronos.
3. The Resurgence of At-Home Bitcoin Mining
While most Bitcoin mining is being done in huge “pools” that share rewards, there has been a growing grassroots movement in the open-source mining community, with individuals running their solo-miners from home. And it’s beginning to pay off… Since July 30th, 2024, there have been 3 blocks solo mined by individuals running a ~$200 Bitaxe from the comfort of their homes. Remember, blocks right now are 3.125 BTC each, meaning these individuals are getting a nice ~$250k, all while securing the network.
2. World Liberty Financial Debuts Stablecoin Plans
World Liberty Financial, a “DeFi protocol” (that doesn’t really do anything as of today other than let people buy its WFLI token) tied to President Trump and his family, confirmed Tuesday that it plans to launch a stablecoin dubbed USD1. With Tether pulling in $13B in profits last year, it’s clear why everyone, including Team Trump, is angling for a slice of the stablecoin pie. Meanwhile, the administration hopes to push a stablecoin bill through Congress by June, setting national rules for these tokens.
1. Debanking Loophole Gets Eliminated
The FDIC is following the OCC’s lead in ditching “reputational risk” as a factor in supervising banks – a fuzzy practice that sounds good in theory, which allowed regulators to effectively de-bank lawful crypto companies (a.k.a. Operation Chokepoint 2.0). This aligns with Senator Tim Scott’s FIRM Act, which cements objective, fact-based rules for banking services. Bottom line: No more punishing businesses over potential “bad press.” Now, crypto firms can access banking on fair, quantifiable terms.
How to Claim Your Stake in Elon’s Private Company, xAI
Even though xAI is a private company, angel investor Jeff Brown has found a way for everyday folks to partner with Elon on what he believes will be the biggest AI project of the century… Starting with as little as $500.
About CoinSnacks Launched in December 2017, CoinSnacks is home to the longest continuously running crypto newsletter. In a space flooded with new projects, research, & narratives, it can be hard to keep up. CoinSnacks offers a solution by doing the digging for you, so you don't have to spend hundreds of hours sifting through the noise. Learn more here →
Reach Our Audience If you’re a brand interested in partnering with CoinSnacks to find your next customers, partners, or allies, we’d love to hear from you. Learn more here →
