
Evgeny🍖
@gagash
2500 Following
332 Followers
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Ethena Foundation to spin up SPAC called StablecoinX dedicated to buying millions worth of ENA
On Monday, a dedicated unit of the foundation announced it entered an agreement with the TLGY Acquisition (ticker TLGYF) special purpose acquisition company to go public. The Ethena Foundation spun up a newly-formed validator and infrastructure business to purchase millions worth of ENA.
Both firms have also entered into private investment in public equity deals for approximately $360 million total. This includes a $60 million investment from the Ethena Foundation and additional capital commitments from leading investors Dragonfly, Ribbit Capital, Blockchain.com, Pantera Capital, ParaFi Capital, Haun Ventures, Polychain Capital, Galaxy Digital, Wintermute, among others.
https://www.theblock.co/post/363610/ethena-foundation-to-spin-up-spac-called-stablecoinx-dedicated-to-buying-millions-worth-of-ena 0 reply
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Fourth of July Whale Consolidates 40,000 BTC Into One Address — What’s Next for Billions in Bitcoin?
Exactly 163 blocks after moving the 10,000 BTC, at block height 905868, the whale behind the July 4, 2025, 80,000 BTC movement rounded up the remaining 40,000 BTC into one address. As Bitcoin.com News detailed yesterday, after consolidating the first 40,000 BTC batch — which was later routed to a Galaxy address and then dispersed across multiple crypto exchanges — the whale sent 1 BTC and 9,999 BTC to an unknown wallet.
https://news.bitcoin.com/fourth-of-july-whale-consolidates-40000-btc-into-one-address-whats-next-for-billions-in-bitcoin/ 0 reply
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