Hong Kong-based DDC Enterprise Limited has announced a bold move to acquire 5,000 Bitcoin over the next three years following a successful $528 million capital raise. The company plans to
Publicly traded DDC Enterprise plans to buy 5,000 BTC over the next three years after raising fresh funding to fuel its Bitcoin strategy.
The U.S. Securities and Exchange Commission (SEC) is pioneering a universal listing standard for cryptocurrency ETFs to streamline regulatory approval and enhance market efficiency. This initiative allows issuers to file
The Warren Buffett Indicator has climbed to 205%, the highest point ever tracked. That figure officially tops levels seen during both the Dot Com Bubble and the 2008 Financial Crisis. It means the total market cap of US stocks now sits at more than double the country’s GDP, marking the most expensive valuation on record. The market hit this milestone just as trading began for the second half of 2025, and Wall Street’s reaction? Flat. Stocks barely moved. The metric may be screaming red, but traders seem to be holding their breath. The Dow Jones Industrial Average gained 426 points, or 1%, while the S&P 500 hovered near the flatline and the Nasdaq Composite dropped 0.6%. The Dow’s movement came after a change in trading behavior. Investors dumped tech names like Microsoft and Nvidia, two of the biggest winners in Q2, and rotated into health-care firms. Amgen, Merck, and UnitedHealth each jumped close to 3%, while Johnson & Johnson added almost 2%. The tech-heavy Technology Select Sector SPDR Fund, which gained nearly 23% last quarter, started Q3 down 1%. Trump tax bill passes Senate as Musk slams it, Powell hints at pause President Donald Trump’s new tax and spending bill passed the Senate on Tuesday with a narrow 51-50 vote. The legislation, which includes sweeping budget changes, now moves to the House. But it’s already facing public criticism from major corporate names. Elon Musk, CEO of Tesla, called the bill “utterly insane and destructive” on Truth Social. In response, Trump posted on the same platform calling for the Department of Government Efficiency (DOGE) to investigate the government subsidies that Musk’s companies have collected. This is the second time this year the two have clashed over federal funding and regulatory priorities. Elon’s reaction came on the same day Tesla stock dropped more than 5%. It was one of the worst-performing names among large caps. His public comments raised concerns about political backlash against clean energy subsidies, a key part of Tesla’s business model. Elsewhere, Federal Reserve Chair Jerome Powell gave a policy update during a European Central Bank panel in Portugal. Powell said that without Trump’s tariffs, the Fed would have likely cut interest rates again by now. “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence,” Powell said . He didn’t clarify whether July would be too soon for another move, instead saying any decision would be based on data. Corporate bitcoin buying overtakes ETFs for third quarter On the crypto side, corporate buying of bitcoin continued to outpace ETFs for the third straight quarter. Public companies added around 131,000 BTC in Q2, increasing their holdings by 18%. In comparison, ETFs added 111,000 BTC, a growth of 8%. Leading the pack is Strategy, still holding the largest stash among public companies. But others are catching on. Ben Werkman, Chief Investment Officer at Swan Bitcoin, said the landscape is shifting. “It’s going to be very hard to catch Strategy’s scale,” Werkman said. “They’re going to be the preferred landing spot for institutional capital because of the deep liquidity around their equity, while these smaller equities are going to be really good risk returns for retail investors and smaller institutions that want more of that upside.” Back on Wall Street, Berkshire Hathaway’s stocks responded to the Buffett hype. Class A shares closed at $733,214.44, up $4,414.44 or 0.61%, while Class B shares ended the day at $488.70, rising 0.60%. These gains came as the Buffett Indicator dominated headlines, though the company’s performance had no direct link to the broader market overvaluation that the metric tracks. Markets had already recovered significantly after their April slide, triggered by Trump’s aggressive tariff policies. Back then, the S&P 500 flirted with bear market territory. Since then, things have turned. The S&P 500 closed out Q2 with a 10.6% gain, and the Nasdaq jumped nearly 18%. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Michael Saylor’s Strategy has stunned Wall Street critics as the once-struggling software and business intelligence firm recorded approximately $14 billion in unrealized gains during the second quarter, elevating it to the exclusive tier of corporate giants, including Amazon.com Inc. and JPMorgan Chase & Co. This prestigious position is typically reserved for a handful of U.S. companies whose operating profits exceed $10 billion quarterly by generating billions in revenue. According to a July 1 Bloomberg report , Strategy (formerly known as MicroStrategy) has now secured membership in this Wall Street elite circle. Michael Saylor’s Strategy to Join Wall Street Elite With $14 Billion Windfall https://t.co/TUXH3nEpy9 — Michael Saylor (@saylor) July 1, 2025 The dramatic turnaround from near-obscurity stems from Bitcoin’s price recovery in April and May and a recent accounting methodology change at Strategy regarding the valuation of its substantial cryptocurrency holdings. Per Bloomberg projections, Strategy is expected to generate approximately $112.8 million in second-quarter revenue from its traditional software operations. Critics Double Down on Saylor’s Bitcoin Treasury Strategy Despite Record Performance The anticipated record profit for the quarter ending June 30 comes amid intensified criticism from prominent skeptics, including renowned short-seller Jim Chanos. During a recent Odd Lots podcast episode titled “On the Absurdity of Bitcoin Treasury Companies,” Chanos criticized Strategy’s treasury strategy and advised investors to short MSTR stock while purchasing Bitcoin directly, betting that the large premium the stock commands over its token holdings will eventually contract. Noted short-seller Jim Chanos is now shorting shares of Strategy (formerly @MicroStrategy ) while simultaneously buying Bitcoin directly. #JimChanos #Bitcoin https://t.co/EKkOhUWttz — Cryptonews.com (@cryptonews) May 15, 2025 Chanos shared Strategy’s latest Bitcoin acquisition data, commenting: “It looks like Saylor will be happy to sell you some more MSTR stock, as he tapped the common equity ATM for over half a billion dollars again last week.” In that case, it looks like Saylor will be happy to sell you some more $MSTR stock, as he tapped the common equity ATM for over half a billion dollars again last week. pic.twitter.com/N8Sp0t26yO — James Chanos (@RealJimChanos) June 30, 2025 The Wall Street investor also revealed insider information suggesting that Strategy was being considered for S&P 500 inclusion, though this decision has reportedly been delayed until September. However, Saylor maintains that most critics fundamentally misunderstand Strategy’s business model. He has faced criticism for over four years, yet his company has dramatically outperformed both single stocks and the broader S&P 500 index. Strategy’s shares (MSTR) have skyrocketed more than 3,130% since Saylor initiated Bitcoin purchases in mid-2020 as an inflation hedge. Source: Google Finance During the same timeframe, Bitcoin has gained approximately 1,000%, while the S&P 500 has risen around 115%. THIS IS F*CKING POWER!!! $MSTR UP 1,540% VS S&P 500’S 111% SINCE 2020. THE #BITCOIN STRATEGY CAN’T BE BEATEN!!! pic.twitter.com/xWFNtH277H — Kyle Chassé / DD (@kyle_chasse) October 16, 2024 The stock rose 40% in the second quarter, outperforming the S&P’s 11% gain. Recall that Strategy concluded its strongest month since November 2024 with a 32% surge in April, closing at $380.11, up from $288 at the period’s start. Strategy Accounting Changes Drive Q2 Profitability as Corporate Bitcoin Adoption Spreads Strategy’s substantial Bitcoin holdings are beginning to translate into profitability primarily due to anticipated modifications in cryptocurrency asset accounting regulations. Despite widespread awareness of the accounting methodology change , the first-quarter loss has attracted several class-action lawsuits alleging that Strategy executives made false and misleading statements that harmed shareholders. Strategy stated its intention to “vigorously defend against these claims” in a recent Securities and Exchange Commission filing . Saylor’s Bitcoin accumulation strategy has inspired numerous imitators seeking to replicate his success. Other companies are also adapting the approach for different cryptocurrency tokens. For example, SharpLink Gaming Inc. is accumulating Ether, the second-largest cryptocurrency, while Upexi Inc. recently raised $100 million to purchase Solana tokens. SharpLink Gaming has emerged as the world’s largest publicly traded holder of Ethereum (ETH), after acquiring 176,271 ETH for $463 million. #ETH #Sharplink https://t.co/ynahjYt7Hd — Cryptonews.com (@cryptonews) June 13, 2025 A group of hedge fund executives recently attempted to raise $100 million to acquire BNB, Binance’s native token , through a publicly traded vehicle. Most recently, BitMine Immersion Technologies’ stock soared 511% after announcing a $250 million private placement dedicated entirely to Ethereum accumulation as part of its Ether treasury strategy. The post Michael Saylor’s Strategy Shocks Wall Street As $14 Billion Bitcoin Gains Match Amazon & JPMorgan appeared first on Cryptonews .
The Smarter Web Company (SWC) has made a significant move by acquiring an additional 230.05 BTC, signaling growing corporate confidence in Bitcoin as a strategic asset. This purchase raises SWC’s
Trump’s “big, beautiful bill” passed the Senate, but without any provisions related to the crypto industry. Trump’s budget bill passed the Senate, but the crypto industry has little to celebrate. On Tuesday, June 1, the U.S. Senate passed the sweeping budget bill, with a razor-thin margin. Yet, despite Donald Trump’s past vocal support for the crypto industry, the bill had no crypto-related provisions. Specifically, there was no mention of “digital assets,” “Bitcoin,” “Ethereum,” “crypto,” “web3,” or “blockchain” anywhere in the over 1000-page bill. This is despite specific efforts by pro-crypto Senators to include tax breaks for the industry in the bill. Notably, Senator Cynthia Lummis, a vocal advocate for digital assets, argued for changing the tax code for crypto mining and staking. She argued that miners and stakers were taxed twice, once when they received block rewards and then again when they had to sell them. For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it. It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower. 🇺🇸 — Senator Cynthia Lummis (@SenLummis) June 30, 2025 You might also like: Senator Lummis pushes for crypto-friendly amendments in Trump’s Big Beautiful Bill Miners and stakers seek relief from taxation Currently, the IRS classifies profits from crypto mining and staking as income, which is taxed at fair market value at the time of receiving them. Once the miners sell their crypto, they have to report capital gains and pay a flat rate on these profits. While these taxes don’t strictly entail double taxation, miners and stakers complain that the system is overly burdensome. Namely, they have to pay taxes before realizing any profits, or before converting any crypto to fiat. You might also like: Guide to paying taxes on cryptocurrency income Lummis also advocated for tax exemptions for small crypto transactions, or a “de minimis” rule. These are often transactions that involve small payments for gas fees, small transfers, etc. While transactions don’t generate much tax income, they are a significant burden when it comes to tax reporting. The crypto industry was one of the biggest donors in the November 2024 elections. They supported candidates from both parties, raising over $190 million for their campaigns. Read more: Crypto taxes: What does regulation look like around the world?
33-year-old socialist Zohran Mamdani became a surprise favorite among the NYC mayoral candidates from the Democratic Party and is considered a likely winner in the election. Mamdani’s socialist platform is criticized for being naive and unrealistic. However, his popularity is a signal to capitalists that the masses of New Yorkers are unheard of. Why does crypto X blast Mamdani? Is he an enemy of cryptocurrencies? Table of Contents Zohran Mamdani’s background and platform Can Mamdani save New York? Why does Crypto Twitter not like Mamdani? Conclusion Zohran Mamdani’s background and platform Zohran Mamdani’s parents are Ugandan academic and political commentator Mahmood Mamdani and award-winning Indian American filmmaker Mira Nair. Mamdani’s family moved to the USA from Uganda when Zohran was seven. Mamdani is Muslim and an outspoken socialist. He criticizes Israel’s actions in Palestine while opposing anti-semitism at the same time. Mamdani has a degree in African studies. Prior to starting a political career, he worked as a housing counselor. He has been a member of the New York State Assembly from the 36th district since 2021. Mamdani announced he is running for mayor of New York in October 2024. His platform is based on the idea that New York got too expensive to live in for working-class New Yorkers, which is true, given that even one-bedroom apartments in working-class districts can cost over $3,000 or even $4,000 per month. Mamdani’s supporters use slogans such as “Freeze the Rent” and “A City We Can Afford” while Mamdani is addressing the cost-of-living crisis in his speeches. His initiatives include abolishing payment for the use of buses, creating affordable city-owned grocery stores across the city, providing public child care, freezing housing prices, and building more affordable houses. These ideas resonated with young lodgers of New York and Asian and Latinx voters. In June, Mamdani became the leading candidate from the Democratic Party, beating former New York State Governor Andrew Cuomo in the Democratic primary. Mamdani’s success scared and angered Republicans, big business, and some of the moderate Democrats. Can Mamdani save New York? Just like Donald Trump before the presidency, Mamdani is criticized for lacking real experience in politics. His success owes much to social media and efficient promotion. The assembly years of Mamdani weren’t marked with any achievements. Now that his campaign has proved to be victorious, critics worry about a possible disastrous mayoral term of Mamdani. Mamdani’s ideas are criticized for being naive and even harmful : rent grows slower than the maintenance costs for apartment owners, while the promise to build affordable housing projects totally ignores the fact that New York has already been championing this strategy for many years. More than that, the rent prices for 40% of apartments are already controlled (landlords cannot raise the cost more than 5% a year). This policy shows poor results as the uncontrolled housing gets costlier, while controlled housing loses in quality as landlords cut expenses. Freezing the rent altogether will only make it worse. Mamdani’s plan to tax the rich to pay off his public projects may also find opposition from the governor and state legislature. As for the buses, critics say that free buses will attract new passengers who now use the subway. This pressure may worsen the traffic jam situation. Why does Crypto Twitter not like Mamdani? It seems that many of Mamdani’s plans are too hard to materialize, or they are just bad at their core. However, Crypto X (Twitter) has one more reason to hate a new Democratic leader: he is not a cryptocurrency champion, while his opponents in the election are pro-crypto. Republican candidate Curtis Sliwa promised to widen the Bitcoin ATM infrastructure back in 2021. Also, he was urging local businesses to start accepting crypto payments. The incumbent NYC mayor, who is going to get re-elected as an independent candidate, Eric Adams, is a crypto advocate who famously said that he received his first three mayoral paychecks in Bitcoin. Adams was calling New Yorkers to oppose Bitlicense, a framework that stalls cryptocurrency business in New York, and participated in various other cryptocurrency initiatives. As NYC #Mayor , I will make #NYC the most cryptocurrency-friendly city in the nation Property taxes, fines & fees will be payable in #crypto We will open more crypto ATMs & incentivize businesses to accept crypto We must modernize our economy & make it accessible for ALL! pic.twitter.com/WW2zPncEps — Curtis Sliwa (@CurtisSliwa) September 1, 2021 Read more: New York Mayor Pushes State to Drop “Stifling” BitLicense Program Mamdani is not a strong crypto proponent. He used a cryptocurrency topic as the reason to criticize former governor Andrew Cuomo, calling him out for advising an OKX exchange that broke local rules and had to pay $505 million in fines. Andrew Cuomo could’ve spent the years since his resignation making amends and helping New Yorkers. Instead he hounded the women who spoke out about his serial harassment, fought to keep his book deal millions…and advised a foreign crypto exchange that broke US law. pic.twitter.com/kBxkNGdrgA — Zohran Kwame Mamdani (@ZohranKMamdani) April 2, 2025 In 2023, Mamdani called to tighten regulations on cryptocurrency in New York, despite the fact that New York is already a tough jurisdiction for cryptocurrency businesses. Basically, that’s all Mamdani had to say about crypto during his lifetime. When crypto companies collapse, it isn’t the rich who suffer, it’s small investors who disproportionately come from low-income and communities of color. @NewYorkStateAG has a bill to address this and protect New York investors. Let’s do it! https://t.co/z0lCuPzkK9 — Zohran Kwame Mamdani (@ZohranKMamdani) May 11, 2023 It is not Mamdani’s lack of support for crypto, nor the weakness of his platform, that is the target for Crypto Twitter. It seems that many in the community simply hate Mamdani for being a socialist, Israeli military aggression critic, and “tax the rich” proponent. Some even point at his Ugandan roots as a problem or bring up the fact that Mamdani is not poor himself, as if it means he is not honest with the voters. Your mom lets you stay in her $2 million condo in Chelsea. Why are you pandering? You are rich. You are a nepo baby. https://t.co/uq8bbSjHP9 — Laura Loomer (@LauraLoomer) June 30, 2025 As many big figures in the crypto community don’t have reservations about being or becoming ultrawealthy, they seem to be angered and scared by the sudden success of Mamdani, who claimed, “I don’t think we should have billionaires because it is so much money in a moment of such inequality.” Zohran Mamdani: “I don't think that we should have billionaires.” Do you agree? Is there a point in being a billionaire besides for power? pic.twitter.com/zEyE0yHHp1 — Brian Krassenstein (@krassenstein) June 29, 2025 Billionaire and hedge fund manager Bill Ackman is one of the most concerned about Mamdani’s person on X. He cites the poorly based post suggesting that the results in the Democratic primary are not impressive as a thoughtful piece, and reposts various tweets that bring up Mamdani’s remoteness from the working class or his distaste for Benjamin Netanyahu as problematic. Socialism is a mental disease spread by those looking to prey on the economically illiterate. — Anthony Pompliano 🌪 (@APompliano) June 30, 2025 One of the retweeted posts is by Anthony Pompliano, a cryptocurrency podcaster and the new CEO of the ProCap BTC Bitcoin treasury company. On his podcast, he shared a clip in which market analyst Jordi Visser explains why the youth lean toward socialism. Frustration and the feeling that the system is failing them are to blame. Visser, however, sees that Bitcoin may be the way out–something that is missing from Mamdani’s platform. In the same video, Pompliano shares the text from a venture capitalist, Peter Thiel, who cites student debt, unaffordable housing, long-term negative capital, no stake in the capitalist system, and the lack of eagerness of the boomer generation to pass the power to younger generations. Interestingly, Pompliano suggests that the solution for the youth would be copying the behavior of successful people of the past: accumulating capital, embracing new technologies, and taking risks–diving into the Bitcoin space matches all three suggestions. However, it only emphasizes that the old-school pipeline of the American Dream is systematically broken, and Bitcoin is one of the newer bypasses in the post-2008-and-2020-crises world order. Gemini exchange co-founder Tyler Winklevoss made a viral post condemning the youth supporting Mamdani. He concluded that socialism can be a hard lesson for Zoomers and millennials to learn why socialism is a bad idea. A lot of people have asked me if I will get involved in the NYC mayor race by supporting a candidate that can defeat Zohran Mamdani. TBH, I’m torn and undecided. Like every other city run by democrats, NYC is a broken kleptocracy. Taxes are astronomical and services are pathetic… — Tyler Winklevoss (@tyler) June 26, 2025 However, many in the comment section pointed out that instead of speaking about how good it is for New Yorkers to “learn it the hard way,” Winklevoss could come up with a more positive program, for instance, educating the youth about dangers of socialism the same way Mamdani earned his popularity–via social media, or just through “throwing good money at [capitalism] to work outside your trust fund.” Blaming socialism for millennial disillusionment is wild when it was capitalism—2008, student debt, unaffordable housing—that radicalized millennials. Also rich (ha): a billionaire crypto mogul lecturing NYC on kleptocracy while VC money launders luxury towers and rig… — efficientenzyme (@efficientenzyme) June 26, 2025 Conclusion New York is home to Gemini, MoonPay, Circle, Paxos, and other cryptocurrency projects. The mayor of the city will have an impact on the crypto industry of the U.S., per se. The probable victory of Mamdani casts a shadow on the prospects of the cryptocurrency business in New York, as the crypto sector is nonexistent in his campaign. It’s four months until the November election, and things can change. You might also like: ‘Shield crypto from federal overreach’: Winklevoss twin says
Botanix Labs has launched its Ethereum Virtual Machine-compatible Bitcoin Layer 2 mainnet, promising decentralized smart contracts and significantly faster BTC block times. The network’s innovative “Spiderchain” architecture enables five-second finality
BitcoinWorld Japanese Game Developer CyberStep Pioneers Ambitious $6.96M Crypto Reserve for Web3 Future In a significant move signaling the growing convergence of traditional entertainment and decentralized finance, CyberStep, a prominent Japanese game developer renowned for its popular online claw machine game Toreba, has launched an ambitious new initiative. This strategic pivot into the digital asset space marks a bold step, setting a precedent for how established gaming companies are embracing the future of finance and technology. Why is this Japanese Game Developer Making Waves? CyberStep’s decision to dive deep into the cryptocurrency world isn’t just a fleeting trend; it’s a calculated move. On July 1, the company officially unveiled CRYPTECH Capital, a dedicated division poised to manage its foray into digital assets. This isn’t merely about dabbling; it’s about establishing a robust foundation within the burgeoning Web3 ecosystem. For a leading Japanese game developer , this move underscores a belief in the long-term viability and transformative potential of blockchain technology, especially as it relates to interactive entertainment. Building a Strategic Crypto Reserve: The Vision At the heart of CyberStep’s new venture is the commitment to building a substantial crypto reserve . The company’s strategy involves converting tokens generated from its various Web3 services into established major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). These assets will then be held on the company’s balance sheet, providing a stable foundation and potentially new avenues for growth. This approach demonstrates a clear understanding of market dynamics, opting for blue-chip cryptocurrencies known for their liquidity and relative stability within the volatile crypto landscape. CyberStep’s Bold Digital Asset Strategy Unpacked The financial commitment behind this initiative is noteworthy. CyberStep has initially allocated 200 million yen (approximately $1.39 million) for immediate crypto purchases within the fiscal year ending May 2026. This initial investment is just the beginning. The long-term vision for this digital asset strategy is to expand the reserve significantly, aiming for a target of 1 billion yen (around $6.96 million), contingent on favorable market conditions. This phased approach allows the company flexibility to adapt to market fluctuations while steadily building its digital asset portfolio. It’s a pragmatic and forward-thinking strategy for managing risk and maximizing potential returns. The Future of Web3 Gaming and Beyond CyberStep’s move highlights a broader trend: the increasing integration of blockchain technology into the gaming industry. The creation of Web3 services, which leverage decentralized technologies, is a key component of this shift. By converting tokens from these services into major cryptocurrencies, CyberStep is not only diversifying its assets but also strengthening its commitment to the decentralized future. This could pave the way for more innovative in-game economies, true digital ownership for players, and new forms of interaction within the Web3 gaming sphere. It positions CyberStep at the forefront of this evolving digital frontier, potentially inspiring other traditional game developers to explore similar paths. What Does This Mean for CyberStep Crypto Holdings? The establishment of CRYPTECH Capital and the accumulation of a substantial CyberStep crypto reserve could have several implications: Enhanced Financial Stability: Holding major cryptocurrencies like BTC and ETH can act as a hedge against inflation and offer diversification from traditional fiat currencies. Future Investment Opportunities: A strong digital asset base provides capital for future Web3 projects, acquisitions, or partnerships. Industry Leadership: By proactively embracing crypto, CyberStep solidifies its position as an innovator in the gaming and tech sectors. Player Engagement: The integration of Web3 elements could lead to more engaging and rewarding experiences for players, potentially increasing user retention and growth for games like Toreba. This strategic decision reflects a growing confidence among established companies in the long-term value and utility of digital assets. CyberStep’s ambitious venture into building a significant crypto reserve through CRYPTECH Capital is a clear signal of the evolving landscape where gaming, technology, and finance intertwine. This Japanese game developer is not just observing the Web3 revolution; it’s actively participating, aiming to secure its financial future and innovate within the digital realm. Their strategic approach, focusing on major cryptocurrencies and a phased investment, sets a compelling example for other traditional businesses considering a leap into the decentralized world. As the digital economy continues to expand, CyberStep’s proactive stance positions it for remarkable growth and influence in the years to come. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum institutional adoption. This post Japanese Game Developer CyberStep Pioneers Ambitious $6.96M Crypto Reserve for Web3 Future first appeared on BitcoinWorld and is written by Editorial Team