AAVE rallied as much as 25% today, fueled by growing optimism across its ecosystem and a spike in trading activity. Aave (AAVE) soared to an intraday high of $269 on May 20 afternoon Asian time, marking its highest level since…

AAVE rallies over 25% as a golden cross pattern nears

Michael Arrington, co-founder of Arrington Capital, a Web3 venture capital 
company that has invested in over 200 projects since 2017, has severely 
criticized the recent data leak involving Coinbase&#8217;s customers. Arrington, 
also a Coinbase investor, stated that the human cost of this mistake will be 
much higher than the $400 million said to be reimbursed […]

Crypto Millionaire Believes Coinbase Data Leak Will Lead to Deaths

Strive Enterprises, the asset management firm founded by Vivek Ramaswamy, has 
announced plans to purchase distressed Bitcoin claims. Some of these claims 
include those tied to the Mt. Gox estate. This announcement came through a 
strategic partnership with 117 Castell…

Strive to acquire ‘distressed’ Mt. Gox Bitcoin at discounted price

XRP price has slowly formed a bullish pattern, pointing to an eventual rebound 
as whales buy and negotiations with Circle continue. Ripple (XRP) was trading 
at $2.33 on Tuesday, down 12% from its highest point this week. On-chain data 
shows…

XRP price forms bullish pattern as whale accumulation grows

Shares in Indonesian fintech firm DigiAsia Corp jumped sharply on May 19 after 
it revealed plans to put Bitcoin at the center of its future. Related Reading: 
XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst The company 
wants to raise $100 million to start building a BTC reserve, and it says half 
of its net profits will go toward buying more. The announcement got a lot of 
attention—maybe too much, too fast. Stock Soars On Bitcoin Reserve Plan 
DigiAsia’s stock, which trades under the ticker FAAS on the Nasdaq, closed the 
day up more than 91% at 36 cents, Google Finance data shows. But the 
excitement didn’t last long. After hours, the price dropped 20% to 28 cents. 
That sudden move shows how quickly investor mood can shift, especially when 
crypto is involved. Source: Google Finance The stock had been down around 50% 
this year before the announcement. It was trading close to $12 back in March 
2024. Now, it’s nowhere near those highs. This latest surge looks like a shot 
of adrenaline, not a long-term fix. Bitcoin Reserve Plan And Profit Pledge 
DigiAsia isn’t just talking about Bitcoin—it’s making it part of its future 
profits. The company’s board has already approved a plan to treat Bitcoin as a 
treasury reserve asset. That means it’s not just holding cash; it wants BTC in 
its back pocket. It also said it would put up to 50% of its net profits into 
acquiring Bitcoin. The company is currently looking to raise up to $100 
million to get that plan moving. It might use tools like convertible notes or 
crypto finance products to do that. Management is also in talks with regulated 
partners to figure out how to earn yield on its holdings, possibly through 
lending or staking. Revenue Growing But Still Small Based on an April 1 
financial update, DigiAsia brought in $101 million in revenue in 2024, a 36% 
jump from the year before. It’s aiming for $125 million in 2025, with 
projected earnings before interest and taxes of $12 million. That’s solid 
growth, but the company is still small compared to others getting into 
Bitcoin. Related Reading: Analyst Drops Dogecoin Bombshell: 174% Surge To 
$0.65 In Sight Some are questioning whether it’s ready to play in the same 
league as firms like Strategy or even GameStop, which raised $1.5 billion 
earlier this year. DigiAsia’s numbers show ambition, but also limits. Bitcoin 
Adoption Among Public Companies More and more companies are buying into 
Bitcoin, currently trading around $105,116, with a market cap close to $2 
trillion, as a long-term strategy. MicroStrategy, now known as Strategy, holds 
over 576,000 BTC—worth around $60.9 billion. Strive Asset Management also 
announced it’s shifting into a Bitcoin treasury approach. Featured image from 
Unsplash, chart from TradingView

Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift

The xAI-Kalshi partnership could revolutionize prediction markets by enhancing 
decision-making with AI-driven insights, impacting financial and political 
sectors.
The post Elon Musk&#8217;s xAI teams up with Kalshi to power prediction market bets 
with AI appeared first on Crypto Briefing.