Lightning Ventures, a VC firm in the Bitcoin space, launched Thunder Funder, a Regulation Crowdfunding (Reg CF) portal, at the Bitcoin 2024 conference last week.  The platform aims to democratize early-stage investing in Bitcoin and open-source startups by allowing both accredited and non-accredited investors to participate. 

Thunder Funder leverages the Reg CF framework, which permits companies to raise up to $5 million annually from the public. For the first time, this opens up largely inaccessible startup investment opportunities to retail investors interested in the booming Bitcoin and open source sectors. 

Lightning Ventures has invested over $6.8 million in nearly 40 Bitcoin…

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Coinbase, a leading US-based cryptocurrency exchange, exceeded analyst predictions in Q2 2024, posting $1.4 billion in revenue against an expected $1.36 billion. Despite a quarterly decline from $1.6 billion, the firm’s results signify robust interest and growth in digital currencies. Notably, the usage of its Base layer-2 network spiked by 300%, and stablecoin revenues increased to $240.4 million, underscoring a rising trust in crypto stability.

The company faced challenges, with net income falling sharply to $36 million due to significant unrealized losses in its investment portfolio amid lower crypto prices. However, strategic advancements in crypto legislation and its Stand With Crypto initiative, which has rallied over 1.3 million advocates, reflect growing mainstream acceptance and political influence of cryptocurrencies.

As Coinbase navigates a complex financial landscape, its continued focus on expanding services and legislative advocacy positions it as a pivotal player in fostering wider cryptocurrency adoption, despite facing financial headwinds and market fluctuations.

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According to data from Bitcoin Magazine Pro, the global money supply, also known as global liquidity, has hit an all-time high of $95 trillion; Bitcoin investors and analysts closely watch this key indicator, as higher liquidity has historically preceded major bull runs.

Global liquidity is the total amount of money circulating in the global financial system. It encompasses the M2 money supply of major economies like the U.S., China, EU, Japan, etc. M2 includes cash, bank deposits, money market mutual funds, and other near-money assets.

This figure recently hit $95 trillion, approaching the $100 trillion milestone. The previous all-time high was around $95 trillion, as well, when Bitcoin…

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MicroStrategy, the prominent business intelligence firm, has significantly expanded its Bitcoin portfolio, acquiring an additional 12,222 BTC for $805 million in the recent quarter. This strategic move increases the firm’s total Bitcoin holdings to a staggering 226,500 BTC, valued at approximately $14.7 billion. Despite facing a quarterly revenue dip of 7% and notable losses, the firm’s aggressive Bitcoin acquisition underscores its confidence in cryptocurrency as a robust investment.

In a quarter marked by financial challenges, MicroStrategy reported a net loss of $123 million, showing a slight improvement over the previous year. However, the firm introduced an innovative key performance indicator, “Bitcoin Yield,” which tracks the performance ratio between Bitcoin holdings and outstanding shares. This new metric, reflecting a 12.2% yield so far this year, aims to enhance shareholder value, suggesting a promising outlook on the firm’s Bitcoin strategy.

Looking ahead, MicroStrategy continues to demonstrate its commitment to Bitcoin, planning a $2 billion equity offering to potentially finance further acquisitions. This move, coupled with an upcoming 10:1 stock split, signals a robust strategy to leverage Bitcoin for future growth, maintaining an optimistic stance despite current market volatilities.

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