UK Seizes Crypto ATMs Amid Crackdown. Block stock pops as it is added to the S&P 500. Trump media company acquired $2 billion in bitcoin and Strategy CEO Michael Saylor owns 3% of all Bitcoin. Jane King has the latest from the NYSE.
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Here's a look at your Coin Street headlines.
Crypto ATMs have been seized in the UK amid growing scrutiny of kiosk-based exchanges.
Crypto ATM arrests in London come as US states like Wisconsin moved to limit daily transactions and mandate fraud warnings.
According to a report by the FBI, victims lost about 247 million to scams that involved crypto ATMs.
2023, block rose 7% after the S&P Global said the fintech company will replace Hess in the S&P 500.
Passive funds are expected to buy about 100 million shares ahead of the inclusion.
That's according to Stevens.
Now Robin Hood, up more than 345% over the past year, is still shut out of the S&P 500 despite having a market cap that is about double Block's valuation.
Trump Media and Technology Group, the firm behind True Social, has acquired about $2 billion in Bitcoin and related securities.
Bloomberg reports this is part of the previously announced plan to become a crypto treasury company.
Trump Media plans to continue acquiring Bitcoin and Bitcoin-related assets and to convert its options into Bitcoin depending on market conditions.
Well, Michael Saylor's strategy now owns more than 3% of all the Bitcoin ever minted that follows the crypto Treasury company's latest purchase of Bitcoin.
The former MicroStrategy Incorporated acquired more than 6000 Bitcoin for $740 million during the seven days ending July 20th, according to a filing with the SEC.
This raised the Tyson's Corner, Virginia-based firm's holdings to 607,000 Bitcoin, and that's the latest Coy Street headlines.