Top Crypto Headlines: Strategy Acquires 7,633 BTC, Gate Collabs Red Bull Formula 1, CAR Launches Meme Token
Strategy ($MSTR) Acquires More Bitcoins
Top Bitcoin bullish firm Strategy (formerly known as MicroStrategy) acquired 7,633 BTC for $742.4 million. That means the company purchased this new amount of Bitcoin at the trade price of $97,255. To date, this company now holds a net of 478,740 BTC. With this holding company is in net unrealised profit of 4.1% YTD 2025.
Alliance Dao Founder Sold All His Ethereum
In the recent podcast show, Alliance DAO founder Qiao Wang disclosed that he sold all of his Ethereum ($ETH) holdings last year because he believes Ethereum blockchain growth potential has been almost over. He had been holding ETH coins for the last 10 years. In the podcast, he also said that he is still optimistic about Ethereum layer-2 Blockchain networks but may only have 10% to 20% to surpass Solana. It is worth it to note that Wang is an alumnus of core Ethereum co-founder Vitalik Buterin.
Gate Exchange Collabs With Oracle Red Bull Racing
Gate.io crypto exchange announced its new partnership with the “Oracle Red Bull Racing” Formula One Racing Team. It is worth it to know that this Formula One racing team is the eight-time World Drivers’ Championship winner team. With the start of the 2025 season, the Gate.io name & logo will be featured on key team assets.
Japanese Regulators to Bring New Rules for Cryptocurrencies
As per the latest local media reports, Japan’s Financial Services Agency plans to bring a set of new rules to treat cryptocurrencies like securities, cutting taxes and approving Bitcoin spot ETFs products. Experts believe that such developments could help to reduce the current tax rate from 55% to 20%. It is expected that new policy changes are expected in June, with legal reforms likely in 2026.
Binance Co-founder Against Current Token Listing Criteria
Binance’s former CEO Changpeng Zhao (CZ) shared his opinion on the current token listing criteria of the centralised crypto exchanges (CEXs) and said that it’s broken. He proposed the idea of listing tokens on CEX should be just like decentralized exchanges (DEXs), and should be automatic. CZ noted that Binance’s announcement for the listing of the token just 4 hours before results in a price pump on DEXs, and when people on CEXs buy a token, then DEX users sell that token on the CEX exchange.
Central African Republic Meme Token
The Central African Republic (CAR) president, Archange Touadéra, announced the launch of a meme token $CAR.
A crypto trader initially purchased $5,000 worth of $CAR tokens, and within 3 hours, he sold for $12 million. That unknown trader grabbed a return of 2,450 fold within three hours.
Binance Lists $TST Token
Binance crypto exchange listed Test ($TST) token. Binance co-founder CZ confirmed that the token was not backed by the Binance exchange or any BNB chain community member. CZ clarified his stance on meme tokens and said that he was never against meme tokens but suggested new crypto entrepreneurs focus on fundamentally better real value-based projects instead of meme tokens.
Read also: Is it worth buying Test (TST) token on Binance? Does CZ support it?
