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Quick Take Bitcoin hit a new all-time high near $110,000 on Wednesday, rebounding sharply from its April lows below $75,000, and tracking a broader risk asset recovery. An American tourist, Jacob Irwin-Cline, claims a fake Uber driver stole $123,000 in bitcoin and XRP from him after a night out in Soho.
Quick Take Santori said the firm’s SOL treasury strategy lets the firm maneuver in ways that a “simple, passive” fund cannot, offering potential reasoning behind the firm’s aggressive solana accumulation pivot earlier this year.
Quick Take Texas lawmakers passed a bill on Wednesday that allows for the creation of a strategic Bitcoin reserve. Supporter of the bill, Texas Blockchain Council’s founder and President Lee Bratcher, told The Block he expects Governor Greg Abbott will sign the bill. Bratcher estimates the state will initially invest tens of millions of dollars in Bitcoin.
Quick Take Johnson is now the fourth and final commissioner over the past few days to announce they plan to leave the agency. Vacancies will need to be filled at the agency, which is done by the president and confirmed by the Senate.
Quick Take World, formerly knowns as Worldcoin, raised $135 million through a WLD token sale. Participants in the fundraise include Andreessen Horowitz and Bain Capital Crypto. World plans to bolster its United States expansion as well as grow the World Network through the token sale.