Search results for "JACK"
15:42

Strike founder Jack Mallers: Ethereum will not surpass Bitcoin

Golden Finance reported that Strike founder Jack Mallers responded on the X platform to Ethereum co-founder Joseph Lubin's view that Ethereum will disrupt the monetary foundation of Bitcoin. He stated that Ethereum will not surpass Bitcoin, as Bitcoin is a currency and a $5 trillion opportunity, whereas Ethereum is a technology and at best a rising tech company, making it impossible to compare the two. Jack Mallers added that unlike Ethereum, even Satoshi Nakamoto could not pre-mine Bitcoin; each Bitcoin is obtained through Proof of Work, linked to real-world value and income.
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11:06

BiyaPay Analyst: Jack Ma's affiliated company Yunfeng Financial purchased Ether, and the stock price rose 6% today.

Alibaba's affiliated company Yunfeng Financial purchased 10,000 ETH at an average price of $4,400, leading to an increase of over 6% in its Hong Kong stocks, attracting market attention. Analysis indicates that its large Holdings significantly impacts market sentiment and price movement, while the company is laying out plans in the digital finance sector, providing investment references. BiyaPay Wallet offers users a one-stop service to assist in asset appreciation.
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10:16

Jack Co., Ltd.: Stock abbreviation changed to Jack Technology

Jin10 Data reported on September 4th that Jack Holdings announced that the company’s stock abbreviation has changed from "Jack Holdings" to "Jack Technology," while the stock code "603337" remains unchanged. The abbreviation change date is set for September 10, 2025. The reason for this change is that the company’s business has surpassed traditional manufacturing concepts and has deeply integrated into cutting-edge technology fields such as the industrial internet and artificial intelligence. To align with the company's strategic development layout and future industry planning, the company intends to change its stock abbreviation.
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02:50

Yunfeng Finance fell 4.09% during the session, having previously announced the purchase of 10,000 ETH.

Odaily News Yunfeng Financial (HK:00376) price turns lower after positive open, at one point falling 4.09% during the session, now reported at 3.52 HKD. Previous news: Yunfeng Financial, in which Jack Ma has an indirect stake, has purchased 10,000 ETH, with a total investment cost of 44 million USD. Recommended reading: Entering Ethereum, is Jack Ma's Web3 layout just beginning?
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ETH-2.07%
00:37

Gate Daily (September 3): SEC and CFTC team up to clear obstacles for Spot Crypto Assets trading; Jack Ma's Yunfeng Financial purchases 10,000 ETH.

Bitcoin (BTC) has rebounded, currently reported at around 111,550 USD. The US SEC and CFTC issued a joint statement announcing coordinated measures for US spot crypto assets trading. Yunfeng Financial, associated with Jack Ma, announced the purchase of 10,000 Ether (ETH), with a total investment cost of 44 million USD. Due to the imminent phishing threats, 80% of the top WLFI holders have taken profits and cashed out.
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05:22

CoreWeave investors dumped over $1 billion worth of shares after the IPO lock-up period ended.

Golden Finance reports that Morgan Stanley, JPMorgan Chase, and Goldman Sachs organized over $1 billion in Block Trading for CoreWeave, after insiders of the AI data center group sold their shares for the first time since the company's IPO. According to company documents, as the lock-up period expires on Thursday evening, the sellers include CoreWeave director Jack Cogen, whose sold shares have a total market value of nearly $300 million. The stock price stabilized at around $100 on Friday afternoon, having dropped about 35% in the previous two days.
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15:13

Block releases modular Bitcoin Mining Rig Proto and Open Source management software

PANews August 14 news, Block, the Bitcoin financial and payment company founded by Jack Dorsey, officially launched the modular Bitcoin Mining Rig Proto Rig and the free open source management software Proto Fleet, aimed at improving mining efficiency, dropping maintenance costs, and promoting the popularization and decentralization of Bitcoin Mining.
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10:58

U.S. stock market pre-market Block rises over 9%, revealing total BTC holdings of 8,692 coins.

BlockBeats news, on August 8, according to RockFlow market data, in pre-market trading, Twitter co-founder Jack Dorsey's payment platform Block Inc (XYZ) rose over 9%, with a current stock price of $83.86. According to the latest quarterly financial report disclosed on Thursday, Block achieved a gross profit of $2.54 billion in the second quarter, a year-on-year rise of 14%. Block increased its holdings by 108 units.
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06:31

Union Jack Oil and Reabold Resources plan to use stranded natural gas to mine Bitcoin.

Odaily News According to monitoring by NLNico, Union Jack Oil and Reabold Resources announced plans to mine Bitcoin using idle natural gas from West Newton through 360 Energy. Union Jack Oil sees this as part of its future Bitcoin reserve strategy. Reabold Resources aims to achieve a higher Return on Investment by mining Bitcoin compared to direct purchases.
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00:10

The former special prosecutor responsible for the Trump case is under investigation.

Jin10 data reported on August 3rd, local time on August 2nd, the U.S. federal supervisory agency's special prosecutor's office confirmed that former special prosecutor Jack Smith, who was responsible for the Trump case, is under investigation for "suspected illegal political activities." Smith previously oversaw the investigation and litigation related to Trump’s alleged attempt to overturn the 2020 presidential election results and the improper handling of government confidential documents. Smith left the U.S. Department of Justice on January 10th this year.
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15:18

LD Capital founder Jack Yi: ETH is strongly approaching the end of its consolidation.

According to ChainCatcher news and posts on social media, Jack Yi, the founder of LD Capital, stated, "ETH is strongly nearing the end of its consolidation phase. Originally, this was a huge resistance level, with many OGs collectively at breakeven. In a bull run trend, regardless of any unfavourable information, do not short and try to avoid shorting as much as possible. Stick to the principle of trend investing."
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21:25

Block's stock rose over 11% after hours in the US market, with a market capitalization of 43.5 billion USD.

BlockBeats news, on July 19, U.S. stock Block (stock code: XYZ) rose more than 11% after hours, with a market capitalization rising to $43.5 billion. Previously, it was reported that Jack Dorsey's payment company Block would join the S&P 500 index. Earlier reports stated that on May 3, 2024, Jack Dorsey's payment company Block announced its DCA (Auto-Invest) plan for Bitcoin, according to which Block will use 10% of the monthly gross profit from its Bitcoin Conversions Product to purchase Bitcoin for investment. Previous data showed that Block's gross profit from its Bitcoin Conversions Product in the first quarter was $80 million. If this profit level can be sustained through this year.
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15:08

LD Capital founder: When the market experiences FOMO, it is necessary to unload leverage and anticipate a rate cut confirmation in August-September.

Odaily News LD Capital founder Jack Yi stated in a post on the X platform that when others are crazy, one should be fearful. Market investors must unload leverage, even low-leverage borrowing, during times of extreme FOMO. The best hunters are those who patiently wait for new opportunities, as time is never an issue. Looking forward to the confirmation of interest rate cuts in August to September.
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08:55

Ant Group partners with Circle, its blockchain platform plans to integrate USDC stablecoin.

Ant Group supported by Jack Ma is collaborating with stablecoin issuer Circle to adopt USDC stablecoin on its blockchain platform. The cooperation will advance once USDC meets the U.S. regulatory requirements. This move is a key step for Ant International to expand the application of compliant crypto assets (such as CBDC and deposit tokens). Ant's blockchain processes over $1 trillion in global transactions annually and has partnered with more than a dozen international banks, including HSBC and JPMorgan. Ant International is actively seeking stablecoin licenses in Singapore and Hong Kong, and its independent operations and strong financial performance (nearly $3 billion in revenue in 2024) pave the way for a potential spin-off listing (valuation could reach $24 billion). The global market capitalization of stablecoins is about $250 billion, and the regulatory framework is gradually improving, attracting giants like Walmart and Amazon to explore issuance.
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23:58

Jack Dorsey launched the decentralized chat application bitchat, supporting offline encryption communication.

BlockBeats News, on July 7, Twitter co-founder Jack Dorsey launched the decentralized peer-to-peer chat application bitchat, which operates on a Bluetooth Low Energy (BLE) mesh network, supports ephemeral encrypted message transmission, enables fully offline chatting, and has capabilities for censorship resistance and communication in disconnected environments. Messages can be transmitted via Node Relay, up to a distance of over 300 meters.
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05:15

Tether-backed Twenty One Capital is about to go public? This Bitcoin giant plans to go on a buying spree for BTC.

The Crypto Assets sector welcomes significant news! The emerging Bitcoin company Twenty One Capital, supported by stablecoin giant Tether and led by its CEO Jack Mallers, is nearing the completion of key steps for its public listing. The company plans to list on the exchange soon, with the stock code XSI expected to become a new channel for investors to gain exposure to Bitcoin investments.
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BTC-0.38%
01:09

Airwallex CEO: The time has come to short Circle.

Golden Finance reported that Jack Zhang, co-founder and CEO of the corporate payment and financial platform Airwallex, posted on the X platform: "The time has come to short Circle." Jack Zhang had previously expressed doubts about the practicality of stablecoins in mainstream currency cross-border transactions. U.S. stock trading data shows that Circle's stock price briefly rose to over $210 this week, achieving a single-day increase of nearly 40%, with a market capitalization exceeding $48 billion.
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01:38

Senior Democrats in the United States condemn Israel's "reckless escalation" of attacks on Iran.

Gate News bot news, the highest-ranking Democrat on the U.S. Senate Armed Services Committee harshly criticized Israel, a major U.S. ally, for its attacks on Iran, accusing Israel of putting the region and U.S. troops in danger. "Israel's airstrikes against Iran are a shocking decision, a reckless escalation that could lead to regional violence," said Senator Jack Reed of Rhode Island in a statement. Dozens of targets related to Iran's nuclear program, military facilities, and military commanders have been attacked by the Israeli Air Force.
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12:11

Airwallex CEO questions the practical value of stablecoins and the application scenarios of Crypto Assets.

Gate News bot message, Airwallex co-founder and CEO Jack Zhang expressed his views on the practical applications of stablecoins. He pointed out that the cost of converting stablecoins into fiat currency is higher than the trading fees in the traditional interbank forex market. Even if the stablecoin itself maintains price stability, it does not demonstrate a cost advantage when the recipient needs to receive it in local currency (such as EUR). Jack Zhang also expressed his observations on the current state of cryptocurrency development, stating "15 years and still haven’t seen actual use cases for cryptocurrency." He emphasized that "issuing currency is the responsibility of central banks" and positioned stablecoins as financial speculation tools. Source of information: Wu Shuo
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07:48

As Elon Musk criticizes the "Beautiful Act", Jack Dorsey calls for support for Bitcoin.

Gate News bot news, despite the Trump administration's strong push for the "Beautiful America Act", it has faced strong criticism from billionaire investors like Elon Musk and Jack Dorsey, who tend to support Bitcoin. As Musk strongly opposes this controversial bill, Dorsey hinted that supporting Bitcoin is a better choice in this situation. Many industry pros, including Max Kaiser and Brian Armstrong, believe that this is actually very beneficial for Bitcoin. In the current situation, Dorsey has been promoting the adoption of Bitcoin. Since Musk's acquisition of Twitter, Dorsey has been focused on the operations of Block Inc., which agreed to accept Bitcoin payments in April this year.
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00:56

Tether transferred 18,812 Bitcoins to Jack Mallers' Twenty One Capital.

PANews June 3 news, according to Bitcoin Magazine, Tether transferred 18,812 Bitcoins to the Bitcoin investment company Twenty One Capital, founded by Jack Mallers, worth nearly $2 billion. On-chain data shows that 14,000 BTC were transferred from the Tether reserve address to an unknown wallet early this morning, with a transfer amount of approximately 1.5 billion USD.
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21:39
Golden Finance reports that, according to monitoring by Bitcoin Magazine, Tether transferred 18,812 BTC to Jack Maller's Twenty One Capital, worth nearly $2 billion.
BTC-0.38%
12:21

Bloomberg analyst: If BTC maintains a 50% rise annually, Satoshi Nakamoto's wealth will surpass Buffett this year.

Odaily News Eric Balchunas, a senior ETF analyst at Bloomberg, posted on the X platform stating: If Bitcoin can maintain a normal rise of 50% per year, then Satoshi Nakamoto will surpass Buffett this year and will likely surpass Zuckerberg next year, becoming the world's second richest person (Elon Musk is far ahead). Just think about it, such a successful founder has never cashed in, which is truly thought-provoking. This seems to be similar to Jack Bogle.
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14:42

Square under Block supports the Lighting Network, with Bitcoin Holdings yielding a return of 9.7%.

Gate News bot message, Jack Dorsey's company Block (XYZ) has brought a 9.7% return on its Bitcoin holdings by running nodes on the Lightning Network through its payment platform Square. Miles Suter, Block's Bitcoin product head, stated on Wednesday at the Bitcoin 2025 conference in Las Vegas that the company "has achieved real returns from the Bitcoin held by the company by efficiently routing real payments on the Lightning Network." Ryan Gentry from Lightning Labs referred to Suter's statement as the "biggest news" at the Bitcoin 2025 conference in an article on X, estimating that Square's 9.7% return translates to approximately 1 million dollars per year.
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02:00

Trump's dinner event exposed: multiple executives from the Crypto Assets industry in attendance.

According to Gate News bot, the attendance list for Trump's dinner has been confirmed through photos taken on-site and information disclosed by attendees, as reported by The New York Times. Besides Sun Yuchen, the attendees include: Washington lawyer Elliot Berke, Wintermute founder and CEO Evgeny Gaevoy, Delphi Digital co-founders Anil Lulla and Yan Liberman, and Shanghai investor Cheng Lu. Other attendees included CTS International founder Stephen Dworkin, Hyperithm CEO Sangrok Oh and executive Charles Ayres, Origin co-founder Matthew Liu, conservative media figure Caitlin Sinclair, former NBA star Lamar Odom, Acheron Trading founder Wesley Pryor, NFT platform Magic Eden co-founder and CEO Jack Tan Lu, Synthetix founder Kain Warwick, and Kronos Research CEO Vincent Liu.
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01:58

The New York Times reveals the guest list for the Trump dinner, which includes several executives from the encryption industry.

According to Gate News bot, the New York Times reports that photos from the dinner event and publicly available information show that attendees of Trump’s dinner included TRON founder Sun Yuchen, Wintermute founder and CEO Evgeny Gaevoy, Delphi Digital co-founder Anil Lulla, and Yan Liberman, among other encryption industry executives. Other attendees included Washington lawyer Elliot Berke, Shanghai-based investor Cheng Lu, CTS International founder Stephen Dworkin, Hyperithm CEO Sangrok Oh and executive Charles Ayres, Origin co-founder Matthew Liu, conservative media personality Caitlin Sinclair, former NBA star Lamar Odom, Wesley Pryor, founder of Acheron Trading, Jack Tan Lu, co-founder and CEO of Magic Eden, Kain Warwick, founder of Synthetix, and Vincent Liu, CEO of Kronos Research.
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09:51

The BIP-177 proposal suggests redefining the basic unit of Bitcoin, and Jack Dorsey expressed his support.

Gate News bot message, the Bitcoin community recently proposed BIP-177, which suggests redefining the basic unit of Bitcoin to be 1 Bitcoin, no longer using "satoshi" or "sat" as the name of the basic unit. According to the proposal, the currency code BTC remains unchanged, with 1 BTC equal to 100,000,000 basic units, that is, 100,000,000 Bitcoin. The proposal indicates that this move helps reduce confusion and allows for a more accurate understanding of Bitcoin's fundamental design. Former Twitter CEO Jack Dorsey expressed support for the proposal by tweeting "BIP-177." Source: Wu Says
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04:48

American chain restaurant Steak 'n Shake announced the full launch of Bitcoin payment services.

According to Gate.io News bot, Decrypt reported that the American chain restaurant brand Steak 'n Shake announced on Thursday that it will open Bitcoin payment functionality in its stores across the United States starting May 16, allowing over 100 million customers to use the world's largest Crypto Asset to purchase shakes and burgers. It is worth noting that the brand had already launched an interactive question on social media in March asking "Should Steak 'n Shake accept Bitcoin?" and invited public figures, including former Twitter CEO Jack Dorsey, to participate in the discussion, paving the way for the launch of this payment service.
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10:19

Block: US-based manufacturer of Bitcoin mining chips Proto plans to launch within the year to address tariff risks.

Golden Finance reports that Block CEO Jack Dorsey stated that the company is manufacturing Bitcoin mining chips, Proto, in the United States to cope with rising tariffs and overseas manufacturing risks. The chip is scheduled to launch in 2025, featuring an open source code design that emphasizes flexibility and direct collaboration with U.S. suppliers. In addition, Block revealed that it achieved a gross profit of $2.29 billion in the first quarter, a year-on-year increase of 9%, with Cash App's gross profit rising 10% to $1.38 billion and Square growing 9% to $898 million.
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06:49

Twenty One CEO: Will not imitate Strategy, the goal is to become the ultimate tool for participating in the Capital Market for Bitcoin.

Jack Mallers, co-founder and CEO of Twenty One, stated that the company will not simply mimic MicroStrategy by only purchasing Bitcoin, but is committed to becoming the ultimate tool in the Capital Market for participating in Bitcoin, enhancing Bitcoin's value by raising funds, launching Bitcoin products, and building business lines, transforming into a unique business entity based on Bitcoin.
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02:45

Jack Mallers released an investor letter clarifying that he is still the CEO of Strike, and the company achieved a volume of $6 billion in BTC payment transactions last year.

Jack Mallers responded to investors' concerns about his dual role as CEO of Twenty One, stating that it will not affect his commitments to Strike, as the two have different goals: Strike promotes Bitcoin payments, while Twenty One provides Bitcoin financial tools. Strike's transaction volume exceeded $6 billion in 2024, a year-on-year rise of 600%, with a gross profit of 85%, and an expected net profit of "8 to 9 figures" in 2025. Twenty One aims to accumulate Bitcoin assets, supported by Tether, Softbank, and Cantor Fitzgerald, with holdings equivalent to the top 5 global listed companies.
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01:19

Jack Mallers, the founder of Strike, has been appointed as the CEO of 21 Capital, a subsidiary of Tether.

According to Gate.io News bot, The Block reported that Strike founder Jack Mallers has taken over as CEO of Tether Holdings' Twenty One Capital (21 Capital). The company has received investment support from SoftBank Group and Cantor Fitzgerald, focusing on Bitcoin investment business. 21 Capital plans to go public through a SPAC merger, with the company initially holding $3.6 billion in Bitcoin reserves. Jack Mallers will continue to hold his position at Strike while serving as the CEO of 21 Capital.
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21:47

Block, led by Jack Dorsey, has reached a $40 million settlement with New York regulators over AML violations.

Jack Dorsey's payment company Block, Inc. has reached a $40 million settlement with New York's financial regulators due to AML loopholes. Regulators found that there were AML loopholes in its Bitcoin services, including a lack of risk-based controls, insufficient customer due diligence, and overly lenient handling of high-risk Bitcoin transactions. This is the second time this year that Block has paid a settlement for these issues. The company has invested resources to improve its compliance system and needs to hire an independent monitor for rectification.
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