Top Crypto Investment News – May 10, 2025
1. BlackRock
BlackRock, the world’s largest asset manager, purchased $356.2 million worth of Bitcoin today. This sparked a 4.7% increase in BTC’s price, pushing it up to $68,450.
2. Coinbase
Coinbase announced the acquisition of the derivatives exchange Deribit for $2.9 billion. This move will expand Coinbase’s offering in spot, futures, and options markets.
3. MicroStrategy (now rebranded as Strategy)
MicroStrategy revealed the purchase of 107,980 additional BTC worth approximately $10.11 billion. The company now holds 555,450 BTC, currently valued at $56.31 billion.
4. New Hampshire State Government
New Hampshire became the first U.S. state to establish a crypto reserve. A new bill allows the government to allocate up to 5% of its public funds in Bitcoin and precious metals.
5. Kaanch Inc
Kaanch Inc launched the presale of their new crypto project "Kaanch Network" at a starting price of $0.16. Analysts expect up to 10x returns, sparking strong investor interest.