Unicoin to acquire majority stake in Diamond Lake, launch altcoin funding strategy
2025-06-23 20:05:05 /

cryptocurrency company Unicoin announced the acquisition of 51% of the shares of digital asset company Diamond Lake Minerals, and plans to rename it DiamondLake, focusing on building a portfolio of altcoins, similar to MicroStrategy's bitcoin accumulation model.This move comes as Unicoin and its executives are being sued by the U.S. SEC for alleged securities fraud, accusing them of misleading investors and illegally raising over $100 million. The new entity will focus on cryptocurrency assets, reshaping its financial strategy, and shifting its focus to the emerging altcoin market.

Disclaimer: This specification is preliminary and is subject to change at any time without notice.

Recommended reading
The sixth USDD 2.0 mining activity is now open

06-23 19:07

Sequans, a US-listed company, announced that it received a strategic investment of US$384 million and will launch a Bitcoin Treasury plan

06-23 19:06

Binance Alpha to List Mango Network (MGO) on June 24

06-23 19:06

AAVE drops below $230

06-23 19:06

Self Chain CEO ousted for alleged involvement in $50M crypto OTC fraud

06-23 19:06

Yu Weiwen: Hong Kong has set relatively strict standards for stablecoin issuers and it is expected that only a few licenses will be issued in the first phase

06-23 18:06

Cumberland withdrew a total of 386.45 billion PEPE from multiple CEXs

06-23 18:06

Sentora: $97,000 is an important support level for BTC

06-23 18:06

Cointelegraph: The website was briefly attacked and the unauthorized code affecting the system has been removed

06-23 18:06

UK-listed Panther Metals plans to build £4 million in Bitcoin reserves

06-23 18:06

Spheron Network's annual recurring revenue exceeds $400 billion, with over 27,000 nodes deployed

06-23 17:07

Binance Square will launch a new creator task platform event, completing tasks can unlock $500,000 in WCT token vouchers

06-23 17:07

A whale shorted 16 altcoins and made a profit of $9.01 million. It has added $2.5 million in margin to increase the liquidation price.

06-23 17:07

Data: In the past 24 hours, the entire network has liquidated $657 million, long orders have liquidated $503 million, and short orders have liquidated $153 million

06-23 17:07

Circle (CRCL)'s pre-market gains expanded to 8.31%

06-23 17:07