Leopold Aschenbrenner’s Situational Awareness hedge fund has transferred the majority of its publicly traded stock positions to Citadel after incurring substantial losses on artificial intelligence bets. The transaction follows efforts by the firm to find buyers for those holdings and attract fresh investor money in recent days, reports The Wall Street Journal. Among the affected …
Monthly archives: July 2026
Bank of Italy finds no consistent cost advantage for stablecoin remittances
Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times. A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted …
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Pump.fun laid off workers before they received millions in PUMP tokens: Report
Pump.fun co-founder Noah Tweedale reportedly attributed the layoffs to the company growing too quickly. Solana-based memecoin launchpad Pump.fun reportedly fired employees two months before they were due to receive PUMP tokens worth millions of dollars. According to a Friday Sandmark report, at least one Pump.fun worker was due to receive PUMP tokens worth in the …
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Florida Woman Accused of Stealing $10,000+ From Seniors Meant for Rent: Report
Thousands of dollars meant for rent at a Florida senior housing facility were allegedly pocketed by a staff member instead of reaching the housing authority. The former worker of the Jacksonville Housing Authority (JHA), Annie Marie Grant, accepted money orders from residents for housing costs, signed them over to herself, and used a mobile banking app …
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Dogecoin treasury firm borrowed $1.4M at 10.7% interest – promising repayment in CleanCore stock already pledged elsewhere
House of Doge’s wholly owned Dogecoin Ventures unit borrowed $1.4 million from lender Devlin DeFrancesco under an unsecured note, according to a July 29 SEC filing. Secured creditors get paid first, while the $1.4 million principal is due in 2,227,300 CleanCore Solutions shares already pledged to House of Doge’s senior lenders. The note was issued …
Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play
SOS Limited shareholders approved steps that could expand the crypto-linked company’s authorized share pool 100-fold, giving it far more room to raise equity after it temporarily stopped direct mining and ended 2025 with just $3.2 million in cash alongside about $79.1 million in Bitcoin and Ethereum. A July 27 vote, disclosed July 30, creates capacity …
Biotech company asks shareholders to dilute stock by 951% to hoard illiquid crypto token instead of funding its own drug
Enlivex, a Nasdaq-listed biotechnology company, is asking shareholders to authorize up to $800 million of financing tied to the RAIN crypto token. The structure could increase its share count by as much as 951%. Despite Enlivex’s biotech business, the financing is primarily a crypto-treasury transaction. RAIN delivered at closing would go to the company’s treasury …
Judge lets FTX recovery trust chase Binance for $1.76 billion over a 2021 share buyback
The FTX Recovery Trust, which is pursuing assets for the bankrupt exchange’s creditors, can keep trying to recover at least $1.76 billion that FTX alleges it transferred to Binance parties in a 2021 share repurchase. A July 24 ruling by U.S. Bankruptcy Judge Karen B. Owens preserved the core clawback claims against four Binance entities …
After $8.2B loss forced Bitcoin sales, Michael Saylor gives Strategy to September to repair broken dividend engine
Michael Saylor’s Strategy (formerly MicroStrategy) is targeting a September recovery for its STRC preferred stock as the company seeks to revive the financing channel behind its goal of doubling Bitcoin per MSTR share within seven years. The plan follows a second quarter that demonstrated Strategy’s growing exposure to Bitcoin’s price swings. The company reported an …
Robinhood’s crypto revenue plunged 38%, but a sudden explosion in options trading saved its record quarter
Robinhood’s crypto-related transaction revenue in the fourth quarter of 2024 generated $358 million of the company’s $672 million in transaction-based revenue, about 53% of the total. That concentration had flipped by the second quarter of 2026, when crypto revenue fell 38% year over year to $100 million and accounted for just 12.9% of transaction-based revenue. …
Zcash fixed the flaw that nearly halved ZEC, and $926 million in leverage now tests the rebound
Zcash activated Ironwood on July 28, sealing the Orchard shielded pool and opening a replacement pool under the NU6.3 rules. ZEC traded near $474 at publication, below the $500 area that held for much of July, and was 12.4% lower over seven days. Two months earlier, ZEC led one of the year’s strongest altcoin bursts, …
USDT Issuer Tether Hits $1.5B Q2 Profit, Hoards 98,932 Bitcoin
The largest stablecoin company reported a $446 million market capitalization increase despite a general market slowdown in Q2. While most of USDT’s collateral is still comprised of U.S. Treasury bills, the company grew its gold stash by 14 tons of physical gold, with a net revenue of $1.5 billion. Tether Releases Q2 Attestation, Reports $1.5 …
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Peter Schiff Says Strategy’s STRC Plan Hurts MSTR Shareholders
Shares of Strategy Inc. fell about 7% after the company released second-quarter earnings, while Peter Schiff argued that its STRC financing priorities increasingly disadvantage MSTR shareholders. The dispute highlights competing views over preferred-stock stability, bitcoin reserves, and common-stock value. Schiff Targets Strategy’s STRC Priority Selling pressure intensified around Strategy Inc. (Nasdaq: MSTR) on July 31 …
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Blackrock Drives 79% of Bitcoin ETFs $233M Inflow
Bitcoin ETFs attracted $233.13 million on Thursday, extending their recovery to a second straight session. Ether, XRP, and solana funds also finished in positive territory, while HYPE ETFs recorded no net flows. 7 Bitcoin Funds Gain as Blackrock Pulls $183.38M The institutional bid for bitcoin returned with force. After ending a four-day losing streak one …
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Circle Hits Regulatory Milestone With NYDFS Trust Charter
The limited trust charter received adds to the OCC approval to establish a National Trust Bank, positioning Circle as one of the most regulated stablecoin issuers in the cryptocurrency ecosystem. Circle was the first company to receive a New York BitLicense in 2015. Circle Receives Limited Purpose Trust Charter From NYDFS Circle, a financial and …
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