The asset manager introduced two blockchain-based money market funds designed to qualify as stablecoin reserve assets under the US GENIUS Act. BlackRock, the world’s largest asset manager, has launched two tokenized money market products designed to serve as reserve assets for stablecoins, marking another step in bringing regulated financial products onto blockchain infrastructure. The first …
Continue reading “BlackRock launches tokenized money market funds for stablecoin reserves”
Crypto researchers say Bitcoin investors have now lost more than $88 million to an exploit in the Coldcard hardware wallet. Researchers at Galaxy say BTC is being drained from addresses by bad actors in waves, due to a firmware bug that dramatically reduced the randomness of how the wallet creates its secret recovery phrase. “A …
The spot price Bitcoin exchange-traded fund, which was never able to attract more than $18 million in net assets, will pay out investors and sell its 225 BTC in the coming weeks. Hashdex said it will liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the cash to all remaining shareholders and selling the …
Continue reading “Hashdex to shut smallest Bitcoin ETF after more than two years”
Fake World Assets turns forgotten NFTs into an onchain lottery — but is crypto’s latest obsession built to last? Just when you thought crypto was getting boring, a new phenomenon is lighting up Crypto Twitter — Fake World Assets (FWAs). Yes, really. It’s the latest iteration of the onchain gacha craze, where users receive a …
Continue reading “How Fake World Assets and onchain gacha became crypto’s latest craze”
The US and Japan coordinate on the yen for the first time since 2011 as Bitcoin traders brace for a historically rough August. Bitcoin (BTC) starts the first full week of August circling $63,000 as traders weigh the impact of the ongoing Coldcard wallet hack. Read more Go to Source
The South Korean exchange plans to seek preliminary listing review in 2027 while overhauling controls after a February crediting error. South Korean cryptocurrency exchange Bithumb said Monday it plans to apply for a preliminary listing review in 2027 and complete an initial public offering in 2028. Bithumb said it has reorganized its business structure, including …
Continue reading “Bithumb sets 2028 IPO timetable as it overhauls internal controls”
Michael Saylor’s Strategy sold 1,638 Bitcoin in its second-largest sale of the year to fund dividend payments and repurchase its preferred STRC stock. Michael Saylor’s Strategy sold 1,638 Bitcoin between July 27 and August 2, marking the year’s second-largest Bitcoin sale for the company. Strategy sold 1,638 Bitcoin (BTC) at an average price of $63,957 …
Continue reading “Strategy sells 1,638 Bitcoin to fund dividends and STRC repurchases”
Bernstein said Congress’s failure to pass the CLARITY Act’s could trigger another leg down for crypto valuations and accelerate policy support from US regulators. The odds of the Digital Asset Market Clarity Act’s (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another …
Continue reading “CLARITY Act failure could send crypto valuations lower: Bernstein”
Trump-linked Bitcoin miner produced a record 932 BTC in the second quarter, lifting mining revenue 8% as its net loss narrowed from the previous quarter. American Bitcoin posted record Bitcoin production in the second quarter, as higher mining output lifted revenue while the Trump family-linked miner remained in the red. The Nasdaq-listed company, co-founded by …
Continue reading “Trumps’ American Bitcoin reports record BTC output, narrower Q2 loss”
HashKey Exchange said it received approval to open client money accounts with JPMorgan, weeks after it launched customer fund accounts with DBS Bank. Hong Kong-licensed cryptocurrency exchange HashKey Exchange received approval from JPMorgan Chase to open a client money account, its parent company said Monday. The account will support client fund segregation and settlement through …
Continue reading “HashKey receives JPMorgan approval to open client money account”
The crypto exchange stopped accepting new registrations from Japan residents and will begin progressively restricting existing accounts on Nov. 1. Crypto exchange Bitget said it will stop providing services to residents of Japan and phase in account restrictions. The exchange announced Monday that it had stopped accepting new registrations from residents of Japan, while account …
Continue reading “Bitget to exit Japan, close remaining positions after Dec. 31”
The Nasdaq-listed company relies largely on staking rewards to fund operations, while its 0G holdings were valued 91% below their recorded costs. Nasdaq-listed crypto treasury company ZeroStack warned that substantial doubt exists about its ability to continue operating over the next year, reversing its assessment from three months earlier. In a Form 10-Q filed with …
Continue reading “Crypto treasury firm ZeroStack warns of survival risk amid $82.5M loss”
Galaxy research head Alex Thorn warned that unconfirmed transactions may give some Coldcard users a narrow opportunity to save their funds.
The “sickening” loss of $90 million of Bitcoin from cold storage weighs heavily on sentiment, as the Clarity Act stalls with just five days left to hold a Senate vote. After $90 million in Bitcoin was drained from Coldcard wallet users, small hodlers desperately sought refuge on centralized exchanges and via alternative custody methods. Bitcoin …
New York state officials target the prediction market platform Kalshi in a lawsuit over claims of unlicensed betting on sports, elections and other outcomes. The action seeks to halt the company’s activities in the state while imposing significant financial penalties, according to New York Attorney General Letitia James. According to the lawsuit, the platform’s markets …
