Custodia Bank has filed a reply brief urging the U.S. Supreme Court to review a 10th Circuit decision that allowed regional Federal Reserve banks to deny master accounts to eligible institutions. Supreme Court Appeal Crypto-focused Custodia Bank has issued a renewed plea to the U.S. Supreme Court to take up its battle against the Federal […]
Both prediction market platforms predict Democrats will retake control of both the House and Senate in the upcoming midterm elections, although their record has been muddled by President Lula’s upset victory in Brazil’s recent runoff election. Polymarket and Kalshi Predict Democrat Sweep in Upcoming Elections Prediction markets, which have proven to be somewhat reliable when […]
Metaplanet repurchased 96.4 million shares in just over two weeks, deploying about $160 million as the bitcoin treasury company shifts capital toward reducing its share count. The Tokyo-listed firm has already completed nearly half of its authorized buyback of shares while simultaneously freeing more capital for future bitcoin purchases. Metaplanet Turns Its Stock Into a […]
Binance’s “cost of doing business,” including fines and hack losses, could equal more than half of the largest crypto exchange’s estimated pre-tax profits from 2021–2025. Following the largest crypto theft in history, Binance’s combined bill for fines and hack-related losses has reached around $10.7 billion. Meanwhile, Vetle Lunde, head of research at K33 Research, the […]
Strive said it bought $10 million in bitcoin last week, increasing its holdings to 43,124 BTC as its investment chief stressed restraint. The purchase marked the first use of its SATS preferred stock sales program, while existing cash supplied most funding. Bitcoin Holdings Reach 43,124 BTC After Smaller Purchase Strive Inc. (Nasdaq: ASST) expanded […]
Bitcoin slipped below $77,000 on Monday, despite Binance’s announcement that it had fully replenished assets lost in the recent hack using its own funds. Another, albeit much smaller crypto exchange hack also popped up on Monday. Bitcoin Drops Below $77K Bitcoin slipped below $77,000 on Monday as the cryptocurrency continued to grapple with a crisis […]
Nvidia, Costco, Nike, and Reddit are among 12 additional companies that have objected to having their shares tokenized on OKXICE’s proposed trading platform, bringing the total to 50 companies. That leaves only a small fraction of the venture’s original targets without formal objections. Nvidia Leads Latest Objectors The latest additions were disclosed in an updated […]
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, said Monday that it had halted deposits and withdrawals following a “security incident.” A prominent analyst pegged the damages at $46 million worth of crypto and counting across numerous chains, including Bitcoin and Ethereum. Brazil’s Top Crypto Exchange Attacked On Monday, Mercado Bitcoin—Brazil’s largest crypto exchange—shared […]
Bitmine Immersion Technologies has moved closer to its ambitious goal of owning 5% of ether’s total supply, while Chairman Tom Lee argues that the cryptocurrency market’s relatively muted response to last week’s massive Binance hack demonstrates the industry’s growing resilience. Bitmine Nears 5% ETH Goal The publicly traded company announced Monday that it purchased another […]
