China
Adam Back's company, BSTR, is progressing with its plans for a public listing and is optimistic about receiving approval by April. The move is part of a broader strategy to enhance its visibility and attract investment in the cryptocurrency sector. BSTR aims to leverage its unique offerings in
News
Solana DeFi project Step Finance has announced it will wind down operations following a significant hack that resulted in a loss of $29 million. The team cited the inability to recover from the financial impact of the breach as the primary reason for the shutdown. Users have been advised to
China
Kraken has launched a new trading feature that allows users to trade tokenized U.S. stocks with a crypto-style, 24/7 perpetuals trading model. This innovation enables traders to engage in continuous trading of tokenized stocks, providing greater flexibility and accessibility. The platform aims to attract both crypto enthusiasts and
News
Binance has expanded its offerings by adding tokenized stocks from Ondo, marking a significant move in its strategy to incorporate real-world assets (RWAs) into its platform. This addition allows users to trade tokenized versions of popular stocks, enhancing liquidity and accessibility. The integration aims to bridge the gap between traditional
News
Smarter Web has secured a $30 million credit line from Coinbase to accelerate its Bitcoin purchases following recent fundraising efforts. The company aims to leverage this credit facility to enhance its cryptocurrency investments and operational capabilities. This move comes as part of Smarter Web's strategy to capitalize on
News
Bitcoin traders are experiencing significant "excess loss-realization," which could lead to a decline in BTC prices below $44,000. This phenomenon occurs when traders sell their holdings at a loss to offset gains elsewhere, potentially increasing selling pressure on the market. Analysts suggest that if this trend continues,
News
Terraform Estate has filed a lawsuit against Jane Street, alleging that the trading firm engaged in manipulative practices that contributed to the collapse of the cryptocurrency market in 2022. The lawsuit claims that Jane Street's actions led to significant financial losses for Terraform, which was heavily impacted during
News
The Federal Reserve has decided to permanently remove the term "reputational risk" from its bank supervision framework, which previously allowed regulators to penalize banks based on public perception and potential damage to their reputation. This change aims to provide clearer guidelines for banks and reduce the ambiguity surrounding
China
Canaan has acquired Cipher's 49% stake in a West Texas mining venture for $39.75 million in stock. This transaction enhances Canaan's position in the cryptocurrency mining sector, allowing it to gain full control over the operation. The deal is part of Canaan's strategy
News
The Arizona Senate has advanced a bill aimed at establishing a Digital Assets Reserve Fund, which would allow the state to invest in cryptocurrencies and other digital assets. The proposed fund is intended to generate revenue for the state and diversify its investment portfolio. If passed, the legislation would also
China
The Ethereum Foundation has staked 70,000 ETH, valued at approximately $120 million, to support its future initiatives and development. This move aims to generate sustainable income for the foundation while contributing to the security of the Ethereum network. The staked ETH will be used to fund various projects and
China
Step Finance has ceased operations following a significant hack in January that resulted in a loss of $27 million. The company, which served as a portfolio management dashboard for Solana users, announced its shutdown due to the inability to recover from the financial impact of the breach. The hack involved