Key Takeaways Strategy offloaded 1,690 bitcoins causing BTC to slide below $63,000. Altcoins extended losses as ADA plunged 10.6% and XRP dipped below $1, risking a drop toward $0.95. LINK surged 13% after Standard Chartered forecasted the token would reach $200 by late 2030. Bitcoin Leads Mid-August Market Pullback After finishing the first week of…
Key Takeaways StablecoinX reported 3 billion ENA tokens, roughly 20% of ENA supply, in its latest operations report. The $218.4 million ENA treasury ties StablecoinX to Ethena’s $3.9 billion USDe market. Investors will watch StablecoinX’s 2027 distribution plan and future ENA impairment charges. The New York company disclosed the stake with results for the quarter…
Key Takeaways STRC outperformed bitcoin by 56 percentage points over one year. Strategy’s other preferred securities recorded losses of 8% to 27%. Strategy’s common stock closed about 76% below its year-earlier level. STRC Outperforms as Bitcoin Declines STRC outpaced bitcoin by 56 percentage points over the past year, according to a one-year return chart Strategy…
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a comment on each story. Bitcoin traded flat this week while everything else…
Key Takeaways Storm says Google and OpenAI are liable for DPRK hackers using AI, exposing flawed DOJ logic. Storm argues his verdict sets a dangerous precedent, punishing neutral developers for user crimes. The proposed CLARITY Act offers developer protections, but low passage odds leave coders at risk. Roman Storm Points at Google and OpenAI as…
Key Takeaways Harry Yeh died falling from his 30th-floor Paraguay apartment, triggering a police investigation. Autopsy confirmed death by fall trauma without gunshot or stab wounds, though toxicology was impossible. Police director Ávalos reported Yeh wandered naked before his fall, hinting at mental or substance issues. No Foul Play? Police Probe Harry Yeh’s 30th Floor…
This article first appeared in Miner Weekly, a weekly newsletter by Blocks Bridge Consulting, curating the latest news in energy, bitcoin, and AI compute from The Energy Mag. Subscribe to receive it in your inbox once a week. The analysis found a notable redistribution beneath an apparently stable aggregate: Core Scientific (NASDAQ: CORZ), IREN, Cipher…
Key Takeaways Cboe asked the SEC to approve the listing of six funds that triple daily price moves. The funds would primarily hold futures contracts, not bitcoin or ether directly. Trading requires SEC approval of the exchange rule change and effectiveness of the trust’s Form S-1. Six Funds Tied to One Day of Price Action…
Key Takeaways Binance restrictions cover 16 platforms across three effective dates. Attempted transfers may trigger reviews and wallet restrictions. U.S. and U.K. sanctions target Iranian and Russian crypto networks. Binance Sets Three Deadlines for Transaction Restrictions Transactions involving 16 crypto-asset service providers will no longer be processed through Binance under restrictions announced Aug. 14. The…
Key Takeaways Galaxy cut the CLARITY Act’s passage odds to 10% from 75%. A Senate cloture motion on the bill ripens at 2:15 p.m. Sept. 15. The SEC canceled a meeting on potential crypto offering rules. Why Galaxy Sees a One-in-Ten Chance for the Crypto Bill Odds that the CLARITY Act passes this year have…
