On-chain data shows Tate is left with under $15,000 in his account after the latest liquidation spree. The recent market volatility, mostly prompted by the Federal Reserve’s FOMC meeting and the hawkish tone of the new Chairman, liquidated roughly 100,000 traders yesterday, with one of them being the famous social media personality and former…
Italy-based fintech Conio has received authorization to operate as a crypto-asset service provider under the European Union’s MiCAR framework, becoming one of the firms to secure approval before stricter licensing requirements take full effect across the bloc. Summary Conio has secured MiCAR authorization in Italy, allowing it to provide regulated crypto asset custody, transfer, and…
Michael Saylor’s Strategy claims to have enough reserves to pay decades’ worth of dividends, but not everyone agrees. “We have 32 years of dividend coverage through our BTC Reserve,” said Strategy on X on Thursday. In principle, the math works out, as the firm’s Bitcoin treasury is currently worth just below $55 billion, and its…
France’s cybersecurity agency ANSSI plans to stop certifying security products that do not support quantum-resistant encryption from 2027. Summary France’s 2027 deadline turns quantum-safe encryption from guidance into a certification requirement for key vendors. Crypto networks face fresh pressure because quantum computers could threaten exposed keys and validator signatures. Bitcoin, Ethereum, Solana, Algorand and Aptos…
The Strategy chair believes Bitcoin can jump 500-fold, but this depends more on large-scale financial adoption, not speculation. Strategy executive chairman Michael Saylor says the company’s core purpose is creating financial products backed by Bitcoin (BTC), a business model he compared to a reserve bank. According to him, Bitcoin’s next stage of development should…
Binance has been left relying on France as its last realistic route to secure a Markets in Crypto-Assets license after its expected authorization bid in Greece reportedly stalled ahead of the European Union’s June 30 deadline. Summary The Big Whale reported that Christine Lagarde helped derail Binance’s MiCA application in Greece despite regulatory progress. With…
The crypto market has remained under pressure even as reports have indicated that a U.S.-Iran agreement is moving closer to completion, with the total crypto market capitalization falling nearly 2% to $2.21 trillion. Summary Trump said a U.S.-Iran agreement could be signed soon, but crypto prices remained under pressure. Bitcoin and major altcoins fell as…
Kalshi has fueled a billion-dollar dispute over sports betting regulation as trading activity on its platforms continues to surge. Summary Gaming and tribal groups urged the Senate to block sports-related prediction contracts through the CLARITY Act. The American Gaming Association estimates prediction markets have cost states about $1.08 billion in tax revenue. Kalshi’s crypto perpetual…
Leadership says the layoffs were driven by changing technical requirements rather than any cost-cutting pressure. Matter Labs is reshuffling its team as the company moves to a permissioned privacy chain called Prividium. The layoffs will include senior engineers, designers, and operators who are no longer aligned with the new direction. Founder Explains Layoff Decision….
Strategy has returned to the spotlight after QCP estimated its current liquidity runway for dividend payments at about seven and a half months. Summary QCP warned that Strategy may eventually sell more Bitcoin if dividend obligations outpace available funding sources. CEO Phong Le said the recent 32 BTC sale was a process test, not a…
