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A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse. A newly unsealed complaint from bankrupt crypto lender Genesis reveals internal communications at its parent company, Digital Currency Group (DCG), suggested executives were aware of financial mismanagement and looming legal risks tied to their control over…
Only five US senators out of the 11 typically on the digital assets subcommittee were available to ask questions about a potential market structure bill. Many members of the US Senate Banking Committee’s subcommittee on digital assets were not present for a hearing to discuss market structure. In a Tuesday hearing, “exploring bipartisan legislative frameworks…
Chinese blockchain firm Nano Labs announced a $500 million convertible notes deal to fund a major BNB acquisition, aiming to hold up to 10% of its circulating supply. Chinese blockchain infrastructure firm Nano Labs has announced a convertible notes purchase agreement for $500 million to fund its BNB token treasury. In a Tuesday announcement, the…
A truce between Israel and Iran and whale accumulation have helped XRP price recover sharply, positioning it for a potential rally to new all-time highs. Key takeaways: XRP price jumped over 11% after a ceasefire between Israel and Iran. Mid-sized whale addresses have steadily accumulated XRP. Read more If you liked the article, do not…
Under Operation Chokepoint 2.0, more than 30 technology and crypto companies were denied banking services in the US after the collapse of crypto-friendly banks in 2023. The US Federal Reserve said it has directed its supervisors to no longer consider “reputational risk” in its oversight of banks, which the crypto industry had long argued was…
Huione Guarantee’s shutdown sent “shockwaves” through the ecosystem but also left a vacuum for other crypto darknet marketplaces to fill. The shuttering of major crypto darknet marketplace Huione Guarantee has seen its users flock to at least 30 successors, with one marketplace doubling its user base since May. Huione Guarantee shut down in May after…
Bitcoin bounced to $106,000 as traders bet on higher chances of Fed interest rate cuts due to tensions in the Middle East. Key takeaways: Bitcoin swiftly rebounded to $106,000, signaling firm institutional investor demand despite growing global unrest. A sharp 8% drop in Bitcoin’s hashrate raised concerns over mining stability amid Middle East tensions. Read…
Trezor warned of ongoing phishing attempts exploiting its support contact form. Hardware wallet producer Trezor warned users about an ongoing phishing campaign that mimics the company’s official customer support replies. In a Monday X post, Trezor warned that the firm is aware “attackers abused our contact form to send scam emails appearing as legitimate Trezor…
Metaplanet has added 1,111 BTC to its corporate treasury, bringing its total holdings to 11,111 BTC, just 398 BTC shy of Tesla’s stash. Metaplanet, Japan’s top Bitcoin corporate treasury company, announced Monday that it had purchased an additional 1,111 Bitcoin. According to a Monday regulatory filing, Metaplanet’s total holdings have reached 11,111 Bitcoin (BTC), putting…
Bitcoin’s drop below the $100,000 support pulled ETH, XRP, SOL, and HYPE lower, but a relief rally may be around the corner. Key points: Bitcoin fell below the $100,000 support on Sunday, but a rebound could depend on how US stock futures open. Bitcoin’s weakness has pulled ETH, XRP, SOL, and HYPE below their respective…