GameStop (GME) is aiming for a major expansion with a proposed $55.5 billion acquisition of online marketplace eBay (EBAY), raising fresh questions about whether its bitcoin BTC$79,707.35 holdings could help fund the deal. The video game retailer, which holds about $368 million worth of BTC, submitted a non-binding offer Sunday to buy eBay for $125…
Hut 8 (HUT), a bitcoin miner turned energy and AI compute company, has refinanced its bitcoin-backed credit facility, replacing its existing Coinbase Credit arrangement with a new $200 million facility with FalconX. With the new deal, Hut 8 cut its fixed interest rate to 7% from 9%, a 200-basis-point improvement, according to a press release….
Crypto-related stocks rallied Monday, led by Circle (CRCL) and Coinbase (COIN), as progress on U.S. digital asset legislation and bitcoin BTC$80,283.41 breaking above $80,000 lifted sentiment across the sector. Circle, issuer of the USDC stablecoin, surged 18%, extending recent gains, while U.S.-focused crypto exchange Coinbase rose about 7%. BitGo (BTGO), a digital asset infrastructure firm…
From 1974-1986, the Golden State Killer committed 13 known murders, upwards of 67 sexual assaults and 120 burglaries in 11 different jurisdictions in California, but then he suddenly stopped. He simply disappeared, and his identity remained a secret for over 30 years, until we finally caught him using a new innovative technology. Utilizing Investigative Genetic…
Major Wall Street operator Depository Trust & Clearing Corporation (DTCC) said Monday it will begin limited production trades of tokenized securities in July, with a broader launch of its platform set for October. The service, built within DTCC’s Depository Trust Company, will allow firms to issue digital versions of assets already held in custody, while…
Bitmine (BMNR), the largest Ethereum treasury firm, bought 101,745 ether (ETH) last week as Chairman Thomas Lee said a new “crypto spring” is underway, even as market sentiment remains subdued. The purchase lifted the firm’s holdings to over 5.18 million ETH, roughly 4.29% of the token’s outstanding supply, according to a Monday update. Bitmine’s total…
World Liberty Financial, the cryptocurrency company affiliated with U.S. President Donald Trump and his family, filed a defamation lawsuit against Tron creator Justin Sun in a Florida state court Monday, alleging “gross misconduct” from Sun over WLFI tokens he bought. The lawsuit comes on the heels of Sun’s own lawsuit against World Liberty, which was…
Payward, the parent company of crypto exchange Kraken, has completed its acquisition of Bitnomial, giving the firm a full U.S. derivatives stack regulated by the Commodity Futures Trading Commission (CFTC). The deal gives Payward control of Bitnomial’s futures broker, exchange and clearinghouse licenses. That structure allows Payward to offer regulated crypto derivatives in the U.S….
U.S.-listed cryptocurrency exchange Coinbase has integrated trading protocol DFlow, allowing traders to exchange value across spot and prediction markets natively on Solana, the companies said on Monday. Coinbase adding DFlow as its primary router will mean eight times less trade failures. The move also increases liquidity on tokens that were previously untradeable, and improves the…
The 11 U.S.-listed spot bitcoin BTC$79,744.40 exchange-traded funds (ETFs) have now recorded two consecutive months of net inflows in a sign of renewed institutional appetite for the leading cryptocurrency. But zoom out, and the recovery looks more modest than the monthly headlines suggest. ETFs have pulled in a total of $3.29 billion in investor funds…
