Bhutan is quietly unwinding one of the most unusual bitcoin experiments any government has ever run. The Royal Government of Bhutan transferred roughly 319.7 BTC worth $22.68 million to two addresses on Thursday, according to Arkham Intelligence data. Roughly 250 BTC went to a wallet previously used to route funds for sale via Galaxy Digital…
The 10-day lunar flyby mission is expected to end in a splashdown landing in the Pacific Ocean on Friday evening. Users on the prediction markets platform Kalshi are using the platform’s event contracts to bet on the aftermath of the Artemis II mission, NASA’s first manned spacecraft to the Moon in more than 50 years….
The Bitcoin (BTC) community is discussing the feasibility and implications of the Iranian government accepting BTC for tolls paid by oil tankers crossing the Strait of Hormuz, a critical shipping lane through which about 20% of the global oil supply passes. The reactions were sparked by a Financial Times report, published on Wednesday, which said…
A federal judge has blocked the state of Arizona from bringing criminal charges against prediction market provider Kalshi, at least temporarily, in response to a motion from the Commodity Futures Trading Commission. District Judge Michael Liburdi, in the District of Arizona, ruled Friday that Arizona cannot hold an arraignment of Kalshi as scheduled on Monday,…
Japan’s cabinet has approved a draft amendment that would classify cryptocurrencies as financial products, marking a shift in how the country regulates the sector. The proposal brings crypto assets under the Financial Instruments and Exchange Act, a framework used for stocks and other securities, Nikkei reported. If passed during the current parliament session, the law…
Bitcoin BTC$71,506.32 treasury firm Nakamoto (NAKA) is resorting to a familiar Wall Street playbook as it looks to lift its beating-down share price and stay on Nasdaq. The company is seeking approval for a “reverse stock split” that would combine shares at a ratio to be set between 1-for-20 and 1-for-50, according to a preliminary…
Flare published a governance proposal on Thursday that would make it one of the first layer-1 blockchains to capture maximal extractable value (MEV) at the protocol level rather than letting it flow to the small number of specialized actors who profit from transaction ordering across virtually every major chain. MEV is the revenue that block…
As expected, U.S. inflation accelerated last month, driven mostly by rising energy costs linked to the Middle East conflict. Core prices, though, surprised to the downside. The Consumer Price Index (CPI) rose 0.9% in March, according to a Friday report from the Bureau of Labor Statistics. Economists had forecast a 0.9% rise, and February’s increase…
Binance offered its staff in the United Arab Emirates the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur and Bangkok amid regional tensions, the company told CoinDesk Friday. “Given the recent regional tensions, we offered employees the option to temporarily relocate as a precautionary, employee-first measure to provide flexibility and support during a…
Digital assets have moved well beyond the hype cycle. What began as an experiment in decentralized value transfer has evolved into a serious conversation about how capital markets, custody, settlement and asset ownership could be re-imagined for the digital age. Tokenization, programmable money and distributed ledgers may deliver faster settlement, greater transparency and new efficiencies…
