Bitcoin mining pool Poolin Technology filed for Chapter 11 with $163.7 million in IOUs owed to wallet users. Its two Texas affiliates are seeking court approval for asset sales with opening offers worth $52 million. The offers equal about 31.8% of the IOUs, yet they cover assets held by Lonestar affiliates rather than cash in…
The EU is considering a ban on third-country crypto services providers for the first time and is targeting 14 crypto companies, which it has not named yet.
Cardano’s ADA has rebounded over the past week, with some key factors supporting a more substantial upward trend ahead. Another element, though, suggests a renewed correction might be on the way. Several analysts believe Bitcoin (BTC) has yet to reach its bottom for this cycle, while the recent exodus from exchanges hints that Ethereum (ETH)…
In Ethereum news today, Fasanara Capital, a London-based quantitative asset manager, is holding a $67M ETH short on Hyperliquid via an on-chain wallet labeled “BobbyBigSize,” and the directional bet is almost beside the point. What matters is that institutional-grade capital is now executing complex, multi-leg crypto derivatives strategies entirely on a decentralized venue, in full…
The SBI-owned crypto trading firm is said to have attracted takeover interest from a number of suitors over the past 18 months, but valuation has been a sticking point.
The convertible notes, preferred shares, and credit facilities that financed a large share of corporate Bitcoin holdings carry maturities, redemption windows, and dividend dates that determine when a company might need to sell. Matthew Sigel, VanEck’s head of digital assets research, shared a list of corporate Bitcoin treasuries that maps who ranks above the coins…
The order targets Bitchat, an offline Bluetooth mesh app built to relay encrypted messages and bitcoin transactions, as ‘Cockroach Janta Party’ protesters in Delhi use mesh tools to communicate through internet shutdowns.
The company announced the launch of a new platform, dubbed ‘Ripple Mint,’ that gives institutional customers a single way to access, mint, redeem, and manage RLUSD. It said the main objective is to make digital dollars easier to access, integrate, and operate at scale as stablecoins become more deeply embedded in trading, payments, and treasury…
The complaint claims BitMEX designed a system to retain customer collateral and alleges an internal desk accessed private user data during server freezes.
BitMEX completed a review of its business and will close on Sept. 23, telling customers to close their positions and withdraw funds before then. The announcement came with no balance-sheet hole, withdrawal freeze, or bankruptcy filing, with Kaiko data putting BitMEX’s market share below 0.01% and its daily volume near $400,000. That combination makes BitMEX’s…