Key Takeaways Bitcoin fell below $78,000 as rumours of potential U.S. and Israeli military strikes against Iran intensified. The sudden crypto market crash wiped out $666 million in long positions. Investors look ahead as the Israel Defense Forces prepare assets for a conflict that could last for weeks. Bitcoin Slips Below $78,000 as Geopolitical Tensions…
Key Takeaways Hana Bank will buy a 6.55% Dunamu stake for $670M, with the deal expected to close by June 15. Upbit parent Dunamu deal signals Korean banks’ deeper push into crypto finance. Hana Bank expands blockchain ties after USDC and Standard Chartered partnerships. Kakao Sells $670M Dunamu Stake to Hana Bank Hana Bank has…
Key Takeaways Bit Digital posted a $146.7M Q1 loss while expanding holdings to 155,444 ETH. Ethereum staking brought Bit Digital $2.3M as bitcoin mining revenue fell 33%. Bit Digital boosted AI and ETH focus, with Whitefiber valued near $322M by March 31. Bit Digital Expands ETH Treasury to $327M, Staking Income Declines 29% Bit Digital…
Key Takeaways Coinbase co-founder Fred Ersham, worth $2.6B, met with officials to explore deeply undervalued assets. While locals rely on stablecoins, Ersham appeared at an event to promote the ripe local market. To bridge the isolated economy, Erebor Bank’s Jacob Hirshman pitched an idea to the central bank chief, Luis Perez. Coinbase’s Fred Ersham Shows…
Key Takeaways Entain’s general counsel wrote to six Premier League clubs on May 15 over unlicensed gambling sponsor deals. Zinger letters cite Stake’s “ cryptocurrency reliance” and BJ88’s “unregulated payment methods like cryptocurrency.” Escalation follows February’s letter to Premier League CEO and May 7 IFR submission. Entain’s General Counsel Escalates Past Premier League and Regulator…
Key Takeaways Strategy agreed to repurchase about $1.5 billion of its 0% convertible notes. Funding options include cash reserves, securities-sale proceeds, and possible bitcoin sales. Cancellation of the notes would reduce outstanding debt after the transaction settles. Strategy Details $1.5 Billion Convertible Note Repurchase Plan On May 15, Strategy Inc. (Nasdaq: MSTR) announced on X…
Key Takeaways Powell remains in place temporarily as Warsh awaits the final oath of office. Senate confirmation cleared Warsh legally, but the leadership transfer still requires formal steps. Board members raised concerns about extending the temporary chair structure without further action. Powell Holds Temporary Fed Post as Warsh Awaits Oath The Federal Reserve Board announced…
The global financial landscape reached a historic crossroads this week with the confirmation of a new Fed Chair, while the crypto industry navigates a “marketing winter” and the rise of tokenized real-world assets. Here are the crypto news you may have missed this week. 🏛️ Macro & Regulation Kevin Warsh Confirmed as Fed Chair in…
Key Takeaways Binance Research framed tokenization as a bridge between traditional finance and blockchain systems. Tokenized penetration across fixed income, equities, real estate, private credit, and commodities remains around 0.01%. Regulatory progress could shape whether tokenized markets move beyond early institutional pilots. Tokenized Markets Move Toward Wider Adoption Binance Research published a report on May…
Key Takeaways Bitcoin ETFs added $131.31M as Blackrock IBIT drew $144.10M in fresh inflows. Ether ETFs lost $5.65M for a 4th day, with Blackrock ETHA leading withdrawals. XRP gained $18.25M, and Solana gained $6.51M as altcoin ETF demand remained resilient. XRP ETFs Attract $18M as Regulatory Optimism Fuels Investor Demand A calmer tone returned to…
