According to Financial Times, Wall Street giant JPMorgan Chase is planning to launch digital-asset-backed loans, a big change in how traditional banks view bitcoin. According to the report, JPMorgan will let clients borrow money using their digital asset holdings— namely bitcoin (BTC) and ethereum (ETH)—as collateral. If approved, the bank will roll this out next…
Chris Dixon, Managing Partner at Andreessen Horowitz (A16z) Crypto, announced that the firm is leading a $15 million seed round in Poseidon, a company focused on building a decentralized data layer to coordinate supply and demand for artificial intelligence (AI) training data. As the availability of high-quality data for training AI models has diminished, Poseidon…
The FBI has officially dropped its investigation into Kraken founder Jesse Powell and returned dozens of seized devices, including laptops and cellphones, according to Fortune. The investigation, which stemmed from a management dispute with a non-profit organization Powell founded, had no connection to his operations at the cryptocurrency exchange. Powell expressed relief over the conclusion…
The $500 million private placement by Volcon will be used to fuel its bitcoin treasury strategy. The company has already accumulated over 280 BTC and entered a strategic partnership with Gemini. Volcon to Become Empery Digital With Focus on Bitcoin Treasury Volcon, Inc. (Nasdaq: VLCN) has announced the close of a $500 million private placement…
An alternative asset investment platform has partnered with the decentralized physical infrastructure network project Mawari to launch the first license sale of guardian nodes for U.S. investors. Democratizing Access to Decentralized Infrastructure The alternative asset investment platform, Republic, has partnered with the decentralized physical infrastructure network (DePIN) project Mawari to launch the first license sale…
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The Internal Revenue Service’s new Form 1099-DA, while designed to streamline tax reporting for cryptocurrency users, may inadvertently trigger audits due to incomplete cost basis data provided by exchanges, an expert warns. The ‘Phantom Gain’ Trap The Internal Revenue Service (IRS)’s new Form 1099-DA, though well-intentioned, could unfairly target many cryptocurrency users for audits due…
A sweeping Senate draft bill sets the stage for overhauling U.S. crypto regulation, proposing clear classifications, limited SEC oversight, and exemptions to accelerate compliant crypto innovation. Senate Draft Bill Builds on CLARITY Act Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno announced on July 22 that they have released a digital asset market…
U.S. Attorney General Pam Bondi has directed Deputy Attorney General Todd Blanche to initiate direct talks with Ghislaine Maxwell’s legal team and possibly Maxwell herself, marking a dramatic new phase in the Department of Justice’s handling of the Epstein case. Trump Administration Opens Door for Ghislaine Maxwell Meeting Attorney General Pam Bondi has ordered Deputy…
Profusa is pivoting into bitcoin by securing a $100 million equity line of credit with Ascent Partners, committing all proceeds beyond a $5 million cash buffer to BTC as its primary treasury reserve asset. Biotech Firm Profusa Embraces Bitcoin Profusa Inc. (Nasdaq: PFSA), a digital health company, has taken a bold step into digital assets…
