Virtu Financial, M1X Global and Tradeweb completed an institutional repurchase transaction using a sovereign digital bond on Aug. 27, with the full repo and repurchase cycle settling on the Canton Network in under 10 minutes. Summary Virtu, Tradeweb and M1X completed an onchain repo cycle on Canton within ten minutes total. USDM1 served as collateral…
Strong ETF demand is supporting the rally, but fading short covering and lingering macro risks could slow its momentum. Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional…
BitGo Holdings completed its acquisition of NYDIG’s institutional trading business on Aug. 27, adding derivatives, structured products, execution and financing services to its U.S. institutional platform. Summary BitGo completed its acquisition of NYDIG’s institutional trading business, though financial terms remained undisclosed publicly. Approximately 30 NYDIG employees joined BitGo alongside institutional client relationships included in the…
Aave V4 deposits have reached a record $806 million after climbing 30% over seven days, while active loans have increased to $206 million. Summary Aave V4 deposits rose above $800 million within six days of crossing $600 million. Ethereum Core leads the six listed markets with $378 million in deposits. Active EtherFi loans reached $62…
The ruling adds to Bithumb’s effort to recover funds after a February error gave hundreds of accounts vastly overstated Bitcoin balances. A bizarre error that mistakenly credited Bithumb customers with roughly 620,000 BTC is now producing victories for the South Korean exchange in court. The Seoul Central District Court has ordered one customer to…
Genius Group has proposed raising capital through perpetual preferred securities to build an $827 million Bitcoin treasury and an $800 million AI portfolio within a $2 billion total-asset target for fiscal 2031. Summary An initial preferred securities offering would seek $12.5 million from income-focused investors. Proceeds would be divided among Bitcoin, AI investments, and an…
In Bitcoin news today, a group of cryptography researchers has published a draft specification for SHRINCS, a post-quantum signature scheme for Bitcoin transaction authorization. The draft, authored by conduition, Ethan Heilman, Mikhail Kudinov, Oleksandr Kurbatov, Jonas Nick, and a contributor known as remix7531, describes a hash-based design that combines a compact stateful signing path with…
Trading volume surged nearly 95,000% in 24 hours as traders rushed back into the dormant token, pushing its price up by over 1,600%. Machi Big Brother proposed a $1 million buyout of Friends.Tech on August 27, offering to acquire the stalled project from Racer and Paradigm and relaunch its FRIEND token. The proposal sent…
Mirae Asset has set a 150 trillion won or about $109 billion target for a digital asset business spanning cryptocurrency, stablecoins, real-world assets and tokenized securities. Summary Digital X will serve as a central part of Mirae Asset’s next growth strategy. Mirae Asset acquired 97.15% of the former Korbit exchange for 141.4 billion won. The…
In MicroStrategy Bitcoin news, MSCI is considering rules that could remove Strategy Inc. from its global equity indexes, potentially adding strain to the financing model behind the company’s Bitcoin holdings. The proposal is not specific to Bitcoin: it focuses on whether companies are primarily engaged in accumulating assets rather than operating businesses, according to Bloomberg….
