MicroStrategy, the largest Bitcoin (BTC) corporate holder, is facing mounting backlash. This follows Executive Chair Michael Saylor’s announcement of a now-controversial update to the company’s equity issuance policy. The move removes a long-standing safeguard that prevented the firm from selling stock below a 2.5x multiple of its net asset value (mNAV), a measure designed to…
The US Securities and Exchange Commission (SEC) has once again deferred its decisions on various crypto exchange-traded funds (ETFs), pushing approval timelines for seven proposed funds to October 2025. The affected ETFs include the Truth Social Bitcoin and Ethereum ETF, several XRP (XRP) ETFs, a Litecoin (LTC) ETF, and a staking Ethereum (ETH) ETF. What…
A veteran Bitcoin developer has ignited controversy after promoting a Joker-themed meme coin in exchange for $5,000, a move that triggered wild price swings and divided the crypto community. Peter Todd, who contributed to Bitcoin’s early development, endorsed the “HAHA” Pump Fun token on X on Aug. 17. His post read, “One bad day… one…
A Texas magistrate judge has recommended dismissing most of a proposed class-action lawsuit against YouTuber Logan Paul over his collapsed NFT venture, CryptoZoo, in a ruling that could sharply weaken the case. Key Takeaways: A Texas magistrate judge recommended dismissing most claims in the CryptoZoo class-action lawsuit against Logan Paul. The judge permanently rejected the…
Blockchain-based lender Figure Technology Solutions, co-founded by SoFi’s former CEO Mike Cagney, has publicly filed for an IPO on Monday. The blockchain firm becomes the latest in a growing flurry of crypto-focused companies eyeing a public listing. Figure Reports 22% YoY Growth The New York-based company stated in a filing with the US SEC that…
South Korea’s financial regulator has moved to rein in risky lending practices in the digital asset sector, ordering local exchanges to suspend all crypto lending services until a proper regulatory framework is established. Key Takeaways: FSC halts crypto lending as South Korean exchanges must suspend services until formal rules are introduced. Investor risks exposed with…
The cryptocurrency market is experiencing significant price declines, particularly among the three largest digital assets: Bitcoin (BTC), Ethereum (ETH), and XRP. Following record-breaking rallies in the previous week, these cryptocurrencies have seen notable losses, with Ethereum down 5.2%, XRP dropping 3.8%, and Solana (SOL) slipping 6%. Even memecoin Dogecoin (DOGE) has not been spared, losing…
Solana started a fresh decline from the $210 zone. SOL price is now showing bearish signs and might decline below the $172 support zone. SOL price started a fresh decline after it failed to clear $210 against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There is…
Strategy Inc. has bought more Bitcoin while markets wobble, adding another small slice to its vast crypto treasury. According to the company, it purchased 430 BTC for about $51.4 million, at an average price near $119,666 per coin. The move keeps Strategy in its familiar role as one of the largest corporate holders of Bitcoin….
Tom Lee’s BitMine Immersion Technologies announced on Monday that it has become the second-largest crypto treasury in the world, behind Michael Saylor’s Strategy. The firm updated its Ether holdings figures to 1.52 million ETH worth around $6.6 billion. Even with the asset’s retreat, that huge stash is worth more than the $5.88 billion in Bitcoin…