The Balance stablecoin protocol suffered a critical failure after an attacker manipulated its price feed, feeding the system a fake, abnormally low bitcoin price. This false data triggered the liquidation of collateralized vaults that were otherwise healthy, allowing the attacker to seize their bitcoin holdings at a steep discount. The
UK-based Satsuma Technology will unwind its bitcoin treasury strategy and remove its shares from London trading after shareholders approved both moves. The decision arrives less than a year after the company raised $218 million to build a corporate bitcoin holding, a plan that mirrored the treasury approach popularized by
Movement Labs, the company behind the MVMT project, filed for bankruptcy earlier this month, disclosing assets of between $100,001 and $500,000 against liabilities reaching as high as $10 million. According to the filing, the largest single claim comes from the company's ousted founder, who is seeking
US authorities have flagged an alleged $22 million Bitcoin mining scheme in which only about 13% of the money raised was reportedly directed toward actual mining operations. More than 380 investors supplied the funds, leaving a large gap between what was promised and what was deployed for its stated purpose.
Movement Labs, the blockchain startup behind the MOVE token, has filed for Chapter 11 bankruptcy following months of internal turmoil. The company faced scrutiny over a controversial market-making agreement, which triggered an internal investigation into its MOVE token launch and led Binance to ban the market maker involved. In
The Clarity Act, a crypto market-structure bill designed to define regulatory oversight of digital assets, is approaching final passage in the U.S. Senate. Senate negotiators describe the legislation as 'almost there,' while Treasury Secretary Scott Bessent characterized its progress as being at the '1-yard
BitMine's aggressive accumulation strategy has brought it within roughly $482 million of controlling 5% of Ethereum's entire circulating supply, marking one of the largest corporate ETH treasury pushes to date. As of July 20, the company disclosed holdings of 5,777,468 ETH after acquiring an