Once a dominant force in crypto derivatives, BitMEX has completed a business review and confirmed it will shut down on September 23, instructing customers to close positions and withdraw funds beforehand. Unlike the collapse of FTX, this closure comes without a balance-sheet shortfall, frozen withdrawals, or bankruptcy proceedings. Kaiko
Facing a convertible debt facility that could have diluted shareholders, The Smarter Web Company chose to liquidate part of its Bitcoin holdings instead. The firm sold 177.89 BTC for $11.7 million to repay the facility ahead of schedule, a move that avoids issuing new shares that would have
The settlement resolves a Freedom of Information Act dispute backed by Coinbase that sought access to internal regulatory records from the tenure of former SEC Chair Gary Gensler. Under the reported terms, the Securities and Exchange Commission will pay $150,000 and release two documents it had previously withheld. The
Grayscale argues that Bitcoin's traditional four-year halving cycle no longer drives its price, marking a shift in how the market may behave going forward. According to the crypto asset manager, Bitcoin is now more closely tied to broader macroeconomic conditions and monetary policy than to its historical
Tesla recorded a $112 million pretax paper loss on its digital asset holdings during the second quarter, reducing the value of those assets to $674 million. The markdown lowered the company's GAAP earnings by $87 million on an after-tax basis, reflecting the impact of falling crypto prices
The X account belonging to Robinhood CEO Vlad Tenev was apparently compromised and used to promote a memecoin called Vladhood, which has been flagged as a scam. Such account takeovers are a recurring tactic in crypto, where attackers exploit the credibility of prominent figures to lure investors into fraudulent tokens
Asset management giant BlackRock has weighed in on one of the crypto industry's long-term concerns: the risk that powerful quantum computers could eventually break the cryptography securing Bitcoin and other networks. According to the firm, blockchain networks hold an advantage in confronting this threat because they can