Poolin, the Singapore-based mining operation that once commanded close to a fifth of Bitcoin's global hashrate, has filed for bankruptcy and now faces $173 million in liabilities. The company, formerly ranked among the largest Bitcoin mining pools in the world, is selling off its remaining assets to
A sharp decline in major technology stocks failed to spill over meaningfully into digital assets, signaling a potential divergence between crypto and equities. The Magnificent Seven group of tech giants recorded their worst trading day since April 2025, with Alphabet and Tesla rattling investors over concerns about heavy AI-related
A Bitcoin treasury company retired 7.7 million potential shares by clearing an $11.7 million convertible note, a move funded in part by selling 177 BTC from its holdings. Eliminating the convert simplifies the firm's capital structure and removes a layer of potential dilution tied to the
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