Summary: MicroStrategy added to its massive Bitcoin coffers with a $347 million purchase. The company bought an additional 12,333 BTC at an average price of $28,136 per coin, Founder and Chairman Michael Saylor shared. MicroStrategy now owns 152,333 Bitcoins worth approximately $4.6 billion, further solidifying the company as the largest...
Summary: Fidelity could submit a Bitcoin (BTC) spot ETF application as early as Tuesday, The Block reported citing a source. A flurry of BTC ETF applications came from companies like Widomtree and Invesco after BlackRock’s filed on June 15. Bitcoin broke above $30,000 for the first time since April shortly...
Bankrupt crypto exchange FTX has sued California-based investment firm K5 in an effort to claw back $700 million splurged by FTX founder and former CEO Sam Bankman-Fried.
An amended class action lawsuit filed by Celsius investors accused crypto market maker Wintermute Trading of helping Celsius CEO Alex Mashinsky dupe his crypto lending firm's investors.
Belgium's Financial Services and Markets Authority (FSMA) has ordered Binance to cease all operations and crypto services. The exchange has been ordered to return all crypto assets belonging to Belgian clients.
Documents released by the Federal Deposit Insurance Corp (FDIC) revealed that Sequoia Capital and Circle were among the top depositors at Silicon Valley Bank. These high-profile clients were given backstops of up to $1 billion by the regulator.
Summary: BlockFi received a temporary halt on its $50 million settlement payment to the U.S. Securities and Exchange Commission, per court filings from Thursday. The bankrupt crypto lender was instructed to pay its outstanding $30 million fine after reimbursing its debtors. BlockFi was fined $50 million by the SEC and...
Summary: The South Korean crypto firm will fire 100 employees by Friday as the platform faces uncertain times, Haru Invest CEO Lee Hyung-soo said on a video call. Haru Invest paused withdrawals earlier this month and evacuated its office due to an “internal situation”, per CoinDesk Korea. Co-founder Eunkwang Joo...
MakerDAO has purchased a second batch of U.S. Treasury Bonds worth a whopping $700 million. The purchase of part of the DeFi lending protocol's attempts to diversify the assets backing its DAI stablecoin.
The Monetary Authority of Singapore has released a whitepaper in collaboration with the IMF and the central banks of Italy and South Korea. The proposal seeks common conditions for retail payments with digital money on a distributed ledger.
Summary: Su Zhu and Kyle Davies’s new crypto venture OPNX partners with a firm bearing a similar name to the fallen hedge fund. 3AC Ventures will act as the new ecosystem partner of the digital exchanges that hopes to unlock a $20 billion bankruptcy claim market. “3AC is dead, long...
