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MEI Pharma Inc. has become the first U.S.-listed public company to adopt litecoin ( LTC) as a primary reserve asset, deploying $100 million from a recent stock sale to acquire 929,548 tokens of the cryptocurrency. Litecoin Creator Charlie Lee Joins MEI Pharma’s Board The clinical-stage biopharmaceutical company (Nasdaq: MEIP) disclosed the LTC acquisition in an … Read more
Bit Mining has purchased 27,191 solana ( SOL) tokens and launched its first Solana network validator, marking a significant step in its strategic shift towards the ecosystem. New Validator Marks Bit Mining’s Deeper Solana Push The company told Bitcoin.com News that it spent approximately $4.89 million to acquire the solana ( SOL), establishing what it … Read more
Coinbase Global Inc. revealed Tuesday it’s gearing up to raise $2 billion through a private sale of convertible senior notes. Proceeds Targeted for Capped Calls, Expansion, Acquisitions and Fresh Investments The crypto firm, Coinbase Global Inc. (Nasdaq: COIN) plans to issue $1 billion in notes maturing in 2029 and another $1 billion maturing in 2032. … Read more
The Wall Street Journal reports that President Donald Trump has allegedly prepared a draft executive order warning banking regulators and financial institutions that they could face disciplinary action if they discriminate against conservatives or crypto companies. An Alleged Executive Order Puts Banks on Notice Over Political, Crypto Bias A Wall Street Journal (WSJ) exclusive report … Read more
Coinbase has proclaimed that the Bank Secrecy Act, designed to safeguard the U.S. financial system from malicious actors, is flawed due to its implications for private data. Coinbase CLO Paul Grewal believes that ZKPs might be the answer to the act’s excessive data vulnerabilities. Coinbase Wants to Fix the US Bank Secrecy Act With Cryptocurrency … Read more
Procap was formed in June when it entered into a business combination with a Nasdaq special-purpose acquisition company (SPAC) called Columbus Circle Capital Corporation. Anthony Pompliano’s Procap Taps Bitwise Alum Jeff Park as New CIO Self-styled investor and crypto entrepreneur Anthony Pompliano pulled off a $750 million raise in late June for his new bitcoin … Read more
Companies like Coinbase and Paypal are taking advantage of the loopholes present in the stablecoin-focused GENIUS Act to offer “rewards” to depositors, even though it explicitly forbids issuers from distributing any form of interest or yield to holders. GENIUS Act Circumvented? Paypal, Coinbase Offering ‘Rewards’ to Stablecoin Holders Crypto companies are finding ways to circumvent … Read more
Bitcoin dropped to $112K amid a third consecutive Friday selloff, wiping out over $1 billion in leveraged longs and sparking broad crypto losses. Despite the correction, analysts view the move as a leverage flush rather than a trend reversal, with options positioning hinting at expectations for a rebound. Crypto Selloff: BTC Pullback Spurs ‘Buy the … Read more
Ethereum’s strategic reserves and ETF stashes are throwing some serious heft around the market right now. Data from strategicethreserve.xyz shows these reserves sitting on 2.96 million ETH—valued at roughly $10.8 billion—spread among 63 participants, locking away close to 2.45% of the entire supply. $10.8B in Ethereum Locked Away — Here’s Who Holds the Keys Loading … Read more
Alpen Labs launched its public testnet on Monday, advancing efforts to build a native financial system directly on the Bitcoin blockchain. Bitcoin ZK-Rollup Testnet Goes Live With EVM Compatibility According to the Alpen Labs release shared with Bitcoin.com News, the testnet allows developers to experiment with Bitcoin-based financial applications previously confined to centralized services or … Read more
