News
Custodia's five-year fight for a Fed master account effectively ends in 7-3 appeals court loss
3+ hour, 5+ min ago (391+ words) The U.S. Court of Appeals for the 10th Circuit on Friday denied Custodia Bank's petition for rehearing en banc in its lawsuit against the Federal Reserve, effectively closing the crypto bank's last serious appellate avenue to force the central bank to grant…...
Ethereum Foundation sells 5,000 ETH to Tom Lee's BitMine in $10 million OTC deal
4+ hour, 46+ min ago (252+ words) The Ethereum Foundation said Saturday it finalized an over-the-counter sale of 5,000 ETH, worth approximately $10.2 million, to BitMine Immersion Technologies. The average price was $2,042.96 per ETH, roughly in line with current market levels. The onchain transaction will come from an EF…...
Billionaire investor Druckenmiller says 'quicker, cheaper' stablecoins could power payments in 10-15 years
1+ day, 3+ hour ago (280+ words) Billionaire investor Stanley Druckenmiller said stablecoins could eventually underpin much of the global payment system, even as he remains skeptical of cryptocurrency's original premise. Speaking during a word-association segment in a Morgan Stanley interview recorded Jan. 31 and released Thursday, the…...
TOKEN2049 Dubai moved to 2027 amid heightened security risks in UAE
1+ day, 10+ hour ago (223+ words) Organizers of TOKEN2049 said the Dubai edition of the global crypto conference will be held on April 2122, 2027, postponing the previously planned 2026 gathering by one year as security conditions in the United Arab Emirates deteriorate." The decision was announced Friday in an…...
Iran war oil shock more likely to affect Bitcoin miners through BTC price than energy costs, analysts say
1+ day, 11+ hour ago (279+ words) Bitcoin miners may feel the effects of oil shocks linked to the war in Iran primarily through bitcoin's price volatility rather than their energy bills, according to new analysis from Luxor Technology's Hashrate Index. The research examined how a geopolitical…...
HSBC, Standard Chartered to be first recipients of Hong Kong stablecoin licenses: reports
1+ day, 15+ hour ago (297+ words) Banking giants HSBC and Standard Chartered are expected to be among the first recipients of Hong Kong's stablecoin licenses, according to reports by the South China Morning Post and Bloomberg. The reports, citing sources familiar with the matter, said the…...
Tether backs Ark Labs $5.2 million seed raise to expand stablecoin and programmable finance infrastructure on Bitcoin
2+ day, 10+ hour ago (523+ words) Ark Labs has raised $5.2 million in a seed funding round to expand infrastructure for programmable financial applications on Bitcoin (BTC). Established in 2024, the raise brings Ark Labs' total institutional backing to more than $7.7 million, following an earlier pre-seed round supported…...
Federal judge dismisses Binance terrorism financing lawsuit in Alabama but allows amended complaint
2+ day, 7+ hour ago (367+ words) A federal judge in Alabama has dismissed a lawsuit accusing Binance entities and Binance.US operator BAM Trading Services of aiding terrorism financing, ruling that the plaintiffs" complaint failed to meet basic federal pleading standards. The lawsuit was brought by…...
Grayscale debuts Avalanche staking ETF on Nasdaq under ticker GAVA
2+ day, 10+ hour ago (328+ words) The Grayscale Avalanche Staking ETF began trading on Nasdaq on Wednesday, adding a staking-enabled product tied to the Avalanche network's native token to its lineup of exchange-traded products. The product first launched as a private placement in August 2024 and is…...
Metaplanet launches VC and asset management subsidiaries, bets on Japanese stablecoin JPYC
2+ day, 20+ hour ago (535+ words) Bitcoin (BTC) treasury firm Metaplanet announced the launch of two new subsidiaries alongside a strategic investment in stablecoin firm JPYC. Metaplanet CEO Simon Gerovich said in a Thursday post on social media platform X that the company's board of directors…...