Tether says Big Four accounting firm KPMG completed a full audit of its 2025 financials and confirmed its reserves exceed liabilities by $6.814B. 🔗
Norway's $1.4T sovereign wealth fund discloses an $81.9M stake in @BitMNR, gaining indirect exposure to 5.8M $ETH. 🔗
StablecoinX, the Nasdaq-listed Ethena treasury company, reported holding approximately 3 billion ENA as of June 30, worth about $218.4 million and representing roughly 20% of total supply. The company posted a Q2 net loss of $34.2 million, driven mainly by $36.2 million in digital-asset impairment charges. Total assets stood at about $232.6 million, including $18.9 million in cash and cash equivalents. 🔗
Kalshi's reported new round would nearly double its May valuation, landing the same day Baltimore sued it over unlicensed sports betting. 🔗
Stablecoin payments firm RedotPay has delayed its U.S. IPO plans from this year to possibly next year or later, according to Bloomberg. 🔗
Strategy has officially fired back at the proposal. 'Index providers should measure markets, not decide which assets companies are allowed to own.' 🔗
Spot bitcoin ETFs shed $131.1 million on Thursday, with seven funds recording outflows. 🔗
A breach at Trezor's fulfillment partner leaked customer addresses, raising both phishing and physical security risk. 🔗
DeFi VC funding fell to $246M in Q2, its lowest level since Q4 2023. 🔗
Bullish posted a $280M Q2 net loss even as adjusted revenue climbed 62% YoY to $92.6M on record subscription and services income. 🔗
The SEC has canceled its open meeting where it was expected to release its long-anticipated Regulation Crypto proposal. 🔗
Q2 was a HUGE quarter for crypto fundraising. $12.86B was raised across 271 deals, but one company alone accounted for 28%+ of the quarter’s total funding. 🔗
Singapore police said a crypto scam involving fake job offers and compromised software caused $11.8 million in losses. 🔗
Michael Burry criticizes Berkshire Hathaway's investment strategy, citing overpriced markets and unattractive valuations, as the company's cash pile decreases and buyback program increases. Berkshire's CEO has been deploying cash into various investments, including a $10 billion private placement in Alphabet. Burry's argument is that the market is due for a correction, given the S&P 500's forward price-to-earnings ratio being above its 25-year average.
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