Category: crypto

Shareholders, including Pantera Capital, are pressuring Satsuma Technology Plc to sell its 646 BTC holdings and distribute the proceeds to investors. The company is reviewing options carefully to protect all shareholders’ interests, as its shares have collapsed and its Bitcoin holdings exceed the current market valuation. Bloomberg reported the request on April 23, highlighting the…

Cryptocurrency firms and advocacy groups are urging U.S. senators to advance the Clarity Act to prevent the industry from moving offshore. The letter calls for action on unresolved issues like stablecoin rewards and regulatory oversight. Delay could lead to investment and innovation leaving the U.S., emphasizing the need for timely action.

KPMG introduces an AI-powered Financial Close Companion to automate month-end closing tasks for legal entity controllers and accounting analysts. Built on Google Cloud Gemini and integrated with Workday, the tool helps analyze financial data, flag anomalies, and streamline reporting processes. The launch aligns with Google Cloud’s $750 million fund to support enterprise adoption of AI.

US-listed spot Bitcoin exchange-traded funds saw seven consecutive days of net inflows, totaling $1.9 billion as Bitcoin approached $80,000. BlackRock’s IBIT led with $1.4 billion in inflows, capturing over 73% of the total. Morgan Stanley’s MSBT had no outflows since launch, while Grayscale’s GBTC saw $100 million in redemptions.

Flying Tulip has introduced a circuit breaker to slow or queue withdrawals during DeFi losses in April. The safeguard limits the speed of funds leaving the protocol during abnormal outflows, allowing the team to review unusual activity. The mechanism is designed to prevent potential damage and address weaknesses beyond smart contracts.

Google Cloud has partnered with CVC Capital Partners to accelerate the adoption of AI across CVC’s portfolio companies. The partnership will provide access to Google Cloud’s AI stack, cybersecurity tools, and engineering support to deploy agentic AI systems across industries like retail, healthcare, finance, and media.

Firelight and Sentora have partnered to provide capital-backed cover for DeFi vaults on Flare using XRP. The integration aims to offer institutional-grade protection against smart contract exploits and oracle failures for platforms like Kraken and Fireblocks. This collaboration addresses the need for onchain cover in DeFi for broader adoption.

Tether froze over $344 million in USDT tied to sanctions evasion and pig-butchering scams, emphasizing the role of stablecoins in criminal activities and regulatory oversight. CEO Paolo Ardoino insists that USDT is not a safe haven for illegal activities, highlighting the company’s collaboration with law enforcement to combat fraud.

Spark’s SPK token saw a 73% jump after being listed on Upbit, with over 500 million tokens staked. F2Pool co-founder Wang Chun’s regret over selling 83.7 million SPK added to the speculative interest. The token’s price surge was also driven by increasing staking and the potential for governance influence.

Cardano founder Charles Hoskinson criticized Bitcoin’s choice of SPHINCS+ for post-quantum security, citing limited flexibility and larger transaction sizes. Bitcoin developers prioritize security and simplicity over functionality, sparking debate on defensive design choices and future flexibility. SPHINCS+ offers quantum resistance but may limit broader upgrades, raising concerns about Bitcoin’s long-term adaptability.