Category: crypto

Stani Kulechov denies allegations of selling AAVE tokens at a discounted price to Kraken. The founder of Aave, a decentralized finance platform, refutes the claims and maintains that the token sale was conducted fairly and transparently.

BitGo Holdings has reduced its workforce by nearly 15% to focus on security, trading, stablecoins, settlement, and AI-powered infrastructure. CEO Mike Belshe announced the layoffs, stating that the company needs to become more focused in a changing digital asset sector. BitGo’s shares remain below IPO price as it balances growth and restructuring.

StablecoinX has merged with TLGY Acquisition Corp., gaining a Nasdaq listing as USDE. The company holds $275m in ENA and plans to serve Ethena infrastructure, software access, and distribution needs. USDe supply has dropped, impacting timing. The company’s focus is on infrastructure and regulation in the stablecoin market.

Solmate Infrastructure has lost 98% of its market value after receiving $300m in financing tied to its Solana treasury plan backed by ARK Invest and Pulsar Group. Share prices dropped sharply after the company pivoted from football to crypto. A lawsuit by RBCH Ltd. claims shareholder dilution, while Solmate denies the allegations. The company faces…

On-chain investigator ZachXBT has warned that AscendEX may be delaying user withdrawals due to liquidity stress. Users reported withdrawals delayed for days or weeks without updates. Known hot wallets lack large assets, raising concerns. AscendEX has not responded publicly. ZachXBT reviewed hot wallets and raised liquidity issues, urging transparency.

Coinbase-backed Base experienced a halt in block production due to an invalid block disrupting consensus, causing almost two hours of downtime. The network was restored before the Beryl upgrade, aimed at faster withdrawals, was implemented. Base reassured users that their funds were safe and promised a full post-mortem of the incident.

BitMine has staked an additional 160,480 ETH, bringing their total staked amount to 4.88 million tokens, representing 86% of their holdings. The company’s entry into the Russell 1000 index is expected to attract more institutional investors and increase trading activity. Staking income has become a central part of BitMine’s treasury model.

SharpLink resumed buying Ether after eight months despite it trading near its lowest level of 2026. With 876,285 ETH, the company faces unrealized losses. The purchase comes before expected entry into Russell indexes. CEO Joseph Chalom sees this as validation. Catalysts for Ethereum include regulatory clarity, risk appetite, and growth in tokenized assets.

Bitcoin is facing a significant options expiry with contracts set to expire at $60,000. Traders are seeking protection from downside risks, with puts trading at a premium over calls. Ethereum also has expiring contracts, with the market remaining weak. The expiration is expected to influence short-term price swings.

Binance will stop serving clients in the European Union next week after failing to obtain a Markets in Crypto-Assets license on time. Customers in Poland, Italy, Spain, and France received withdrawal notices. Binance plans to seek authorization in another EU member state, potentially France. Competitors with MiCA approval may benefit from Binance’s setback.