Category: crypto

IREN Limited acquired Nostrum Group, known as Nostrum Group, expanding its AI cloud capabilities in Europe. The deal adds 490MW in Spain and marks IREN’s entry into the European market. The acquisition aligns with a trend of Bitcoin miners shifting towards AI infrastructure to diversify revenue streams. Other miners, like HIVE Digital and Bitdeer, are…

The IMF reported that Nigeria’s use of stablecoins has become a major cross-border payment channel for households and small businesses, accounting for 60% of sub-Saharan Africa’s stablecoin inflows since 2019. Dollar stablecoins help move money faster but may weaken demand for the naira. Regulators are urged to improve oversight without hindering payment channels.

Capital B plans to introduce a bitcoin-backed credit product in Europe, drawing on its 3,139 BTC treasury. The company aims to provide double-digit yields with low volatility for European investors. This initiative follows shareholder approval for up to €5 billion in equity issuance and €116 billion in credit instruments to accelerate Bitcoin accumulation.

Pyra has announced plans to shut down following losses from the Drift exploit, with user withdrawals available until September 15, 2026. Existing Pyra cards are canceled, and a new web portal will handle fund withdrawals and account management. The closure adds to a trend of crypto businesses winding down after security incidents.

Circle reportedly minted 1 billion USDC on Solana, bringing total weekly issuance to 3.5 billion tokens. The large mint signals higher demand for Solana liquidity and settlement activity. Circle’s Movement post links USDC-backed settlement to low-cost payments and broader dollar access globally. This issuance follows rising attention on Solana-based USDC activity and a record HyperEVM…

Michael Saylor, chairman of Strategy, believes Bitcoin does not need staking, inflation, or protocol-based yield to benefit investors. His Digital Asset Stack places Bitcoin below various financial products, with credit and equity products above it. Saylor argues that Bitcoin should remain scarce and unchanged while new tools are built around it.

Bitbank, a Japanese crypto exchange, warned users that accounts linked to prediction market platforms like Polymarket could be suspended. The exchange stated that transfers to prediction market services could lead to restrictions on trading, withdrawals, and account functions. Polymarket is facing regulatory scrutiny in Japan, South Korea, and the U.S.

Fishing Frenzy, a Web3 game, has distributed $62,845 in USDC to players and stakers based on Karma scores before its shutdown on June 25. Developer Uncharted has refunded $7,021 in eligible in-game purchases. The closure is due to the inability to find a sustainable business model for its crypto gaming strategy.

The joint report from Bitget and Block Scholes shows that the tokenized Nvidia perpetual market reached 75% of the liquidity depth of Bitget’s Bitcoin spot market. Liquidity improved in 2026 across stock and commodity markets, with tighter spreads and deeper order books. Trading conditions remained stable during the U.S.-Iran conflict with quick recovery.

Coinbase CEO Brian Armstrong remains bullish on Bitcoin despite recent volatility in the crypto market. Bitcoin rebounded above $65,500 after a U.S.-Iran deal boosted sentiment. Armstrong emphasized the growth of crypto beyond Bitcoin, including stablecoins and derivatives. He noted that crypto markets move in cycles, with short-term price actions not defining long-term adoption.