Category: crypto

Coinbase has agreed to acquire Deribit, a crypto derivatives platform, in a deal valued at $2.9 billion. This would be Coinbase’s largest acquisition to date. Deribit confirmed the acquisition, stating it will bring spot, futures, perps, and options under one brand. The deal is in its final stages pending regulatory approval.

LockBit, a well-known Ransomware-as-a-Service group, suffered a security breach exposing 60,000 Bitcoin addresses. Hackers exploited a vulnerability to access LockBit’s systems, leaking sensitive data like private keys and chat records. SlowMist traced a Bitcoin address to known exchanges, suggesting the stolen funds were being cashed out. LockBit offered a bounty for the hacker’s identity.

Arizona and Oregon have passed laws to integrate Bitcoin and digital assets into public policy. Arizona has created a state-run Bitcoin and Digital Asset Reserve Fund, while Oregon has updated its Uniform Commercial Code to recognize digital assets as acceptable collateral. These moves signal growing acceptance of crypto at the state level.

BlackRock’s Shares Bitcoin Trust ETF (IBIT) had a successful quarter despite Bitcoin’s price decline, reporting $47.78 billion in net assets. The ETF’s performance is directly correlated to Bitcoin’s market performance, with institutional interest remaining strong. BlackRock appointed Anchorage Digital Bank as a new custodian to safeguard against risks. Regulatory and market risks continue to impact…

Sei Labs, the team behind Sei blockchain, plans to transition to an Ethereum Virtual Machine (EVM)-compatible framework, phasing out support for Cosmos transactions and CosmWasm contracts. This move aims to simplify the blockchain, improve developer experience, and align with current EVM usage trends. The proposed SIP-3 upgrade led to a 7% increase in SEI token…

Bitcoin spot volumes have decreased by 40% since January, but the use of leverage in trading has increased. This shift suggests that traders are relying more on leverage than liquidity when trading Bitcoin.

Robinhood is working on blockchain infrastructure for European retail investors to trade US securities. They are exploring partnerships with digital asset firms like Arbitrum and Solana. The plan would expand Robinhood’s European offerings beyond crypto trading. The infrastructure would tokenize US equities for near-instant settlement and cost reductions.

US Treasury could see a $2 trillion surge in demand for government debt from the digital asset sector. Treasury Secretary Scott Bessent emphasized the importance of digital assets in the economy and the need for the US to lead in shaping global standards for crypto markets. Stablecoins heavily rely on US Treasury bills, with proposed…

At its annual Sessions conference, Stripe introduced a new AI foundation model for payments, enhanced stablecoin integration, and expanded support for embedded finance. The company also announced over 60 product updates, including tools for fraud detection, personalized checkout, and improved transaction success rates. Additionally, Stripe revealed plans for stablecoin financial accounts, a USDC-denominated Visa card,…

Strive Asset Management has merged with Asset Entities Inc. to become a Bitcoin-focused treasury company operating on NASDAQ. They aim to be fully aligned with the Bitcoin Standard, offering company equity for Bitcoin and acquiring undervalued companies to access cash at a discount. They plan to raise up to $1 billion in capital through equity…