Category: crypto

BitMine is seeking to raise $300 million through a preferred stock sale with a 9.5% annual dividend rate. The company holds over 5.4 million ETH, valued at $10 billion, facing an unrealized loss due to the drop in ETH prices. BitMine follows a funding strategy similar to other crypto treasury companies like Strategy, issuing dividend-paying…

SpaceX plans to raise $75 billion in a record IPO that would value the company at $1.77 trillion. Elon Musk would retain 82.4% voting control. The IPO could surpass Saudi Aramco’s 2019 listing. Proceeds will support rocket, Starlink, AI, and space data center plans. Musk’s wealth could reach $1.1 trillion.

Cardano founder Charles Hoskinson warned of potential failures of Cardano projects following the shutdown of TapTools. Market conditions have been challenging, with ADA trading near $0.20. Hoskinson emphasized the need for collective efforts to address funding and growth challenges in the ecosystem. The closure of TapTools due to rising operating costs has sparked a larger…

Israeli tax authorities have received significantly fewer corrections for crypto taxes than anticipated under a voluntary disclosure program offering criminal immunity to eligible taxpayers. Only 58 filings have been made, covering $50 million in crypto capital, far below the expected $1 billion in revenue. The lack of an anonymous first stage may be deterring crypto…

The U.S. Commodity Futures Trading Commission has ended its long-standing “no-deny” policy for enforcement settlements, allowing defendants to dispute allegations publicly. This decision aligns with the SEC’s similar move in May and comes amid a review of crypto enforcement actions. The change may impact how future settlements are handled in the industry.

Paybis reports that stablecoins now account for 86% of their crypto volume, with B2B clients driving 97.8% of stablecoin volume. They also found confusion around costs and settlement times may be slowing adoption. The report indicates a shift towards stablecoins for business payments, with 22.5% of surveyed businesses already using or planning to use stablecoins…

Coinbase froze over $3 million in cryptocurrency related to scam networks in Southeast Asia. Meta, Microsoft, and Starlink also participated in disrupting accounts and online tools used by scammers. The operation was part of a broader crackdown by the DOJ on romance, investment, and forced labor scams. Blockchain tracking was emphasized as a tool for…

Wyoming Governor Mark Gordon signed an executive order titled “Data Centers the Wyoming Way” to guide AI data center growth in the state. The order aims to protect water, power, and local communities while attracting investment from big tech companies. It also connects to Bitcoin mining as firms look to diversify revenue streams beyond mining.

Nine House Democrats have requested the Federal Trade Commission to investigate online prediction market platforms. Lawmakers are concerned about companies marketing sports bets while presenting themselves as offering financial contracts to regulators. This comes amid rising pressure from insider trading cases, state disputes, and record industry volumes.

Polymarket finalized a disputed prediction market with a “No” outcome after 98.6% of voting power backed the decision. Traders challenged the ruling due to Strategy’s disclosure of selling 32 Bitcoin before the market’s deadline. This dispute has sparked a debate over when prediction markets should be resolved based on event occurrence or public confirmation.