Category: crypto

Bitcoin network difficulty reached a new high of 136.04 trillion, while dollar hashprice dropped to around $52 per petahash per day. Miners are facing tough decisions such as selling inventories, consolidating operations, or focusing on high-performance computing tied to artificial intelligence. Strategic moves like acquisitions and forward hedging are becoming common in the industry.

Bitplanet, South Korea’s first institutional Bitcoin treasury company, has acquired SGA Co. Ltd. for $50 million. This marks a 62% takeover by an international investor consortium, including Sora Ventures and Parafi Capital. Bitplanet aims to become one of the world’s top 10 Bitcoin holders, with plans to increase institutional access to the asset in South…

Bitcoin (BTC) needs to maintain the $114,000 level to regain investor confidence and attract new liquidity. The current trading range of $110,000-$116,000 threatens to stall the rally, with different investor cohorts shaping price action. Institutional demand has slowed, making derivatives markets more important for price formation. Reclaiming $114,000 is crucial for profitability and attracting institutional…

Kraken introduces Kraken Perps, a new perpetual-contracts feature for retail investors to speculate on crypto price movements without owning the asset. The exchange also expands its tokenized equities product, xStocks, giving access to over 60 tokenized U.S. equities and ETFs. Both features offer advanced trading tools with built-in protections.

BlackRock is exploring tokenizing ETF shares tied to real-world assets, following the success of its BUIDL tokenized money-market fund. CEO Larry Fink believes all financial assets can be tokenized. This move would enable trading beyond traditional hours, improve international access, and create new collateral opportunities. Regulatory challenges exist in reconciling ETF settlement with blockchain trading…

Figure (FIGR) shares closed at $31.11 on Nasdaq debut, gaining 24% from pre-sale price, establishing a $6.6 billion market cap. Despite recent crypto IPO volatility, Figure’s steady trading pattern reflects institutional confidence in tokenized credit model. Analyst projects potential upside to $60-75 over 18-24 months based on adoption and margin expansion.

REX Shares and Osprey Funds are set to debut five new crypto exchange-traded funds (ETFs) next week, structured similarly to their Solana SSK ETF. The RIC framework they employ allows for flexibility in holding spot crypto assets, using derivatives, and investing in other ETFs. The SEC is working on a standardized listing framework for crypto…

Coinbase is demanding accountability from the SEC after the agency deleted nearly a year of text messages from former Chair Gary Gensler during a crypto enforcement campaign. The filing seeks expedited discovery and production of all communications. The SEC allegedly violated court orders by not producing all texts and claiming searches were incomplete.

Aave, a decentralized lending protocol, aims to reduce governance risks within the Ethereum layer-2 network, Scroll’s ecosystem. The proposal by ACI includes defensive measures to protect users and liquidity pools by increasing reserve factors and lowering supply and borrowing caps. This comes amid instability in Scroll’s decentralized governance model.

Crypto protocols raised $1.9 billion in August, down from July. DeFi protocols dominated funding, with major raises from Portal, M0, and aPriori. AI and infrastructure projects also secured substantial funding. Cybersecurity and stablecoin infrastructure attracted capital. Public token sales saw a decrease. Layer-2 solutions received strategic investments. Institutional interest remains strong.