Category: crypto

Michael Potter has been named as the new CFO of Bitdeer, replacing Jianchun Liu effective Tuesday. Potter previously led Corsair Gaming’s IPO and held CFO roles at other companies. The appointment comes as Bitdeer focuses on AI cloud revenue and high-performance computing. Liu will remain with the company until June 30.

Aztec Labs has acquired ZKPassport but will keep the privacy-focused passport-scanning app fully open source. ZKPassport allows users to prove identity attributes without revealing personal data by scanning NFC chips in passports. The acquisition consolidates technology under Aztec Labs while maintaining a public-good framing for privacy in crypto.

HTX denies UK allegations of sanctions violations after Huobi Global S.A. was accused of funneling $1.5 billion to Russia. The Foreign Office targeted the affiliate for financial services to A7 and Garantex, while Global Ledger traced over $7.6 billion in Russia-linked flows through the exchange. HTX maintains compliance and separate operations.

BIS tokenization work has completed its atomic settlement prototype phase and will now move on to real-value cross-border payment trials. Project Agora involved seven central banks and over 40 financial institutions, demonstrating the potential for tokenized settlement. The prototype aims to improve efficiency in global payments without replacing existing systems like correspondent banking.

Strive, Inc. purchased 1,109 Bitcoin for $85.4 million, bringing its total holdings to 16,500 BTC and surpassing Coinbase and Riot Platforms. The company funds acquisitions through equity sales and preferred stock. Strive’s Bitcoin yield is 23.4% year-to-date, signaling a growing trend in corporate Bitcoin accumulation strategies.

Former New York Fed chief Bill Dudley warns that the Federal Reserve risks losing credibility as an inflation fighter due to consistently missing its 2% target. New Fed Chair Christopher Waller is trying to anchor expectations, but Dudley argues that inflation expectations could become unanchored if policy does not change.

Spain has blocked prediction markets Polymarket and Kalshi for operating without gambling licences. The platforms were ordered to be blocked by ISPs within seven to ten days, with a formal investigation expected to last three to four months. This action follows similar blocks in Brazil, Indonesia, India, Portugal, and other countries. The global crackdown on…

The Smarter Web Company has increased its Bitcoin holdings by purchasing an additional 10 BTC, bringing its total holdings to 2,869 BTC. The company used a Coinbase credit facility to support its Bitcoin treasury strategy while maintaining leverage at about 12.19%. This move aligns with other publicly listed companies expanding their BTC reserves.

Optimism’s OP mainnet is conducting a four-week experiment to allow users to boost transaction priority by staking at least 100,000 OP, deviating from pure gas-fee ordering. This stake-based transaction ordering runs alongside the existing gas auction and aims to test its impact on the network’s performance and user experience.

Hyperliquid has upgraded to include validator-settled outcome markets for offchain events under HIP-4, expanding its trading system beyond perpetual futures into prediction markets. Validators will vote on market deployment and settlement, eliminating the need for external oracle services. The new markets will be published through automated newsfeed software, allowing traders to participate in real-world event…