Category: crypto

Brazilian company Méliuz saw its shares drop by 7% to R$8.20 on May 30 following the announcement of a primary share sale that could raise $26 million for expanding its Bitcoin treasury. The company plans to issue new shares for professional investors and has already purchased Bitcoin as a long-term investment.

The US Treasury Department imposed sanctions on Funnull Technology Inc., a Philippines-based tech firm accused of facilitating online crypto investment scams, defrauding American victims of over $200 million. The firm provided critical infrastructure for the scams and linked to virtual currency scam websites reported to the FBI. The sanctions aim to disrupt criminal enterprises and…

The Ethereum Pectra hard fork successfully doubled the default blob count from three to six and raised the ceiling to nine. A report by ethPandaOps analyzed the performance of 123 Beacon-chain nodes across 27 countries, confirming that home users could support nine blobs. Future gas limit increases are on hold until PeerDAS is implemented in…

REX Shares filed to list two new ETFs holding Ethereum and Solana, using a C-corporation structure to avoid regulatory delays. Each fund will own a Cayman Islands subsidiary for staking. Nasdaq will list the products, with a 0.75% management fee. SEC clarified staking is not a securities transaction, allowing for ETF launch.

Meta shareholders recently voted against a proposal to add Bitcoin to the company’s treasury in a significant majority decision. Despite growing interest in adopting cryptocurrencies, the shareholders chose not to pursue this avenue for the company’s financial strategy.

Coinbase analysts see the $5 billion repayment by FTX Recovery Trust as a significant boost to digital asset markets. The distribution of stablecoins to creditors is expected to influence trading behavior and asset flows positively. This round of repayments offers higher recovery rates for different claimant classes, potentially leading to increased investment in digital assets.…

Nearly 91% of Sui stake validators approved the release of $162 million seized in a recent exploit, allowing Cetus to reimburse users and resume operations. Funds will be transferred to a multi-signature wallet for repayment, with a roadmap outlined for recovery within a week.Validators will execute a protocol upgrade to unlock the frozen assets and…

The Bitcoin 2025 conference in Vegas drew 30,000 badge-wearing attendees, focusing on Bitcoin’s integration into mainstream politics and finance. Highlights included Tether’s plans to become a major Bitcoin miner, regulatory discussions, and new Bitcoin-related products and initiatives. However, concerns were raised about straying from Bitcoin’s original cypherpunk ethos. The content discusses the benefits of using…

The SEC has clarified that common forms of crypto staking are not subject to securities laws, including self-staking, delegated staking, custodial, and non-custodial forms. This decision is supported by SEC Commissioner Hester Peirce but criticized by Commissioner Caroline Crenshaw. The clarification could impact spot Ethereum exchange-traded funds by removing regulatory obstacles.

Bitcoin-native lending platform Liquidium has introduced a new cross-chain product called Liquidium Cross-Chain Loans, allowing users to lend and borrow assets across Bitcoin, Ethereum, and Solana networks. The product uses Chain Fusion Technology to enable direct communication between blockchains without third-party bridges. The platform aims to address limitations in decentralized finance and is set to…