Category: crypto

Capital B has announced a 10-for-1 reverse stock split to make its shares more accessible to investors, starting on September 8. The consolidation reduces outstanding shares without changing the total value of investor holdings. This move is part of the company’s effort to expand its Bitcoin treasury strategy and attract institutional investors.

Institutional investors are expanding their crypto security checks to include continuous monitoring, signer controls, and incident readiness due to operational failures causing significant losses. Traditional trust markers like audits and operating history are not sufficient. Audited projects still faced exploitation, highlighting the need for ongoing security measures beyond audits.

Vietnam has introduced a penalty system for crypto violations, with fines of up to $1,900 for domestic investors trading on unlicensed platforms. The regulations target unauthorized offerings, AML failures, and improper data handling. Vietnam is preparing to launch a regulated crypto market in Q3 following initial screening of five firms.

Zilliqa has requested cryptocurrency exchanges to temporarily pause ZIL deposits and withdrawals due to a suspected cold wallet compromise involving an exchange partner. The stolen amount and affected exchange have not been disclosed. ZIL prices fell by 9% as a result. Zilliqa is investigating the incident and will provide updates.

BitMine Immersion Technologies added 7,430 ETH to its treasury, totaling nearly 5.78 million tokens. The company aims to own 5% of Ethereum’s supply. Most of its ETH holdings are staked, generating revenue. BitMine also repurchased shares and holds investments outside Ethereum, valuing its total portfolio at $11.5 billion.

Strategy raised $263.5 million through MSTR sales while maintaining its Bitcoin holdings. Its U.S. dollar reserve is now at $3.225 billion. Investors are still debating STRC valuation as shares trade below par. Strategy continues to focus on common stock sales for liquidity, with no immediate plans for further Bitcoin sales.

Former New York Governor Andrew Cuomo has joined the board of cryptocurrency exchange OKX to help with U.S. expansion and strengthen ties with traditional financial institutions. Cuomo had been advising OKX since 2023 on regulatory strategy. His appointment formalizes an existing relationship and will involve co-chairing a tokenization venture with ICE.

Hut 8 and IREN announced billions of dollars in new artificial intelligence infrastructure deals, with Hut 8 securing a $9.8 billion lease at its Beacon Point AI data center and IREN adding $2.8 billion in contracts. Both companies, rooted in Bitcoin mining, are expanding their presence in data centers and cloud computing markets.

The U.S. Securities and Exchange Commission has sued Mining Automatic and its owner, Zan Shaikh, for allegedly raising $22 million from over 380 investors through a fraudulent crypto mining operation. The SEC alleges that only 13% of investor funds were used for the claimed mining operation, with the rest spent on marketing and personal expenses.

Crypto startups raised $1.2 billion in July, despite a decline in DeFi investment. Coinbase Ventures was the top investor, with exchanges, prediction markets, payments, and AI receiving major funding. DeFi funding has fallen for three straight quarters, reaching its lowest level since late 2023, while other sectors continue to attract capital.