Canaan Faces $12M Q3 Loss Amid Bitcoin Surge
Canaan, a bitcoin miner maker, reported a $12.7 million net loss in Q3, despite a 30% bitcoin price surge. Revenue and sales dropped significantly.
Source: theblock.co —
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Agora CEO Criticizes Anchorage's Stablecoin Safety Matrix
Agora CEO Nick van Eck criticizes Anchorage's stablecoin safety matrix, alleging bias and retaliatory actions. This raises questions about industry integrity.
Source: theblock.co —
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Bakkt Plans $1 Billion Fundraise for Bitcoin
Bakkt aims to raise $1 billion to fund a Bitcoin acquisition strategy, enhancing its crypto treasury and expanding its market presence.
Source: theblock.co —
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Coinbase Stock Reaches New Closing High
Coinbase stock has hit a new all-time closing high, soaring 40% over the past month due to strong partnerships and favorable market conditions.
Source: theblock.co —
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Jarsy Launches Tokenized Private Equity Platform
Jarsy has emerged from stealth mode, launching a platform for retail investors to access tokenized shares of private companies, backed by Breyer Capital.
Source: theblock.co —
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Kraken Launches Cross-Border Payments App Krak
Kraken has released a new app, Krak, aiming to rival payment giants by offering free global transactions and attractive crypto rewards.
Source: theblock.co —
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CoreWeave's Second Bid for Core Scientific
CoreWeave has made another attempt to acquire Bitcoin miner Core Scientific after a previous offer was rejected. The terms of the new bid are still unknown.
Source: theblock.co —
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WLFI Tokens Sold for $100M to UAE Fund
Aqua1, a UAE-based fund, has purchased $100 million in WLFI tokens from World Liberty. The project, supported by Trump, aims to expand its crypto reach.
Source: theblock.co —
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US Targets September for Crypto Legislation
US lawmakers and the White House are striving to pass comprehensive cryptocurrency industry legislation by September. Key bills focus on stablecoin regulation and market structure.
Source: theblock.co —
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Bitwise Dogecoin, Aptos ETFs Update: Key Changes
Bitwise updates its ETF filings for Dogecoin and Aptos, introducing in-kind redemptions, marking a significant move in crypto fund management.
Source: theblock.co —
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Coinbase Launches US Perpetual Futures July 21
Coinbase Derivatives will launch US perpetual-style futures contracts for Bitcoin and Ethereum on July 21, providing a regulated alternative to offshore trading.
Source: theblock.co —
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Ripple Integrates Wormhole for Enhanced XRPL Interoperability
Ripple has integrated Wormhole to enhance XRPL's interoperability, allowing for seamless cross-chain messaging and asset transfers.
Source: theblock.co —
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Judge Keeps Injunction for Ripple and SEC
A New York judge declined to lift an injunction against Ripple, maintaining significant fines. This ongoing SEC legal dispute highlights regulatory challenges.
Source: theblock.co —
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Galaxy Asset Management Raises $175M for Crypto Fund
Galaxy Asset Management has raised $175 million for its first venture fund to invest in early-stage blockchain companies. This fund aims to support innovations in digital assets.
Source: theblock.co —
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Bitcoin ETF Inflows Near $4 Billion Amid Dollar Decline
Bitcoin ETFs have seen nearly $4 billion in inflows over 12 days as the dollar weakens, boosting BTC prices. Institutional interest continues to grow.
Source: theblock.co —
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