In brief BitMine added another $92 million in ETH a week after completing its preferred equity offering. The firm now holds more than 4.7% of the ETH circulating supply and is 94% of the way to its goal of 5% of the circulating supply. Shares of BMNR are a touch higher in early trading on…
STORY: Wall Street’s main indexes closed mostly lower on Monday, with the exception of the Dow, which gained just under a third of a percent. The S&P 500 shed more than a third of a percent, while the Nasdaq dropped over 1.3%. Shares of Elon Musk’s SpaceX weighed heavily on the Nasdaq, plummeting more than…
Key Takeaways Federal departments must shift sensitive systems to quantum-resistant cryptographic standards. New requirements assign agency leads, inventories, planning duties, and oversight responsibilities. Broader implementation could affect contractors, infrastructure operators, and international cybersecurity coordination. Agencies Face 2030 and 2031 Deadlines for Sensitive Federal Systems President Donald Trump ordered federal agencies to move high-value assets and…
The Bank of England (BoE) published a policy statement and draft rules for systemic stablecoins on Monday, outlining how regulated British pound-backed stablecoins would operate in the United Kingdom. The BoE defines systemic stablecoins as those that are widely used in payments and may pose risks to the UK’s financial stability. HM Treasury is responsible…
The Bank of England has removed the biggest usability objection from its sterling stablecoin plan, but it has kept a ceiling on how large any single systemic pound token can become. In a June 22 policy statement and draft Code of Practice, the central bank removed proposed holding limits for individuals and businesses, raised the…
In brief Google is investing about $75 million in A24 through a new AI research partnership. The companies plan to develop tools for film production and distribution rather than AI-generated movies. The deal comes as Hollywood continues debating the role of generative AI in filmmaking. Google is investing approximately $75 million in independent film studio…
The U.S. peace deal with Iran remains delicate, but investors seem to be too busy selling artificial intelligence stocks to notice. Iran war peace talks were fraught over the weekend—President Donald Trump threatened to restart the conflict and there was ongoing violence in Lebanon. With Wall Street largely optimistic that an end to hostilities will…
Key Takeaways Futures exposure fell faster than BTC, signaling a broad reduction in leveraged trading. Lower Open Interest may support a more stable bitcoin market structure for traders. Spot demand could become more important if BTC rises without heavy futures growth. Leverage Reset Shifts Focus to Spot Demand Bitcoin’s futures market has undergone a sharp…
Michael Saylor’s Strategy has expanded its Bitcoin holdings and increased its US dollar reserve after its perpetual preferred stock STRC slipped below $90. Strategy acquired 520 Bitcoin (BTC) for $34.9 million between June 15 and Sunday, according to a Monday 8-K filing with the US Securities and Exchange Commission. The purchase was made at an…
In brief NYSE owner Intercontinental Exchange is forming a joint venture with crypto exchange OKX. The pair will work together to advance infrastructure for tokenization. Earlier this year ICE invested in OKX at a $25 billion valuation. NYSE owner Intercontinental Exchange (ICE) and the firm behind centralized crypto exchange OKX are forming a joint venture…
