Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported second-quarter net loss of $280 million, on Thursday, compared to $108.3 million for the equivalent period a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization came in at $29.5 million, more than… Read More
Futures positioning has rebuilt to levels last seen when dogecoin traded at three times today’s price, and more than three accounts are betting on a rebound for every one betting against.
Unlike denials (as received by Wise and Bunq) a return doesn’t come with a detailed explanation. The company didn’t publicly disclose the development when it happened, as it had with the submission of its application. And Zerohash hadn’t voluntarily withdrawn the filing, as was its… Read More
Privacy has emerged as a key barrier to bringing more financial activity onchain. Public blockchains expose transaction histories, balances and counterparties by default, a level of transparency that is difficult to reconcile with how businesses and financial institutions operate. Trading firms don’t want to reveal… Read More
Metaplanet shifted 3,881 BTC, worth about $247 million, across several transactions over three hours on Wednesday, per Arkham data. The move went from the company’s cold wallets to new addresses it also controls, not to an exchange. Transfers to fresh self-custody wallets don’t add to… Read More
Bitcoin BTC$63,691.08 barely budged on Tuesday, extending a five-week standstill as steady demand from exchange-traded funds ran into selling from miners and corporate holders. BTC slipped to around $63,500, down 0.6% over the past 24 hours. More importantly, the largest cryptocurrency remained trapped in the… Read More
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