Mercado Bitcoin pledges to cover all user losses after near $40 million hack
Partners like Tether, Circle, and Chainalysis helped freeze $11M of the stolen assets.
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Bitmine buys more ETH, repurchases $46 million in shares as Tom Lee sees crypto holding up
The comparison follows weeks of pressure on AI-related stocks amid concerns about spending on data centers and the returns those investments might bring. Lee pointed to crypto’s smaller decline as a sign of strength, though it doesn’t rule out further losses. Bitmine keeps buying ETH,… Read More
Franklin Templeton adds $150 million of money-market shares to XRP Ledger
Two batches of just over 72,184,793 shares followed at 02:58 and 04:13 UTC Thursday, each carrying a matching receipt code and a $1.039 share price. The receipts leave the investors, funding source and any connection to existing holdings on Stellar, the other blockchain the fund… Read More
Central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
Coinbase Ireland was hit with a 3.25 million-euro ($3.6 million) fine from the country’s central bank over alleged breaches of its safeguarding and outsourcing obligations. The Irish division of cryptocurrency exchange Coinbase Global COIN$169.96 failed to establish an adequate outsourcing governance framework, the Central Bank… Read More
How a16z-backed DATA is rethinking its blockchain strategy after $30 million Sui deal
Muttoni did not disclose how much of Story’s original $140 million in funding remains, but said its existing investors, including a16z crypto, are still involved. Now, Muttoni is positioning the new focus as a continuation of the first rebrand rather than another change in direction.… Read More
Chip-stock bets lost $52 million in 10 minutes with Wall Street shut
The selling started on Binance, according to a review of the trades by David Jeong, chief executive of trading firm Tread.fi, who placed the first large SanDisk and Micron sell orders on Binance at 21:21:59 UTC. Less than a second later, orders hit Hyperliquid, a… Read More