Crypto exchange BitMart weighs partial restart and creditor payouts weeks after announcing shutdown
The exchange has hired White & Case as restructuring counsel, with a detailed roadmap expected by Sept. 9.
Weeks
2 weeks left for Clarity: State of Crypto
The crypto industry, naturally, is urging passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, while not passing the bill would mean there are no investor protections. If the bill is to pass the… Read More
Bitcoin whales bought $16.7 billion of BTC in two weeks even as ETFs bled a record $4 billion
Large bitcoin holders bought more than 270,000 bitcoin BTC$62,601.89 ($16.7 billion) over the past two weeks, stepping in as U.S. institutions pulled money out at a record pace. U.S. spot bitcoin exchange-traded funds (ETFs) shed $4.06 billion in June, their worst month since listing, past… Read More
A look at how falling Bitcoin prices, capital structure changes pushed STRC below $83 in just five weeks.
May 26: The company confirmed it had used its cash reserve to finance the bond repurchase. The transaction had reduced the fund to $871 million. The buyback reduced that reserve to roughly six months of STRC dividend coverage. The company had previously said the plan… Read More
Bitcoin at $68,000 as majors see strongest bounce in weeks
Bitcoin came within touching distance of $70,000 on Wednesday before pulling back to around $68,300 in Thursday morning trading, a nearly 5% swing from the session high to the overnight low of $67,700. The move marks the strongest attempt to reclaim the $70,000 level since… Read More
Elon Musk’s X to launch crypto and stock trading in ‘couple weeks’
Elon Musk’s social media platform X is set to soon let users trade stocks and cryptocurrencies directly from their timelines as the company pushes deeper into financial services. The upcoming features, described by the company’s head of product, Nikita Bier, will include “Smart Cashtags.” These… Read More