Druckenmiller Bets $88m on Bitdeer and Hyperliquid Strategies
Key TakeawaysStanley Druckenmiller pivoted to digital assets, acquiring a $64.7M stake in crypto miner Bitdeer in Q2.He also bought $23.1M...
Business
Treasury Boss Targets Bond Yields
Key TakeawaysBessent said Treasury buybacks could exceed $4 billion per operation.Bitcoin stands above $72,000 per unit Aug. 20 as long-term...
BitMart Account Demands Founder Explain Funds, Xia Calls Post Fake
BitMart’s official Chinese-language X account has publicly demanded that founder Sheldon Xia explain the whereabouts of user funds and produce...
MoonPay Adds Cash App Pay for Crypto Purchases in US
MoonPay has integrated Cash App Pay as a payment option for cryptocurrency purchases, allowing eligible US customers to fund transactions...
Strategy raises $334M through stock sales but buys no Bitcoin
Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion....
The Great Long-Bond Selloff Forces a Brutal Fiscal Reckoning
Key TakeawaysFrance’s 30-year OAT yield neared 4.85%, its highest range since the 2008 crisis.U.S. 30-year Treasury yields reached 5.22%, lifting...
RedotPay US IPO Faces Delay Amid Regulatory, Legal Hurdles: Report
RedotPay’s plans for a US stock market debut have reportedly been delayed as the stablecoin payment company prepares to expand...
Gemini posts $108M Q2 net loss despite 37% revenue growth
Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped...
Copper US arm becomes FINRA member, SEC-registered broker-dealer
Copper Markets US will offer qualified custody, staking, financing and OTC services after securing its regulated US presence. Source link
BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B
An $18.8 million unrealized digital asset loss and weaker trading margins pushed BitGo into the red in the second quarter....
Gold Hits 2-Month High Above $4,400 as China Keeps Hoarding
Key TakeawaysGold crossed $4,400 on Aug. 11 before spot prices eased to $4,378.50 by noon EDT.China’s PBOC added 20 tonnes...
Bitdeer increased Bitcoin mining output by nearly fivefold in Q2
Bitdeer mined 2,694 BTC in Q2, but ended the quarter holding just 150 BTC after liquidating its treasury earlier this...
Germany Mulls Bitcoin Critic Nagel’s Bid for ECB Presidency
Key TakeawaysGermany could back Bundesbank President Joachim Nagel to succeed ECB President Lagarde if she resigns early.Despite stiff competition, Germany’s...
MARA Pledges 18,750 BTC for $600 Million New Bitcoin-Backed Loans
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The...
Blockchain.com wins Cayman custody license after MiCA and FCA approvals
Blockchain.com secured a VASP custody license from the Cayman Islands Monetary Authority, expanding its regulated crypto services in the region....
Step App winds down after four years as FITFI token sinks
Move-to-earn project Step App will wind down services by Aug. 21 after four years, while its FITFI token trades 99.9%...
Binance Affiliates Sue RedotPay Over User Diversion Claims
Binance-affiliated companies have sued the founders of Hong Kong-based cryptocurrency payments company RedotPay, alleging it diverted more than 470,000 users...
Boerse Stuttgart Digital, Tradias Complete European Crypto Merger
Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure,...
Nigeria Sets Crypto Tax Rules for Digital Asset Platforms
Nigeria’s revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including...
Japan, US Plot Yen Rescue as Speculators Face Reckoning
Key TakeawaysJapan and the U.S. may unveil a joint yen policy next week, Kyodo News and CNBC reports.Japan sold up...
Citadel Buys Situational Awareness Stocks After July AI Market Rout: Reports
Ken Griffin’s Citadel reportedly bought a large proportion of the public stock portfolio of Situational Awareness, the hedge fund founded...
Central Bank Gold Purchases Jump 62% to 288.9 Tonnes in Q2
Key TakeawaysCentral bank gold demand hit a Q2 record of 289 tonnes, rebounding sharply from a weak Q1.Poland led purchases...
