Bitcoin Price Drop Tied to Derivatives Stress
Elon Musk announces @X’s payment system, X Money, will enter external beta in 1–2 months after internal testing, aiming to integrate financial transactions on the platform. #Update #Fintech
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Elon Musk announces @X’s payment system, X Money, will enter external beta in 1–2 months after internal testing, aiming to integrate financial transactions on the platform. #Update #Fintech
JPMorgan, Citi, and Cantor Fitzgerald cut Coinbase stock targets due to low Bitcoin trading and stablecoin flows but maintain buy ratings. #Update #Market $BTC
The US DOJ orders @Paxful to pay $4M for promoting illegal prostitution and money laundering, highlighting increased scrutiny on crypto platforms. #Breaking #Legal
Bhavin Vaid highlights the importance of risk curators in crypto for pricing efficiency and transparency, emphasizing lessons from DeFi failures to shape future investment products. #Update #Crypto
@CashApp eliminates fees on Bitcoin purchases over $2,000 and recurring buys to enhance Bitcoin usability. Withdrawal limits are increased, supporting larger transactions. #Update #Crypto $BTC
BlackRock launches tokenized treasury fund on Uniswap in collaboration with Securitize, marking its entry into DeFi. Trading limited to qualified purchasers initially. #Update #DeFi
Binance and Franklin Templeton launch a program for institutions to use tokenized money funds as collateral on Binance, enhancing capital efficiency. #Update #Finance
Mrinank Sharma resigns from @Anthropic citing ethical concerns in AI safety, plans to pursue writing and coaching. His departure highlights growing scrutiny of AI ethics. #Update #AI
Goldman Sachs disclosed $260M in Solana and XRP ETFs, marking its first crypto positions beyond Bitcoin and Ethereum. XRP holdings were $152M, with concentrated Solana exposure. #Update #Crypto
Robinhood has activated its public testnet for Robinhood Chain, an Ethereum layer 2 network to support onchain financial infrastructure, using Arbitrum’s technology.
LayerZero Labs, led by Bryan Pellegrino, unveils a storage layer achieving 3 million updates per second, potentially revolutionizing blockchain scalability and efficiency. #Update #Blockchain
LayerZero Labs launched Zero blockchain with backing from Citadel Securities and ARK Invest, introducing a multi-core world computer for institutional financial markets. #Update #Blockchain
Sam Bankman-Fried seeks a new trial in his FTX fraud case, citing constitutional violations. Filed pro se from prison, the motion is separate from his ongoing appeal. #Update #Legal
Braden Karony, ex-CEO of @SafeMoon, sentenced to 100 months for crypto fraud involving $9M misappropriation and manipulative trading. Conviction highlights meme coin exploitation. #Breaking #Legal