Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly filing …
Balance
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Markets
Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults
by shayaanby shayaanAn attacker fed the lending system a fake, abnormally low bitcoin price, liquidated vaults that should have been safe, and pocketed the …
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Markets
Kraken Launches Spending Upgrades Enabling Direct Account Balance Card Settlement
by shayaanby shayaanCrypto does not move on one kind of catalyst. Some days it is price, some days it is policy, and some days …
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TL;DR Grayscale’s Head of Research Zach Pandl discussed Strategy’s Bitcoin-heavy capital structure in the context of market confidence. The analyst view suggested …
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Mining
Bitdeer Sells All 218 BTC Mined This Week, Returns to Zero Bitcoin Balance
by shayaanby shayaanNasdaq-listed Bitcoin mining company Bitdeer has confirmed it mined 218.1 $BTC this week and subsequently sold the entire amount during the same …
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Adoption
SpaceX S-1 Filing Reveals 18,712 BTC On Balance Sheet As Social Media Erupts
by shayaanby shayaanSocial feeds lit up Thursday after an S-1 filing from SpaceX, under ticker SPCX, showed the company holds 18,712 BTC on its …
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Markets
Morgan Stanley's Oldenburg: Bitcoin on U.S. bank balance sheets is coming, just not yet
by shayaanby shayaanMorgan Stanley launched the first bank-issued Bitcoin ETP, but Amy Oldenburg said advisors, regulators and balance sheets still have a long way …
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DeFi
Linea’s Native Yield Turns Into Balance Sheet Test, Steakhouse Says in Report
by shayaanby shayaanLinea’s native yield experiment is increasingly being framed not just as a product feature, but as a balance sheet problem. On April …
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Bitcoin miner Bitfarms (BITF) continued its exit from the bitcoin business, confirming it has already begun selling portions of its holdings, with …
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Finance
Luke Gromen: Debt will be repaid in less valuable currency, the US needs to cut a trillion dollars to balance the budget, and parallels to the 2008 financial crisis are emerging
by shayaanby shayaanKey takeaways Debt will continue to be repaid, but the value of the currency used will decrease over time. The economic situation …