MGT issued about 1.65 billion shares by Aug. 6 as the inactive Bitcoin miner with no operating business reported no revenue for …
Billion
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Markets
Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze
by shayaanby shayaanThe exchange has secured a preliminary injunction freezing stolen assets. www.coindesk.com
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Finance
Hut 8’s $7 billion cash balance shrinks to $233 million outside its AI projects
by shayaanby shayaanHut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly filing …
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Mining
Bitdeer lands $4.7 billion AI lease tied to Anthropic but must deliver by year end
by shayaanby shayaanBitdeer secured a $4.7 billion AI lease but must complete a $500 million build before the contract starts generating revenue. On Aug. …
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Finance
GameStop plans $1.4 billion stock swap as Bitcoin collateral risk emerges
by shayaanby shayaanGameStop has agreed to swap $1.4 billion of zero-coupon convertible notes for stock, a deal that would retire about one-third of its …
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Scams
SEC Bought a Billion Airline Records to Track Travelers—Likely Without a Warrant
by shayaanby shayaanIn brief SEC documents obtained by 404 Media show the agency subscribed to Airlines Reporting Corporation’s Travel Intelligence Program, which held over …
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Markets
New Ethereum proposal would cut issuance to zero if staked ETH reaches $112 billion
by shayaanby shayaanThe EIP-8361 draft proposal calls for burning a rising share of validator rewards as the staking ratio climbs. www.coindesk.com
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Total stablecoin supply topped out near $322.121 billion in mid-May 2026, according to stablecoin market data from defillama.com, before giving back more …
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Smart Contracts
How cross-chain bridges work and why $4 billion has been stolen from them
by shayaanby shayaanBridges move assets between blockchains using lock-and-mint, burn-and-mint, or liquidity pool mechanisms, but their trust assumptions have made them the most exploited …
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Tether posted approximately $1.5 billion in net operating profit during the second quarter of 2026, supported mainly by returns from its US …