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Fold Holdings, Inc. (NASDAQ: FLD), the bitcoin financial services company behind a suite of consumer rewards products, announced a series of capital transactions designed to eliminate secured debt, strengthen its balance sheet, and fund the next phase of its growth strategy. The company monetized approximately $45 million in bitcoin at an average price of around $71,000 per coin, used $20 million of those proceeds to retire bitcoin-collateralized debt, and directed the remaining $25 million toward growth initiatives across its consumer and enterprise platforms. The moves leave Fold debt-free on the secured side while preserving a bitcoin treasury of approximately 1,492…
In brief Fold Holdings sold ~$45M in Bitcoin, used $20M to wipe out all secured debt and redirected the remaining $25M toward growth. The debt-free balance sheet is intended to accelerate expansion of its Bitcoin rewards credit card and support new product launches. The moves also eliminate monthly interest payments, improving cash flow for a company that posted a 21% revenue decline in Q1 2026. Fold Holdings, the Phoenix-based fintech company that lets consumers earn and spend Bitcoin through everyday financial products, announced Wednesday it has eliminated all of its secured debt and freed up $25 million in fresh capital…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Mastercard has launched Agent Pay for AI, a new protocol designed to enable artificial intelligence agents to pay each other and send micropayments — storing the permissions that humans grant their AI agents on Polygon, a blockchain network built on top of Ethereum, according to an exclusive report by Fortune published June 10. Related Reading: Trump’s Crypto Deals May Have Increased The Family Fortune By $2 Billion—At Investors’ Expense The protocol is built around a specific use case that existing payment infrastructure handles poorly: small, automated, machine-to-machine…
In brief Bitcoin, Ethereum, and XRP investors have suffered heavy losses as the crypto market tumbles, with over 8 million BTC underwater. During these capitulation phases, “future winners separate themselves from the field,” Decrypt was told. Sentiment remains bearish with Myriad users giving Bitcoin’s $55,000 retest a 75% chance. The crypto market’s 2026 drawdown, driven by Bitcoin’s lackluster performance, has weighed heavily on most altcoins—borne out by on-chain data.Nearly half of Bitcoin’s circulating supply was in profit at the cycle peak. That has dropped sharply, with over 8 million BTC sitting underwater, “highlighting the scale of the recent market reset,” Glassnode…
In brief Stellar developers have unveiled a three-stage migration plan to quantum-safe cryptography ahead of the looming “Q-Day” threat. Enterprise wallets can begin migrating in 2026, with all accounts able to upgrade by end of 2027 without changing their addresses. The biggest open question is what to do with dormant accounts whose holders can no longer be reached. The Stellar Development Foundation on Tuesday unveiled a sweeping three-stage roadmap to protect its blockchain network from the coming threat of quantum computing. The move underscores growing alarm about a technological shift that experts warn could eventually unravel the cryptographic foundations securing…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new investigation by Reuters alleges that the Trump family has generated $2.3 billion from its four main crypto ventures, while investors in those projects have absorbed losses of a similar magnitude, amounting to roughly $2.3 billion, including paper losses, by the end of April. World Liberty Sales The investigation describes World Liberty Financial’s token fundraising as the largest component of the Trump family’s alleged crypto windfall. World Liberty has disclosed raising $1.4 billion by selling 30 billion WLFI tokens, which Reuters says yielded roughly $987 million…
The social media giant Meta has disclosed a data breach to government regulators, noting that bad actors gained access to up to 20,225 accounts. Meta notes the exploit happened in April and involved “High Touch Support,” Instagram’s AI-assisted account recovery system, per a letter to the Office of the Maine Attorney General. Amber Hannah, Meta’s associate general counsel, says unauthorized third parties hijacked the tool to gain access to people’s accounts. “The tool itself worked properly and functioned as intended; however, due to a bug in a separate code path, the system did not properly verify that the email address…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Market experts note that Bitcoin (BTC) is currently showing a strange mix of strength and weakness, with transaction activity climbing toward record levels even as its price continues to fall. At the moment, the market is under severe bearish pressure, yet on-chain data suggests a major shift could be underway. If this bullish trend continues, the key question remains whether it could help support a Bitcoin price recovery and prevent further downtrends. Bitcoin High Transaction Count To Hit Record Levels Soon Bitcoin is seeing an unusual spike…
In brief A House hearing exposed divisions over six GOP crypto tax bills. Democrats questioned exempting staking and mining rewards from taxable income, arguing it could favor crypto over traditional investments. Industry leaders pushed for a broader tax exemption on everyday crypto payments. A House hearing on six crypto tax bills revealed a lack of bipartisan consensus on the subject Tuesday, with industry leaders pushing to expand the legislation—and Democrats questioning whether the entire process should be slowed down significantly.Unspoken at the proceedings, but playing a major role behind the scenes, is the likelihood that Democrats will retake the House…
In brief Active-duty U.S. Army soldier Gannon Ken Van Dyke is now scheduled for a December trial in Manhattan. Van Dyke allegedly abused classified military intelligence regarding Venezuelan President Nicolás Maduro’s capture. Van Dyke, who pleaded not guilty to five federal charges in April, is accused of insider trading on Polymarket. A tentative trial date was set on Monday in Manhattan for the U.S. Army soldier accused of abusing classified military intelligence to place winning wagers on Polymarket.Gannon Ken Van Dyke, the 38-year-old who pleaded not guilty in April to five federal crimes including commodities fraud, is set to face…
Circle has launched cirBTC on Ethereum, but the larger play is to make wrapped Bitcoin look like collateral infrastructure institutions can route through DeFi, OTC desks, lending markets, treasury systems, market makers, and settlement flows.cirBTC is live on Ethereum and backed 1:1 by native BTC, according to Circle’s launch materials. The company says the underlying Bitcoin is held through a Circle entity, segregated from corporate assets, and designed for onchain reserve visibility.The product also sits inside Circle’s existing stack. Circle is positioning cirBTC around Circle Mint, USDC workflows, Ethereum DeFi, and planned support for Arc and other chains.This moves wrapped…
In brief A 47-year old man from the Seattle area helped defraud investors of nearly $100 million, prosecutors said. Victims thought they were investing in oil and gas, but funds were quickly transferred to bank accounts or crypto exchanges and never returned. For his role in laundering funds tied to the scheme, Geoffrey K. Auyeung was sentenced to five years in prison. Geoffrey K. Auyeung, a 47-year old man from the Seattle, Washington area, was sentenced to five years in prison on charges of conspiracy to commit money laundering for his role in a crypto fraud scheme that defrauded victims…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite a brief bounce, Bitcoin is still struggling with heightened volatility, capping every upward attempt and keeping its price below the $65,000 mark. In this unfavorable market environment, the flagship asset may be entering a crucial phase as leverage steadily dries up across the market. Moderate Leverage Turning Up On The Bitcoin Market Bitcoin is seeing persistent bearish pressure, but a report shows that the market just made a major shift that could play a role in its short-term trajectory. As volatility builds, the BTC market seems…