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H100 Group shareholders cast their votes in Stockholm on Tuesday, giving the company’s board authority to close acquisitions of two Norwegian bitcoin treasury firms — a deal that would take the company’s holdings from 1,051 BTC to around 3,500 BTC and rank it second among Europe’s listed bitcoin treasury companies. The annual general meeting was the decisive checkpoint for H100’s binding share purchase agreements with Moonshot AS and Never Say Die AS. The two Norwegian companies hold a combined 2,450 BTC. Under the deal’s structure, existing H100 shareholders retain 30% of the merged entity, with the sellers taking 70%. Adam…
In brief Bitcoin fell in sympathy with tech stocks on Tuesday, hitting a two-week low as investors appeared to fixate on expectations of rate hikes. The weakness follows a frenetic rally in tech stocks; however, names attached to the AI boom were set to drag the Nasdaq lower. Hashdex’s Gerry O’Shea pointed to the Clarity Act and further de-escalation on the Middle East as potential market catalysts. The price of Bitcoin and other cryptocurrencies fell in sympathy with tech stocks on Tuesday, indicating that investors’ appetite for risk is shifting across the board.The leading digital asset by market cap tested…
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, and crypto exchange OKX have launched a joint venture that will operate as a US-regulated broker dealer and futures commission merchant. Former New York Governor Andrew Cuomo will co-chair the venture. The venture will let OKX’s US and international customers access ICE futures contracts and the New York Stock Exchange’s planned tokenized equities markets. Cuomo will share the chair role with Trabue Bland, ICE’s senior vice president of futures exchanges. He has advised OKX on policy matters since 2022, including during the exchange’s $504 million settlement with the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR CoinGlass liquidation data is the key reference for the current leverage flush. Bitcoin’s move below short-term support has increased attention on the $60,000 to $61,000 zone. Liquidations show where forced positioning is being cleared, not where price must move next. Bitcoin’s latest leverage reset has put the $60,000 support area back in focus, with traders watching whether forced liquidations are clearing the way for stabilization or warning of deeper weakness. Why This Crypto Story Matters Now The key point is that this is not just…
In brief Thailand’s Department of Special Investigation has widened a probe into a “grey Chinese capital” network that allegedly used illegal crypto mining to launder more than 10 billion baht, about $300 million, a year. Investigators have seized over 6,390 mining rigs, pegged power theft from the state utility at more than 953 million baht ($29 million), and issued eight arrest warrants, four for Chinese financiers and four for Myanmar nationals. The DSI says the mining fronted laundering of proceeds from call-center scams and online gambling, with couriers pulling 30 to 50 million baht a day from Thai banks. Thailand’s…
In brief The U.S. Senate passed the 21st Century ROAD to Housing Act 85-5 on Monday night, sending the bipartisan bill toward a quick House vote. Tucked inside is a provision barring the Federal Reserve from issuing a central bank digital currency through the end of 2030, with a carve-out for private stablecoins. There is no active U.S. CBDC project, and both Fed Chair Kevin Warsh and President Trump have come out against one. A U.S. freeze on a government-run digital dollar is suddenly close to becoming law, carried there by an unrelated housing bill.The U.S. Senate on Monday night…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Cboe lists Bitcoin and Ether continuous futures designed to provide perpetual-style exposure. The products are cash-settled and aimed at reducing the need to roll futures positions regularly. The market theme is the onshoring of crypto derivatives demand that has historically lived offshore. Cboe’s Bitcoin and Ether continuous futures are keeping the U.S. regulated derivatives market in focus as Wall Street experiments with perpetual-style crypto exposure inside domestic market structures. Why This Crypto Story Matters Now The key point is that this is not just another…
South Korea’s benchmark KOSPI stock index plunged nearly 10% today, triggering a market-wide trading halt one day after the country’s top financial regulator acknowledged that authorities had rushed the approval of leveraged funds tied to its two largest chipmakers.According to reports, the KOSPI closed down 9.99% at 8,203.84, its steepest decline since March 4. Samsung Electronics and SK Hynix lost more than 12% each as overseas investors retreated from the semiconductor shares that had driven South Korea to the top of global equity-market rankings.South Korea KOSPI CrashBitcoin fell alongside the retreat in risk assets, dropping as much as $1,500 within…
In brief Google is investing about $75 million in A24 through a new AI research partnership. The companies plan to develop tools for film production and distribution rather than AI-generated movies. The deal comes as Hollywood continues debating the role of generative AI in filmmaking. Google is investing approximately $75 million in independent film studio A24 as part of a new artificial intelligence research joint initiative, according to a report by the Wall Street Journal.According to the Wall Street Journal, Google’s DeepMind division and A24 will collaborate on tools for film production and distribution, marking the first time Google has…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR CZ discussed Hyperliquid’s no-KYC model on Galaxy Brains. He said the platform has found a niche that Binance cannot easily compete in. The comments underline the tension between decentralized derivatives growth and compliance pressure. Binance founder Changpeng Zhao has put Hyperliquid back in the spotlight after discussing the decentralized derivatives platform’s no-KYC model and the niche it has carved out away from major centralized exchanges. Why This Crypto Story Matters Now The key point is that this is not just another headline drifting through the…