Bitcoin Depot Files Chapter 11 and Shuts Down 9,000 Bitcoin ATMs
Bitcoin Depot filed for Chapter 11 and shut down its network of about 9,000 bitcoin ATMs. The company cited tighter state enforcement and...
Business
Fenwick Sued for $525M Over Alleged FTX Role
Fenwick faces a $525 million suit over its alleged role in FTX’s collapse.
Lawyer Behind Arbitrum Seizure Fight Now Targets Tether for $344M in Frozen USDT
Tether is facing a court push to move about $344 million in frozen USDT tied to two Tron addresses linked by OFAC to Iran’s central bank...
Strive to Make SATA Preferred Stock the First U.S.-Listed Security Paying Daily Cash Dividends
Strive's SATA becomes the first U.S.-listed security paying daily cash dividends from June 16, lifting the effective annual yield to 13.88%.
Gemini Shares Surge 30% After-Hours on 42% Revenue Growth and First Prediction Market Metrics
Gemini shares jumped 30% after hours on 42% revenue growth and its first prediction market metrics since launching the product in December.
Metaplanet Posts $725 Million Q1 Net Loss as Bitcoin Price Decline Triggers Valuation Hit
Metaplanet posted a ¥114.5B Q1 net loss after Bitcoin's 22% decline triggered mark-to-market losses, even as holdings grew to 40,177 BTC.
Cohen-Pavon Avoids Prison in Celsius Case
Celsius ex-exec faces a $1.07 million forfeiture ahead of sentencing.
NY Judge Delays Aave Bid to Unlock $71M in ETH
Aave’s bid to unfreeze $71 million in Kelp-linked ETH was delayed by a New York judge.
CFTC Backs Kalshi in Ohio Appeal
Kalshi got CFTC backing in its Ohio appeals fight over prediction markets.
J.P. Morgan Files for Second Tokenized Money Market Fund on Ethereum
J.P. Morgan filed for a second tokenized money market fund on Ethereum, JLTXX, designed to qualify as a stablecoin reserve asset under the...
Strategy Buys 535 BTC After One-Week Pause
Strategy bought 535 BTC for $43 million, lifting holdings to 818,869 BTC.
Aave and Arbitrum Launch Binding On-Chain Vote to Transfer $71 Million in Frozen ETH
Aave LLC and Arbitrum have launched a binding on-chain vote to transfer 30,765 ETH frozen after the Kelp DAO exploit.
Saylor Says Strategy Would Buy 10 to 20 Bitcoin for Every One It Sells
Strategy Chairman Michael Saylor said the company would remain a net bitcoin buyer, purchasing 10 to 20 BTC for every 1 BTC it sells....
Coinbase Blames AWS for Multi-Hour Outage as Layoffs Follow Weak Earnings
Coinbase blamed multi-zone AWS failures in Virginia for a multi-hour outage that disrupted trading across web and mobile. The incident hit...
CZ Floats Binance.US Revival at Consensus Miami, Pitches BNB Chain as AI Agent Payment Rail
CZ floated a Binance.US revival at Consensus Miami and pitched BNB Chain as payment infrastructure for AI agents, citing improved U.S....
Kalshi Raises $1 Billion at $22 Billion Valuation as Legal Battles Mount Across Multiple States
Kalshi closes a $1B Series F at a $22B valuation, doubling its worth in five months, even as 19 federal lawsuits challenge its event...
Coinbase Posts Surprise Q1 Loss and Misses Revenue Estimates as Crypto Prices Fall
Coinbase posted a surprise Q1 loss and missed revenue estimates as crypto prices fell, while cutting 700 jobs and leaning on derivatives...
J.P. Morgan and Mastercard Complete First Cross-Border Tokenized Treasury Transfer on XRP Ledger
J.P. Morgan, Mastercard, Ripple, and Ondo Finance completed the first cross-border tokenized Treasury redemption on the public XRP Ledger.
Roobet Launches Prediction Markets, Claiming First-Mover Status Among Major Crypto Casinos
Roobet launched integrated prediction markets on May 6, claiming to be the first major crypto casino to offer the format natively.
Iggy Azalea Faces MOTHER Memecoin Lawsuit
Iggy Azalea faces a proposed class lawsuit over the MOTHER memecoin.