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Layoffs Are Approaching 1.2 Million, the Worst Since the 2009 ‘Great Recession’
The data was provided by global outplacement firm Challenger, Gray & Christmas on Thursday, and may partly explain the recent bitcoin downturn. Layoffs Climb to a Grim Milestone: Nearly 1.2 Million…and Counting A Chicago-based outplacement firm quietly announced a rather dire metric that appears to have largely gone unnoticed: American employers have laid off nearly […]
Read MoreParadigm Leads $13.5M Round Backing Crown’s Real-Pegged BRLV Stablecoin
Crown has raised $13.5 million in a Series A round led by Paradigm as the São Paulo fintech expands its institutional stablecoin infrastructure and the circulation of its Brazilian real–pegged token, BRLV. Crown Expands Institutional Stablecoin Push With Paradigm-Led $13.5M Funding In a note shared with Bitcoin.com News, Crown disclosed it raised $13.5 million in […]
Read MoreReport: Ripple Funding Round Offered Investors Protection Against XRP Volatility
Ripple’s successful $500 million strategic funding round that valued the company at $40 billion reportedly included rare and stringent protections for investors. Guaranteed Returns and Put Options According to a Bloomberg report, Ripple’s successful $500 million strategic funding round, which valued the company at $40 billion, included unusual protections for investors. These concessions reportedly gave […]
Read MoreCrypto-to-Fiat Conversion at Checkout Reaches US Retailers via Oobit
Oobit has expanded its crypto payments platform to the United States, enabling Americans to connect self-custody wallets to pay at Visa-supported checkouts worldwide. Oobit Enters U.S. Market, Tapping Bakkt Infrastructure for Nationwide Coverage According to the note shared with Bitcoin.com News, Oobit’s expansion into the United States marks the company’s largest global rollout to date, […]
Read MoreBlackrock’s New Staked Ethereum Trust Targets ETH Yield Exposure
Blackrock has filed for the Ishares Staked Ethereum Trust ETF, pulling institutional finance deeper into Ethereum’s proof-of-stake (PoS) economy just as tens of millions of ETH sit locked in validators generating yield for participants. World’s Largest Asset Manager Steps Into Ethereum Yield Products With Staked ETH ETF Filing Blackrock is taking another swing at ethereum […]
Read MoreSEC Ends Biden Era Probe: Ondo Cleared for Rapid Tokenization Growth
Ondo Finance says a closed SEC probe clears a more confident path for tokenized assets, signaling a pivotal moment for onchain market growth and expanding collaboration between regulators and the digital-asset industry. Tokenized Assets Hit Inflection Point With SEC Stand-Down on Ondo Case Ondo Finance shared on social media platform X on Dec. 8 that […]
Read MoreBinance Suspends Employee for Insider Trading Linked to Social Media Post
Binance suspended an employee after an internal investigation found he misused insider information to post misleading content about a token launch on the company’s official futures account. Details of the Misconduct Binance announced on Dec. 8 that it had suspended an employee accused of using insider information for personal financial gain. The suspension followed an […]
Read MoreETF Flows Recap: Red Week for Bitcoin and Ether, Green for Solana and XRP
A volatile first week of December left bitcoin and ether ETFs in net outflows, while solana and XRP funds bucked the trend with steady gains. Fund-by-fund flows revealed sharp divergences across issuers, with several products enduring heavy single-day swings. Bitcoin and Ether ETFs End Week in the Red as Solana and XRP Shine The first […]
Read More660,624 BTC and Counting: Strategy’s Latest Mega-Buy Sends Crypto Watchers Spinning
On Monday, Dec. 8, following his cryptic hint on Sunday, Strategy founder Michael Saylor announced that his firm acquired another batch of bitcoin bringing its stash up to 660,624 BTC. Strategy just dropped another classic Saylor flex, scooping up 10,624 BTC for about $962.7 million at roughly $90,615 per coin — because apparently “enough bitcoin” […]
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