Binance, Kraken Lead Usual’s $10M Funding
Usual, a decentralized real-world asset (RWA)-backed stablecoin issuer, announced it has raised $10 million in a Series A funding round led by Binance Labs and Kraken Ventures. The funding, revealed via X on December 23, included contributions from prominent venture capital firms such as Galaxy Digital, OKX Ventures, Wintermute, and Amber Group. The funds will […]
MicroStrategy Adds $561M in Bitcoin
MicroStrategy, the largest corporate Bitcoin holder, announced Monday that it purchased an additional 5,200 BTC for $561 million. Funded by proceeds from selling 1.3 million shares, this marks the seventh consecutive week of Bitcoin acquisitions, solidifying the company’s aggressive crypto investment strategy. With this latest purchase, MicroStrategy’s Bitcoin treasury now totals 444,262 BTC, valued at […]
CyberKongz Fights SEC Wells Notice
On December 16, the gaming-based NFT project CyberKongz announced it had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice highlights concerns about the platform’s integration of its ERC-20 token with blockchain games and scrutinizes its 2021 Genesis Kongz contract migration. CyberKongz, a prominent player in the Web3 gaming ecosystem, […]
Fed Signals Rattle Crypto, Bitcoin Falls Below $97K
The cryptocurrency market faced significant losses following Federal Reserve Chair Jerome Powell’s remarks on Wednesday. Bitcoin (BTC) fell to $96,493, erasing much of its post-election rally. Altcoins also retraced, with some dipping to levels seen before the November 5 U.S. election results. Powell’s cautious tone rattled investors, signaling that the Fed’s stance on rate cuts […]
Tornado Cash Co-Founder Seeks Charges Dropped
Roman Storm, co-founder of Tornado Cash, is seeking dismissal of charges against him following a key ruling by the Fifth Circuit Court. Storm’s legal team argues that the Treasury’s Office of Foreign Assets Control (OFAC) overstepped by sanctioning immutable smart contracts. The ruling clarified that autonomous software cannot be classified as “property,” as no individual […]
Craig Wright Found in Contempt Over Bitcoin Claims
Craig Wright, the Australian computer scientist who has long falsely claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has been found in contempt of court by a London judge. The ruling comes after Wright breached multiple court orders following his defeat in a critical lawsuit brought by the Cryptocurrency Open Patent Alliance (COPA). […]
Donald Trump’s Onchain Footprint Nears $84M in Crypto Revenue
While Donald Trump himself isn’t likely signing transactions on Polygon or Ethereum, his crypto projects are thriving and positioning him as “The First Onchain President.” Analyzing Trump’s NFT collections and his upcoming DeFi platform World Liberty Financial, Trump’s onchain footprint has amassed nearly $84 million in crypto revenue over the past two years. NFT Revenue: […]
Senate Cancels Vote on SEC’s Caroline Crenshaw
The Senate Banking Committee has canceled its scheduled vote on the reappointment of SEC Commissioner Caroline Crenshaw, a notable critic of Bitcoin and other digital assets. The decision, first reported by FOX Business journalist Eleanor Terrett, deals a blow to Crenshaw’s future prospects, as Congress adjourns on December 20. Crenshaw, known for her anti-crypto stance […]
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