Nasdaq-listed firm slumps 50% on BONK memecoin treasury play
Wellness drinks maker Safety Shot has made a bold shift into a memecoin treasury strategy, but shareholders were not impressed.
Steak ‘n Shake thanks Bitcoiners as same-store sales rise 11% in Q2
Steak ‘n Shake attributed Bitcoin as a driver for its 11% quarter-on-quarter sales rise after adopting the cryptocurrency as a payment method in May.
FTX users bolster lawsuit claiming law firm was ‘key’ to FTX fraud
FTX customers say their class complaint against Fenwick & West needs updating with new details from Sam Bankman-Fried’s trial and FTX’s bankruptcy case.
Ether profit taking on the rise as ETH tiptoes near $4.3K
Ether short-term holders are ramping up their profit taking as the price of ETH has climbed 43% in the past month.
Ethereum core dev ‘safe and free’ after being detained in Turkey
Federico Carrone, a privacy-focused Ethereum core developer, confirmed that he has been released after being accused by Turkish authorities of aiding the “misuse” of an Ethereum privacy protocol.
Bitcoin miner MARA to acquire majority stake in Exaion in AI, HPC play
MARA Holding’s expansion into AI and high-performance computing is expected to close in Q4, and comes amid a steep rise in Bitcoin mining difficulty.
Paxos renews push for US bank license as stablecoin rules take shape
Paxos has reapplied for a US national trust bank charter after its 2021 conditional approval expired.
GENIUS ban won’t stop institutions from seeking stablecoin yield — ex-Standard Chartered exec
The US GENIUS Act may boost stablecoin adoption, but its ban on yield-bearing stablecoins could drive trillions into tokenized real-world assets.
Do Kwon to change plea in criminal case at Wednesday conference
In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud.
Top US Democrat signals fight over crypto market structure
The US Senate is not scheduled to be in session until Sept. 2, but Senator Elizabeth Warren offered a preview for how she may address the CLARITY Act.