by Michael
Key TakeawaysEvernorth now expects its merger to close Friday, Oct. 9.Nasdaq trading for the combined company is targeted for Oct. 12.Approximately 473 million XRP are anticipated at completion. Administrative Delay Moves Evernorth’s Nasdaq Target Investors awaiting... 
by Michael
Key TakeawaysWallets managed by the U.S. Marshals, a DOJ agency, moved 833.6 BTC worth $71M, their first bitcoin transfer since Aug. 26.Coinbase Prime entered the picture as government wallets tested BTC transfers tied to 2 major cases.Uncle Sam still sits on a hefty... 
by Michael
Key TakeawaysJudge Martha Pacold found Kalshi’s title-game contracts are likely swaps under the Commodity Exchange Act.Illinois’ licensing rules and a related criminal provision are likely preempted and cannot be enforced. Judge Says a Swap Is a Swap Kalshi has won a... 
by Michael
Key TakeawaysConduit says Tether froze $2.76M in USDT without a police request.Tether faces six claims as Conduit fights to regain its working capital.Conduit wants its $2.76M unfrozen plus profits tied to Tether’s reserves. Conduit Technology has taken the stablecoin... 
by Michael
Key TakeawaysWinklevoss Asset Services filed an SEC S-1 on Oct. 6 to launch a spot zcash ETF under the ticker WINK.The fund directly challenges Grayscale’s zcash product, expanding institutional access to privacy coins.Winklevoss Capital plans to buy up to $100M in... 
by Michael
Key TakeawaysFortitude signed for up to $100M of Bitmain zcash miners, with shipments targeted for Q2 2027.The deal signals a major non-bitcoin mining bet and could expand the Zcash network’s proof-of-work infrastructure.Fortitude’s next step is turning the... 
by Michael
Key TakeawaysExcluding the five top days reduces bitcoin’s three-year return to 95%.Removing the 10 strongest sessions leaves a cumulative gain of 27%.Grayscale favors consistent exposure over trying to time rallies. Just 15 Days Separate Bitcoin’s Gain From a Loss... 
by Michael
Key TakeawaysBitcoin twice topped $86,000 on Tuesday following CFTC regulatory news, reaching a peak of $86,450.Market capitalization sits near $1.72 trillion, while bitcoin position liquidations plunged to about $30 million.Bitfinex analysts expect bitcoin to trade... 
by Michael
Key TakeawaysPolymarket is running Protocol V2 canary markets from Oct. 5 to Oct. 30 before a tentative Nov. 2 switchover.V2 swaps the 2019 Gnosis token framework for one ERC-1155 contract, pUSD collateral, and one router.Regulated U.S. prediction markets did $68.18... 
by Michael
Key TakeawaysBinance led September XRP futures trading with $32.36 billion.Three major exchanges together handled approximately $56.18 billion.Higher futures turnover does not establish fresh capital inflows. September’s XRP Rebound Still Trails Earlier Peaks XRP... 
by Michael
Key TakeawaysOKX secured new strategic backing at a $25B valuation from Ripple, Circle, SC Ventures, and Qube.The round deepens OKX’s ties to Wall Street as it expands into stablecoins and tokenized finance.It remains to be seen if OKX can scale regulated finance... 
by Michael
Key TakeawaysBitcoin ETFs collectively lost $89.90M on Monday as ARKB and FBTC outflows outweighed Blackrock IBIT buying.Ether hit a five-day outflow streak as solana, zcash, and HYPE also weakened across crypto ETFs.The key test is whether IBIT demand can stabilize... Translate »
