Bit Digital (BTBT) is changing course to become a dedicated ether staking and treasury operation, the company said Wednesday. The New York-based firm will exit the bitcoin mining business entirely, repurposing its assets and capital into its growing ETH strategy. The company began building its ether position and Ethereum staking infrastructure in 2022. As of…
Kalshi, a prediction market and competitor to Polymarket, has reportedly closed a $185 million funding round that values the company at $2 billion, indicating growing investor appetite for the emerging sector. The round was led by crypto investment company Paradigm, with participation from venture capital companies Sequoia Capital, Multicoin Capital and other investors, The Wall…
Bitcoin continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance Agency (FHFA), to prepare to accept cryptocurrencies as part of applicants’ assets. Back above $107,000, the top…
Key takeaways: Avenir Group and Glassnode data conclude that a significant portion of spot BTC ETF inflows are unhedged, long-only positions, indicating genuine institutional conviction rather than reliance on short-term arbitrage strategies. BTC continues to behave like a traditional macro asset with strong correlations to equities, gold, and liquidity cycles, while inversely tracking the dollar…
U.S.-based fintech platform SoFi (SOFI) said on Wednesday it will introduce international remittances through blockchain and stablecoins and allow users to invest in cryptocurrencies this year, making good on its promised digital asset push. The upcoming remittance service will let users send U.S. dollars and select stablecoins to recipients abroad with “well-known” blockchain networks processing…
US home mortgage purchasers Fannie Mae and Freddie Mac will count cryptocurrencies as assets in their risk assessments for single-family home loans, marking a significant step toward the mainstream acceptance of digital assets under US President Donald Trump’s administration. The directive was issued Wednesday by William J. Pulte, director of the Federal Housing Finance Agency…
Prediction market Kalshi, a federally regulated competitor to Polymarket, has raised more than $100 million at a valuation of $1 billion, according to a report from Bloomberg. This comes less than a day after reports emerged that Polymarket was raising $200 million at the same unicorn valuation, led by Peter Thiel’s Founders Fund. Publicly available…
United Kingdom-based bank Barclays will begin blocking crypto transactions made through its Barclaycard credit cards starting Friday, citing risks associated with cryptocurrencies volatility. According to the bank’s website, the decision was based on concerns over volatile token prices and the lack of regulatory guardrails for investors. “We’re doing this because a fall in the price…
Ethereum faces widespread perception as a network in crisis. It has been characterized as a platform plagued by governance upheaval, community fragmentation, and high gas fees. Additionally, Ethereum receives a lot of criticism for its slow performance, which lags behind Bitcoin’s institutional appeal and Solana’s speculative excitement. This narrative misses Ethereum’s central purpose and strategy….
Terraform Labs co-founder Do Kwon, facing criminal charges in US federal court, could see a change in his indictment based on bills currently moving through the US Congress. According to reporting from Inner City Press, Kwon’s lawyers and prosecutors met for a status conference before Judge Paul Engelmayer in the US District Court for the…