Bitcoin Soars Past $71K Amid Market Rally, Triggering $175M in Short Liquidations
SUMMARY Bitcoin surged past $71,000 during Asian trading hours, rising 5% in 24 hours and triggering over $143
FTX Settles Lawsuit Against Bybit for $228 Million.
SUMMARY FTX has reached a settlement with Bybit, agreeing to drop its lawsuit in exchange for approximately $228
Metaplanet Expands Bitcoin Holdings to Over 1,000 BTC with $10.4 Million Investment
SUMMARY Metaplanet Japan invested $10.4 million more in Bitcoin, raising its total holdings to 1,018.17 BTC. The company’s
Hong Kong to Expand Tax Concessions and Accelerate Crypto Licensing
SUMMARY Hong Kong will expand tax concessions to include cryptocurrency investments by year-end, according to the Treasury chief.
US court confirms home insurance will not cover crypto losses
SUMMARY A U.S. appeals court ruled that home insurance policies do not cover cryptocurrency losses, upholding Lemonade Insurance’s
How AI bot funded by a16z spurred the creation of a $850m meme coin
SUMMARY Andreessen Horowitz’s AI bot, “Truth Terminal,” helped create the meme coin Goatseus Maximus, which peaked at an
BingX launches ‘ShieldX’ wallet firewall months after $52M hack
SUMMARY BingX launched “ShieldX,” a new security framework, to enhance platform protections after a $52 million hack in
Kraken Selects Optimism for New Layer-2 Network
SUMMARY Nearly a year after considering its own layer-2 network, Kraken has announced plans to launch one on
Denmark Recommends Tax on Unrealized Crypto Gains, Proposal Expected by 2025
SUMMARY Denmark’s tax authority suggested using “mark-to-market taxation” for crypto investors in its latest proposal. The Minister of
Bitcoin Rebounds to $67K as Beige Book Fuels Rate Cut Hopes
SUMMARY Bitcoin surged above $67K as the Beige Book report supported expectations for Fed rate cuts in November