Strategy launches $1.6B cash pool after $2B common shares raise, maintains hold on BTC buys

Strategy held off on new Bitcoin buying, maintaining holdings at 840,447 BTC as it launched a $1.59 billion cash pool after raising $2 billion from MSTR stock sales. Source link

Crypto Organizations Oppose Illinois Digital Asset Tax in Court

The Crypto Council for Innovation (CCI) and Blockchain Association (BA) filed a lawsuit against Illinois officials regarding the state’s 0.2% tax on cryptocurrency, expected to be enforced starting in January 2027.  In a lawsuit filed Friday in the Circuit Court of the Seventh Judicial Circuit for Sangamon County, lawyers for the two crypto advocacy groups…

Bitcoin Price Returns To $80,000 For First Time In 100 Days

Bitcoin (BTC) passed $80,000 after Monday’s Wall Street open as bulls built on last week’s snap BTC price rally. Key points: Bitcoin hits $80,000 for the first time since mid-May as bullish momentum gathered pace. BTC price analysis warns that the market still needs to sustain higher levels to challenge the bear-market thesis. Bitcoin returns…

Coinbase debuts tokenized stocks on Base network, joining race to bring equities on blockchain

The crypto exchange is starting with tokenized versions of Apple, Nvidia, Meta and Alphabet, issued under its new Abu Dhabi framework. Source link

Bitmine ETH Holdings Near 5% as Ether Breaks $2,500

Tom Lee’s Bitmine Immersion Technologies continued its accumulation of Ether last week, adding to its holdings as the cryptocurrency staged a sharp breakout following a prolonged downturn. The company disclosed Monday that it purchased 32,447 Ether (ETH) last week, bringing its total holdings to 5,847,611 ETH, or roughly 4.8% of Ethereum’s circulating supply. Bitmine has…

Zondacrypto Head Faces Fraud Charge Over Exchange Collapse

Przemysław Kral, the head of the collapsed cryptocurrency exchange Zondacrypto, has reportedly been charged with participating in an alleged large-scale fraud and has begun cooperating with Polish prosecutors. Kral is seeking a reduced sentence in exchange for testimony that could include details about Zondacrypto’s funding of right-wing politicians, Polish outlet Onet reported Monday. According to…

Bitget CEO Isn’t Buying the Bitcoin Rally — She’s Waiting for $50K

Bitget CEO Gracy Chen isn’t convinced that Bitcoin’s recent rally to $79,000 marks the end of the bear market. She is keeping a significant portion of her portfolio in stablecoins and watching for a drop of more than $25,000 from current prices as a potential level to buy back into Bitcoin. “I would say $50K…

Term Finance Vault Governance Exploit Drains Estimated $8.5M

Decentralized lending protocol Term Finance lost an estimated $8.5 million after an attacker exploited governance control of its strategy vaults, according to blockchain security firms.  On Sunday, PeckShield said the attacker drained about 2,843 Ether (ETH), valued at $6.87 million at the time, and 1.68 million USDC, which was exchanged for approximately 1.68 million Dai…

Pakistan Opens Crypto Licensing Portal With Sept. 5 Deadline

Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal after notifying regulations governing crypto exchanges and other virtual asset service providers (VASPs) operating in the country.  Companies providing virtual asset services on or before March 5 must submit an application for a no-objection certificate (NOC) by Sept. 5 or cease operations, according to…

Live updates: Bitcoin holds $77,000 as XRP, Zcash pull back after a big weekly rally

Bitcoin holds its gains near $77,000 after a 22% week, while last week’s biggest altcoin winners steady, with focus turning to Fed Chair Warsh’s Jackson Hole debut. Source link