CloudTech Raises $14M in Crypto for Digital Custody Solution
TL;DR Based in Melbourne and founded in 2021, CloudTech completed one of Australia’s largest crypto-denominated funding rounds to date. Of the $14 million raised, only...
Siebert Financial Gets Green Light to Raise $100 Million and Accelerate Its Growth
TL;DR Siebert Financial Corp. received SEC approval to activate a $100 million shelf registration, enabling quick capital raising without an immediate fund issuance. The funds...
Cardano’s Next Wave: Cross-Chain Ambitions and a New Product Line-Up
TL;DR Ambitious Roadmap Unveiled: Charles Hoskinson introduces a bold new vision for Cardano, emphasizing cross-chain integration and an expanded DeFi ecosystem. Enhanced Cross-Chain Capabilities: The...
Australia Shuts Down a Money Laundering Network That Cleaned Over $123 Million
TL;DR Australia dismantled a network that laundered $123 million in cryptocurrency through a private security company. The investigation found that the company mixed legal earnings...
Strategy Adds 1,045 BTC and Announces $1 Billion Stock Offering to Fund New Purchases
TL;DR Strategy bought 1,045 BTC for $110.2M at an average price of $105,426, bringing its total holdings to 582,000 BTC valued at $40.8B. The purchase...
Crypto Regulations Split Congress Over the Clarity Act and Trump’s Business Dealings
TL;DR The House debated the Clarity Act as Democrats denounced potential conflicts of interest involving Donald Trump’s crypto business dealings. Republicans defended the bill as...
The FCA Prepares to Authorize Cryptocurrency cETNs for Retail Investors in the UK
TL;DR The FCA plans to authorize UK retail investors to trade crypto cETNs on regulated exchanges, lifting a restriction in place since 2021. The move...
Strategy Quadruples STRD Offering to Raise Nearly $1 Billion
TL;DR Strategy, under the leadership of Michael Saylor, has quadrupled its preferred stock offering (STRD) to raise nearly $1 billion. The proceeds will be used...
Chanos Bets Against Strategy: Here’s Why
TL;DR Jim Chanos believes Strategy’s premium over its Bitcoin holdings is unsustainable and suggests exploiting the arbitrage opportunity. Hedge funds are taking advantage of a...
Tether & Bitfinex Send 25,812 BTC to Launch Twenty One Capital
TL;DR Massive Funding Move: Tether and Bitfinex transferred a combined 25,812 BTC, valued at around $2.7 billion, to pre-fund Twenty One Capital’s launch. Strategic Pre-Funding:...